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Keysight Technologies Inc. (NYSE: KEYS) is a global leader in electronic design, testing, and measurement solutions, serving a broad spectrum of industries including communications, aerospace, automotive, semiconductors, and general electronics. With a rich heritage tracing back to Hewlett-Packard and Agilent Technologies, Keysight combines decades of expertise with cutting-edge innovation to empower engineers and organizations worldwide.
Core Business Areas
Keysight's product portfolio spans a wide array of solutions, including advanced testing instruments, analytical software, and comprehensive services. These offerings are designed to streamline the development and deployment of complex technologies, from high-speed communications systems to advanced semiconductor devices. By addressing the entire product lifecycle—from design and simulation to validation and deployment—Keysight enables its customers to reduce time to market, enhance efficiency, and ensure compliance with evolving industry standards.
Industry Applications
Keysight's solutions are integral to several high-growth markets:
- Communications: Keysight plays a pivotal role in the development of next-generation wireless technologies, including 5G and beyond, as well as optical and Ethernet networking solutions.
- Semiconductors: The company provides tools for testing and validating semiconductor devices, ensuring optimal performance and reliability in advanced applications such as AI and IoT.
- Aerospace and Defense: Keysight supports the development of secure and reliable systems for military and aerospace applications, including radar, satellite communications, and electronic warfare.
- Automotive: With the rise of electric vehicles (EVs) and autonomous driving technologies, Keysight offers solutions for testing battery systems, in-vehicle networks, and advanced driver-assistance systems (ADAS).
Revenue Model
Keysight generates revenue through a combination of hardware sales, software licensing, and professional services. Its software solutions, including design and simulation tools, are particularly notable for their ability to accelerate innovation and enhance product performance. Additionally, the company's service offerings, such as calibration and consulting, provide ongoing value to its customers.
Competitive Landscape
In the competitive field of electronic design and testing, Keysight distinguishes itself through its comprehensive portfolio, deep industry expertise, and commitment to innovation. Competitors such as Rohde & Schwarz and Tektronix focus on specific niches, but Keysight's ability to integrate hardware, software, and services sets it apart. Its strategic acquisitions and partnerships further strengthen its position, enabling it to address emerging challenges in areas like AI, 6G, and quantum computing.
Market Significance
Keysight is a critical enabler of technological progress, helping its more than 30,000 customers worldwide bring groundbreaking products to market. Its solutions are foundational to the development of technologies that shape modern life, from high-speed internet and mobile devices to advanced medical equipment and renewable energy systems.
Conclusion
Keysight Technologies Inc. stands at the intersection of innovation and practicality, delivering the tools and insights needed to navigate the complexities of today's technology landscape. By combining decades of experience with forward-looking solutions, Keysight continues to empower engineers and organizations to unlock the full potential of their ideas.
Keysight Technologies will showcase advanced solutions at the 2024 IEEE MTT-S International Microwave Symposium (IMS) from June 16-21, 2024, at the Walter E. Washington Convention Center in Washington, DC.
They will present innovations for optimizing 5G and pioneering 6G, including the new wideband active load-pull capability, AI/ML-enabled EDA, phased array antenna test solutions, and signal source characterization.
Additionally, Keysight will host technical lectures, workshops, and tutorials on various spectrum innovations.
Keysight Technologies has enabled Foxconn Industrial Internet (Fii) to become the first manufacturer to receive the Certificate of Conformance for an outdoor Open Radio Unit (O-RU) from the O-RAN ALLIANCE. This certification was achieved using Keysight's Open RAN Studio solution, which supports the validation of control, user, synchronization, and management planes. The certification ensures the interoperability and compliance of Open RAN equipment. Keysight's solution includes the U5040BSCB Open RAN Studio and the Time Sync Analyzer, which integrate features like high-performance Open Distributed Unit (O-DU) emulation and realistic testing of synchronization planes. This milestone marks a significant step toward the commercial deployment of O-RUs.
Keysight Technologies (NYSE: KEYS) announced participation in upcoming investor conferences.
At the UBS Reshoring and Infrastructure Conference on June 4, 2024, CFO Neil Dougherty and SVP Mark Wallace will hold meetings.
On June 5, 2024, at the Baird Global Consumer, Technology & Services Conference, CFO Neil Dougherty and Kailash Narayanan, President of the Communications Solutions Group, will engage in a fireside chat at 7:50 a.m. PT / 10:50 a.m. ET.
A live webcast of this chat will be available on the Keysight Technologies website, and a replay will be accessible for 90 days.
Keysight Technologies (NYSE: KEYS) reported financial results for the second fiscal quarter ending April 30, 2024. Revenue was $1.22 billion, down from $1.39 billion the previous year. GAAP net income was $126 million ($0.72 per share), compared to $283 million ($1.58 per share) in Q2 2023. Non-GAAP net income was $247 million ($1.41 per share), down from $380 million ($2.12 per share) last year. Cash flow from operations fell to $110 million from $423 million.
CSG revenue declined 10% to $840 million, while EISG revenue dropped 17% to $376 million. Keysight's Q3 2024 revenue is expected to be between $1.18 billion and $1.20 billion, with non-GAAP EPS between $1.30 and $1.36. The webcast of the earnings call is available on the company’s investor site.
Keysight Technologies released its 2023 Corporate Social Responsibility (CSR) Report, highlighting advancements in environmental sustainability, social impact, ethical business practices, and governance. The report, aligned with GRI and SASB standards, showcases significant achievements, including surpassing social impact goals, making progress toward net zero emissions by 2040, and not incurring any material negative impacts from CSR-related matters. Highlights include the approval of near-term science-based targets, an increase in global renewable electricity to 5%, and engaging over 1.8 million students in STEM education. Keysight committed $319 million to community strengthening efforts and improved diversity and inclusion in its workforce.
Keysight Technologies, Inc. (KEYS) has been designated as a technical service provider for approval of the United Nations Economic Commission for Europe (UNECE) R155 and R156 regulations by the Netherlands Vehicle Authority (RDW). These regulations focus on cybersecurity and software updates for automotive systems, becoming mandatory for all new vehicles produced for UNECE countries starting July 2024. With this approval, Keysight aims to enhance vehicle safety, security, and compliance across the automotive supply chain.
Keysight Technologies, Inc. introduces pulse generator software for its FieldFox handheld analyzers, making it the only handheld device with an embedded signal generator up to 54 GHz. This software application offers a wide range of pulse types, from FM chirps to continuous wave signals, supporting various field applications such as radar testing and automotive radar simulation.
Keysight Technologies, Inc. (KEYS) and ETAS partner to enhance automotive cybersecurity with the integration of ETAS' fuzz testing software 'ESCRYPT CycurFUZZ' into Keysight's Automotive Cybersecurity Test Platform Solution. This collaboration aims to provide automakers and suppliers with a comprehensive cybersecurity solution to ensure the safety and security of connected vehicles. By incorporating CycurFUZZ, automakers can conduct comprehensive fuzz testing through CAN interfaces, effectively identifying vulnerabilities and weaknesses in automotive systems. Moreover, the integration enables compliance with international cybersecurity regulations such as UN R-155 and ISO/SAE 21434.
Keysight Technologies, Inc. introduces a new automated solution to test post-quantum cryptography, addressing the demand for improved security in the post-quantum era. This solution enables vendors to identify and fix hardware vulnerabilities, test the latest post-quantum cryptography algorithms, and provide certification services through Keysight Inspector.
Keysight Technologies, Inc. (NYSE: KEYS) has secured new test case validations for non-terrestrial networks (NTN) using narrowband internet of things (NB-IoT) technology. These validations cover transmitter and receiver, demodulation, and radio resource management, supporting certification testing at Global Certification Forum (GCF) Recognized Test Organizations. Keysight achieved a record number of new test case validations at Conformance Agreement Group #78 meeting. The company's NTN solutions enable NB-IoT NTN certification testing, supporting the convergence of terrestrial and non-terrestrial networks for global coverage and new use cases in the telecommunications industry.
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