Keysight Technologies develops design, emulation and test solutions used across the electronics product lifecycle. News about KEYS commonly covers measurement software, validation systems and services for communications, industrial automation, aerospace and defense, automotive, semiconductor and general electronics customers.
Recurring updates include product launches for PCIe 7.0 validation, automotive Ethernet receiver compliance, 5G and 6G network testing, non-terrestrial network integration, new energy vehicle charging validation and virtual manufacturing tools such as Keysight Assembly. Company news also includes collaboration announcements, strategic investments, updates from Spirent as part of Keysight, and scheduled financial-results releases.
Keysight Technologies (NYSE: KEYS) announced the appointment of Kevin Stephens as a director, effective March 1, 2022. The decision was made by the Board of Directors on February 16, 2022. With extensive leadership experience in the communications industry, including roles at Altice USA and Suddlenlink Communications, Stephens is expected to contribute significantly to Keysight's strategic direction. His prior experience includes senior positions at notable companies like Cox Communications and Xerox Corporation.
Keysight Technologies (NYSE: KEYS) announced the PTCRB validation of its S8705A RF/RRM and DVT Conformance Toolset, which supports 5G device certification featuring carrier aggregation technology. This validation enhances certification speed for 5G devices, crucial for high data speeds in applications such as video streaming and gaming. Keysight is the first to gain such approval for 5G NR designs with SA mode, supporting sub-6GHz spectrum. The news was confirmed during the PTCRB Validation Group meeting held from February 15 to 17, 2022.
Keysight Technologies reported financial results for Q1 2022, achieving record orders of $1.50 billion, a 22% increase year-over-year. Revenue rose 6% to $1.25 billion, exceeding guidance. GAAP net income reached $229 million ($1.24/share), up from $172 million ($0.92/share) in Q1 2021. Non-GAAP net income also increased to $305 million ($1.65/share). Cash flow from operations was $224 million, down from $295 million last year. The company expects Q2 revenue between $1.29 billion and $1.31 billion and non-GAAP EPS of $1.63 to $1.69.
Keysight Technologies (NYSE: KEYS) has signed a memorandum of understanding with Samsung Research to advance the development of 6G technology. This collaboration focuses on creating AI-enabled air interfaces utilizing MIMO antenna technology, essential for energy-efficient, ultra-dense networks that can support terabit data wireless transmissions. Both companies aim to leverage their strengths to enhance connectivity and explore the nuances of 6G design. Keysight generated revenues of $4.9B in fiscal year 2021 and continues to lead in advanced design and validation solutions.
Keysight Technologies (NYSE: KEYS) announced an expansion of its collaboration with vivo, a top smartphone vendor, to enhance verification of 5G new radio (NR) features. This partnership aims to implement 3GPP Release 16 specifications, completed in July 2021, to optimize various sectors including industrial IoT and automotive applications. Keysight's 5G solutions facilitate testing across diverse product lines, ensuring compliance with evolving standards. The collaboration, ongoing since 2018, is expected to accelerate vivo's 5G market strategies.
Keysight Technologies announced that its S8704A Protocol Conformance Toolset successfully submitted the first 5G NR Release 16 test case to 3GPP, enhancing mobility in 5G devices. This submission allows device makers to accelerate the introduction of new 5G features while improving reliability for users in fast-moving scenarios like train travel. Keysight's ongoing commitment to 5G innovation supports market transformations across industries like IoT and healthcare.
Keysight Technologies (NYSE: KEYS) has successfully aided LG Electronics in demonstrating a 6G RFFE module at the Korea Science and Technology Exhibition. The showcased technology utilizes Keysight’s 6G Sub-Terahertz R&D Testbed, facilitating terabit wireless data transmission. This innovative testbed enables extensive sub-THz channel sounding research, essential for future applications in 6G. Keysight emphasizes its commitment to advancing 6G technology, targeting improved connectivity and performance beyond current 5G capabilities.
Keysight Technologies (NYSE: KEYS) has expanded its 800G test solution portfolio to enhance power efficiency in data center equipment. These new multimode interfaces support high-speed data connections of up to 100 gigabit per second (Gbps), addressing increased demand in hyperscale data centers driven by cloud computing, 5G, and AI. The solutions aim to reduce energy consumption, aligning with sustainability goals. This follows Keysight's December 2020 launch of industry-first 800G test solutions, marking a significant advancement in the optical transceiver ecosystem.
Keysight Technologies, Inc. (NYSE: KEYS) announced a partnership with Altice Labs to provide O-RAN Radio Architect (KORA) solutions, enhancing O-RAN equipment development and certification services. Altice Labs, based in Portugal and a subsidiary of Altice International, aims to innovate in the ICT market. Keysight's KORA solutions will facilitate the validation of interoperability and performance for O-RAN radio units, supporting the rollout of high-speed broadband services. Keysight generated revenues of $4.9 billion in fiscal year 2021.
Keysight Technologies (NYSE: KEYS) will release its first quarter fiscal 2022 financial results after market close on February 17, 2022. The announcement will be available at www.investor.keysight.com at 4:30 p.m. ET. In fiscal year 2021, Keysight generated revenues of $4.9 billion. A live webcast of the earnings call will be accessible under “Upcoming Events” on their investor relations website and will remain available for 90 days.