Keysight Technologies, Inc. (NYSE:KEYS) stock traded higher in premarket action Wednesday after the electronic test and measurement company reported second-quarter results that topped Wall Street expectations and raised its full-year outlook.

Earnings Snapshot

The company reported second-quarter earnings of $2.87 per share, beating the analyst consensus estimate of $2.32.

Revenue rose 31% year over year to $1.72 billion, slightly ahead of analyst estimates of $1.71 billion.

Orders climbed 56% year over year to more than $2 billion, supported by strong growth in the company's Business Communications solutions segment.

Keysight generated record free cash flow of $472 million during the quarter. The company ended the period with more than $2.4 billion in cash and cash equivalents.

Management said momentum in its AI-related business has already surpassed full-year 2025 levels, driven by growing demand for ...