Keysight Technologies (NYSE: KEYS) reported Q2 EPS of $0.78, versus $1.22 reported last year. Revenue for the quarter came in at $895 billion, versus $1.09 billion reported last year.

Outlook:

After site closures resulted in limited production capacity in March and April, Keysight’s production operations and those of its suppliers are now ramping capacity. Continued progress is expected in the third quarter with third-quarter revenue, operating margin and earnings expected to be in line with, or better than, the most recent quarter. These expectations are based on the order funnel and a strong backlog position, and assume limited incremental supply chain constraints or disruption from additional shutdowns or a second wave of the pandemic.

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