06:22 AM EDT, 08/20/2025 (MT Newswires) -- Keysight Technologies ( KEYS ) lifted its full-year growth outlook as the electronics test and measurement equipment manufacturer reported fiscal third-quarter results above market expectations.

The company now anticipates per-share adjusted earnings to rise by about 13% for fiscal 2025 and revenue to grow by roughly 7%, it said late Tuesday. Chief Financial Officer Neil Dougherty previously said in May that the firm projected EPS to increase "slightly" above its 10% growth guidance for the year and revenue growth to be at the midpoint of its 5% to 7% long-term target.

The current consensus on FactSet is for non-GAAP EPS of $7.04 and sales of $5.32 billion for the ongoing fiscal year. The stock edged up 0.5% in Wednesday's most recent premarket activity.

"Given our year-to-date outperformance and visibility into the coming quarter, we are raising our full-year growth outlook once again," Dougherty said in prepared remarks on Wednesday.

For the current three-month period, Keysight ( KEYS ) expects adjusted EPS to be in a range of $1.79 to $1.85, while revenue is pegged at $1.37 billion to $1.39 billion. The Street is looking for non-GAAP EPS of $1.82 and sales of $1.38 billion.

"The demand environment has remained resilient, despite an uncertain macroeconomic backdrop," Dougherty said. "We enter (the fourth quarter) in a strong backlog position."

The company estimates new tariff rates that were announced in the beginning of August to increase its exposure by about $75 million on annual basis, Dougherty said. The CFO previously forecast annual tariff exposure to come in between $75 million and $100 million. The company is "on track to fully mitigate" the April tariffs by the fiscal first quarter and has launched additional measures to tackle the latest tariff increase, with expectations to have them fully mitigated on a dollar basis within the first half of the following fiscal year, Dougherty added Wednesday.

US President Donald Trump's sweeping new tariffs on imports from several trading partners went into effect earlier in the month. Last week, Trump signed an executive order to extend the tariff suspension on China for another 90 days.

Keysight ( KEYS ) posted adjusted EPS of $1.72 for the July quarter, up from $1.57 the year before, ahead of the average analyst estimate on FactSet for $1.67. Revenue climbed to $1.35 billion from $1.22 billion, ahead of the market's view for $1.32 billion.

Revenue in the communications solutions group segment advanced 11% to $940 million, driven by gains of 13% in commercial communications and 8% in aerospace, defense and government. Electronic industrial solutions sales rose to $412 million from $370 million, buoyed by growth in semiconductor, general electronics and automotive and energy, according to the company.

"On the demand front, orders increased by 7% with growth across both the (communications solutions) and (electronic industrial solutions) segments," Chief Executive Satish Dhanasekaran said in the prepared remarks. "We saw sustained (artificial intelligence) momentum, strong growth in aerospace, defense and government and general electronics with stability in wireless and automotive."