Keysight forecasts quarterly profit above estimates on strong data center-led demand

Electronic equipment maker Keysight Technologies forecast second-quarter profit ahead of Wall Street estimates on Monday, sending its shares up more than 15% in after-market trading.

Keysight, which offers electronic design, testing and simulation software, has ‌benefited from ⁠sustained ⁠demand from data centers as they expand to support AI workloads.

The Santa Rosa, California-based company expects second-quarter revenue in the range of $1.69 billion to $1.71 billion, ahead of analysts’ average estimate of $1.51 billion, according to data compiled by LSEG.