KEYS|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'25 | $2.00 | - | - |
| Q2'26 | $2.37 | $2.87 | +21.2% |
| Q1'26 | $2.00 | $2.17 | +8.8% |
| Q3'25 | $1.83 | $1.91 | +4.2% |
| Q2'25 | $1.67 | $1.72 | +2.9% |
| Q1'25 | $1.65 | $1.70 | +3.3% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'25 | $1.5B | - | - |
| Q2'26 | $1.7B | $1.7B | -1.3% |
| Q1'26 | $1.5B | $1.6B | +3.9% |
| Q3'25 | - | $1.4B | - |
| Q2'25 | - | $1.4B | - |
| Q1'25 | - | $1.3B | - |
Market Data
KEYS Stock Snapshot
KEYS is currently trading at $342.00, giving Keysight Technologies, Inc. a market cap of 58.27B and a P/E ratio of 55.3. Today's range spans $335.48–$350.00, with shares opening at $339.50 and moving up $1.00 (0.3%) from the prior close. DailyIQ's technical score sits at 77/100 (BUY) with a news sentiment reading of 77/100.
Over the past year KEYS has traded between $152.85 and $374.96 - the current price is +123.7% off the 52-week low and -8.8% from the high. 21 analysts cover the stock with a Buy consensus and a mean 12-month target of $388.33 (range $250.00–$426.00), implying upside of +13.5%.
Keysight Technologies, Inc. (KEYS) is a large-cap in Technology with 58.27B in market cap, and the current setup is one of the cleaner bullish reads in the space. Technical score: 77/100 (BUY). Sentiment: bullish at 77/100. Price: $342.00 (in the upper portion of its 52-week range). The current P/E ratio stands at 55.3. The 52-week range of $152.85–$374.96 provides structural context - and the current technical/sentiment alignment is the type of setup that attracts both momentum and growth-oriented capital.
The combination of a BUY signal (77/100) and bullish news sentiment (77/100) puts KEYS on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 58.27B in Technology market cap without immediately moving the stock. At $342.00 (in the upper portion of its 52-week range in the $152.85–$374.96 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.
Company Insights: Keysight Technologies, Inc. (KEYS)
Keysight Technologies (KEYS) is a significant player in the electronic design and test solutions market, providing critical software, instrumentation, and services across the product lifecycle. The company serves a broad range of industries, including telecommunications, data centers, aerospace, defense, automotive, and semiconductors. Its offerings are essential for validating and enhancing complex electronic systems, from initial design through to manufacturing and deployment. Keysight's deep expertise enables clients to navigate the intricacies of advanced technologies like 5G and AI.
The company has demonstrated a consistent ability to exceed financial expectations, with recent quarters showing robust performance in both earnings per share (EPS) and revenue. For Q1 2026, Keysight reported actual EPS of $2.17, surpassing the estimate of $1.9954, and actual revenue of $1.6 billion, exceeding the $1.54 billion estimate. This pattern of beating analyst projections, evident in Q3 2025 and other recent periods, suggests strong operational execution and market demand for its solutions.
Keysight's strategic focus on emerging technologies like AI and 5G is a key driver of its growth trajectory. Recent product launches and collaborations, such as the SimXTRACT for GNSS testing and advancements in AI-powered solutions for 5G-Advanced and future 6G networks, highlight its innovative capacity. These developments, particularly in the burgeoning AI data center market, position Keysight to capitalize on significant technological shifts and expanding market opportunities.
While Keysight's technological leadership and consistent financial performance are compelling, broader market dynamics can influence its stock. Geopolitical tensions contributing to factors like rising crude oil prices can introduce volatility and impact overall market sentiment. Investors should monitor these external factors alongside Keysight's specific growth initiatives and competitive positioning within the advanced electronics testing landscape.
AI & 5G Leadership
Keysight is at the forefront of developing solutions for next-generation AI and 5G networks, including 5G-Advanced and future 6G.
Recent innovations like the 1.6T Ethernet AI Workload Emulation Platform and AI-powered testing validate its technological edge.
Collaborations with major industry players and awards for AI/5G convergence underscore its strategic importance in these growth sectors.
Consistent Financial Execution
The company has a proven track record of exceeding analyst estimates for both revenue and earnings per share (EPS).
Recent quarters, such as Q1 2026, show significant beats on EPS and revenue, indicating strong operational performance.
This consistent delivery suggests reliable growth and effective management of its business operations.
Market Expansion
Keysight serves diverse and critical industries including communications, data centers, aerospace, defense, and automotive.
Its solutions are integral to the entire electronic system lifecycle, from design to deployment and optimization.
Expansion into high-growth areas like AI data centers and advanced wireless technologies broadens its addressable market.
Valuation & Volatility
With a P/E ratio of approximately 52, Keysight trades at a premium, reflecting its growth prospects and market position.
The 52-week trading range indicates significant price fluctuations, influenced by both company-specific news and broader market conditions.
Geopolitical factors and economic shifts can introduce volatility, requiring careful consideration of entry and exit points.
Positioning KEYS
Keysight Technologies presents a compelling investment case driven by its leadership in AI and 5G infrastructure. Investors seeking exposure to these critical technology growth areas should consider adding to positions during periods of market-wide pullbacks or when the company announces significant technological breakthroughs. Conversely, significant shifts in the broader technology spending environment or increased competitive pressures could warrant a reduction in exposure.
Key Metrics for KEYS
Keysight Technologies' performance hinges on its ability to innovate and capture market share in advanced electronic design and testing. Investors should monitor key operational and financial metrics that reflect demand for its sophisticated solutions.
Revenue Growth: Measures the year-over-year increase in Keysight's total sales. Strong growth indicates robust demand for its electronic design and test solutions; slowing growth could signal market saturation or competitive pressure. This is crucial for KEYS as it reflects the overall health of the industries it serves and its ability to gain market share.
Gross Margin: Indicates the profitability of Keysight's products and services before operating expenses. Expanding gross margins suggest efficient operations and strong pricing power; declining margins may point to increased costs or competitive pricing. This metric is vital for KEYS to demonstrate its ability to maintain profitability amidst technological advancements and supply chain dynamics.
Operating Income: Represents profit after deducting operating expenses from gross profit. Growth in operating income signifies effective cost management and operational efficiency; a decline could signal rising R&D or SG&A costs. For KEYS, this shows the company's ability to translate revenue into actual profit, a key indicator of its business model's sustainability.
Free Cash Flow: Measures the cash generated by Keysight after accounting for capital expenditures. Strong and growing free cash flow allows for reinvestment, debt reduction, or shareholder returns; weak cash flow can strain financial flexibility. This is important for KEYS as it demonstrates the company's capacity to fund innovation and return value to shareholders.
Order Growth: Tracks the increase in new orders received by Keysight. Accelerating order growth is a leading indicator of future revenue growth; decelerating orders suggest potential headwinds. This metric is critical for KEYS as it provides an early signal of demand trends in its key markets like 5G and AI infrastructure.
Analyst Price Targets for KEYS
Wall Street's current consensus view on Keysight Technologies, Inc. (KEYS), based on the most recently tracked analyst coverage.
Reflects the most recently tracked analyst ratings for KEYS and may lag real-time updates. Not a recommendation to buy or sell.
Risk Factors
Keysight Technologies faces risks primarily tied to the cyclical nature of its key customer industries and the rapid pace of technological change. Investors should monitor shifts in demand within the semiconductor and communications sectors, as well as the company's ability to innovate ahead of evolving technology standards.
- Industry Cycles
Keysight's revenue is heavily influenced by capital expenditure cycles in its core markets, such as semiconductors and telecommunications. A downturn in these industries, driven by economic slowdowns or oversupply, could lead to reduced demand for Keysight's test and measurement solutions. This would directly impact sales and profitability, particularly if these cycles are prolonged or severe.
- Technology Obsolescence
The rapid evolution of electronic technologies, especially in areas like 5G, AI, and autonomous systems, requires continuous innovation. If Keysight fails to develop and market cutting-edge test solutions that meet new industry standards, its products could become obsolete. This would erode its competitive advantage and market share, leading to declining revenue and margins.
- Supply Chain Disruptions
As a manufacturer of complex electronic instruments, Keysight relies on a global supply chain for components. Disruptions, whether due to geopolitical events, natural disasters, or supplier issues, can impact production capacity and lead times. This could result in missed sales opportunities and increased costs, affecting financial performance.
- Customer Concentration
While Keysight serves a broad range of customers, significant revenue may be derived from a few large clients, particularly in the aerospace, defense, and semiconductor sectors. The loss of a major customer or a significant reduction in their orders could have a material adverse effect on Keysight's financial results. This risk is heightened if these key customers face their own industry-specific challenges.
- Software Integration
Keysight's strategy increasingly involves integrated software and hardware solutions for electronic design and test. Challenges in developing, integrating, and scaling these complex software platforms could hinder adoption. Delays or performance issues in its software offerings might lead to customer dissatisfaction and impact the company's ability to capture growth in software-driven markets.
What Moves KEYS Stock?
Keysight Technologies' stock performance is primarily driven by demand for its advanced electronic design and test solutions, particularly within the burgeoning AI and high-speed communication sectors. Investor focus remains on the company's ability to capitalize on these technological shifts and translate innovation into consistent financial results.
AI Infrastructure Demand
Keysight provides critical test and validation solutions for AI infrastructure, including high-speed networking components and data center hardware. Their platforms are essential for ensuring the performance and reliability of the complex systems powering artificial intelligence workloads.
Strong demand for AI-driven solutions directly translates into increased sales of Keysight's sophisticated instrumentation and software. Exceeding revenue expectations in this segment typically leads to positive stock price reactions as investors price in future growth.
5G and Beyond
The company is a key player in testing and validating next-generation communication technologies, such as 5G-Advanced and future 6G networks. Recent news highlights collaborations and awards for innovations in this space, demonstrating their technological leadership.
Success in these advanced communication markets fuels revenue growth for Keysight's Communications Solutions Group. Positive developments and market adoption of these technologies tend to support higher valuations and stock performance.
Earnings Performance
Keysight has a consistent track record of exceeding analyst estimates for both earnings per share (EPS) and revenue. Recent quarters show strong beats, indicating effective operational execution and robust demand for their product portfolio.
Consistently beating earnings expectations reinforces investor confidence and can lead to upward revisions in price targets. Conversely, any miss in these reports can trigger significant negative stock price movements.
Key insight: Keysight's stock is propelled by its integral role in enabling advanced AI and next-generation communication technologies. Consistent financial outperformance against analyst expectations is crucial for sustaining positive investor sentiment and driving share price appreciation.
KEYS Competitive Positioning
Keysight Technologies, Inc. (KEYS) is tracked alongside these names in Scientific & Technical Instruments on DailyIQ.
KEYS Recent Earnings History
- Q1 2026
EPS: $2.17 actual vs $2.0 estimate (beat) · Revenue: $1,600M actual vs $1,540M estimate
- Q3 2025
EPS: $1.91 actual vs $1.83 estimate (beat) · Revenue: $1,419M actual
- Q2 2025
EPS: $1.72 actual vs $1.67 estimate (beat) · Revenue: $1,352M actual
- Q1 2025
EPS: $1.7 actual vs $1.65 estimate (beat) · Revenue: $1,306M actual
- Q4 2024
EPS: $1.82 actual vs $1.69 estimate (beat) · Revenue: $1,298M actual
Frequently Asked Questions About KEYS
Is Keysight Technologies (KEYS) stock a good investment?
Keysight Technologies' investment appeal centers on its role in enabling advanced electronic systems across critical sectors like 5G, AI, and aerospace. The company provides essential design and test solutions that are crucial for innovation and validation in these rapidly evolving fields. Investors might consider its market position, technological leadership, and the demand for its sophisticated instrumentation and software.
What drives Keysight Technologies (KEYS) stock price?
The stock price of Keysight Technologies is primarily influenced by the demand for its electronic design and test solutions, particularly within high-growth areas such as 5G, AI data centers, and automotive. Factors like new product introductions, customer adoption rates, and overall industry capital expenditure in technology significantly impact performance. Earnings reports and forward guidance also play a crucial role in investor sentiment.
Does Keysight Technologies (KEYS) pay a dividend?
Keysight Technologies currently pays a quarterly cash dividend. While the company has a history of returning capital to shareholders, investors should review the latest dividend announcements and payout ratios. The sustainability and growth of the dividend are typically tied to the company's financial performance and its capital allocation strategy.
What is Keysight Technologies' (KEYS) valuation?
Keysight Technologies' valuation can be assessed by comparing its price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and other metrics against its historical averages and industry peers. A P/E ratio of approximately 52 suggests investors are willing to pay a premium, likely reflecting expectations for future growth in its technology segments. Analyzing these multiples in conjunction with growth prospects is key.
What are the risks of investing in Keysight Technologies (KEYS)?
Investing in Keysight Technologies carries risks, including intense competition in the electronic test and measurement market and potential cyclicality in customer spending, especially within the semiconductor and communications industries. Geopolitical factors and supply chain disruptions can also impact operations and revenue. Furthermore, the pace of technological change requires continuous innovation, posing a risk if the company fails to keep up.
How is Keysight Technologies (KEYS) performing in the AI and 5G markets?
Keysight Technologies is actively involved in advancing AI and 5G technologies, evidenced by recent product launches and collaborations. Their solutions are crucial for validating next-generation communication systems and AI infrastructure, such as their 1.6T Ethernet AI Workload Emulation Platform. Success in these high-demand areas is a key growth driver for the company.
What is Keysight's (KEYS) competitive advantage?
Keysight's competitive advantage lies in its deep expertise and comprehensive portfolio of sophisticated electronic design and test solutions. The company's ability to provide end-to-end support across the product lifecycle, from simulation to manufacturing, and its focus on emerging technologies like AI and 5G, create a strong value proposition for its customers. Its established reputation and long-standing customer relationships further solidify its market position.
How does Keysight Technologies (KEYS) manage its supply chain?
Managing a complex global supply chain is critical for Keysight Technologies, given its reliance on specialized components. The company likely employs strategies to ensure resilience, such as diversifying suppliers, maintaining strategic inventory levels, and fostering strong relationships with key partners. Recent global events have highlighted the importance of robust supply chain management for technology firms.
What are Keysight's (KEYS) key growth segments?
Keysight Technologies' primary growth drivers include its Communications Solutions Group and Electronic Industrial Solutions Group. Within these, significant expansion is anticipated from the demand for solutions supporting 5G, 6G, AI data centers, and advanced semiconductor development. The company's focus on enabling next-generation technologies positions it well for future growth.
What are the implications of geopolitical tensions on Keysight Technologies (KEYS)?
Geopolitical tensions can impact Keysight Technologies through various channels, including potential disruptions to global trade, increased component costs, and shifts in demand from key markets. For instance, rising crude oil prices, often linked to geopolitical events, can indirectly affect industry spending. The company's global operations necessitate careful navigation of these international dynamics.
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