Keysight Technologies Inc

Keysight Technologies Inc

KEYS

Get informed when a big investor buys or sells

+ Follow
Market Cap$57.99B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Keysight Technologies IncKeysight Technologies Inc55.7-17%100.6

Earnings Call Q2 2026

May 19, 2026 - AI Summary

Q2 was record-setting across the board (good): Orders $2.05B (+56% YoY reported; +48% core) and revenue $1.72B (+31% YoY reported; +24% core); EPS $2.87 (or $2.58 ex-tariff items, +52% YoY). Free cash flow: $472M (record) with $501M cash from operations. Gross margin 72.3% reported (adjusted 67.6% excluding tariff items, +300 bps).
Tariff-related accounting impact (bad / one-time): Following a U.S. Supreme Court decision validating certain IEA/Tariff items, the company recorded tariff refund impacts in Q2: $40M revenue reduction and $97M cost/expense reduction. Management also states that excluding these one-time impacts, operating performance was stronger (e.g., EPS and gross margin improved materially).
Guidance: solid sequential profile + raised FY confidence (surprising/positive): - Q3 FY26 revenue: $1.73B–$1.75B (+29% YoY at midpoint). - Q3 EPS: $2.43–$2.49 (+43% YoY at midpoint). - For FY26, Keysight now expects revenue growth in the “high-20s%” range (upward confidence driven by pipeline/visibility from H1 and expectations for stronger H2). They also expect a historically typical sequential revenue increase into Q4.

Exclusive for Stockcircle Pro members

Sign upSign Up
$352.75

Target Price by Analysts

0.6% upsideKeysight Technologies Target Price DetailsTarget Price
$103.57

Current Fair Value

70.4% downside

Overvalued by 70.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$57.99 Billion
Enterprise Value$59.20 Billion
Dividend Yield$- (-)
Earnings per Share$4.9
Beta1.26
Outstanding Shares173,000,000

Return

Return on Equity16.59%ROE
Return on Assets8.95%
Return on Invested Capital13.60%

Valuation & Multiples

P/E Ratio55.71P/E Ratio
PEG155.64PEG
Price to Sales10.01Price to Sales
Price to Book Ratio9.74Price to Book Ratio
Enterprise Value to Revenue9.72
Enterprise Value to EBIT47.9
Enterprise Value to Net Income56
Total Debt to Enterprise0.06
Debt to Equity0.57Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 19, 2026
EPS Estimate
$2.32
Average shareholder expectation
Revenue Estimate
$1.71 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 18, 2026
EPS Estimate
$2.48
Average shareholder expectation
Revenue Estimate
$1.75 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.6727 47.38%
Total Calls545,800 43.63%
Total Puts912,961 100.39%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %88.20% 2.28%
Total Invested$42.81B 34.63%
Investors Holding1,160 159.00%

ESG Score

No data

About Keysight Technologies Inc

14,000 employees

Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world. Keysight's solutions optimize networks and bring el...

Relevant Senate Committees

Joint Committee on Taxation

Provides critical analysis and 'revenue scoring' for tax legislation, directly influencing corporate tax structures and R&D incentives that significantly affect Keysight's financial planning.

Finance

Controls federal tax policy and international trade, directly impacting Keysight's profitability (via corporate tax rates, R&D credits), global supply chain, and market access (via tariffs, trade agreements).

Appropriations

Directly allocates specific federal funds to various agencies and programs, immediately impacting the budgets and procurement from Keysight's government, defense, and research customers.

Judiciary

Oversees intellectual property rights, which are crucial for a technology company like Keysight, and antitrust enforcement affecting customer M&A within high-tech sectors.

Armed Services

Directly authorizes defense spending and policy (NDAA), which determines revenue streams and technology priorities for Keysight's aerospace and defense customers.

Budget

Sets overall federal spending caps, directly influencing the funding available for government, defense, and R&D programs that are Keysight's customers.

Select Committee on Intelligence

Provides insights into national security, defense, and cybersecurity priorities, which directly relate to Keysight's 'secure the world' mission and aerospace and defense customers, creating potential for informational asymmetry.

Commerce, Science, and Transportation

Directly regulates core customer sectors like communications (FCC), aerospace (FAA), and general electronics (FTC, interstate commerce), impacting Keysight's product development and market.

Energy and Natural Resources

Directly shapes national energy policy and regulations, influencing investment and demand within a key customer segment for Keysight (e.g., renewables, smart grid, oil & gas exploration technology).

Foreign Relations

Influences global trade policy, sanctions, and export controls which are critical for Keysight's international sales, market access, and global supply chain.

Homeland Security and Governmental Affairs

Directly impacts federal procurement processes and regulations relevant to Keysight's government customers and emerging tech solutions, including AI in government applications.