Keysight Technologies

NYSE: KEYS

Stock price

320.12 USD

(+0%) TODAY

Financial Performance

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5Y price score: 117

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 967.8%

DATE RANGE:

US$ Per
Share

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158.7

52-week range

374.9

320.12

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Required return / cost of capital
%
FCFF terminal growth rate
%

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

2.7 %

Dividend Yield TTM

-

Market cap $

$ 54,707

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

44.1

Price / Book TTM

8.4

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

0.4

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

93.6 %

83.3 %

967.8 %

Free cash flow per share growth

5.8 %

55.7 %

345.8 %

Earnings per share growth

108.2 %

47 %

62.7 %

Founded: 2,014

Employees: 15,400

Business Summary:Keysight Technologies, Inc. specializes in providing advanced electronic design and testing solutions to a diverse array of global industries, spanning commercial communications, networking, aerospace, defense, government, automotive, energy, semiconductor manufacturing, general electronics, and education. The company's operations extend across the Americas, Europe, and the Asia Pacific region. Its Communications Solutions Group focuses on electronic design automation (EDA) software and sophisticated radio frequency (RF) and microwave testing systems, along with associated software. This segment also delivers cutting-edge hardware and virtual platforms for network testing, addressing areas such as data centers, routing and switching, software-defined networking (SDN), security, and encryption. Furthermore, it supplies a range of precision measurement instruments including oscilloscopes, logic and serial protocol analyzers, signal sources, arbitrary waveform generators, bit error rate testers, and optical analysis equipment like modulation analyzers, component analyzers, power meters, and laser sources. The group also facilitates the sale of certified refurbished Keysight equipment. Conversely, the Electronic Industrial Solutions Group offers a comprehensive suite of design and verification tools for industrial applications. Its product lineup encompasses essential laboratory and industrial instruments such as digital multimeters, function generators, frequency counters, data acquisition systems, audio analyzers, LCR meters, thermal imagers, source measure units, and ultra-high precision device current analyzers, alongside test executive software platforms. This segment also provides various power supply units, including AC/DC modular and electronically programmable loads, as well as printed-circuit-board-assembly testers, integrated circuit parametric testers, and sub-nanometer positioning sub-assemblies, complemented by general test and measurement products and software. Beyond its core products, Keysight provides extensive support services, including technical assistance, training, and consulting. The company employs a multifaceted distribution strategy, leveraging a direct sales force, distributors, resellers, and manufacturer's representatives. Keysight Technologies, Inc. was established in 1939 and is headquartered in Santa Rosa, California.

Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q3 (Aug 18, 2026)

1) Strong Financial Performance
- Orders increased by 56% YoY to $2.091 billion.
- Revenue grew 36% YoY to $1.846 billion.
- Earnings per share (EPS) rose 79% to $3.07.
- Gross margin improved to 69%, with operating margin at 33.2%, up 820 basis points YoY.
- Free cash flow reached $403 million, supporting ongoing share repurchases totaling $517 million year-to-date.

2) Segment Highlights and Growth Drivers
- Communications Solutions Group: Revenue up 43% to $1.345 billion; orders grew for the ninth consecutive quarter, driven by AI infrastructure and strong demand in aerospace and defense.
- Electronic Industrial Solutions Group: Revenue increased 21% to $501 million, with solid growth across general electronics, semiconductors, and automotive sectors.
- Aerospace, Defense, and Government: Revenue rose 14% to $339 million, reflecting heightened global focus on defense modernization and new security architectures.

3) Strategic Initiatives and Market Positioning
- Keysight is focused on long-term value creation by investing in structural growth opportunities, particularly in AI, 6G, and defense sectors.
- The company is positioned to capitalize on the growing complexity of technology, with a strong emphasis on R&D and production capabilities.
- Strategic engagements with hyperscalers and defense start-ups are expanding, enhancing Keysight's market presence and product adoption.

4) Challenges and Operational Outlook
- Supply chain constraints remain a concern, particularly with incoming parts, which may limit revenue conversion from demand.
- The company is actively working to deconstrain supply chains and enhance flexibility, with a longer-term view of planning.
- Despite these challenges, Keysight expects to maintain momentum with a strong pipeline and anticipates continued growth into Q4 and FY 2027.

5) Guidance and Future Expectations
- For Q4 2026, Keysight expects revenue between $1.930 billion and $1.950 billion, representing 37% growth YoY at the midpoint.
- EPS is projected to be between $3.34 and $3.40, indicating approximately 76% growth YoY.
- The company is confident in its ability to sustain order growth and profitability, with expectations for continued strong performance across all segments.

Bottom line: Keysight Technologies is experiencing robust growth across its segments, driven by strong demand in AI, communications, and defense sectors. With a solid financial performance and strategic positioning for future technology trends, the outlook remains positive for shareholders despite some supply chain challenges.

Annual Reports, Presentations And IR Contacts

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Keysight Technologies — Financial Overview, Stock Price, Market Cap

Keysight Technologies is a company. Founded in 2014. As of August 26, 2026, the company's market capitalization is $54707025204 with a current stock price of $320.12.