Keysight Technologies, Inc. logo

Keysight Technologies, Inc.

KEYS

NYSETechnologyHardware, Equipment & Parts

Previous close

$316.13

−$0.38 · -0.12%

Aug 21, 4:00 PM ET

KEYS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

37

Expensive

Momentum

50

Neutral

Sentiment

51

Mixed

Risk resilience

54

Elevated Risk

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Company profile

Company website

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.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
US
CEO
Satish C. Dhanasekaran
Listed since
Oct 20, 2014
Employees
16,800

Market position

Day range

Current $316.13

52-week range

Current $316.13

Open
$319.22
Previous close
$316.51
Volume
984.99K
0.66× average
Average volume
1.5M
Average daily volume
Market cap
54.03B USD
Beta
1.21
Market reference 1
50-day average
$332.87
-5.03% below average
200-day average
$281.52
+12.29% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
32.75B USD
P/E (TTM)
43.54×
P/B (TTM)
8.32×
P/S (TTM)
8.21×
EV / EBITDA
22.98×
Earnings yield
2.67%
Free cash flow yield
4.05%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
64.69%
Operating margin
20.25%
Net margin
19.08%
Return on equity
14.40%
Return on assets
7.49%
Return on invested capital
8.02%

Financial health

Debt / equity
0.42×
Current ratio
2.35×
Altman Z-score
8.24
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends70%49%28%7%Gross margin, FY2021: 62.11%Gross margin, FY2022: 63.65%Gross margin, FY2023: 64.64%Gross margin, FY2024: 62.92%Gross margin, FY2025: 62.08%Operating margin, FY2021: 21.86%Operating margin, FY2022: 24.61%Operating margin, FY2023: 24.85%Operating margin, FY2024: 16.73%Operating margin, FY2025: 17.64%Net margin, FY2021: 18.09%Net margin, FY2022: 20.74%Net margin, FY2023: 19.34%Net margin, FY2024: 12.33%Net margin, FY2025: 15.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 62.11%. Gross margin FY2022 63.65%. Gross margin FY2023 64.64%. Gross margin FY2024 62.92%. Gross margin FY2025 62.08%. Operating margin FY2021 21.86%. Operating margin FY2022 24.61%. Operating margin FY2023 24.85%. Operating margin FY2024 16.73%. Operating margin FY2025 17.64%. Net margin FY2021 18.09%. Net margin FY2022 20.74%. Net margin FY2023 19.34%. Net margin FY2024 12.33%. Net margin FY2025 15.74%.

Income trends

Revenue

5.38B USD+7.95%

Operating income

948M USD+13.81%

Net income

846M USD+37.79%
Income trends across reported periods5.95B USD4.01B USD2.07B USD129M USDRevenue, FY2021: 4.94B USDRevenue, FY2022: 5.42B USDRevenue, FY2023: 5.46B USDRevenue, FY2024: 4.98B USDRevenue, FY2025: 5.38B USDOperating income, FY2021: 1.08B USDOperating income, FY2022: 1.33B USDOperating income, FY2023: 1.36B USDOperating income, FY2024: 833M USDOperating income, FY2025: 948M USDNet income, FY2021: 894M USDNet income, FY2022: 1.12B USDNet income, FY2023: 1.06B USDNet income, FY2024: 614M USDNet income, FY2025: 846M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.94B USD. Revenue FY2022 5.42B USD. Revenue FY2023 5.46B USD. Revenue FY2024 4.98B USD. Revenue FY2025 5.38B USD. Operating income FY2021 1.08B USD. Operating income FY2022 1.33B USD. Operating income FY2023 1.36B USD. Operating income FY2024 833M USD. Operating income FY2025 948M USD. Net income FY2021 894M USD. Net income FY2022 1.12B USD. Net income FY2023 1.06B USD. Net income FY2024 614M USD. Net income FY2025 846M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue5.38B USD4.98B USD5.46B USD5.42B USD4.94B USD
Cost of goods sold2.04B USD1.85B USD1.93B USD1.97B USD1.87B USD
Gross profit3.34B USD3.13B USD3.53B USD3.45B USD3.07B USD
Research and development1.01B USD919M USD882M USD841M USD811M USD
Selling, general, and administrative1.4B USD1.4B USD1.31B USD1.28B USD1.2B USD
Operating expenses2.39B USD2.3B USD2.17B USD2.12B USD1.99B USD
Interest income102M USD81M USD102M USD16M USD3M USD
Interest expense96M USD84M USD78M USD79M USD79M USD
Depreciation and amortization275M USD270M USD212M USD223M USD293M USD
Operating income948M USD833M USD1.36B USD1.33B USD1.08B USD
Net income846M USD614M USD1.06B USD1.12B USD894M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+9.04%
11 comparable reports
Latest EPS result
3.07
Estimate 2.48 · Beat by 23.79%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.422.792.151.52Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 1.82, estimate 1.69, surprise +7.69%, Beat. Q2 2025, reported May 20, 2025: actual 1.7, estimate 1.65, surprise +3.03%, Beat. Q3 2025, reported Aug 19, 2025: actual 1.72, estimate 1.67, surprise +2.99%, Beat. Q4 2025, reported Nov 24, 2025: actual 1.91, estimate 1.83, surprise +4.37%, Beat. Q1 2026, reported Feb 23, 2026: actual 2.17, estimate 2, surprise +8.50%, Beat. Q2 2026, reported May 19, 2026: actual 2.87, estimate 2.32, surprise +23.71%, Beat. Q3 2026, reported Aug 18, 2026: actual 3.07, estimate 2.48, surprise +23.79%, Beat. Q4 2026, reported Nov 23, 2026: actual —, estimate 3.29, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2B1.74B1.47B1.2BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 1.3B USD, estimate 1.28B USD, surprise +1.72%, Beat. Q2 2025, reported May 20, 2025: actual 1.31B USD, estimate 1.28B USD, surprise +1.87%, Beat. Q3 2025, reported Aug 19, 2025: actual 1.35B USD, estimate 1.32B USD, surprise +2.60%, Beat. Q4 2025, reported Nov 24, 2025: actual 1.42B USD, estimate 1.38B USD, surprise +2.51%, Beat. Q1 2026, reported Feb 23, 2026: actual 1.6B USD, estimate 1.54B USD, surprise +3.87%, Beat. Q2 2026, reported May 19, 2026: actual 1.72B USD, estimate 1.71B USD, surprise +0.66%, Beat. Q3 2026, reported Aug 18, 2026: actual 1.85B USD, estimate 1.75B USD, surprise +5.74%, Beat. Q4 2026, reported Nov 23, 2026: actual —, estimate 1.93B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$416.63

31.79% upside
Past 12 months12-month forecastHigh $440Average $416.63Low $384

Rating distribution

16 ratings
Strong buy00%
Buy1381%
Hold319%
Sell00%
Strong sell00%

KEYS peers

ETFs holding KEYS

Funds reporting this stock among their holdings, ordered by reported position size.

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