Keysight Technologies (KEYS) Research

Forward Estimates

EPS Estimates

Current Qtr

$2.48

$2.45$2.55

vs $1.72+44.3%

13 analysts

Next Qtr

$2.68

$2.44$2.80

vs $1.91+40.4%

13 analysts

Current Yr

$10.19

$9.67$10.42

vs $7.16+42.4%

13 analysts

Next Yr

$11.86

$10.91$13.00

vs $10.19+16.3%

13 analysts

Revenue Estimates

Current Qtr

$1.75B

$1.74B$1.77B

vs $1.35B+29.3%

11 analysts

Next Qtr

$1.83B

$1.77B$1.86B

vs $1.42B+28.9%

11 analysts

Current Yr

$6.90B

$6.86B$6.94B

vs $5.38B+28.3%

12 analysts

Next Yr

$7.66B

$7.35B$8.03B

vs $6.90B+11.1%

12 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for KEYS on EDGAR.

KEYS filing events and research context
Filed	Item	Context
Jun 4, 2026	mda_quarterly	Keysight Technologies reported revenue of $1.717 billion for the three months ended April 30, 2026, a 31% year-over-year increase, with six-month revenue reaching $3.317 billion. Growth was primarily driven by AI-related demand for 400G, 800G, and 1.6 terabit Ethernet solutions in data centers, alongside strong performance in radar, spectrum operations, and satellite solutions within the aerospace and defense markets. The company expanded its portfolio through the acquisitions of Spirent Communications, Synopsys’ Optical Solutions Group, and Ansys’ PowerArtist. Gross margins improved to 68.6% for the quarter, bolstered by higher volumes and a $100 million receivable from IEEPA tariff refunds, partially offset by $40 million in customer surcharge refunds. Liquidity remains strong with $2.43 billion in cash and a new $750 million revolving credit facility. Capital allocation includes a $1.5 billion stock repurchase program, with $1.192 billion remaining. Key risks include ongoing patent litigation with Centripetal Networks and a $107 million tax refund lawsuit against the U.S. government. The company continues to target secular growth in 6G, quantum computing, and autonomous vehicle technologies.
Mar 5, 2026	mda_quarterly	Keysight reported first-quarter 2026 revenue of $1.6 billion, a 23% year-over-year increase, with total orders rising 30% to $1.645 billion. Net income grew to $281 million, bolstered by a favorable $93 million audit settlement, though gross and operating margins each declined by one percentage point to 62.2% and 15.5%, respectively. This margin compression was primarily driven by U.S. government tariffs, higher people-related costs, and increased amortization from acquisitions. Growth was propelled by AI-driven demand for high-speed data center networks, specifically 400G, 800G, and 1.6T Ethernet solutions. The Communications Solutions Group saw strong gains in radar, spectrum operations, and satellite solutions, while the Electronic Industrial Solutions Group benefited from advanced semiconductor technologies and software-defined vehicles. Strategic expansion included the $1.415 billion acquisition of Spirent Communications to enhance wireless network test capabilities, as well as the acquisition of Synopsys’ Optical Solutions Group for $581 million. The company faces ongoing risks from trade tensions, export control regulations, and geopolitical instability. Liquidity remains strong with $2.195 billion in cash and a newly authorized $1.5 billion stock repurchase program.
Dec 17, 2025	business	Keysight Technologies provides hardware, software, and services for the design, validation, and optimization of electronic systems, primarily targeting research and development applications. The company operates through two segments: the Communications Solutions Group (CSG), which focuses on 5G/6G, AI data center infrastructure, and aerospace and defense; and the Electronic Industrial Solutions Group (EISG), which serves the semiconductor, automotive (EV/autonomous), and energy markets. Key hardware offerings include spectrum and network analyzers, oscilloscopes, and signal generators, while its software strategy emphasizes computer-aided engineering (CAE) to drive recurring revenue. In 2025, Keysight invested $1.007 billion in R&D to maintain its first-to-market advantage amid secular trends of increasing technological complexity and engineering intensity. Recent strategic acquisitions, including Spirent Communications, ESI Group, and the Optical Solutions Group from Synopsys, have expanded its capabilities in network test and design software. While facing intense global competition from both specialized regional players and large-scale diversified firms, Keysight leverages a flexible operating model and deep relationships with Fortune 1000 companies to sustain its market position. Revenue remains substantial, totaling $5.4 billion in 2025, supported by a diversified global customer base across more than 100 countries.

Filed

Item

Context

Jun 4, 2026

mda_quarterly

Keysight Technologies reported revenue of $1.717 billion for the three months ended April 30, 2026, a 31% year-over-year increase, with six-month revenue reaching $3.317 billion. Growth was primarily driven by AI-related demand for 400G, 800G, and 1.6 terabit Ethernet solutions in data centers, alongside strong performance in radar, spectrum operations, and satellite solutions within the aerospace and defense markets. The company expanded its portfolio through the acquisitions of Spirent Communications, Synopsys’ Optical Solutions Group, and Ansys’ PowerArtist. Gross margins improved to 68.6% for the quarter, bolstered by higher volumes and a $100 million receivable from IEEPA tariff refunds, partially offset by $40 million in customer surcharge refunds. Liquidity remains strong with $2.43 billion in cash and a new $750 million revolving credit facility. Capital allocation includes a $1.5 billion stock repurchase program, with $1.192 billion remaining. Key risks include ongoing patent litigation with Centripetal Networks and a $107 million tax refund lawsuit against the U.S. government. The company continues to target secular growth in 6G, quantum computing, and autonomous vehicle technologies.

Mar 5, 2026

mda_quarterly

Keysight reported first-quarter 2026 revenue of $1.6 billion, a 23% year-over-year increase, with total orders rising 30% to $1.645 billion. Net income grew to $281 million, bolstered by a favorable $93 million audit settlement, though gross and operating margins each declined by one percentage point to 62.2% and 15.5%, respectively. This margin compression was primarily driven by U.S. government tariffs, higher people-related costs, and increased amortization from acquisitions. Growth was propelled by AI-driven demand for high-speed data center networks, specifically 400G, 800G, and 1.6T Ethernet solutions. The Communications Solutions Group saw strong gains in radar, spectrum operations, and satellite solutions, while the Electronic Industrial Solutions Group benefited from advanced semiconductor technologies and software-defined vehicles. Strategic expansion included the $1.415 billion acquisition of Spirent Communications to enhance wireless network test capabilities, as well as the acquisition of Synopsys’ Optical Solutions Group for $581 million. The company faces ongoing risks from trade tensions, export control regulations, and geopolitical instability. Liquidity remains strong with $2.195 billion in cash and a newly authorized $1.5 billion stock repurchase program.

Dec 17, 2025

business

Keysight Technologies provides hardware, software, and services for the design, validation, and optimization of electronic systems, primarily targeting research and development applications. The company operates through two segments: the Communications Solutions Group (CSG), which focuses on 5G/6G, AI data center infrastructure, and aerospace and defense; and the Electronic Industrial Solutions Group (EISG), which serves the semiconductor, automotive (EV/autonomous), and energy markets. Key hardware offerings include spectrum and network analyzers, oscilloscopes, and signal generators, while its software strategy emphasizes computer-aided engineering (CAE) to drive recurring revenue. In 2025, Keysight invested $1.007 billion in R&D to maintain its first-to-market advantage amid secular trends of increasing technological complexity and engineering intensity. Recent strategic acquisitions, including Spirent Communications, ESI Group, and the Optical Solutions Group from Synopsys, have expanded its capabilities in network test and design software. While facing intense global competition from both specialized regional players and large-scale diversified firms, Keysight leverages a flexible operating model and deep relationships with Fortune 1000 companies to sustain its market position. Revenue remains substantial, totaling $5.4 billion in 2025, supported by a diversified global customer base across more than 100 countries.

Forward Estimates

KEYS filing events and research context

Keep researching KEYS

Related tickers

Related explainers

Forward Estimates