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Keysight Technologies (KEYS) Stock Price & Analysis
KEYS Stock Chart & Stats
- Day’s Range
- $301.02 - $320.00
- 52-Week Range
- $167.23 - $389.93
- Previous Close
- $329.84
- Volume
- 1.18M
- Average Volume (3M)
- 1.23M
- Market Cap
- $52.30B
- Enterprise Value
- $55.33B
- Total Cash (Recent Filing)
- $2.60B
- Total Debt (Recent Filing)
- $2.75B
- Price to Earnings (P/E)
- 42.3
- Beta
- 1.63
- Next Earnings
- Nov 19, 2026 (Est.)
- EPS Estimate
- 3.37
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Recurring Software And Services Mix
A meaningful software and services mix, including recurring revenue, can make customer relationships more durable than one-time equipment sales. It supports revenue visibility, improves potential margin stability, and strengthens the value of Keysight’s broader test ecosystem over time.
Strong Cash Generation
Strong operating and free cash flow, with FCF nearly matching net income, indicates high earnings conversion and cost discipline. This gives Keysight internal funding capacity for research, acquisitions, capital returns, and customer-driven investment without relying entirely on external financing.
Broad-Based Demand And Order Momentum
Record orders and all-time-high funnel metrics indicate demand is broadening across communications, AI infrastructure, defense, and semiconductor transitions. Sustained bookings and a larger customer base can support multi-quarter revenue growth and reinforce Keysight’s market position.
Bears Say
Recent Revenue Contraction And Margin Normalization
The recent revenue contraction shows that Keysight remains exposed to customer spending cycles despite healthy profitability. Margins below prior peaks also suggest that earnings growth may be harder to sustain if demand normalizes or favorable operating conditions fade.
Supply Constraints Limit Revenue Conversion
Persistent parts constraints could prevent strong orders and backlog from converting into reported revenue on schedule. If the issue lasts several quarters, it may delay customer deployments, create uneven quarterly performance, and reduce the near-term benefit of Keysight’s strong demand pipeline.
Moderate Debt Coverage
Although cash generation is strong, operating cash flow covering only about 56% of total debt means leverage remains meaningful in absolute terms. This reduces financial flexibility relative to a more lightly indebted balance sheet and could constrain capital allocation if conditions weaken.
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Keysight Technologies Stock Smart Score
Company Description
Keysight Technologies
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.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Satish C. Dhanasekaran
- Employees
- 16,600
- Website
- www.keysight.com
- Address
- 1400 Fountaingrove Parkway, Santa Rosa, CA, 95403-1738, US
Keysight Technologies (KEYS) Earnings & Revenues
KEYS Company Deck
KEYS Earnings Call
Earnings Call SentimentPositive
The call conveyed a strongly positive performance: record orders, revenue, EPS and margins, robust cash generation, accelerated synergy realization, and an upgraded outlook. Key growth engines (AI-related wireline, communications, semiconductor, and defense) showed broad-based strength and pipeline metrics hit all-time highs. Risks flagged by management include non-repeatable tariff-related margin benefits, ongoing incoming parts supply constraints that may limit near-term revenue conversion, and normal quarter-to-quarter variability in government-driven defense spending. Management signaled confidence in sustaining momentum and expects continued strong performance into FY27 while actively addressing supply constraints.
View all KEYS earnings summariesKEYS Net sales Breakdown
- 69.32% Communications Solutions Group
- 30.68% Electronic Industrial Solutions Group
KEYS Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 5 | 13 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 1 | 0 | 11 |