EarningsQ3 2026 Earnings Report
MX:KEYS Q3 2026 EPS Results
Actual EPS$52.14
Consensus EPS$42.05
Beat/MissBeat by +$10.09
One Year Ago EPS$29.21
MX:KEYS Q3 2026 Revenue Results
Actual Revenue$31.35B
Expected Revenue$29.65B
Beat/MissBeat by +$1.70B
YoY Revenue Growth+36.54%
Earnings Announcement Details
QuarterQ3 2026
Date08/18/2026
TimeAfter Close
Conference CallTuesday, August 18, 2026
MX:KEYS Upcoming Earnings
Keysight Technologies's next earnings date is estimated for November 23, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:KEYS Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
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.Company Guidance
Record top-line and orders growth
Orders of $2.091 billion, up 56% year-over-year (core orders +52% excluding acquisitions/currency). Revenue of $1.846 billion, up 36% year-over-year (core revenue +31%).
Substantial EPS and profitability expansion
Earnings per share of $3.07, up ~79% year-over-year. Net income of $531 million. Operating margin expanded to 33.2% (up 820 basis points YoY) and gross margin was 69%.
Raised near-term and full-year outlook
Q4 revenue guidance $1.930B–$1.950B (implies ~37% YoY growth at midpoint). Q4 EPS guidance $3.34–$3.40 (approx. 76% YoY growth at midpoint). Fiscal 2026 revenue growth now expected ~32% and EPS growth ~60% at midpoint.
Commercial Communications and wireline strength
Communications Solutions Group revenue $1.345B, up 43% reported (core +36%). Commercial Communications delivered its first $1.0B quarter ($1.006B, +56% YoY). Wireline delivered record orders, more than doubling YoY and exceeded wireless revenue for the first time.
Electronic Industrial Solutions records
EISG delivered record revenue of $501 million, up 21% YoY, with double-digit order growth across general electronics, semiconductor, and automotive & energy markets.
Strong cash generation and capital allocation
Operating cash flow of $437 million and free cash flow of $403 million in the quarter. Cash and cash equivalents $2.605 billion. Share repurchases approximately $210 million in Q3 and $517 million year-to-date.
Software & services mix and recurring revenue
Software and services grew double digits and now represent ~33% of revenue; annual recurring revenue ~24% of total mix — supporting recurring revenue expansion and margin durability.
Acquisition integration and synergy progress
Integration largely complete one quarter ahead of plan. Expect to realize 80%–90% of $100 million in cost synergies on a run-rate basis exiting the fiscal year; realized ~ $40M so far with an expected incremental contribution into FY27.
Robust commercial momentum and pipeline
Order momentum sustained for multiple quarters; rolling 12-month funnel and monthly funnel at all-time highs. Added ~3,000 new customers year-to-date representing >$100M of incremental business. Management expects continued multi-year demand from AI infrastructure, 6G, defense modernization, and semiconductor transitions.
MX:KEYS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed