KEYS · NYSE · Hardware, Equipment & Parts

Keysight Technologies (KEYS)

Design, emulation, and test systems spanning electronics R&D through network operations.

$343.70
vs last close+1.67 (+0.49%)
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Keysight Technologies, Inc.KEYS
Information Technology

Provides electronic design, emulation, and test instruments, software, and services for communications, aerospace and defense, automotive, semiconductor, and general-electronics customers. Most business runs through direct sales, with revenue centered on R&D workflows and the larger Communications Solutions Group.

Supplies electronic design, emulation, and test hardware, software, and services across product development, manufacturing, deployment, and operations. Instruments such as oscilloscopes and signal and network analyzers pair with PathWave design tools, virtual prototyping, automated software testing, network assurance, calibration, and engineering support.

Communications Solutions Group serves commercial communications and aerospace, defense, and government markets; Electronic Industrial Solutions Group covers automotive and energy, semiconductors, and general electronics. A global direct-sales and applications-engineering network connects customers with R&D teams, while specialized in-house component technology supports high-performance instruments.

Sales span more than 100 countries, with international markets contributing most revenue. Production combines proprietary U.S. and German technology centers, a major Malaysian manufacturing hub, and contract suppliers; custom components can lack ready substitutes, and export controls can restrict technology and software sales.

Company facts

CEOSatish C. Dhanasekaran
ListedOct 20, 2014
ExchangeNYSE
HeadquartersSanta Rosa, CA
CountryUnited States
Employees16,800
CIK0001601046
ISINUS49338L1035

Market cap$58.45B
EPS (ttm)$7.26
P/E (ttm)47.11
ROE20.1%
P/B8.90
P/S8.88
Dividend yieldDiv yield
Beta1.83vs XLK 0.86

Price target$417.50+22.1%Average of 16 analysts
ConsensusBuy13 of 16 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 19, 2026Morgan StanleyReiterate
Rating: Target: $400
Rating: OverweightTarget: $425
Aug 19, 2026UBSReiterate
Rating: Target: $420
Rating: BuyTarget: $440
Aug 19, 2026Truist FinancialTarget
Target: $376
Target: $400
Aug 19, 2026SusquehannaReiterate
Rating: Target: $425
Rating: PositiveTarget: $440
Aug 19, 2026Robert W. BairdTarget
Target: $385
Target: $410

Next report
Nov 23, 26
in 62 days
EPS estimate
$3.36
Revenue estimate
$1.95B
Fiscal quarter
Q4 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.82$1.70$1.72$1.91$2.17$2.87$3.07Pending
Estimate$1.69$1.65$1.67$1.83$2.00$2.32$2.48$3.36
Surprise+7.7%+3.0%+3.0%+4.4%+8.5%+23.7%+23.8%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.30B$1.31B$1.35B$1.42B$1.60B$1.72B$1.85BPending
Estimate$1.28B$1.28B$1.32B$1.38B$1.54B$1.71B$1.75B$1.95B
Surprise+1.7%+1.9%+2.6%+2.5%+3.9%+0.7%+5.7%
Estimate$3.36
ReportedDue Nov 23, 2026
Estimate$1.95B
ReportedDue Nov 23, 2026
View details

Debt to equity41.80%
Current ratio202.40%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$1.29B$1.30B$1.31B$1.35B$1.42B$1.60B$1.72B$1.85B
Net income−$73.0M$169.0M$257.0M$191.0M$229.0M$281.0M$349.0M$397.0M
Net margin0.0%13.0%19.7%14.1%16.1%17.6%20.3%21.5%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income$230.0M$218.0M$207.0M$234.0M$217.0M$248.0M$407.0M$461.0M
YoY growth−27.4%−1.4%+16.9%+14.1%−5.7%+13.8%+96.6%+97.0%

Balance sheet, Jul 31, 2026Cash & short-term investments $2.61B · Total debt $2.75B · Total assets $11.92B · Shareholders' equity $6.57B

Revenue
$1.85B
Operating income
$461.0M
Net income
$397.0M
View details

No dividends on record.

Institutions≈ 86.93%148.57M shares
1,299 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders0.72%1.23M shares
25 holders · as of Sep 9, 2026
Other≈ 12.35%21.10M shares
remainder

170.90M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
11.75%20.08Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.55%11.19Mas of Jun 30, 2026
Price T Rowe Associates Inc /MD/Institution
5.63%9.61Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
5.04%8.62Mas of Jun 30, 2026
State Street CorpInstitution
4.84%8.27Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 4, 2026Ingrid A. Estradaofficer: SVP−2,000$326.10
Aug 21, 2026Jean Mcclung Nyedirector−3,000$319.22
Aug 20, 2026Ingrid A. Estradaofficer: SVP−2,000$314.66
Jun 30, 2026Ingrid A. Estradaofficer: SVP−2,000$340.87
Jun 25, 2026Satish Dhanasekarandirector, officer: President and CEO−507$361.32
View details

  • Ralliant

    Tektronix, Keithley — oscilloscopes, precision measurement, semiconductor test.

  • Viavi Solutions

    Network test and fiber assurance; absorbed three Spirent units from Keysight.

  • Teradyne

    Top-2 ATE vendor; competes in wireless, semiconductor, and board test.

  • Emerson Electric

    NI/Emerson PXI and software-centric automated test — LabVIEW vs PathWave.

Compare

CompanyPriceChange
Keysight Technologies$343.70+0.49%$58.45B47.125.88.9+36.5%
Ralliant$69.97+1.54%$7.62B22.53.5+12.8%
Viavi Solutions$35.00−3.31%$8.93B21.85.9+52.5%
Teradyne$394.24+3.33%$59.65B52.340.213.4+103.9%
Emerson Electric$153.58+1.22%$84.92B33.221.74.6+7.0%
Median42.822.25.2+32.7%