Earnings summaries and quarterly performance for Keysight Technologies.
Executive leadership at Keysight Technologies.
Board of directors at Keysight Technologies.
Charles Dockendorff
Detailed
Director
James Cullen
Detailed
Director
Jean Nye
Detailed
Lead Independent Director
Joanne Olsen
Detailed
Director
Kevin Stephens
Detailed
Director
Michelle Holthaus
Detailed
Director
Paul Lacouture
Detailed
Director
Richard Hamada
Detailed
Director
Robert Rango
Detailed
Director
Ronald Nersesian
Detailed
Chair of the Board
Research analysts who have asked questions during Keysight Technologies earnings calls.
Aaron Rakers
Wells Fargo
7 questions for KEYS
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Mark Delaney
The Goldman Sachs Group, Inc.
7 questions for KEYS
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Meta Marshall
Morgan Stanley
7 questions for KEYS
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Mehdi Hosseini
Susquehanna Financial Group
6 questions for KEYS
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Samik Chatterjee
JPMorgan Chase & Co.
6 questions for KEYS
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Adam Thalhimer
Thompson, Davis & Company, Inc.
5 questions for KEYS
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Robert Mason
Robert W. Baird & Co.
5 questions for KEYS
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David Ridley-Lane
Bank of America
4 questions for KEYS
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Matthew Niknam
Deutsche Bank
4 questions for KEYS
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Robert Jamieson
Vertical Research Partners
4 questions for KEYS
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Timothy Long
Barclays
4 questions for KEYS
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Tim Long
Barclays
3 questions for KEYS
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Andrew Spinola
UBS
2 questions for KEYS
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Atif Malik
Citigroup Inc.
2 questions for KEYS
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Rob Mason
Baird
2 questions for KEYS
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Priyanka Thapa
J.P. Morgan
1 question for KEYS
Also covers: FFIV, JAMF, XRX
Rob Jamieson
TD Cowen
1 question for KEYS
Also covers: IEX, ST, ZBRA
Recent press releases and 8-K filings for KEYS.
Citi Annual Global Healthcare Conference 2025 highlights
KEYS
Guidance Update
M&A
- Keysight’s competitive moat stems from decades of trust with engineers and a first-to-market solutions approach that embeds the firm into customer workflows.
- The wireline segment delivered a record year, accounting for just under 50% of commercial communications revenue, with 50% of that business driven by AI-related demand and high R&D intensity.
- All tariffs implemented in April (and increased in August) have been fully offset on a dollar basis, neutralizing tariff-related headwinds by the end of the coming quarter.
- Keysight completed three acquisitions, expects them to be mildly dilutive to EPS in FY 2026 and accretive in FY 2027, and is targeting $100 million of synergies from the Spirent deal through go-to-market and G&A efficiencies.
- The balance sheet remains strong with net leverage below 1x, nearly $2 billion in cash, and a new $1.5 billion share buyback authorization.
4 days ago
Keysight highlights AI-driven momentum and financial outlook at UBS 2025 Tech & AI Conference
KEYS
Guidance Update
Revenue Acceleration/Inflection
Share Buyback
- Keysight’s moat is built on decades of engineering trust, a solutions-oriented “first-to-market” approach, and continuous in-house technology evolution to expand customer value and share.
- AI demand propelled wireline revenue to a record, now ~50% of commercial communications and ~50% exposed to AI-driven ecosystem growth (hyperscalers, NeoCloud) with high R&D lab orientation.
- Management reaffirmed fiscal 2026 targets: 5–7% revenue growth (high end), 10% EPS growth, with tariffs fully offset and recent acquisitions slightly dilutive in FY26 but accretive in FY27.
- Balance sheet remains strong with <2x gross leverage, <1x net leverage, ~$2 billion cash, and a $1.5 billion share buyback authorization.
5 days ago
Keysight outlines competitive moat and AI-driven growth at UBS 2025 Tech Conference
KEYS
Revenue Acceleration/Inflection
M&A
Share Buyback
- Keysight’s competitive moat is built on decades of customer trust in its characterization tools and a “first-to-market” solutions approach that embeds its technology in clients’ workflows to stay ahead of rapid technological change.
- After normalizing from COVID-era pull-forward demand, Keysight retooled its portfolio around 6G, connectivity, AI, and defense, driving FY25 momentum and a record wireline business now representing ~50% of commercial communications revenue, with half of that exposed to AI-driven demand.
- Management expects to fully offset recent tariff increases by end of FY26 Q1 and targets 5–7% organic revenue growth and 10% EPS growth in FY26, with three recent acquisitions mildly dilutive this year and accretive in FY27.
- The Spirent acquisition is projected to deliver $100 million in annual cost synergies through leveraging Keysight’s sales, marketing, and G&A infrastructure within 12–18 months.
- Keysight exits FY25 with <2× gross leverage, ~$2 billion in cash, and a new $1.5 billion share buyback authorization, maintaining flexibility for integration and future M&A.
5 days ago
Keysight Technologies outlines moat, AI-driven growth and margin outlook
KEYS
Guidance Update
Revenue Acceleration/Inflection
M&A
- Keysight’s competitive moat is built on decades of trust with engineers, ongoing in-house R&D and a first-to-market, solutions-oriented approach that deepens customer partnerships.
- The wireline business, part of Commercial Communications, finished the year at a record level, representing ~50% of that segment (and ~45% of total revenue), with ~50% of wireline exposure tied to AI-driven demand in hyperscaler AI clusters.
- CFO Neil Dougherty expects to fully offset April and August tariffs by the end of Q1 and remain tariff-neutral thereafter, while delivering 10% EPS growth in FY2026 despite recent acquisitions being mildly dilutive in FY2026 and accretive in FY2027.
- Keysight completed three acquisitions (including Spirent), targeting $100 million in synergies through go-to-market and G&A integration over 12–18 months; the balance sheet carries <2× gross leverage, <1× net leverage, and a $1.5 billion share buyback authorization.
5 days ago
Keysight Technologies reports Q4 2025 results
KEYS
Earnings
Guidance Update
M&A
- Q4 revenue of $1.419 billion, up 10% reported (9% core); orders $1.533 billion, +14% reported (12% core); EPS of $1.91, +16% year-over-year.
- FY25 revenue of $5.375 billion, +8% reported (7% core); EPS of $7.16, +14%; record free cash flow of $1.3 billion; returned $375 million via buybacks; board authorized an additional $1.5 billion repurchase program.
- Communication Solutions Group revenue of $990 million, +11% reported (9% core) with a 27% operating margin; Electronic Industrial Solutions Group revenue of $429 million, +9% reported (8% core) with a 25% operating margin.
- Q1 FY26 guidance: revenue of $1.53–$1.55 billion (+19% YoY) and EPS of $1.95–$2.01; FY26 revenue ex-acquisitions at/above the high end of the 5–7% target; recent acquisitions (Spirent, Synopsys Optical Solutions, Ansys PowerArtist) to add $375 million of revenue and drive >$100 million of synergies.
Nov 24, 2025, 9:30 PM
Keysight announces Q4 2025 results
KEYS
Earnings
Guidance Update
Share Buyback
- Q4 revenue of $1,419 million (+10% reported, +9% core) and orders of $1,533 million (+14% reported, +12% core).
- Q4 net income of $331 million and EPS of $1.91, up 16% year-over-year.
- Communication Solutions Group revenue of $990 million (+11% reported, +9% core) and Electronic Industrial Solutions Group revenue of $429 million (+9% reported, +8% core).
- FY25 revenue of $5,375 million (+8% reported, +7% core), EPS of $7.16 (+14%), record free cash flow of $1.3 billion, and board approval of an additional $1.5 billion share repurchase program.
- Q1 FY26 revenue guidance of $1,530–$1,550 million (≈19% yoy midpoint, 10% ex-acquisitions) and EPS guidance of $1.95–$2.01; FY26 revenue ex-acquisitions expected at or above the high end of the 5–7% long-term target.
Nov 24, 2025, 9:30 PM
Keysight announces Q4 2025 earnings and guidance
KEYS
Earnings
Guidance Update
M&A
- Q4 revenue of $1,419 million rose 10% and EPS reached $1.91, up 16% year-over-year.
- FY 2025 revenue was $5,375 million (+8%) with EPS of $7.16 (+14%).
- Q1 2026 guidance calls for $1,530–1,550 million in revenue (19% YoY at midpoint) and EPS of $1.95–2.01.
- Completed acquisitions of Spirent, Synopsys’ Optical Solutions Group, and Ansys’ PowerArtist, expected to add $375 million in revenue and $100 million of synergies in FY 2026.
- Board authorized an additional $1.5 billion share repurchase program; Keysight repurchased $375 million of stock in FY 2025, including $100 million in Q4.
Nov 24, 2025, 9:30 PM
Keysight Technologies Q4 2025 results beat estimates
KEYS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Q3 revenue rose 10.3% year-over-year to $1.42 billion, and Q4 adjusted EPS reached $1.91, both topping Wall Street forecasts.
- Management projects Q4 2025 revenue of $1.54 billion and adjusted EPS of $1.98, exceeding analyst estimates.
- Operating margin narrowed to 15.3% from 17.9%, while free cash flow margin declined to 13.2% from 24.9%.
- Shares jumped nearly 9% in extended trading, and closed up 2.87% at $177.67, marking a second consecutive day of gains.
- Guidance calls for an 18.6% year-over-year sales increase in the next quarter, signaling management’s confidence in demand recovery.
Nov 23, 2025, 11:03 PM
Keysight acquires Spirent, Optical Solutions Group, and PowerArtist
KEYS
M&A
- Acquires Spirent, Optical Solutions Group, and PowerArtist in a $1.7B deal to advance its software-centric solutions strategy
- Adds $375M of revenue with aggregate gross margins above 75%, expected to be EPS accretive within 12 months
- Post-transaction cash balance exceeds $1.5B with net leverage below 1X, funded from balance sheet cash
- Expands simulation, design, and emulation capabilities across communications, aerospace, defense, and automotive, aligning with AI, 6G, and satellite growth drivers
Oct 20, 2025, 9:00 PM
Keysight completes acquisition of Synopsys’ Optical Solutions Group and Ansys’ PowerArtist
KEYS
M&A
- Keysight announced the completion of its acquisitions of Optical Solutions Group from Synopsys and PowerArtist from Ansys to broaden its design engineering software portfolio.
- The Optical Solutions Group brings advanced optical design and analysis tools such as CODE V, LightTools, LucidShape, ImSym, and RSoft for photonic and optoelectronic simulations.
- PowerArtist adds a comprehensive RTL pre-synthesis power analysis platform, enhancing early-stage semiconductor power reduction capabilities.
- These strategic additions strengthen Keysight’s system-level, multi-physics simulation capabilities, enabling faster and more accurate design decisions across RF, analog, digital, photonics, and optics.
Oct 17, 2025, 12:30 PM
Quarterly earnings call transcripts for Keysight Technologies.
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