Keysight Technologies, Inc. (KEYS) AI Stock Analysis

Keysight Technologies, Inc. specializes in delivering advanced electronic design and test solutions across industries worldwide, including commercial communications, networking, aerospace, defense, automotive, energy, semiconductor, electronics, and education. Operating through its Communications Solutions Group, the company provides electronic design automation (EDA) software, RF and microwave test solutions, network test platforms, oscilloscopes, logic analyzers, and optical testing equipment. Its Electronic Industrial Solutions Group supplies design tools, digital multimeters, function generators, and thermal imagers for applications ranging from circuit board assembly to semiconductor parametric testing. Keysight also offers customer support, technical assistance, training programs, and consulting services.

Keysight recorded a 5-year revenue CAGR of 5.0% from FY2020 to FY2025. Annual revenue rose 17.1% in FY2021 to $4.94B, reached $5.42B in FY2022, and stood at $5.46B in FY2023. Revenue fell 8.9% in FY2024 to $4.98B as net income declined to $614.0M, before rebounding 8.0% in FY2025 to $5.38B with net income of $846.0M and a gross margin of 62.1%. Over the trailing twelve months, revenue reached $6.58B with a profit margin of 19.1% and operating margin of 25.7%. In the latest quarter ended July 31, 2026, quarterly revenue increased 36.5% year over year and quarterly earnings grew 109.1%.

As of July 31, 2026, Keysight held $2.60B in cash and short-term investments against total debt of $2.75B, leaving net debt of $141.0M. The company reported a current ratio of 2.02, total assets of $11.92B, and shareholders' equity of $6.57B, resulting in a debt-to-equity ratio of 0.42. In FY2025, operating cash flow was $1.41B and free cash flow was $1.28B. Capital expenditures totaled $128.0M, while $377.0M was deployed for share buybacks, contributing to a 5-year share count change of -7.0%.

At its last close of $331.21 on October 16, 2026, Keysight had a market cap of $56.39B and an enterprise value of $60.30B. The stock traded at a trailing P/E of 44.8x and an EV/EBITDA of 31.5x, above the median of its S&P 500 Technology peers of 30.8x and 19.5x. Its forward P/E of 22.4x also exceeds the peer median of 20.3x, while its PEG ratio sits at 0.70. Over the past year, Keysight gained 103.9%, compared to a 16.8% return for the S&P 500 SPY.

Wall Street coverage includes 7 Strong Buy, 3 Buy, and 2 Hold ratings, with no Sell or Strong Sell ratings. The mean price target of $418.00 sits 26.2% above the last close of $331.21. For the current fiscal year ending October 31, 2026, consensus estimates project EPS of $11.47 on revenue of $7.12B, reflecting estimated annual EPS growth of 60.2%. Keysight has beaten EPS estimates in each of the last 4 quarters, and its next earnings date is November 23, 2026.

This page is an AI-written research summary of Keysight Technologies, Inc. (KEYS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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