Keysight Technologies Inc logo

Keysight Technologies Inc(KEYS)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
4-STAR RATING
STRONG BUY
BUY for 3 days
PROFIT SINCE LAST BUY
+0.62% ▲
LAST CLOSE
$359.74
09/28/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for KEYS

09/28/2026: KEYS (4-star) is a STRONG-BUY. BUY for 3 days. Simulated Profits (0.62%). Updated daily EoD!

Keysight Technologies is a specialized provider of electronic test and measurement solutions essential for the communications, automotive, and semiconductor industries. The company has a leading position in hardware-based testing and is successfully transitioning toward a more profitable, software-centric subscription model. Key growth opportunities stem from secular trends like 5G/6G and vehicle electrification, which require complex validation. However, the company faces risks from cyclical R&D spending and intense competition. Keysight is best suited for growth investors looking for exposure to engineering-heavy markets, though it lacks dividend income. Investors should monitor the integration of recent acquisitions and global R&D spending trends for signs of sustained growth.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company benefits from long-term secular growth in digital transformation and connectivity.
Momentum investorMixed fitMomentum depends on current industry cycles in semiconductors and industrial spending.
Value investorMixed fitValuation is often tied to high-growth tech multiples rather than traditional value metrics.
Dividend investorWeak fitKeysight does not pay a dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitExposure to volatile tech and industrial sectors results in moderate to high price risk.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock is subject to fluctuations based on sector-specific demand and interest rate changes.
Valuation riskMediumShares often trade at premium multiples requiring sustained earnings growth.
Competition risk (Tech and Industrial peers)Medium / highContinuous innovation is required to maintain market share against agile competitors.
Business qualityStrongKeysight has built a durable, high-margin franchise in specialized testing equipment.
Dividend incomeLow / noneThere is no dividend income stream for investors.
Execution riskMediumSuccess depends on effectively integrating acquisitions and delivering new software platforms.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 19.82%
Avg. Invested days 42
Today’s Advisory Strong Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
KEYS receives a 4-star rating, supported by solid unit economics, solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
KEYS has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+37.8%) and strong cash generation (FCF margin 23.8%) are partially offset by moderate revenue growth (+8.0%), very low insider ownership of 0.58%.

Financial Health Rating

★★★★★
KEYS's financial health is supported by strong cash strength, including free-cash-flow generation of $1.3B (23.8% of revenue). Operating efficiency is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is KEYS's strongest growth driver at +42.7% FY2025 versus FY2024 (strong, 5 stars). By comparison, earnings growth (+37.8%, strong) is also strong, while revenue growth (+8.0%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 93.0% and approximately 99.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.58%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 10.93%
T. Rowe Price Associates, Inc. 8.78%
Vanguard Capital Management, LLC 6.55%
Vanguard Portfolio Management, LLC 5.06%
State Street Corp 4.70%

Unit Economics (Per $1K Revenue)

★★★★★
KEYS generates approximately $621 of gross profit, $176 of operating income, and $238 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins and strong cash conversion support the rating, although capital efficiency remains moderate.

Economic Dimensions

★★★★★
Effective Tax Rate: 19.69%

Quantitative Style Profile

★★★★★
KEYS has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while soft valuation.

Style Classification

Quality Focused

Quality TiltHigh VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 61.65B USD
Price to earnings Ratio 49.01
1Y Target Price 415.08
Price to earnings Ratio 49.01
1Y Target Price 415.08
Volume (30-day avg) 1.3M shares
Beta 1.21
52 Weeks Range 158.79 - 374.96
Updated Date 09/27/2026
52 Weeks Range 158.79 - 374.96
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) 7.39

How Company Makes Money

Business areaWhat it includesRetail investor read
Communications SolutionsHardware and software for 5G, 6G, and aerospace testing.This is their core business, benefiting from the global race to upgrade telecom infrastructure.
Electronic Industrial SolutionsAutomotive, semiconductor, and energy/EV testing tools.This segment captures growth from the transition to electric vehicles and advanced electronics.
Geography (Americas, Europe, Asia)Global sales distribution across major tech hubs.The company has significant international exposure, making it sensitive to global supply chain and trade shifts.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 49.01
Forward PE 22.42
Enterprise Value 60.30B
Price to Sales(TTM) 9.37
Enterprise Value 60.30B
Price to Sales(TTM) 9.37
Enterprise Value to Revenue 9.16
Enterprise Value to EBITDA 31.47
Shares Outstanding 170.24M
Shares Floating 169.11M
Shares Outstanding 170.24M
Shares Floating 169.11M
Percent Insiders 0.58
Percent Institutions 92.98

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Keysight Technologies Inc

Exchange NYSE
Headquarters Santa Rosa, CA, United States
IPO Launch date 2014-11-03
President, CEO & Director Mr. Satish C. Dhanasekaran
Sector Technology
Industry Scientific & Technical Instruments
Full time employees 16600
Full time employees 16600

Keysight Technologies, Inc. provides electronic design and test solutions worldwide. The company operates through Communications Solutions Group and Electronic Industrial Solutions Group segments. It offers electronic design and test software, instrumentation, systems, and related services used in the design, simulation, validation, manufacturing, installation, and optimization of communication systems in wireless, data center ecosystem, enterprise, and aerospace, defense, and government end markets. The company also develops and deploys communications products and services; and operates communications networks. In addition, it provides electronic design, test and simulation software, instrumentation, systems, computer-aided engineering solutions, and related services used in the design, simulation, validation, manufacturing, installation, and optimization of electronic equipment in the automotive and energy, semiconductor solutions, and general electronics industries. Further, the company offers product support; technical and application support for hardware, software, and solutions; and professional services, such as installation, training, engineering, optimization of equipment and solution adoption, utilization, and integration services. Additionally, it provides oscilloscopes; generators, sources and power supplies; software products; analyzers; wireless products; network test and security; modular instruments; meters; network visibility; and other products, as well as KeysightCare support plans, calibration, repair, technology refresh, test as a service, network/security, consulting, financial alternatives, education, software testing, support, managed, device vulnerability analysis, support portal, and used equipment services. Keysight Technologies, Inc. was founded in 1939 and is headquartered in Santa Rosa, California.