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Keysight Technologies Inc (KEYS)

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Upturn Advisory Summary
02/27/2026: KEYS (3-star) is a STRONG-BUY. BUY since 80 days. Simulated Profits (65.07%). Updated daily EoD!
1 Year Target Price $294.77
1 Year Target Price $294.77
| 6 | Strong Buy |
| 5 | Buy |
| 1 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 52.58B USD | Price to earnings Ratio 53.78 | 1Y Target Price 294.77 |
Price to earnings Ratio 53.78 | 1Y Target Price 294.77 | ||
Volume (30-day avg) 13 | Beta 1.2 | 52 Weeks Range 121.43 - 311.81 | Updated Date 02/27/2026 |
52 Weeks Range 121.43 - 311.81 | Updated Date 02/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 5.69 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-02-24 | When - | Estimate 1.98 | Actual 2.17 |
Profitability
Profit Margin 16.95% | Operating Margin (TTM) 15.5% |
Management Effectiveness
Return on Assets (TTM) 5.8% | Return on Equity (TTM) 17.22% |
Valuation
Trailing PE 53.78 | Forward PE 21.88 | Enterprise Value 30230340574 | Price to Sales(TTM) 9.26 |
Enterprise Value 30230340574 | Price to Sales(TTM) 9.26 | ||
Enterprise Value to Revenue 5.77 | Enterprise Value to EBITDA 22.1 | Shares Outstanding 171517760 | Shares Floating 170889460 |
Shares Outstanding 171517760 | Shares Floating 170889460 | ||
Percent Insiders 0.82 | Percent Institutions 93.88 |
Upturn AI SWOT
Keysight Technologies Inc

Company Overview
History and Background
Keysight Technologies Inc. was established in 1939 as part of Hewlett-Packard (HP). It was spun off from HP on November 1, 2014, to become an independent, publicly traded company. Keysight inherited HP's Electronic Measurement business, focusing on test and measurement solutions for various industries.
Core Business Areas
- Communications Solutions Group (CSG): Provides solutions for the design, verification, and manufacturing of wireless communication devices and infrastructure, including 5G, IoT, and aerospace/defense.
- InfiniiVision and Scienlab: Focuses on general-purpose electronic measurement solutions, oscilloscopes, logic analyzers, and power supplies for R&D, education, and manufacturing. Also includes Battery test solutions.
- PathWave: An integrated software platform that streamlines the design, test, and measurement workflow across the entire product lifecycle.
Leadership and Structure
Keysight is led by a management team that includes a CEO, CFO, and heads of various business units and functional areas. The company is structured around its core business segments and global sales and support operations.
Top Products and Market Share
Key Offerings
- Oscilloscopes: High-performance oscilloscopes for analyzing complex electronic signals in real-time. Competitors include Tektronix, Rohde & Schwarz, and LeCroy (Teledyne).
- Spectrum Analyzers: Instruments used to measure and analyze the spectral content of electronic signals, critical for wireless communications and radar. Competitors include Rohde & Schwarz, Anritsu, and Advantest.
- Network Analyzers: Tools for measuring and characterizing the performance of electronic components and circuits, essential for RF and microwave design. Competitors include Rohde & Schwarz, Anritsu, and Copper Mountain Technologies.
- Signal Generators: Devices that produce electrical signals used in testing and designing electronic equipment. Competitors include Rohde & Schwarz, Anritsu, and National Instruments.
- Software Solutions (PathWave): A suite of software tools that enhance the design, test, and measurement workflow, including electronic design automation (EDA), test automation, and data analytics. Competitors include Altium, Cadence Design Systems, and Siemens EDA.
Market Dynamics
Industry Overview
Keysight operates in the electronic test and measurement (T&M) industry, which is driven by advancements in wireless communications (5G, 6G), automotive electronics, IoT, defense, and digital transformation. The industry is characterized by high technological complexity, continuous innovation, and demand for precision and reliability.
Positioning
Keysight is a leading global provider of electronic measurement solutions. Its competitive advantages include a broad portfolio of high-performance instruments, a strong reputation for quality and innovation, a significant installed base, and a growing software and services offering. Its focus on emerging technologies like 5G and AI positions it well for future growth.
Total Addressable Market (TAM)
The global electronic test and measurement market is estimated to be worth tens of billions of dollars and is projected to grow steadily, driven by R&D investments and the adoption of new technologies. Keysight is a significant player within this TAM, with a strong market share in key segments.
Upturn SWOT Analysis
Strengths
- Strong brand reputation and legacy inherited from Hewlett-Packard.
- Broad and deep product portfolio in test and measurement.
- Strong focus on high-growth areas like 5G, IoT, and automotive.
- Robust R&D capabilities and continuous innovation.
- Significant installed base of instruments and established customer relationships.
Weaknesses
- Reliance on capital equipment spending by customers, which can be cyclical.
- Competition from both established players and niche providers.
- Complexity of its product and service offerings can require significant customer expertise.
Opportunities
- Growth in 5G and future wireless technologies (6G).
- Increasing adoption of IoT devices and related testing needs.
- Expansion in automotive electronics testing (ADAS, EVs).
- Growth in software-based solutions and services.
- Opportunities in emerging markets and advanced research areas.
Threats
- Economic downturns impacting customer capital expenditure.
- Intensifying competition, particularly from low-cost providers.
- Rapid technological obsolescence requiring constant innovation.
- Geopolitical risks and trade tensions affecting global supply chains and market access.
Competitors and Market Share
Key Competitors
- Tektronix (Danaher)
- Rohde & Schwarz
- Anritsu Corporation
- Viavi Solutions Inc. (VIAV)
- Advantest Corporation
Competitive Landscape
Keysight's advantages lie in its comprehensive product portfolio, advanced technology, and strong customer relationships. It competes by offering high-performance, reliable solutions and a growing suite of software and services. However, competitors offer strong alternatives, especially in specific niche areas or at different price points.
Major Acquisitions
Spirent Communications plc
- Year: 2024
- Acquisition Price (USD millions): 1160
- Strategic Rationale: To expand Keysight's capabilities in 5G, cloud, and satellite communications testing, enhancing its leadership in network testing and security.
Viavi Solutions Inc. (certain assets)
- Year: 2023
- Acquisition Price (USD millions): 210
- Strategic Rationale: To strengthen Keysight's portfolio in optical network testing and measurement, particularly for telecommunications infrastructure.
Testo Industrial Services GmbH
- Year: 2023
- Acquisition Price (USD millions): 180
- Strategic Rationale: To enhance Keysight's service capabilities and expand its reach in the industrial sector, particularly in Germany.
Growth Trajectory and Initiatives
Historical Growth: Keysight has experienced robust historical growth, driven by its strategic focus on high-demand technology markets and its ability to innovate and expand its product and software offerings.
Future Projections: Analyst estimates project continued revenue and earnings growth, supported by ongoing advancements in 5G, AI, automotive, and digital transformation. Investments in emerging technologies and software are expected to be key growth drivers.
Recent Initiatives: Keysight has actively pursued strategic acquisitions to expand its capabilities, particularly in areas like automotive cybersecurity, software, and advanced measurement technologies. The company continues to invest heavily in R&D and expand its global sales and support network.
Summary
Keysight Technologies Inc. is a strong player in the electronic test and measurement market, benefiting from innovation in high-growth sectors like 5G and automotive. Its comprehensive product suite, robust R&D, and strategic acquisitions fuel its growth trajectory. Potential challenges include economic cyclicality and intense competition. Continued focus on software solutions and emerging technologies will be crucial for sustained success.
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Sources and Disclaimers
Data Sources:
- Keysight Technologies Inc. Investor Relations
- Annual Reports (10-K)
- Quarterly Reports (10-Q)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Industry Research Reports
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Market share data and TAM figures are estimates and can vary depending on the source and methodology.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Keysight Technologies Inc
Exchange NYSE | Headquaters 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 16800 | Website https://www.keysight.com |
Full time employees 16800 | Website https://www.keysight.com | ||
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.

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