Keysight Technologies, Inc.

Keysight Technologies, Inc. Earnings Recaps

KEYS Information Technology 3 recaps
Next earnings: August 18, 2026 (estimated) · full calendar
Q2 2026 May 21, 2026

Keysight's shares edged up modestly by 0.5% after reporting solid revenue and order growth alongside raised guidance, though the market reaction suggests the results were largely in line with expectations without a marked upside surprise.

Key takeaways
  • Q2 orders surged 56% year-over-year, surpassing $2 billion, reflecting strong demand across communications and industrial end markets.
  • Revenue grew 31% year-over-year, driven by a 35% increase in Communications Solutions, including AI-related data center investments and optical networking.
  • Earnings per share rose 69% and free cash flow hit a record $472 million, underscoring operational efficiency and cash generation.
  • Management raised fiscal 2026 revenue growth expectations to the high 20s percent, supported by continued momentum in AI infrastructure and 6G wireless developments.
  • No significant margin pressures or cautionary outlook adjustments were highlighted that would have materially altered the market’s neutral-to-modest positive response.
Full recap
Q1 2026 Feb 24, 2026

Keysight Technologies reported a strong Q1 2026, with revenues and earnings per share surpassing guidance, driven by robust demand across multiple sectors, including communications and aerospace.

Key takeaways
  • Revenue growth of 27% led by significant orders in commercial communications, particularly wireline, which outpaced wireless for the first time.
  • Continued investments in AI infrastructure and optical interconnect technologies position Keysight to capture future market opportunities in next-gen systems.
  • The company saw growth across the aerospace, defense, and government sectors, reflecting increased global focus on defense modernization.
  • Notable advances in non-terrestrial networks and 6G R&D highlight Keysight's leadership in emerging technologies and their applications.
  • The upcoming participation in major industry events underscores Keysight's commitment to showcasing its innovative solutions and partnerships.
Full recap
Q4 2025 Nov 25, 2025

Keysight Technologies reported a strong fourth quarter for Fiscal Year 2025, with orders up 14%, revenue growth of 10%, and a 16% increase in EPS, all surpassing company guidance.

Key takeaways
  • Established record free cash flow of $1.3 billion, enabling robust investments in R&D and a new $1.5 billion share repurchase program.
  • Communication Solutions Group orders grew for the sixth consecutive quarter, bolstered by AI infrastructure and advancements in optical technology.
  • Continued strong performance in wireless sectors, with high single-digit growth driven by standards evolution and early 6G research collaborations.
  • Defense and government segment saw record orders, reflecting increased demand for modernization and advanced technology solutions in a competitive global security landscape.
  • Successful integration of recent acquisitions is enhancing Keysight's capabilities and market offerings, particularly in software-centric solutions.
Full recap