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Keysight Technologies (KEYS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 19, 2026

After Close (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

2.48

Last Year’s EPS

1.72

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 11 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:May 19, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a strongly positive operational and financial performance with record orders, revenue, EPS, and free cash flow coupled with raised full-year revenue expectations and robust AI and wireline momentum. Management highlighted broad-based demand across communications, semiconductors, aerospace/defense and industrial markets, a strong funnel, and progress on acquisition synergies. The main negatives were tariff-related one-time accounting impacts complicating comparability, a modest sequential Q3 midpoint dip, higher near-term CapEx to support ramps, and questions about the sustainability of elevated incremental margins and the timing of acquisition revenue pickup.

Company Guidance

Keysight guided Q3 FY2026 revenue of $1.73–$1.75 billion (midpoint $1.74B, ~29% year‑over‑year growth at the midpoint) and Q3 EPS of $2.43–$2.49 (midpoint $2.46, ~43% YoY growth at the midpoint) based on a weighted diluted share count of ~173 million shares; for the full year they now expect revenue growth in the high‑20s percent range with a historically typical sequential revenue increase into Q4, increased FY2026 capital expenditures of $200 million, about $375 million of FY2026 revenue contribution from recent acquisitions, more than $100 million of cost synergies and operational efficiencies (with roughly 80% of those synergies expected on a run‑rate basis exiting the fiscal year), and said acquisition integrations remain on track.

Record Quarter & First Half

Keysight reported its best quarter in company history and a record first half: Q2 orders $2.05B (up 56% reported; core +48%), Q2 revenue $1.72B (up 31% reported; core +24%) and reported EPS $2.87 (Satish noted EPS growth of 69%).

Strong Adjusted Financial Performance

Excluding one-time tariff impacts, Q2 revenue was $1.76B (up 35% YoY), adjusted gross margin 67.6% (up 300 bps YoY) and adjusted EPS $2.58 (up 52% YoY). Net income was $497M.

Outstanding Cash Generation & Capital Actions

Record operating cash flow $501M and record free cash flow $472M. Ending cash & equivalents $2.41B. Repurchased ~780k shares for ~$220M at an average $283 per share.

Raised Fiscal 2026 Revenue Outlook and Q3 Guide

Company raised FY26 revenue expectation to 'high-20s percent' growth. Q3 revenue guide $1.73B–$1.75B (~29% YoY at midpoint) and Q3 EPS guide $2.43–$2.49 (~43% YoY at midpoint).

Segment Strength — Communication Solutions Group (CSG)

CSG revenue $1.23B, up 35% reported and up 27% core. CSG gross margin 74.1% and operating margin 33.4%. Broad strength across commercial communications and aerospace/defense.

Record Electronic Industrial Solutions Group (EISG)

EISG delivered a record quarter with revenue $486M (up 24% YoY) and operating margin 33.1%, with strong performance across general electronics, semiconductors, and automotive & energy.

AI & Wireline Momentum

Management reported AI-related business in 1H26 already surpassed full-year 2025 levels (AI portion sized at ~$500–$600M for the first half). Wireline delivered record orders driven by AI data center expansions, new scale-up and interconnect solutions, and 1.6T/3.2T technology adoption.

Software/ARR Mix & Improving Economics

Software and services represent ~36% of revenue and annual recurring revenue ~27% of mix. Management reported strong operating leverage (49% operating leverage) and unusually high incremental margins in the quarter (incrementals near ~50% on a core basis) driven by high growth and tight expense management.

Acquisition Integration & Synergies

Management reiterated FY26 contribution target of ~$375M revenue from recent acquisitions and >$100M in cost synergies, with ~80% of cost synergies expected to be realized on a run-rate basis exiting FY26.

Strong Pipeline & Customer Engagement

Management emphasized a broad, accelerating funnel and higher funnel velocity and conversion rates, with momentum across AI, semiconductors, aerospace/defense, and wireless (including NTN/LEO and 6G research).

Keysight Technologies (KEYS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KEYS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 19, 2026	2026 (Q3)	2.48 / -	1.72	―	―	―
May 19, 2026	2026 (Q2)	2.32 / 2.87	1.7	68.82% (+1.17)
Feb 23, 2026	2026 (Q1)	2.00 / 2.17	1.82	19.23% (+0.35)
Nov 24, 2025	2025 (Q4)	1.83 / 1.91	1.65	15.76% (+0.26)
Aug 19, 2025	2025 (Q3)	1.67 / 1.72	1.57	9.55% (+0.15)
May 20, 2025	2025 (Q2)	1.65 / 1.70	1.41	20.57% (+0.29)
Feb 25, 2025	2025 (Q1)	1.69 / 1.82	1.63	11.66% (+0.19)
Nov 19, 2024	2024 (Q4)	1.57 / 1.65	1.99	-17.09% (-0.34)
Aug 20, 2024	2024 (Q3)	1.35 / 1.57	2.19	-28.31% (-0.62)
May 20, 2024	2024 (Q2)	1.39 / 1.41	2.12	-33.49% (-0.71)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KEYS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 19, 2026	$344.11	$342.08	-0.59%
Feb 23, 2026	$245.00	$301.48	+23.05%
Nov 24, 2025	$177.67	$195.46	+10.01%
Aug 19, 2025	$163.48	$158.51	-3.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.