Keysight Technologies Inc (KEYS)
NYSE:KEYS
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Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
2.48Last Year’s EPS
1.72Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
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
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).
KEYS Earnings History
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.
FAQ
When does Keysight Technologies Inc (KEYS) report earnings?
Keysight Technologies Inc (KEYS) is schdueled to report earning on Aug 19, 2026, After Close (Confirmed).
What is Keysight Technologies Inc (KEYS) earnings time?
Keysight Technologies Inc (KEYS) earnings time is at Aug 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KEYS EPS forecast?
KEYS EPS forecast for the fiscal quarter 2026 (Q3) is 2.48.
