KEYS Stock Analysis: Keysight Technologies | NYSE
Scientific & Technical Instruments | NYSE, USA | Market Cap: 56.166m USD | 12M Return: 89.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 504M
EPS Trend: -29.7%
Qual. Beats: 2
Rev. Trend: 30.4%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Keysight Technologies (NYSE: KEYS) is a global provider of electronic design and test solutions, operating through two segments: the Communications Solutions Group and the Electronic Industrial Solutions Group. The company offers electronic design automation (EDA) software, instrumentation, and systems used across the full product lifecycle-from design, simulation, and validation through manufacturing, installation, and optimization-serving end markets including wireless communications, data centers, aerospace and defense, automotive, semiconductor, and general electronics.
In addition to hardware and software products such as oscilloscopes, signal generators, analyzers, modular instruments, and network test solutions, Keysight delivers a broad services portfolio that includes installation, training, engineering consulting, calibration, repair, test-as-a-service, and its KeysightCare support plans. Founded in 1939 and headquartered in Santa Rosa, California, the company traces its heritage to Hewlett-Packards test and measurement organization and was spun off as a standalone entity in 2014.
As a large-cap Information Technology company in the Electronic Equipment & Instruments sub-industry, Keysight operates within the global electronic test and measurement (T&M) market, which is characterized by a concentrated competitive landscape alongside other major players such as Rohde & Schwarz, Anritsu, and Teledyne Technologies. The business model is anchored in selling capital equipment and software tools that are essential to R&D and production workflows for electronics and communications customers, supplemented by recurring service, support, and software revenue streams.
- AI data center test demand accelerates networking revenue growth
- Aerospace and defense backlog expands on elevated government spending
- China demand softens amid US export control headwinds
| Net Income: 1.05b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -0.45 > 1.0 |
| NWC/Revenue: 39.31% < 20% (prev 75.41%; Δ -36.10% < -1%) |
| CFO/TA 0.13 > 3% & CFO 1.49b > Net Income 1.05b |
| Net Debt (575.0m) to EBITDA (1.44b): 0.40 < 3 |
| Current Ratio: 1.90 > 1.5 & < 3 |
| Outstanding Shares: last quarter (173.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 63.67% > 18% (prev 62.47%; Δ 1.20% > 0.5%) |
| Asset Turnover: 54.67% > 50% (prev 48.49%; Δ 6.18% > 0%) |
| Interest Coverage Ratio: 11.24 > 6 (EBIT TTM 1.24b / Interest Expense TTM 110.0m) |
| A: 0.20 (Total Current Assets 5.04b - Total Current Liabilities 2.65b) / Total Assets 11.7b |
| B: 0.66 (Retained Earnings 7.71b / Total Assets 11.7b) |
| C: 0.11 (EBIT TTM 1.24b / Avg Total Assets 11.1b) |
| D: 1.17 (Book Value of Equity 6.33b / Total Liabilities 5.41b) |
| Altman-Z'' = 5.45 = AAA |
| DSRI: 1.00 (Receivables 1.02b/856.0m, Revenue 6.09b/5.11b) |
| GMI: 0.98 (GM 62.47% / 63.67%) |
| AQI: 1.26 (AQ_t 0.49 / AQ_t-1 0.39) |
| SGI: 1.19 (Revenue 6.09b / 5.11b) |
| TATA: -0.04 (NI 1.05b - CFO 1.49b) / TA 11.7b) |
| Beneish M = -2.75 (Cap -4..+1) = A |
As of July 03, 2026, the stock is trading at USD 313.86 with a total of 1,880,802 shares traded. Over the past week, the price has changed by -12.83%, over one month by -9.44%, over three months by +7.77% and over the past year by +89.62%.
Current recommended Stop Loss: 295.40 (which is 5.9% or 1.2 ATR below the current price).
Keysight Technologies has received a consensus analysts rating of 4.23. Therefore, it is recommended to buy KEYS.
- StrongBuy: 6
- Buy: 5
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 383.1 | 22.1% |
P/E Trailing = 52.9243
P/E Forward = 31.5457
P/S = 9.2258
P/B = 8.8717
P/EG = 1.4144
Revenue TTM = 6.09b USD
EBIT TTM = 1.24b USD
EBITDA TTM = 1.44b USD
Long Term Debt = 1.83b USD (from longTermDebt, last quarter)
Short Term Debt = 751.0m USD (from shortTermDebt, last quarter)
Debt = 2.99b USD (from shortLongTermDebtTotal, last quarter) + Leases 228.0m
Net Debt = 575.0m USD (calculated: Debt 2.99b - CCE 2.41b)
Enterprise Value = 56.7b USD (56.2b + Debt 2.99b - CCE 2.41b)
Interest Coverage Ratio = 11.24 (Ebit TTM 1.24b / Interest Expense TTM 110.0m)
EV/FCF = 39.21x (Enterprise Value 56.7b / FCF TTM 1.45b)
FCF Yield = 2.55% (FCF TTM 1.45b / Enterprise Value 56.7b)
FCF Margin = 23.77% (FCF TTM 1.45b / Revenue TTM 6.09b)
Net Margin = 17.25% (Net Income TTM 1.05b / Revenue TTM 6.09b)
Gross Margin = 63.67% ((Revenue TTM 6.09b - Cost of Revenue TTM 2.21b) / Revenue TTM)
Gross Margin QoQ = 68.61% (prev 62.19%)
Tobins Q-Ratio = 4.83 (Enterprise Value 56.7b / Total Assets 11.7b)
Interest Expense / Debt = 3.68% (Interest Expense 110.0m / Debt 2.99b)
Taxrate = 8.99% (106.0m / 1.18b)
NOPAT = 1.12b (EBIT 1.24b * (1 - 8.99%))
Current Ratio = 1.90 (Total Current Assets 5.04b / Total Current Liabilities 2.65b)
Debt / Equity = 0.47 (Debt 2.99b / totalStockholderEquity, last quarter 6.33b)
Debt / EBITDA = 0.40 (Net Debt 575.0m / EBITDA 1.44b)
Debt / FCF = 0.40 (Net Debt 575.0m / FCF TTM 1.45b)
Total Stockholder Equity = 6.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.43% (Net Income 1.05b / Total Assets 11.7b)
RoE = 17.44% (Net Income TTM 1.05b / Total Stockholder Equity 6.02b)
RoCE = 15.74% (EBIT 1.24b / Capital Employed (Equity 6.02b + L.T.Debt 1.83b))
RoIC = 11.80% (NOPAT 1.12b / Invested Capital 9.54b)
WACC = 12.25% (E(56.2b)/V(59.2b) * Re(12.72%) + D(2.99b)/V(59.2b) * Rd(3.68%) * (1-Tc(0.09)))
Discount Rate = 12.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -74.74 | Cagr: -0.76%
[DCF] Terminal Value 64.30% ; FCFF base≈1.41b ; Y1≈1.50b ; Y5≈1.79b
[DCF] Fair Price = 92.92 (EV 16.5b - Net Debt 575.0m = Equity 15.9b / Shares 170.9m; r=12.25% [WACC]; 5y FCF grow 7.50% → 2.50% )
EPS Correlation: -29.70 | EPS CAGR: -4.95% | SUE: 3.35 | # QB: 2
Revenue Correlation: 30.43 | Revenue CAGR: 2.06% | SUE: 0.82 | # QB: 0
EPS current Quarter (2026-07-31): EPS=2.48 | Chg30d=+0.00% | Revisions=+76% | Analysts=13
EPS current Year (2026-10-31): EPS=10.19 | Chg30d=+0.00% | Revisions=+76% | GrowthEPS=+42.4% | GrowthRev=+28.3%
EPS next Year (2027-10-31): EPS=11.86 | Chg30d=+0.00% | Revisions=+76% | GrowthEPS=+16.3% | GrowthRev=+11.1%
[Analyst] Revisions Ratio: +76%