Reading the tape
NYSE: KEYS
Keysight Technologies, Inc.
Technology · Hardware, Equipment & Parts
Market Cap
$62.83B
52w High
$370.18
52w Low
$152.85
P/E
65.78
Volume
1.28M
Outstanding Shares
171.50M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 125.27%Revenue (TTM): 13.13%FCF (TTM): 48.7%P/FCF: 100th pct
What changed
The stock rose 125.27% over the last year. Revenue grew 13.13% over the trailing twelve months. Operating margin moved from 16.54% to 15.96%. Free cash flow grew 48.7% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 15.96% — continued expansion would be needed to justify the premium. Revenue growth of 13.13% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific.
CEOSatish C. Dhanasekaran
SectorTechnology
IndustryHardware, Equipment & Parts
Employees15,400
IPO dateOct 20, 2014
Valuation
Forward P/E—
EV/EBITDA22.98
Enterprise value$32.75B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth23.27%
Gross margin61.86%▼1.34%vs FY2024
Operating margin15.96%▲5.42%vs FY2024
ROE14.4%▲19.69%vs FY2024
Analyst consensus
RatingBuy
Target price$289.25▼21.05%
12
Buy
3
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 19, 2026
Q2 FY26 · EPS est $2.33 · Revenue est $1.71B
View
Congressional Activity
Congress Trades in KEYS
STOCK Act disclosures from senators and representatives.
Michael McCaul
TXhouseRepublicanPurchaseSpouse2026-04-17$15,001 - $50,000+24d to disclose