Keysight Technologies, Inc. (KEYS) Stock Price & Analysis
Keysight Technologies, Inc. (KEYS) closed at USD 311.52 on Thursday, October 22, 2026, down 8.74% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 341.35; the Oct 22, 2026 session ranged USD 309.53–332.42 on volume of 1,878,463 shares. Market capitalization is $53.03B, with a 52-week range of USD 164.53–389.93 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/KEYS.md
Key facts (KEYS)
- Last four reported quarters (through Jul 31, 2026): revenue $6.58B, net income $1.26B (19.1% margin), free cash flow $1.47B (SEC filings).
- Valuation: P/E 42.1x (avg 33.5x at the last 3 fiscal year-ends), EV/EBITDA 35.7x, net cash $88.0M.
- 5 of 80 tracked superinvestors hold KEYS (13F, Q2 2026): 2 new, 0 added, 3 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 9 Form 4 filings, $6.0M; 6 not under a Rule 10b5-1 plan ($4.5M); 0 by opportunistic insiders, 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.92 on a 1–5 scale) (12 analysts), mean target USD 418 (range 350–487).
- Total return with dividends: 1Y +85.0% vs S&P 500 +14.9%; 5Y +76.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-24, EPS estimate USD 3.38, revenue estimate $1.95B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (KEYS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.94B | $5.42B | $5.46B | $4.98B | $5.38B | $6.58B |
| Gross profit | $3.07B | $3.45B | $3.53B | $3.13B | $3.34B | — |
| Operating income | $1.08B | $1.33B | $1.36B | $833M | $876M | $1.33B |
| Net income | $894M | $1.12B | $1.06B | $614M | $850M | $1.26B |
| EPS (diluted) | $4.78 | $6.18 | $5.91 | $3.51 | $4.91 | — |
| Free cash flow | $1.15B | $959M | $1.21B | $898M | $1.28B | $1.47B |
| Gross margin | 62.1% | 63.7% | 64.6% | 62.9% | 62.1% | — |
| Operating margin | 21.9% | 24.6% | 24.9% | 16.7% | 16.3% | 20.3% |
| Net margin | 18.1% | 20.7% | 19.3% | 12.3% | 15.8% | 19.1% |
| Revenue growth | +17.1% | +9.7% | +0.8% | -8.9% | +8.0% | — |
| Cash + short-term investments | $2.05B | $2.04B | $2.47B | $1.80B | $1.87B | — |
| Total debt | $1.79B | $1.79B | $1.79B | $1.79B | $2.53B | — |
Fiscal years end Oct. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (KEYS)
P/E 42.1x · P/S 8.1x · EV/EBITDA 35.7x · EV/Sales 8.0x · P/FCF 36.1x · P/B 8.1x · FCF yield 2.77% · Earnings yield 2.38% · Buyback yield (TTM) 1.16% · Net cash $88.0M · EV $52.9B
P/E at fiscal year-ends: Oct 2025 37.2x, Oct 2024 42.5x, Oct 2023 20.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (KEYS)
5 of 80 tracked investors hold KEYS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Daniel Loeb | Third Point | 4.41% | $205M | New position |
| Francois Rochon | Giverny Capital | 1.68% | $50.1M | Reduced -55.7% |
| John Rogers | Ariel Investments | 0.51% | $51.0M | Reduced -28.7% |
| Jensen Investment Management | 0.08% | $3.2M | Reduced -46.2% | |
| Lee Ainslie | Maverick Capital | 0.01% | $801K | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (KEYS)
3 of 9 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-30 | Dhanasekaran Satish | President and CEO | 3,000 | $1.1M | 2.5% | No | Routine (sold in Dec each year 2023–2025; this trade is outside those months) |
| 2026-09-23 | Poole Lisa M. | VP and Controller | 200 | $70K | 3.2% | No | Too little history (no open-market trades in 2023) |
| 2026-09-21 | Dougherty Neil | EVP and CFO | 2,000 | $682K | 1.6% | No | Too little history (no open-market trades in 2024) |
| 2026-09-04 | Estrada Ingrid A | SVP | 2,000 | $652K | 1.9% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-21 | Nye Jean McClung | Director | 3,000 | $958K | 7.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-20 | Estrada Ingrid A | SVP | 2,000 | $629K | 1.9% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-30 | Estrada Ingrid A | SVP | 2,000 | $682K | 1.9% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-25 | Dhanasekaran Satish | President and CEO | 507 | $183K | 0.4% | Yes (adopted March 26, 2026) | Routine (sold in Dec each year 2023–2025; this trade is outside those months) |
| 2026-06-02 | Cullen James | Director | 3,000 | $1.0M | 12.1% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (KEYS)
Consensus Buy (mean 1.92 on a 1–5 scale), 12 analysts; mean target USD 418 (low 350, high 487).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | Goldman Sachs | Target raised | Buy | $452 → $487 |
| 2026-08-19 | JP Morgan | Target raised | Overweight | $400 → $425 |
| 2026-08-19 | Morgan Stanley | Target raised | Overweight | $400 → $425 |
| 2026-08-19 | UBS | Target raised | Buy | $420 → $440 |
| 2026-08-19 | Truist Securities | Target raised | Hold | $376 → $400 |
| 2026-08-19 | Barclays | Target raised | Overweight | $387 → $429 |
| 2026-08-19 | Wells Fargo | Target raised | Overweight | $390 → $405 |
| 2026-08-19 | Susquehanna | Target raised | Positive | $425 → $440 |
| 2026-08-19 | Baird | Target raised | Outperform | $385 → $410 |
| 2026-07-13 | Morgan Stanley | Upgrade | Equal-Weight → Overweight | $350 → $400 |
Total return (dividends reinvested) (KEYS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +85.0% | +76.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +85.4% | +12.0% |
| Volatility (annualized) | 44.8% | 35.4% |
| Max drawdown | -20.5% (Jun 2026→Jul 2026) | -42.2% (Dec 2021→Oct 2023) |
KEYS revenue by business segment (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Segments | $1.85B | 100.0% | +36.5% |
| — Communications Solutions Group (part of Total Segments) | $1.34B | 72.9% | +43.1% |
| — Electronic Industrial Solutions Group (part of Total Segments) | $501.0M | 27.1% | +21.6% |
| Total revenue | $1.85B | 100% | — |
KEYS revenue by product line (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Products | $1.46B | 79.3% | +43.1% |
| Service | $382.0M | 20.7% | +16.1% |
| Total revenue | $1.85B | 100% | — |
KEYS revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Asia Pacific | $810.0M | 43.9% | +42.4% |
| Americas | $729.0M | 39.5% | +28.8% |
| Europe | $307.0M | 16.6% | +41.5% |
| Total revenue | $1.85B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
Companies that name KEYS in their SEC reports
| Relationship to KEYS | Company | Filing | Sentence |
|---|---|---|---|
| supplier | SYNOPSYS INC (SNPS) | 10-K Dec 22, 2025 | “Our Other product group also includes revenue from Synopsys' Optical Solutions Group through October 17, 2025, the date it was divested to Keysight Technologies, Inc.” |
KEYS company outlook (results filed Aug 18, 2026)
- “Keysight's fourth fiscal quarter of 2026 revenue is expected to be in the range of $1.930 billion to $1.950 billion.”
- “Non-GAAP earnings per share for the fourth fiscal quarter of 2026 are expected to be in the range of $3.34 to $3.40, based on a weighted diluted share count of approximately 172 million shares.”
- “Webcast Keysight's management will present more details about its third quarter FY2026 financial results and its fourth quarter FY2026 outlook on a conference call with investors today at 1:30 p.m.”
Analysts expect $1.95B for the current quarter, 0.5% above the midpoint of the company's guidance ($1.94B).
Quoted word-for-word from the SEC 8-K results press release.
KEYS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $3.38 | $2.68 | +26.0% | $1.95B | 12 |
| Next quarter (ends Jan 2027) | $3.25 | $2.74 | +18.8% | $1.98B | 11 |
| Current fiscal year (ends Oct 2026) | $11.47 | $10.24 | +12.1% | $7.12B | 12 |
| Next fiscal year (ends Oct 2027) | $13.93 | $11.86 | +17.5% | $8.21B | 12 |
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 311.52 |
|---|---|
| Change | ▼ 8.74% (down) |
| Previous Close | USD 341.35 |
| Open | USD 331.11 |
| Day Range | USD 309.53 – 332.42 |
| 52-Week Range | USD 164.53 – 389.93 |
| Volume | 1,878,463 shares |
| Market Cap | $53.03B |
| Exchange | NYQ |
Technical Analysis (KEYS)
Nexqual's technical model rates KEYS "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 33.81 (neutral) |
| vs SMA50 | Below (USD 342.83) |
| MACD | -4.28 (negative) |
Analyst Ratings (KEYS)
Wall Street analysts rate KEYS "Buy" based on 12 analysts, with a mean price target of USD 418 (range USD 350–487), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 418 |
| High Target | USD 487 |
| Low Target | USD 350 |
| Buy / Hold / Sell | 10 / 2 / 0 |
Earnings (KEYS)
| Next Earnings Date | 2026-11-24 |
|---|---|
| EPS Estimate | USD 3.38 |
| Revenue Estimate | $1.95B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 3.07 vs est 2.48 ▲ beat |
| 2026-04-30 | USD 2.87 vs est 2.32 ▲ beat |
| 2026-01-31 | USD 2.17 vs est 2 ▲ beat |
| 2025-10-31 | USD 1.91 vs est 1.85 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (KEYS)
| Total Revenue | $6.58B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +36.50% |
| Gross Margin | +63.28% |
| Operating Margin | +25.68% |
| Profit Margin | +19.14% |
| ROE | +20.90% |
| Debt / Equity | 0.42 |
| Current Ratio | 2.02 |
| Total Cash | $2.60B |
| Total Debt | $2.77B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $1.47B (22.3% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (KEYS)
Nexqual rates Keysight Technologies, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 63%, operating 26% (last 12 months) |
| Balance Sheet | Strong — $2.60B cash and investments vs $2.52B debt (Jul 2026, SEC), net cash |
| Cash Flow | Strong — FCF $1.47B (last 4 quarters to Jul 2026, SEC), 22% margin |
| Efficiency | Strong — ROE 21%, ROA 7.2% |
Ownership (KEYS)
| Insider Ownership | +0.58% |
|---|---|
| Institutional Ownership | +93.33% |
| Shares Outstanding | 170.24M |
| Float | 169.11M |
| Short % of Float | +1.64% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (KEYS)
Keysight Technologies, Inc. is led by Satish C. Dhanasekaran, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| President, CEO & Director | Satish C. Dhanasekaran |
|---|---|
| Executive VP & CFO | Neil P. Dougherty |
| Senior VP & President of Communications Solutions Group | Kailash Narayanan |
| Chief Marketing Officer & Senior VP | Marie Hattar |
| Senior Vice President of Global Sales | Sung J. Yoon |
Major Backers & Investors (KEYS)
Notable institutional backers of Keysight Technologies, Inc. include Price (T.Rowe) Associates Inc, Capital Group, TR PRICE-Price (T.Rowe) U.S. Value Equity Trust, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 5.65% |
| Capital Group | 2.02% |
| TR PRICE-Price (T.Rowe) U.S. Value Equity Trust | 1.82% |
| T. Rowe Price | 1.54% |
| FMR, LLC | 1.4% |
| Invesco | 1.37% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.8% |
| Vanguard Group | 11.63% |
| State Street | 4.86% |
| Geode Capital | 2.81% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Keysight Technologies, Inc.'s Latest SEC 10-K Filing (filed 2025-12-17)
Key Strengths & Strategy (as disclosed to the SEC)
- Keysight conducts business globally with approximately 40,000 end customers each year, including many Fortune 1000 companies that are developing new electronic technologies, networks, systems, devices, and components.
- With extensive operations all over the world, we must comply with complex regulations governing data privacy, including the General Data Protection Regulation ("GDPR") in the European Union and data privacy regulations in other jurisdictions.
- Our recent acquisition of Spirent adds wireless network test and assurance and positioning technology solutions to our portfolio, complementing our design, validation, and performance offerings to deliver end-to-end solutions to our customers.
- Our direct sellers concentrate on providing more complex, end-to-end solutions where customers require strategic consultation.
Partnerships
- We employ a combination of strategies to lead in this area, including engagement with top standards bodies and industry consortia and close collaboration with top research programs in universities and industry.
Legal & Regulatory Risks (Item 1A, quoted)
- We are or will be subject to ongoing tax examinations of our tax returns by the IRS and other tax authorities. An adverse outcome of any such audit or examination by the IRS or other tax authority could have a material adverse effect on our results of operations, financial condition and liquidity.
- Our commitment to net zero emissions in company operations by fiscal year 2040 will be subject to significant costs and regulations, which could impact business operations, processes, revenue, and reputation.
- Failure to comply with anti-corruption laws could adversely affect our business and result in financial penalties.
- Our business and financial results may be adversely affected by various legal and regulatory proceedings.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
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| GRMN | Garmin Ltd. | USD 295.4 | ▲ 1.47% |
| COHR | Coherent Corp. | USD 207.82 | ▼ 12.51% |
| TDY | Teledyne Technologies Incorpora | USD 620.47 | ▼ 1.53% |
| FTV | Fortive Corporation | USD 60.05 | ▲ 2.4% |
| MKSI | MKS Inc. | USD 196.11 | ▼ 9.25% |
| TRMB | Trimble Inc. | USD 64.01 | ▲ 2.27% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt