Keysight Technologies Inc
NYSE:KEYS
Keysight Technologies Inc
In the fast-evolving world of electronics and communications, Keysight Technologies Inc. stands as a beacon of precision and innovation. Emerging as a spin-off from Agilent Technologies in 2014, Keysight carries a rich heritage dating back to the founding of Hewlett-Packard's electronic measurement business. The company, headquartered in Santa Rosa, California, thrives at the intersection of insight and technology, providing electronic design and test instrumentation systems to some of the most demanding sectors, including aerospace, defense, automotive, energy, and telecommunications. With a keen focus on addressing the challenges of modern connectivity, Keysight's spectrum analyzers, oscilloscopes, and network testing equipment play a critical role in the development and validation of various wireless and wired systems. In a world increasingly driven by data, Keysight empowers its clients to innovate with confidence, ensuring their products meet the highest standards of quality and performance.
Keysight's business model revolves around offering cutting-edge solutions that enhance the efficiency and accuracy of product design cycles. Their revenue streams primarily flow from the sales of sophisticated measuring instruments and software solutions, which enable companies to test and refine their electronic products before they hit the market. Beyond hardware, Keysight is steadfast in expanding its software capabilities and services, recognizing the growing importance of integrated solutions for complex testing needs. The company strategically invests in research and development, allowing it to stay ahead of technological trends such as 5G and IoT, securing its position as a vital partner for innovators worldwide. By aligning its offerings closely with the burgeoning demands of industries undergoing digital transformation, Keysight ensures its relevance and indispensable value to the future of global technology development.
In the fast-evolving world of electronics and communications, Keysight Technologies Inc. stands as a beacon of precision and innovation. Emerging as a spin-off from Agilent Technologies in 2014, Keysight carries a rich heritage dating back to the founding of Hewlett-Packard's electronic measurement business. The company, headquartered in Santa Rosa, California, thrives at the intersection of insight and technology, providing electronic design and test instrumentation systems to some of the most demanding sectors, including aerospace, defense, automotive, energy, and telecommunications. With a keen focus on addressing the challenges of modern connectivity, Keysight's spectrum analyzers, oscilloscopes, and network testing equipment play a critical role in the development and validation of various wireless and wired systems. In a world increasingly driven by data, Keysight empowers its clients to innovate with confidence, ensuring their products meet the highest standards of quality and performance.
Keysight's business model revolves around offering cutting-edge solutions that enhance the efficiency and accuracy of product design cycles. Their revenue streams primarily flow from the sales of sophisticated measuring instruments and software solutions, which enable companies to test and refine their electronic products before they hit the market. Beyond hardware, Keysight is steadfast in expanding its software capabilities and services, recognizing the growing importance of integrated solutions for complex testing needs. The company strategically invests in research and development, allowing it to stay ahead of technological trends such as 5G and IoT, securing its position as a vital partner for innovators worldwide. By aligning its offerings closely with the burgeoning demands of industries undergoing digital transformation, Keysight ensures its relevance and indispensable value to the future of global technology development.
Strong Quarter: Keysight's Q4 results exceeded guidance, with revenue up 10%, orders up 14%, and EPS up 16%.
Full-Year Growth: Full-year revenue grew 8% and EPS rose 14%, both above expectations and the long-term model.
Acquisitions: Keysight completed three acquisitions in Q4 (Spirent, Synopsys Optical Solutions Group, Ansys Power Artist) and expects $375 million in additional FY '26 revenue from them.
Record Free Cash Flow: FY '25 free cash flow was a record $1.3 billion; $375 million was returned to shareholders via buybacks.
Raised Guidance: Q1 2026 revenue is guided to $1.530–$1.550 billion (19% YoY growth at midpoint); FY '26 revenue growth (excluding acquisitions) is expected at or above the high end of the 5–7% target range.
Share Buyback: A new $1.5 billion repurchase program was authorized.
Segment Highlights: Both Communications and Electronic Industrial segments grew double digits; wireline set a new record, and aerospace/defense bookings were at all-time highs.
AI & Tech Demand: AI infrastructure, semiconductor, and networking innovation are significant growth drivers across segments.
