Keysight Technologies, Inc. (KEYS) Stock

Keysight Technologies, Inc. (KEYS) is a Technology stock trading at $316.46 (as of 2026-08-20), with a market capitalization of $54.08B and a trailing P/E of 51.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment. The company's Electronic Industrial Solutions Group segment offers design tools; design verification tools; and digital multimeters, function generators, frequency counters, data acquisition systems, audio analyzers, LCR meters, thermal imagers, source measure units, ultra-high precision device current analyzers, and test executive software platforms, as well as various power supplies comprising AC/DC modular supplies and electronically programmable loads. This segment also provides printed-circuit-board-assembly testers, integrated circuit parametric testers, and sub-nano-meter positioning sub-assemblies; and test and measurement products and software. The company offers product support, technical support, and training and consulting services. It sells its products through direct sales force, distributors, resellers, and manufacturer's representatives. Keysight Technologies, Inc. was founded in 1939 and is headquartered in Santa Rosa, California.

Understand Keysight Technologies, Inc.: how it makes money

Keysight Technologies provides electronic design and test solutions, including EDA software and RF, microwave, and network test platforms, and it makes money by selling these test and design offerings to communications, networking, aerospace and defense, automotive, energy, semiconductor, and other industries.

Keysight's profit model is driven by selling measurement and design test offerings that span both software (EDA and related software) and test platforms (including hardware and virtual network test platforms), concentrated in its Communications Solutions Group and Electronic Industrial Solutions Group.

Revenue by segment (latest quarter)
CSG$1.1B
EISG$0.5B

Business quality (Strong): The latest period shows strong profitability (68.6% gross margin and 23.7% operating margin), and the business is represented by sizable revenues from Communications Solutions Group and Electronic Industrial Solutions Group.

Valuation: At 60× earnings, KEYS trades in line with the Measuring & Control Equipment average (60×). Note: one-time items can distort reported P/E.

Bull case

  • Broad solution scope within communications: Communications Solutions Group includes electronic design automation (EDA) software, RF and microwave test solutions, and hardware plus virtual network test platforms and software applications.
  • Diversified end-market coverage: Keysight serves multiple industries, including commercial communications and networking, aerospace and defense, automotive, energy, semiconductor and electronics, and education.

Bear case

  • Segment exposure risk: A large portion of reported segment revenue candidate value is associated with Communications Solutions Group, so slower customer spending tied to communications and networking could weigh on results.
  • Execution and demand variability: The company sells complex electronic design and test systems and platforms, which can be sensitive to timing of customer design and testing programs.
Valuation — source: SEC EDGAR (first-party)
Price$316.46
Market Cap$54.08B
P/E Ratio51.3
EV / EBITDA43.3
Price / Book8.54
Price / Sales8.88
FCF Yield2.5%
DCF Value (model)$41.95
DCF Upside vs Price-86.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.38B
Net Margin15.8%
Revenue Growth (YoY)31.5%
EPS Growth (YoY)36.9%
FCF Growth (YoY)3.3%
Financial Health — source: SEC EDGAR
Altman Z-Score7.89 (safe)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E51.3
Sector P/E (Technology)33.9
Industry P/E (Measuring & Control Equipment)51.8
vs Sector51.2%
vs Industry-1.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($5.26B)
Institutional Holders Tracked10
Congressional Trades (recent)9
Company
SectorTechnology
IndustryMeasuring & Control Equipment
CEOSatish C. Dhanasekaran
Employees15,400
CountryUS
IPO Date2014-10-20

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KEYS earnings history · KEYS institutional & insider holders · KEYS KPIs & operating metrics · KEYS financials · KEYS investor presentations & press releases · KEYS SEC filings · KEYS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.