On May 20, Keysight Technologies rose 3.03% in pre-market trading, trading at $352.12/share, with trading volume of approximately $294,400.

On the news front, the company released its fiscal Q2 earnings report after market close on May 19. Adjusted EPS came in at $2.87, beating the consensus estimate of $2.32 by 23.71% and representing a 68.82% year-over-year increase from $1.70. Revenue reached $1.717 billion, also exceeding the consensus forecast of $1.706 billion.

Prior to the earnings release, the stock had experienced sustained weakness due to pre-earnings positioning, declining on May 7, 12, 15, 18, and 19 respectively. Multiple institutions had issued bullish views ahead of the report — JPMorgan raised its target price to $360, Baird raised its target to $375, both maintaining Overweight ratings. Morgan Stanley highlighted that demand from AI data centers and aerospace and defense markets continued to strengthen, potentially driving above-consensus results. The pre-market rebound reflects a recovery from previously depressed expectations combined with the strong earnings beat.

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