Overview
Test solutions provider's fiscal Q1 revenue rose 23% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Company reported double-digit growth across all business segments
Outlook
Keysight expects Q2 2026 revenue between $1.690 bln and $1.710 bln
Company forecasts Q2 2026 non-GAAP EPS between $2.27 and $2.33
Keysight's outlook excludes impacts from February 2026 Supreme Court ruling on tariffs
Result Drivers
COMMUNICATIONS GROWTH - CSG revenue increased 27% due to strong performance in commercial communications and aerospace, defense, and government sectors
INDUSTRIAL SOLUTIONS - EISG revenue rose 15% with growth across automotive, energy, general electronics, and semiconductor markets
Company press release: ID:nBw8nZ7SFa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $1.60 bln | $1.54 bln (10 Analysts) |
Q1 Adjusted EPS | Beat | $2.17 | $2 (12 Analysts) |
Q1 EPS | $1.63 | ||
Q1 Adjusted Net Income | Beat | $376 mln | $344.59 mln (8 Analysts) |
Q1 Net Income | $281 mln | ||
Q1 Orders | $1.65 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Keysight Technologies Inc is $225.00, about 7.6% below its February 20 closing price of $243.54
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 23 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)