Keysight Technologies (KEYS)
NYSEInformation TechnologyHardware, Equipment & PartsSnapshot 2026-09-04
$327.21+1.42%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologyHardware, Equipment & PartsSnapshot 2026-09-04
QuarterlyIQ Insights · KEYS
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 22.3% |
| Our one-year growth estimate | diamond | 20.1% |
Growth built into the price is above our model estimate.
The price assumes 2.2 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Model as of 2026-09-04 · Compared with 40 industry peers · Company calendar date is not available
KEYS — director transition
Dated 2026-08-26
Director — Scott Reese: The filing discloses the appointment of a new independent director to fill a vacancy created by a board size increase, which is a routine governance action rather than an executive departure.
Why it matters: Updates on tariff refunds could impact Keysight's financials and cash flow.
Watch forConfirmation of $100 million in tariff refunds is received. This boosts cash flow.
Also watch forThere are no updates or delays in tariff refunds. This suggests cash flow issues.
Why it matters: Sustaining high revenue growth shows Keysight's ability to capitalize on market demand. It is a key indicator of the company's health.
Supportive ifQ3 2026 revenue growth reported above 29% YoY.
Worry ifQ3 2026 revenue growth reported below 29% YoY.
Why it matters: Earnings above this level show strong profit growth. It also shows management is effective.
Supportive ifNon-GAAP EPS for Q3 2026 exceeds $2.49, indicating solid earnings growth.
Worry ifNon-GAAP EPS for Q3 2026 falls below $2.43, suggesting earnings pressure.
Why it matters: Tariff refunds could greatly change revenue and costs.
Watch forQ3 results show IEEPA tariff refunds over $100 million had a positive impact.
Also watch forQ3 results show no significant impact from IEEPA tariff refunds.
Why it matters: News on these refunds can change Keysight's finances. It affects cash flow and expenses.
Watch forKeysight gets confirmation of $100 million in tariff refunds.
Also watch forNo updates or delays in processing the tariff refunds.
Why it matters: Changes may impact future investments and growth potential.
Watch forManagement announces a new plan for capital allocation. This plan supports growth.
Also watch forManagement says it will be more careful with spending money.
Why it matters: This earnings report will provide key insights into performance and future guidance.
Watch forEarnings report shows revenue and EPS growth above expectations.
Also watch forEarnings report shows revenue and EPS below expectations.
Why it matters: Meeting or exceeding this guidance shows strong demand and growth momentum. It confirms management's confidence in sustaining revenue growth.
Supportive ifQ4 revenue reported at or above $1.93 billion.
Worry ifQ4 revenue reported below $1.93 billion.
Why it matters: Non-GAAP EPS growth shows good financial health. It also shows effective cost management. This affects how investors feel.
Supportive ifNon-GAAP EPS growth for fiscal year 2025 exceeds 10% year over year.
Worry ifNon-GAAP EPS growth for fiscal year 2025 falls below 5% year over year.
Why it matters: High order levels show strong demand and a good market position.
Supportive ifQ4 orders reported above $2 billion.
Worry ifQ4 orders fall below $1.8 billion.
Why it matters: High order growth shows strong market demand and good company performance.
Supportive ifOrders grow year-over-year by more than 30% in Q3 2026.
Worry ifOrders grow year-over-year by less than 20% in Q3 2026.
Why it matters: Confirmation of revenue guidance shows that Keysight is on track for growth. It helps validate management's priorities.
Supportive ifManagement confirms revenue guidance for Q2 2026 is met or exceeded.
Worry ifRevenue guidance for Q2 2026 is lower than expected. It missed by a lot.
Why it matters: Exceeding this guidance would show strong demand and continued growth momentum.
Supportive ifQ3 2026 revenue guidance is over $1.750 billion. This shows strong performance.
Worry ifQ3 2026 revenue guidance is under $1.730 billion. This shows possible weakness.
Why it matters: Strong cash flow indicates good financial health and ability to invest in growth. It is a key measure of operational success.
Supportive ifCash flow from operations was reported over $500 million.
Worry ifCash flow from operations was reported under $500 million.
Why it matters: Hitting this EPS target shows strong profit growth. It also shows good cost management. This means the company can increase shareholder value.
Supportive ifNon-GAAP EPS reported at or above $3.34.
Worry ifNon-GAAP EPS reported below $3.34.
Why it matters: Sustained growth in this segment shows strong demand in commercial communications and defense markets. It is crucial for overall revenue health.
Supportive ifCSG revenue growth reported above 40% year over year.
Worry ifCSG revenue growth reported below 30% year over year.
Why it matters: News on the share repurchase program shows management cares about giving value to shareholders. It also shows they trust the company's finances.
Watch forManagement is going ahead with the $1.5 billion share buyback program.
Also watch forThere are no updates or signs of share repurchase activity.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$175 on $10,000 · ±1.7% | How much price usually moves either way. |
| Bad day | $377 loss on $10,000 · 3.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,052 loss on $10,000 · 20.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.