Keysight Technologies, Inc. (KEYS)
Keysight Technologies provides the high-tech testing and measurement equipment that engineers use to ensure complex electronic devices actually work.
Is Keysight Technologies, Inc. a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: High gross margins suggest strong pricing power. Worth weighing: High valuation multiples compared to broader market averages.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does Keysight Technologies, Inc. do?
Think of Keysight as the quality control department for the tech world; they build the sophisticated tools that companies use to test everything from 5G networks to electric vehicle batteries. Sales of these precision instruments and the software that runs them, to businesses in the aerospace, defence, and communications sectors, drive the income. The figure that matters most is how much big tech keeps spending on research and development, since that is where Keysight's equipment proves essential.
On our factor screen it looks strongest on momentum and growth, and weakest on income.
- !Pays no dividend - the whole return rides on the share price
- ✓Growing - revenue up about 32% over the year
- ✓Very profitable - turns about 17% of sales into profit
- !High P/E of 55 - big growth is already priced in
- ✓Strong return on shareholder money (ROE 18%)
- Growth screens high
- Momentum screens high
- Value screens low
- Income screens low
Does Keysight Technologies, Inc. pay a dividend?
No - Keysight Technologies, Inc. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.
Does Keysight Technologies, Inc. have more cash or more debt?
It holds about $2.41B in cash against about $2.76B of debt - so it has net debt of about $351.00M. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.
From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.
What do Keysight Technologies, Inc.'s numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has Keysight Technologies, Inc. actually fallen?
Over the last 2 years of daily prices, Keysight Technologies, Inc. fell as much as −31% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Who owns Keysight Technologies, Inc.?
About 93% of Keysight Technologies, Inc., or about 93 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 1%. The rest, roughly 7%, is held by the public and smaller investors.
What this does and doesn't tell you
This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does Keysight Technologies, Inc. make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Where does each £100 of Keysight Technologies, Inc.'s sales go?
A rough split of the latest full-year figures: of every £100 of sales, about £38 covers making the product or service, £45 goes on running costs, tax and interest, and about £17 is left as profit. Margins vary a lot by industry, and one-off items can distort a single year.
When does Keysight Technologies, Inc. report earnings, and how did recent quarters go?
Keysight Technologies, Inc. is next scheduled to report on about 2026-11-24 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-08-18 | $2.48 | $3.07 | Beat +24% |
| 2026-05-19 | $2.32 | $2.87 | Beat +24% |
| 2026-02-23 | $2.00 | $2.17 | Beat +9% |
| 2025-11-24 | $1.85 | $1.91 | Beat +3% |
| 2025-08-19 | $1.67 | $1.72 | Beat +3% |
| 2025-05-20 | $1.65 | $1.70 | Beat +3% |
Across the last 6 quarters here, Keysight Technologies, Inc. came in ahead of what analysts expected 6 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for Keysight Technologies, Inc.?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Keysight becomes the industry standard for testing next-gen autonomous systems
Obsolescence of current testing hardware due to new technologies
What are the pros and cons of Keysight Technologies, Inc.?
A balance check, not a score or verdict.
- High gross margins suggest strong pricing power
- Essential role in the R&D cycle of major tech firms
- Strong recent growth in both revenue and earnings
- High valuation multiples compared to broader market averages
- No dividend payments for income-focused investors
- High sensitivity to corporate spending cycles
- Economic downturns often lead to cuts in R&D budgets
- Rapid technological change could make existing testing tools obsolete
- Supply chain disruptions affecting hardware production
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained decline in global corporate research and development spending
- A significant loss of market share to lower-cost competitors
Common questions about Keysight Technologies, Inc.
Does Keysight Technologies, Inc. pay a dividend?
No - Keysight Technologies, Inc. does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.
When does Keysight Technologies, Inc. report earnings next?
Keysight Technologies, Inc. is next scheduled to report results on about 2026-11-24. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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Automatic Data Processing, Inc.Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.