Equity Profile

KEYS

Keysight Technologies, Inc.

Information TechnologyElectronic Equipment & Instruments$56.4B

Aug18Tue

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

Keysight Technologies, Inc. is a leading provider of electronic measurement solutions, serving sectors like telecommunications and aerospace....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

$2.87

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and is crucial for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KEYS Q3-2026 Earnings Preview

Context

Company Snapshot

Keysight Technologies, Inc. is a leading provider of electronic measurement solutions, serving sectors like telecommunications and aerospace. With a market cap of $58 billion, the company plays a crucial role in advancing technologies such as 5G and IoT, which are vital for modern communication and connectivity.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+23.71%

Avg Stock Reaction

+0.47%

Last Quarter Recap

In Q2 2026, Keysight reported an EPS of $2.87, significantly exceeding expectations by 40.69%. The stock reacted positively, gaining 1.07% the following day.

Management Promises & Guidance

Continue to innovate in electronic measurement solutions.
Focus on expanding market presence in 5G and IoT sectors.
Maintain strong customer relationships and support.

Expectations

Wall Street Expectations

Overall, analysts expect Keysight to continue its trend of strong earnings, particularly given its recent performance. However, there is uncertainty regarding revenue growth and market conditions.

Bull Case

If Keysight can demonstrate strong revenue growth alongside its impressive EPS, it may indicate robust demand for its products, leading to further stock appreciation.

Bear Case

Conversely, any signs of slowing revenue growth or increased competition could raise concerns, potentially leading to a negative reaction in the stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.87

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its market share and is crucial for long-term sustainability.

Gross Margin

N/A

Gross margin indicates how efficiently a company is producing its goods and services, impacting overall profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for the upcoming quarter?

Revenue growth is critical for assessing the company's ability to capitalize on market opportunities and sustain its momentum.

How is Keysight addressing competition in the 5G and IoT markets?

Understanding competitive positioning will help investors gauge future growth prospects and market share.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Keysight's revenue growth in emerging markets, particularly in 5G.

Supporting Evidence

Keysight has consistently beaten EPS estimates, indicating strong operational execution.

The options market is pricing in a larger move than historical averages suggest, indicating potential for a positive surprise.

Key Risk

If revenue growth comes in below 5%, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Keysight's ability to maintain its growth trajectory amidst increasing competition.

Bull Confirmed If

Revenue growth exceeding 10% year-over-year would confirm strong demand and market leadership.

Bear Confirmed If

Revenue growth below 5% would raise concerns about market saturation and competitive pressures.

Pre-Earnings Positioning

Options Market

Implied Move

±18.74%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±18.7% while KEYS has averaged ±0.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

31.1%

Calls (44K)P/C Ratio: 0.40Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Keysight beats expectations, history suggests a potential stock increase of around 0.47%, confirming strong demand.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors digest the outlook.

Miss

A miss could lead to a decline, with history indicating a potential drop of around 0.58% if expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G and IoT market demand and Keysight's positioning.
2Any new product launches or innovations that could drive future growth.
3Insights into customer spending trends and order backlog.
4Management's outlook on competitive pressures and market dynamics.
5Comments on cost management and margin expectations.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Keysight Technologies, Inc. is a leading provider of electronic measurement solutions, serving sectors like telecommunications and aerospace....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

$2.87

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and is crucial for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KEYS Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+23.71%

Avg Stock Reaction

+0.47%

Last Quarter Recap

In Q2 2026, Keysight reported an EPS of $2.87, significantly exceeding expectations by 40.69%. The stock reacted positively, gaining 1.07% the following day.

Management Promises & Guidance

Continue to innovate in electronic measurement solutions.
Focus on expanding market presence in 5G and IoT sectors.
Maintain strong customer relationships and support.

Expectations

Wall Street Expectations

Overall, analysts expect Keysight to continue its trend of strong earnings, particularly given its recent performance. However, there is uncertainty regarding revenue growth and market conditions.

Bull Case

If Keysight can demonstrate strong revenue growth alongside its impressive EPS, it may indicate robust demand for its products, leading to further stock appreciation.

Bear Case

Conversely, any signs of slowing revenue growth or increased competition could raise concerns, potentially leading to a negative reaction in the stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.87

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its market share and is crucial for long-term sustainability.

Gross Margin

N/A

Gross margin indicates how efficiently a company is producing its goods and services, impacting overall profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for the upcoming quarter?

Revenue growth is critical for assessing the company's ability to capitalize on market opportunities and sustain its momentum.

How is Keysight addressing competition in the 5G and IoT markets?

Understanding competitive positioning will help investors gauge future growth prospects and market share.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Keysight's revenue growth in emerging markets, particularly in 5G.

Supporting Evidence

Keysight has consistently beaten EPS estimates, indicating strong operational execution.

The options market is pricing in a larger move than historical averages suggest, indicating potential for a positive surprise.

Key Risk

If revenue growth comes in below 5%, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Keysight's ability to maintain its growth trajectory amidst increasing competition.

Bull Confirmed If

Revenue growth exceeding 10% year-over-year would confirm strong demand and market leadership.

Bear Confirmed If

Revenue growth below 5% would raise concerns about market saturation and competitive pressures.

Pre-Earnings Positioning

Options Market

Implied Move

±18.74%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±18.7% while KEYS has averaged ±0.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

31.1%

Calls (44K)P/C Ratio: 0.40Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Keysight beats expectations, history suggests a potential stock increase of around 0.47%, confirming strong demand.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors digest the outlook.

Miss

A miss could lead to a decline, with history indicating a potential drop of around 0.58% if expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G and IoT market demand and Keysight's positioning.
2Any new product launches or innovations that could drive future growth.
3Insights into customer spending trends and order backlog.
4Management's outlook on competitive pressures and market dynamics.
5Comments on cost management and margin expectations.