Pre-earnings brief
Reports
Tue, Nov 24, 2026
Est. EPS
—
Est. revenue
—
Implied move
±10.7%
EPS beat rate
100%
Keysight Technologies, Inc. (KEYS) operates in the Information Technology sector, specializing in electronic equipment and instruments. The company plays a crucial role in providing solutions for electronic design and test, which are essential for advancements in technology, including areas like 5G, IoT, and automotive electronics.
Last quarter
In Q3-2026, Keysight reported an impressive EPS of $3.07, significantly exceeding estimates by 42.13%. However, the stock fell by 5.58% the following day, indicating market skepticism despite the strong earnings.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+24.99%
Avg 1-day reaction
-0.24%
Investors are generally optimistic about Keysight's upcoming earnings report, given its strong track record of beating EPS estimates. However, the lack of revenue guidance may lead to uncertainty.
Bull case
If Keysight continues its trend of strong earnings surprises, it could signal robust demand for its products, especially in high-growth sectors like 5G and automotive.
Bear case
On the other hand, if the company fails to provide clear guidance or if there are signs of slowing demand, it could lead to a negative market reaction.
The print will turn on these.
Q1
What will the EPS be for Q4-2026?
Given Keysight's strong EPS surprises in previous quarters, the market will closely watch this figure to gauge ongoing profitability.
Q2
How is Keysight's revenue growth trending in key segments?
Understanding revenue growth in critical areas like 5G and automotive will help assess the company's market position and future potential.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±15.1%
Why consensus could be wrong
The Street may be underestimating the potential for Keysight to exceed EPS expectations based on its historical performance and the current demand in technology sectors.
Supporting evidence
Keysight has consistently beaten EPS estimates in the last eight quarters, indicating strong operational performance.
The options market is pricing a significant move, suggesting that traders expect a notable surprise.
Insider selling could indicate a strategic repositioning rather than a lack of confidence in the company's future.
Key risk
If Keysight's EPS comes in above $3.50, it could challenge the current cautious sentiment.
Pre-commit to what would confirm each case.
This quarter's performance will hinge on the balance between maintaining strong earnings and providing clear guidance on future growth.
Bull confirmed if
An EPS of $3.50 or higher would confirm strong demand and operational efficiency.
Bear confirmed if
An EPS below $2.50 would raise concerns about profitability and market demand.
What the market is pricing for the move.
Implied Move
±10.68%
Historical Avg
±1.49%
The options market is pricing in a significant move of approximately 10.68% around the earnings report, indicating heightened volatility expectations.
Options are pricing a 10.68% move, but the stock has averaged only 1.49% over the last 8 quarters, suggesting a rich setup.
ATM IV
0.4%
30d HV
33.6%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Semiconductors
Fade rate: 13 of 29 (45%)
This setup has occurred 30 times across Information Technology in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.8%, with a raw directional average of -2.3% (modestly negative historical bias).
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$1.2M
3,200 sh
2 insiders
Net
$1.2M
Net selling
Most Active Insiders· 2 open-market trades
$1.1M
Net selling
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Keysight beats expectations and raises guidance, history suggests a potential stock increase of around 0.60% on the first day.
In line / cautious
If the results are in line but management provides cautious commentary, the stock may react neutrally or slightly down, reflecting uncertainty.
Miss
A miss on EPS could lead to a decline, with history suggesting an average drop of around 0.24%.
The lines on the call that would change the story.
$69,602.00
Net selling
Recent Transactions
Sep 30, 2026 · @ $364.13
3,000 sh
$1.1M
Sep 23, 2026 · @ $348.01
200 sh
$69,602.00
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.