Keysight Technologies is a high-quality business with a wide economic moat, strong margins, and 32% revenue growth, but the stock is trading above its near-term price target with negative effective upside, making the current setup unattractive despite the underlying franchise's merits.
Thesis pillars
- Strong Revenue Growth Acceleration→Stable
- Wide Moat Franchise Quality→Stable
- Valuation Stretch Above Target↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Keysight Technologies Inc. (KEYS) Stock Analysis
Range Bound setup · Temporary headwind edge
Technology · Scientific & Technical Instruments
Wait for pullback to $332.92. At $357.62 the A.R:R is 0.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $332.92 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8.
Keysight Technologies develops electronic test and measurement hardware, software, and services for communications, aerospace/defense, semiconductor, and industrial customers globally across two segments. The company generated $5.4 billion in revenue in fiscal 2025, primarily... Read more
Wait for pullback to $332.92. At $357.62 the A.R:R is 0.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $332.92 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8. Chart setup: RSI 50 mid-range, Bollinger mid-band. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.70, quality 8.4/10, growth 10.0/10). Score 6.4/10, moderate confidence.
Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity 40d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About Keysight Technologies Inc.
About Keysight Technologies Inc.
Keysight Technologies generated $5.4 billion in revenue in fiscal 2025, serving customers across more than 100 countries through two segments: the Communications Solutions Group, covering wireless, wireline data center, and aerospace/defense markets, and the Electronic Industrial Solutions Group, covering automotive, semiconductor, and general electronics. The company invested $1,007 million in R&D that year and, in October 2025, acquired Spirent Communications alongside two EDA software businesses from Synopsys and Ansys.
Keysight's revenue derives from hardware instruments — signal analyzers, network analyzers, oscilloscopes, and power analyzers — bundled with software applications and services including calibration, repair, and engineering consulting via Keysight Global Services. The primary demand driver is R&D-phase engineering: new standards cycles including 5G, 6G, 800Gb/s Ethernet, commercial satellite, and AI data center interconnect require continuous tool refresh as chipmakers, network equipment manufacturers, and defense contractors validate designs. The company operates an in-house semiconductor fab and proprietary packaging centers; software engineering now constitutes the majority of R&D headcount, reflecting a push toward recurring subscription and license revenue. No single customer accounts for more than 10% of revenue, and the channel mix combines a direct global sales force with indirect partners and e-commerce.
Show full overview
Export controls and China tariffs both appear in the 10-K as named operational risks. Some customers and suppliers have been added to the U.S. Department of Commerce's "Lists of Parties of Concern," forcing suspension of those relationships, and the filing notes certain counterparties develop unique solutions that may be irreplaceable on short notice. Tariff escalation on Chinese imports began in the second quarter of fiscal 2025, affecting customers and suppliers with China ties. Accounting operations are also centralized in India and Malaysia, adding geographic operational dependency.
See also: Technology · Scientific & Technical Instruments
From Keysight Technologies Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-10-15Recent Developments — Keysight Technologies Inc.
Latest news
- NEWS Can Keysight's Advanced Testing Generator Boost Its Growth Prospects? - TradingView — TradingView positive
- NEWS Can Keysight's Advanced Testing Generator Boost Its Growth Prospects? - es.tradingview.com — es.tradingview.com positive
- NEWS Can Keysight's Advanced Testing Generator Boost Its Growth Prospects? - tradingview.com — tradingview.com positive
- NEWS Keysight Technologies (KEYS) Insider Trading Activity 2026 $KEYS - MarketBeat — MarketBeat neutral
- NEWS Keysight Technologies (KEYS) Insider Trading Activity 2026 $KEYS - marketbeat.com — marketbeat.com neutral
Generated 2026-10-15T11:32:14Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMGeographicinternational operations10-K Item 1A: 'revenue from international operations will continue to represent a majority of our total revenue'
Material Events(8-K, last 90d)
- 2026-03-13Item 5.02LOWJohn Page, SVP Global Services, announced retirement effective by Oct 31, 2026 on March 12, 2026. Personal reasons cited; no disagreement with Company. No successor named.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker·1 ceiling hit
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $332.92. At $357.62 the A.R:R is 0.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $332.92 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8. Chart setup: RSI 50 mid-range, Bollinger mid-band. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.70, quality 8.4/10, growth 10.0/10). Target $363.66 (+1.7%), stop $318.13 (−12.4%), A.R:R 0.2:1. Score 6.4/10, moderate confidence.
Take-profit target: $363.66 (+1.7% upside). Target $363.66 (+1.7%), stop $318.13 (−12.4%), A.R:R 0.2:1. Stop-loss: $318.13.
Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8; Negative momentum.
Keysight Technologies Inc. trades at a P/E of 48.4 (forward 25.7). TrendMatrix value score: 4.6/10. Verdict: Buy (Wait for Entry).
19 analysts cover KEYS with a consensus score of 4.2/5. Average price target: $418.
What does Keysight Technologies Inc. do?Keysight Technologies develops electronic test and measurement hardware, software, and services for communications,...
Keysight Technologies develops electronic test and measurement hardware, software, and services for communications, aerospace/defense, semiconductor, and industrial customers globally across two segments. The company generated $5.4 billion in revenue in fiscal 2025, primarily from R&D applications, serving approximately 40,000 end customers in over 100 countries. An in-house semiconductor fab and $1,007 million R&D spend in fiscal 2025 support first-to-market solution positioning.