The Keysight share price has been one of the quieter success stories of 2026. While headlines chased chip designers and cloud giants, the company that tests their hardware climbed from a 52-week low of $158.79 to a high of $389.93, according to Yahoo Finance. This guide explains what Keysight Technologies Inc does, what sits behind the move in KEYS stock, how to read its valuation, and the points to take note of if you follow the shares or trade them as share CFDs.
Key takeaways
- Keysight Technologies Inc trades on the New York Stock Exchange under the KEYS symbol and is a member of the S&P 500.
- KEYS stock closed at $374.67 on 8 October 2026, within about 4% of its 52-week high of $389.93.
- Third quarter fiscal 2026 revenue rose 36% to $1.85 billion and orders rose 56% to $2.09 billion, a second straight quarter of orders above $2 billion.
- AI data centre build-outs are the main growth driver, and wireline revenue overtook wireless revenue for the first time.
- The shares trade on a trailing P/E ratio of about 51, so a lot of growth is already reflected in the price. That is a reminder to size positions with care.
- The next earnings report is expected in late November 2026.
Keysight share price today: where KEYS stock stands
Current price, 52-week range and market cap
The figures below are a dated snapshot. Share prices move every trading session, so treat them as a reference point and check a live quote before acting on anything.
| Metric | Figure (as of 8 October 2026) |
|---|---|
| Last close | $374.67 |
| 52-week range | $158.79 to $389.93 |
| Market capitalisation | About $64 billion |
| Trailing P/E ratio | About 51 |
| Forward P/E ratio | About 28 |
| Beta (5-year monthly) | 1.18 |
| Dividend | None |
| Average analyst price target | $418 (12 analysts, consensus “Buy”) |
Sources: StockAnalysis and Yahoo Finance.
How the Keysight Technologies share price reached record territory
The Keysight Technologies share price spent most of 2022 to 2025 moving sideways as 5G spending cooled and customers ran down inventory. That changed in 2026. Each quarterly report showed faster growth than the last, and the shares re-rated as investors began to treat the company as part of the AI value chain and not only as a cyclical test equipment maker.
The long-term picture is also striking. A Benzinga analysis published on 5 October 2026 calculated an average annual return of 28.64% over the past ten years, which would have turned $1,000 into roughly $12,314. Past performance does not predict future results, but it shows how much of the return arrived in a short, recent burst.
What is Keysight Technologies Inc?
From Hewlett-Packard roots to the KEYS symbol
Keysight Technologies Inc designs the instruments and software that engineers use to design, simulate and test electronics. Its heritage goes back to the original Hewlett-Packard test and measurement business founded in 1939. The business became part of Agilent Technologies, then listed as an independent company on the New York Stock Exchange in November 2014 under the KEYS symbol.
Today the company is headquartered in Santa Rosa, California, employs around 16,500 people and is led by chief executive Satish Dhanasekaran. Its fiscal year ends on 31 October, which is why its quarterly dates differ from most US companies.
Technology sector, Electrical Equipment & Parts industry: how KEYS is classified
Keysight sits in the Technology sector on most data platforms. The industry label varies by provider. Yahoo Finance and StockAnalysis use “Scientific & Technical Instruments”, while other screeners group it under Electrical Equipment & Parts or Electronic Equipment. The labels describe the same thing: a company that sells precision hardware and software to other technology businesses.
This matters because classification decides which peers and sector funds the stock is compared with. KEYS often trades in sympathy with semiconductor test and optical names such as Teradyne, Lumentum and Credo Technology.
The two segments behind the Keysight Technologies stock price
Keysight reports two business segments. Understanding the split helps you read each earnings release quickly.
Communications Solutions Group
The Communications Solutions Group (CSG) is the larger segment. It generated $1.35 billion in the third quarter of fiscal 2026, up 43% year on year, according to the company’s results release. It has two parts:
- Commercial communications: test solutions for data centre networking, optical transceivers, wireless devices and network equipment. Revenue rose 56% to $1.01 billion.
- Aerospace, defence and government: radar, satellite, electronic warfare and positioning test. Revenue rose 14% to $339 million.
Electronic Industrial Solutions Group
The Electronic Industrial Solutions Group (EISG) serves semiconductor manufacturers, general electronics, and automotive and energy customers. Revenue rose 21% to $501 million in the same quarter, with management describing a record quarter for semiconductor on demand for advanced-node capacity, high-bandwidth memory and silicon photonics.
Software and services now make up about 33% of group revenue, and annual recurring revenue is about 24%, based on the company’s prepared earnings remarks. Recurring revenue tends to be steadier than one-off hardware sales.
Keysight earnings in 2026: the numbers behind the move
Growth accelerated through the fiscal year, which is the clearest explanation for the move in the Keysight Technologies stock price.
| Period | Revenue | Year-on-year growth | Non-GAAP EPS |
|---|---|---|---|
| Fiscal 2025 (full year) | $5.37 billion | 8% | $7.16 |
| Q1 fiscal 2026 (to 31 January) | $1.60 billion | About 23% | $2.17 |
| Q2 fiscal 2026 (to 30 April) | $1.72 billion | 31% | $2.87 |
| Q3 fiscal 2026 (to 31 July) | $1.85 billion | 36% | $3.07 |
| Q4 fiscal 2026 (company guidance) | $1.93 to $1.95 billion | About 37% at midpoint | $3.34 to $3.40 |
Sources: Keysight results releases for fiscal 2025, Q1, Q2 and Q3 of fiscal 2026.
Three details from the third quarter stand out:
- Orders ran ahead of revenue. Orders of $2.09 billion compared with revenue of $1.85 billion, which adds to the backlog.
- Margins widened. Gross margin was 69.0% and operating margin reached 33.2%, above the company’s long-term target range of 31% to 32%.
- Cash generation was strong. Free cash flow was $403 million, and the company bought back about $210 million of its own shares.
For the full fiscal year, management expects revenue growth of about 32% and earnings per share growth of about 60% at the midpoint of guidance.
Valuation: what the P/E ratio is telling you
A trailing P/E ratio of about 51 means buyers are paying roughly 51 times the past year’s earnings. The forward P/E of about 28 is much lower because analysts expect earnings to keep rising quickly.
The gap between the two tells you the market is pricing Keysight as a growth stock. That cuts both ways. If earnings arrive as expected, the valuation can look reasonable in hindsight. If growth slows, a high multiple leaves less room for disappointment. Keysight also pays no dividend, so returns depend entirely on the share price.
What moves the Keysight share price?
The same handful of drivers appear in almost every earnings call:
- AI data centre spending. Faster links such as 800G and 1.6T optical transceivers need new test equipment. Wireline orders more than doubled in the third quarter.
- Wireless standards. 5G upgrades and early 6G research support the wireless business.
- Semiconductor capital spending. Advanced chips and memory need more measurement steps.
- Defence budgets. Radar modernisation and satellite programmes support aerospace and defence demand.
- Order trends and guidance. Markets often react more to orders and the next quarter’s outlook than to the reported quarter.
- Wider market mood. With a beta of 1.18, KEYS tends to move slightly more than the S&P 500 in both directions.
Points to take note of before following KEYS stock
No share moves in a straight line, and KEYS is no exception. It fell 9.9% in March 2026 and rose 20.7% in April. Keep these reminders in view:
- Take note of valuation. A high multiple can amplify the reaction to any earnings miss.
- Take note of supply. Zacks research has pointed out that demand for some AI products exceeds what Keysight can currently ship, so shipment timing can shift between quarters.
- Take note of cycles. Test and measurement spending follows customer investment cycles. The flat years before 2026 are a useful reminder.
- Take note of concentration. Much of the recent growth comes from one theme, AI infrastructure. A pause in that spending would matter.
- Take note of earnings dates. Volatility tends to rise around results, and prices can gap at the open.
A simple precaution is to decide your maximum loss before entering any position and to use tools such as stop loss and take profit orders as part of a wider risk management plan.
How traders follow Keysight Technologies shares with CFDs
There are two broad ways to gain exposure to a US share. You can buy the share itself through a stockbroker, or you can trade a contract for difference (CFD). With a CFD you trade the price movement without owning the underlying share, so you can take a long or short view.
CFDs use leverage. This means a small deposit controls a larger position, and it magnifies losses as well as gains. Product ranges also differ between brokers and regions, so check the symbol list on your platform to confirm which US share CFDs are available to you.
Whichever route you choose, a repeatable process helps:
- Note the earnings date and the company’s own guidance.
- Compare orders with revenue to gauge demand.
- Use technical analysis and moving averages to see where price sits against its trend.
- Check US market opening hours in your time zone.
- Set your position size and exit levels before you trade.
Frequently asked questions
What is the KEYS symbol?
KEYS is the ticker symbol for Keysight Technologies Inc on the New York Stock Exchange. The company has traded under it since listing as an independent business in November 2014.
Why has the Keysight share price risen so much in 2026?
Revenue growth accelerated every quarter, from about 23% in the first fiscal quarter to 36% in the third, driven mainly by demand for AI data centre test equipment. Record orders and wider margins led investors to value the shares more highly.
Does Keysight Technologies pay a dividend?
No. Keysight does not currently pay a dividend. It returns cash to shareholders through share buybacks, including about $210 million in the third quarter of fiscal 2026.
When is the next Keysight earnings report?
Data providers currently list 23 to 24 November 2026 for fourth quarter fiscal 2026 results. Treat the date as provisional until the company confirms it on its investor relations page.
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Figures in this article are indicative and dated 8 October 2026, so always verify them against a live quote and the company’s own filings. This article is for educational purposes only and is not personalised investment advice.
