Keysight Technologies, Inc. (KEYS) Earnings Call Transcripts

Keysight Technologies, Inc.'s Latest Earnings Call - Q2 FY2026

In the fiscal second quarter of 2026, Keysight Technologies reported record-breaking results, with revenue reaching $1.717 billion, a 31% increase year-over-year, and earnings per share (EPS) of $2.87, up 69%. The company raised its fiscal 2026 revenue growth guidance to the high 20% range, driven by strong demand across its business segments, particularly in AI and defense technologies. Management highlighted a robust order growth of 56% year-over-year, surpassing $2 billion, indicating a strong pipeline for the second half of the year.

Reported metrics

Guidance from management

For Q3 2026, Keysight expects revenue in the range of $1.730 billion to $1.750 billion, representing 29% year-over-year growth at the midpoint. The company anticipates continued strong demand and a sequential revenue increase into Q4.

What management said

Mehdi, let me take this and maybe Neil can chime in. So first and foremost, the opportunities that we size us our AI business, which is, I think, really the heart of your question, finished the first half in the $500 million to $600 million range, almost in line with what we did the whole of last year. So quite pleased with the progression of the opportunity in the wireline business. And so the AI portion of our busi...

Yes. I think I understand the opportunity. I think if you think about our entire business, it's pretty broad-based. We service the computing marketplace, the networking marketplace, the transceivers and interconnect and also the hyperscalers, right? And we service a pretty significant part of their workflow or the R&D to early design to validation, conformance compliance testing into emulations and as they deploy the...

What analysts pressed on

Analysts expressed concerns about the sustainability of order growth and the potential impact of supply chain issues on future performance. Questions were raised regarding the age of backlog and whether customer behavior was changing due to supply constraints, with management indicating strong demand but no significant pull forward in orders.

Main topics on the call

• Record Financial Performance — Keysight achieved its best quarter in company history with revenue of $1.717 billion, up 31% YoY. EPS grew 69% to $2.87, showcasing strong operational leverage and demand across all business segments. Management stated, ...
• Increased Revenue Guidance — Management raised revenue growth expectations for fiscal 2026 to the high 20% range, reflecting confidence in ongoing demand and a strong order pipeline. They noted, "We are raising our growth expectations for fiscal 202...
• Strong Order Growth — Keysight reported a 56% increase in orders, surpassing $2 billion, with core orders growing 48%. This broad-based strength was attributed to AI, aerospace, defense, and semiconductor sectors. Satish Dhanasekaran remarked...
• Impact of Tariff Refunds — The company recognized a $40 million reduction in Q2 revenue and a $97 million reduction in costs due to tariff refunds following a Supreme Court decision. Excluding these impacts, revenue would have been $1.758 billion,...

Read the full Keysight Technologies, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 77 Keysight Technologies, Inc. earnings call transcripts on record, spanning February 24, 2020 to May 19, 2026. Based on this history, Keysight Technologies, Inc. reports quarterly. The most recent call on file is dated May 19, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KEYS

Exchange

NYSE

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

77

First call

February 24, 2020

Most recent

May 19, 2026

Reporting cadence

quarterly