Keysight Technologies, Inc. (KEYS) Earnings Call Transcripts

Keysight Technologies, Inc.'s Latest Earnings Call - September 11, 2026

In the fourth quarter of fiscal year 2026, Keysight Technologies reported revenue of $1.940 billion, up nearly $100 million from the previous quarter, signaling strong demand across multiple end markets. The company achieved a gross margin of 68%, reflecting a successful transition towards a solutions-oriented business model. Management indicated that while supply chain constraints persist, they expect revenue to approach $2 billion per quarter in the near future, maintaining a positive outlook for continued growth driven by AI and defense spending.

Reported metrics

Guidance from management

Management guided for Q4 revenue of $1.940 billion, indicating a trajectory towards $2 billion per quarter, despite ongoing supply chain constraints.

What management said

I guess my first response to that is you're already seeing that strength in the $2 billion quarters that we've just put up already in the year over growth -- year-over-year growth that we put up through the first 3 quarters of the year. So I think that strength continues. Do we see a further acceleration at this point? Maybe. But right now, our base case is that you're going to see the strength continue, which should...

Yes. I think certainly that's the trajectory we're on. We're a little bit supply chain constrained at the current environment. We guided Q4 to $1.940 billion of revenue, which is up almost $100 million from where we were in Q3. So that's clearly the trajectory. Given the supply chain situation, things are a little bit nonlinear. We expect them to be a little bit nonlinear, so exactly when we burst through that $2 bil...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the supply chain constraints and the potential impact on revenue recognition. There were also questions about the long-term effects of AI on product offerings.

Main topics on the call

• Revenue Growth and Guidance — Keysight's revenue for Q4 was guided at $1.940 billion, an increase from Q3, with management stating, "the trajectory we're on" suggests potential for $2 billion revenue per quarter. This reflects strong demand across se...
• Supply Chain Constraints — Management acknowledged ongoing supply chain issues, noting, "larger players are sucking up big chunks of capacity from the supply chain," which has led to delays in revenue recognition. However, they remain optimistic a...
• AI and Data Center Demand — AI-related revenue has significantly contributed to growth, with management stating, "AI revenue already has surpassed all of what have been done in fiscal '26." This trend is expected to continue, particularly in the wi...
• Defense Spending Growth — Keysight's aerospace and defense segment has seen consistent growth, driven by increased European defense spending. Management mentioned, "it's not just a year or 2, I think it's going to be long-range investments they'r...

Read the full Keysight Technologies, Inc. transcript (September 11, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 80 Keysight Technologies, Inc. earnings call transcripts on record, spanning February 24, 2020 to September 11, 2026. Based on this history, Keysight Technologies, Inc. reports quarterly. The most recent call on file is dated September 11, 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

80

First call

February 24, 2020

Most recent

September 11, 2026

Reporting cadence

quarterly