Keysight Q1 revenue beats analyst expectations

Keysight Technologies

23/02/2026 21:12

Overview

Test solutions provider's fiscal Q1 revenue rose 23% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q1 beat analyst expectations

Company reported double-digit growth across all business segments

Outlook

Keysight expects Q2 2026 revenue between $1.690 bln and $1.710 bln

Company forecasts Q2 2026 non-GAAP EPS between $2.27 and $2.33

Keysight's outlook excludes impacts from February 2026 Supreme Court ruling on tariffs

Result Drivers

COMMUNICATIONS GROWTH - CSG revenue increased 27% due to strong performance in commercial communications and aerospace, defense, and government sectors

INDUSTRIAL SOLUTIONS - EISG revenue rose 15% with growth across automotive, energy, general electronics, and semiconductor markets

Company press release: ID:nBw8nZ7SFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.60 bln
$1.54 bln (10 Analysts)
Q1 Adjusted EPS
Beat
$2.17
$2 (12 Analysts)
Q1 EPS
$1.63
Q1 Adjusted Net Income
Beat
$376 mln
$344.59 mln (8 Analysts)
Q1 Net Income
$281 mln
Q1 Orders
$1.65 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Keysight Technologies Inc is $225.00, about 7.6% below its February 20 closing price of $243.54

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)