Keysight Technologies Q2 revenue slightly beats estimates

Keysight Technologies

19/05/2026 21:14

Overview

U.S. test solutions provider's Q2 revenue rose 31% yr/yr, slightly beating analyst expectations

Adjusted EPS for Q2 beat analyst expectations, driven by growth in both major segments

Company raised full-year outlook, citing robust demand and strong pipeline

Outlook

Keysight expects Q3 2026 revenue between $1.73 bln and $1.75 bln

Company sees Q3 2026 non-GAAP EPS in range of $2.43 to $2.49

Keysight raises full-year outlook, citing strong momentum and robust pipeline

Result Drivers

SEGMENT GROWTH - Co said Q2 revenue was driven by 35% growth in Communications Solutions Group and 24% growth in Electronic Industrial Solutions Group

TARIFF REFUND IMPACT - Co recorded $100 mln receivable for tariff refunds, with offsets to cost of sales, SG&A, and interest income, and a $40 mln liability reducing revenue

Company press release: ID:nBw2jDpnWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$1.72 bln
$1.71 bln (9 Analysts)
Q2 Adjusted EPS
Beat
$2.87
$2.32 (12 Analysts)
Q2 EPS
$2.02
Q2 Adjusted Net Income
Beat
$497 mln
$401.35 mln (7 Analysts)
Q2 Net Income
$349 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "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 $322.50, about 5.3% below its May 18 closing price of $340.48

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 26 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.)