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Keysight Technologies, Inc. (KEYS) Stock Analysis

By Nova Skye | AltStation.io | Updated February 07, 2026

Price

$228.93

Change

+3.35%

Market Cap

$39.33B

Avg Volume

1.2M

Company Overview

Keysight Technologies, Inc. specializes in electronic design and test solutions, providing a range of products and services aimed at optimizing communication systems. Their offerings include software, instrumentation, and systems that support design, simulation, validation, and manufacturing processes. Key markets for Keysight include telecommunications, data centers, aerospace, defense, and automotive industries. Their clients range from large corporations to government agencies that rely on cutting-edge technology for their operations.

Keysight is a market leader in the scientific and technical instruments sector, with a strong presence in various industries. Their edge lies in the comprehensive portfolio of solutions that cater to complex design and testing challenges, which is crucial as technology rapidly advances. However, competition is fierce, with firms like Tektronix, National Instruments, and Rohde & Schwarz vying for market share, especially as emerging technologies like 5G and IoT demand innovative testing and monitoring solutions.

Currently, Keysight is on a growth trajectory, driven by increasing demand for their electronic design and testing tools amidst the ongoing digital transformation in multiple sectors. The company has made strategic investments in expanding its software capabilities and recently launched new products that align with the latest industry trends, like 5G and AI. This commitment to innovation positions Keysight well for future opportunities while continuously adapting to evolving technology needs.

Key Financials

Market Cap

$39.33B

Revenue

$5.38B

EBITDA

$1.21B

Gross Margin

62.1%

Profit Margin

15.8%

Revenue Growth

10.3%

Total Cash

$1.87B

Total Debt

$2.78B

Free Cash Flow

$1.25B

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

45.51

Forward P/E

24.64

Beta

1.20

52-Week High

$232.92

52-Week Low

$121.43

EPS

$5.03

50-Day Avg

$209.02

200-Day Avg

$176.19

Price/Book

6.67

Technical Analysis

The overall trend for Keysight Technologies, Inc. (KEYS) over the past 52 weeks is strongly bullish, with a consistent upward movement from approximately $145 in March to the current price of $228.93. Key support is evident around the $180 level, which acted as a significant floor during brief corrections throughout the year, while resistance is currently near $230.95, observed at the recent peak in February. Notable price patterns include a series of higher lows and higher highs, indicative of a robust uptrend. Recent momentum has been positive, as reflected by the steep ascent in prices over the last few weeks, indicating strong buying interest and market confidence. The current price is approximately 98.3% of the 52-week high, suggesting it is trading near its peak and could face challenges breaking through the resistance level without further bullish catalysts.

Recent News and Developments

Here’s a summary of the latest news and developments for Keysight Technologies, Inc

(KEYS) stock in the past week:

1. Keysight Announces Fiscal First Quarter 2026 Earnings Release Date

Keysight Technologies is scheduled to release its financial results for the fiscal first quarter, which ended January 31, 2026, after the close of the stock market on Monday, February 23, 2026. The company will host a conference call on the same day to discuss the results. Investors can access the audio webcast via the Upcoming Events section of Keysight’s Investor Relations website.

2. KEYS Stock Experiences Volatility, Hits New 1-Year High

Keysight Technologies’ stock experienced notable price movements throughout the past week, reaching an all-time high closing price of $227.16 on February 3, 2026. On February 6, 2026, the stock closed at $229.24, marking a 3.49% increase, following a 0.04% decrease on February 5 and a 2.45% drop on February 4. The stock also saw a significant gain of 3.20% on February 2.

Market Sentiment and Analyst Recommendations

Bull Case

Keysight is executing at scale with 10.3% revenue growth and a P/E of 45.51 that’s defensible given the company’s market position in electronic measurement and AI validation software. The AI Software Integrity Builder launch directly addresses a massive TAM in safety-critical AI deployment across automotive and defense — industries that will spend heavily on validation tools as regulatory pressure intensifies. The Spirent acquisition, pending final China SAMR approval, adds network testing capabilities and expands total addressable market substantially. Analyst consensus is genuinely bullish: 9 of 13 firms rate this a buy, and Baird just reaffirmed at $230, essentially where the stock trades now. The balance sheet is solid with $1.87B cash against $2.78B debt, giving management flexibility for integration and capex. The stock’s 52-week run from $145 to $229 isn’t irrational froth — it reflects genuine business momentum in a secular AI validation trend.

Bear Case

The valuation is stretched. A 45.51 P/E multiple assumes perfect execution and sustained double-digit growth, but the market is pricing in most of the good news already. The stock is 98.3% of its 52-week high with resistance at $230.95 — there’s minimal margin of safety here if earnings disappoint even slightly. The Spirent deal is still pending China regulatory approval with a September 2025 completion date that’s already in the past based on the news dates, suggesting potential delays or complications that could derail synergy timing. Keysight operates in cyclical end markets: telecom infrastructure, automotive, and semiconductor testing all face macro uncertainty heading into 2026. At this valuation, the stock needs flawless quarters and no macro stumbles to justify the current price — one miss or delay, and this drops 10-15% quickly.

What to Watch

The Q1 2026 earnings call on February 23 is the immediate catalyst. Watch for organic revenue growth confirmation, AI software revenue contribution, and management commentary on the Spirent deal timeline — any hint of further China regulatory delays is a red flag. Gross margin trends matter: if the AI software business is higher margin than legacy testing equipment, gross margin expansion would validate the bull thesis. Monitor the $230.95 resistance level closely; a break above with volume suggests the uptrend has legs, while a rejection and close below $220 would signal momentum is fading. Track Keysight’s win rate in automotive AI validation contracts over the next two quarters — this is the growth engine that justifies the multiple. Finally, watch for any macro commentary on capex spending from their end markets; weakness in semiconductor or telecom equipment spending would pressure the entire thesis.

Analyst Consensus

BUY

Based on 13 analyst opinions

Low Target

$190.00

Mean Target

$220.69

High Target

$243.00

Earnings and Financial Data

Sector

Technology

Industry

Scientific & Technical Instruments

Employees

16,800

Earnings & Dividends

Next Earnings

Feb 23, 2026

EPS (Trailing)

$5.03

Dividend Yield

None

Payout Ratio

Frequently Asked Questions

Is KEYS a good stock to buy?

Analysts currently recommend KEYS as a BUY, with a target price of $220.69. Given its market cap of $39.33B and solid positioning in the technology sector, it presents a compelling investment opportunity.

What is KEYS’s price target?

The consensus price target for KEYS is $220.69. This indicates a potential downside from its current price of $228.93, suggesting that investors should consider market conditions before making a decision.

Does KEYS pay a dividend?

KEYS does not pay a dividend at this time. Investors looking for income through dividends will need to seek alternative investments.

What is KEYS’s P/E ratio?

KEYS has a P/E ratio of 45.51 and a forward P/E of 24.64. These figures reflect a high valuation, which suggests that the market expects significant growth from the company.

What was KEYS’s 52-week price range?

KEYS’s stock has traded between $121.43 and $232.92 over the past year. This range indicates strong volatility and reflects potential opportunities for investors who can navigate the price fluctuations.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated February 07, 2026.