ALTSTATION.IO

Keysight Technologies, Inc. (KEYS) Stock Analysis

By Nova Skye | AltStation.io | Updated September 19, 2026

Price

$327.21

Change

+1.42%

Market Cap

$55.71B

Avg Volume

1.4M

Company Overview

Headquartered in Santa Rosa, California, Keysight Technologies operates in the Technology sector under Scientific and Technical Instruments. Tracing its operational roots back to 1939, the company designs, builds, and sells precision test software, instrumentation, and hardware systems like oscilloscopes, signal analyzers, and power sources. The business generates revenue across two core operating units: the Communications Solutions Group and the Electronic Industrial Solutions Group. Its customer base spans enterprise, government, and commercial buyers across wireless telecom, data centers, aerospace, defense, automotive, and semiconductor manufacturing.

Keysight is an entrenched market leader in electronic measurement, not a niche player or speculative challenger. Its competitive edge stems from integrating physical test hardware with proprietary simulation software and post-sale services like KeysightCare maintenance, calibration, and device vulnerability analysis. This end-to-end workflow integration creates massive switching costs for engineering teams who rely on standardized testing protocols. The primary operational risk comes from cyclical exposure to customer capital expenditures, where slowdowns in semiconductor fabrication or telecom infrastructure directly compress hardware order volume.

Today, Keysight is executing a strategic push to expand high-margin software testing and recurring services to soften the impact of hardware cycles. The company is actively focusing resources on high-complexity validation for next-generation data center ecosystems, advanced wireless standards, and aerospace modernization. By packaging test-as-a-service and cybersecurity validation alongside traditional equipment sales, it is steadily improving recurring revenue visibility across both reporting segments. While uneven industrial spending creates intermittent demand headwinds, Keysight remains an indispensable gatekeeper for electronic design and commercialization.

Key Financials

Market Cap

$55.71B

Revenue

$6.58B

EBITDA

$1.70B

Gross Margin

63.3%

Profit Margin

19.1%

Revenue Growth

36.5%

Total Cash

$2.60B

Total Debt

$2.77B

Free Cash Flow

$1.87B

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

44.28

Forward P/E

23.97

Beta

1.21

52-Week High

$374.96

52-Week Low

$158.79

EPS

$7.39

50-Day Avg

$326.12

200-Day Avg

$288.51

Price/Book

8.48

Technical Analysis

KEYS trades at $327.21, 78% of the way from its 52-week low of $158.79 to its $374.96 high. The stock is 12.74% below that high but 106.06% above the low, confirming a strong longer-term move. Price sits 1.02% below the 20-day moving average of $330.57. Five-day momentum is positive at 2.26%, while 20-day momentum remains negative at 4.04%. Near-term support is $296.72, and resistance is $361.15.

Recent News and Developments

Keysight partners with University of York on automotive AI safety

Keysight and the Centre for Assuring Autonomy announced a research collaboration on September 3 to improve AI validation for software-defined vehicles. The work will focus on auditable safety evidence, measurable safety scoring, and methods aligned with ISO/PAS 8800. Source: Business Wire

Keysight expands positioning and navigation test lineup

Keysight said it will demonstrate expanded positioning, navigation, and timing capabilities at ION GNSS+ 2026 from September 14 through September 18. The lineup combines Keysight and Spirent technology for GNSS, sensor fusion, non-terrestrial networks, jamming, spoofing, and field-to-lab testing. Source: Business Wire

KEYS gains 2.49% across four completed September sessions

KEYS closed at $319.27 on September 1 and $327.21 on September 4, a 2.49% increase. The stock advanced in three consecutive sessions after its September 1 decline, showing buyers returned without a major company-specific catalyst. Source: StockAnalysis.com

Market Sentiment and Analyst Recommendations

Bull Case

Revenue growth of 36.5% is the clearest reason to own KEYS. Revenue stands at $6.58 billion, giving the company substantial scale alongside that growth. The University of York collaboration expands Keysight’s role in automotive AI safety, including measurable safety scoring and alignment with ISO/PAS 8800. Its expanded positioning and navigation lineup combines Keysight and Spirent technology across GNSS, sensor fusion, non-terrestrial networks, jamming, spoofing, and field-to-lab testing. Twelve analysts rate the stock a buy, with an average target of $415.08 and a high estimate of $452.00. The average target represents 26.85% upside from $327.21, making the growth story attractive if execution stays strong.

Bear Case

A P/E ratio of 44.28 leaves little room for weak execution. The stock has already climbed 106.06% from its 52-week low and sits 78% through its annual range. Total debt of $2.77 billion exceeds total cash of $2.60 billion, so the balance sheet is not net-cash positive. Twenty-day momentum is negative at 4.04%, and the stock remains below its $330.57 moving average. A break below $296.72 would weaken the near-term technical setup, while $361.15 remains a clear barrier. The provided data identifies no specific competitive or macro threats, but the valuation alone makes KEYS vulnerable if its 36.5% revenue growth slows.

What to Watch

Keysight plans to demonstrate its expanded positioning and navigation capabilities at ION GNSS+ 2026 from September 14 through September 18. Investors should watch whether the combined Keysight and Spirent lineup produces measurable commercial progress; the supplied data does not provide contract or revenue figures. The September 3 University of York collaboration is another catalyst, particularly if its automotive AI safety work advances beyond research into commercial testing demand. Technically, $330.57 is the first threshold to reclaim, followed by resistance at $361.15. A move below $296.72 would damage the near-term setup, while a break above $361.15 would put the $374.96 high back in focus. Fundamentally, the key test is whether revenue growth can remain near 36.5% and justify the 44.28 P/E ratio.

Analyst Consensus

BUY

Based on 12 analyst opinions

Low Target

$350.00

Mean Target

$415.08

High Target

$452.00

Earnings and Financial Data

Sector

Technology

Industry

Scientific & Technical Instruments

Employees

16,600

Earnings & Dividends

Next Earnings

Nov 24, 2026

EPS (Trailing)

$7.39

Dividend Yield

None

Payout Ratio

Frequently Asked Questions

Is KEYS a good stock to buy?

The current recommendation is buy based on 12 analysts, and revenue growth is 36.5%. The takeaway is that analysts favor KEYS, but its 44.28 P/E demands continued growth.

What is the KEYS stock price target?

The average analyst target is $415.08, with estimates ranging from $350.00 to $452.00. The takeaway is that every listed target is above the current $327.21 price.

Is KEYS stock overvalued?

KEYS trades at a P/E ratio of 44.28 while generating 36.5% revenue growth. The takeaway is that the valuation is demanding even with strong growth.

What are the support and resistance levels for KEYS?

Near-term support is $296.72, and near-term resistance is $361.15. The takeaway is that these are the key 30-day levels to monitor.

How far is KEYS from its 52-week high?

KEYS is 12.74% below its $374.96 high and 106.06% above its $158.79 low. The takeaway is that the stock remains much closer to its high than its low.

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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 September 19, 2026.