Keysight Technologies Inc Dossier
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SectorInformation Technology IndustryElectronic Equipment & Instruments Beta (adjusted)1.14 Intrinsic Value $260.18median of 6 methods · middle span $184-$532based on filings through 31 Jul 2026 Market Price $373.88Price as of 1 Oct 2026 OvervaluedIntrinsic value is 30% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $63.7B Enterprise Value $63.6B Shares Outstanding 173M diluted Moat Rating Wide Next Earnings Date24 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Keysight entered the final quarter of FY2026 with exceptional momentum: Q3 orders were $2.091 billion, revenue increased 36% year over year to $1.846 billion, and management guided Q4 revenue to $1.930-$1.950 billion and non-GAAP diluted EPS to $3.34-$3.40. The company also retains structural exposure to AI infrastructure, communications, aerospace and defense, semiconductor, automotive, and industrial-automation investment. However, the August 28 closing price of $319.97 already discounts substantial continuation of the current growth and margin trajectory. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$250.00 Mean target$388.33 High · most bullish analyst$426.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $250.0018% The current communications-led acceleration proves cyclical, orders weaken, Q4 revenue falls below guidance, or export controls, tariffs, customer timing, and macroeconomic pressures disrupt demand. A reassessment of normalized growth and earnings quality drives the shares toward the independently constructed $255 downside marker. Base CaseCentral scenario $388.3358% Matches the consensus meanKeysight delivers Q4 within its $1.930-$1.950 billion revenue and $3.34-$3.40 non-GAAP EPS guidance, while FY2027 growth moderates from the unusually strong FY2026 comparison. Bull CaseUpside scenario $426.0024% Sustained orders above $2 billion, continued commercial-communications demand, broad EISG growth, and progress toward Keysight's 31%-32% long-term operating-margin objective produce another year of above-market growth. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |