📊 KEYS Key Takeaways
Is KEYS a Good Investment? Thesis Analysis
Keysight demonstrates fortress-like financial health with exceptional free cash flow generation (25.4% FCF margin) and strong balance sheet metrics (2.6x current ratio, 0.41x D/E). Despite flat revenue, net income grew 38.4% YoY indicating effective operational management; however, sustainability depends on revenue acceleration beyond margin expansion.
Why Buy KEYS? Key Strengths
- Exceptional free cash flow generation of $407M (25.4% of revenue) with minimal capital intensity
- Strong balance sheet with 2.6x current ratio, $2.2B cash, and conservative 0.41x debt-to-equity leverage
- Impressive profitability improvement (net income +38.4%, EPS +39.9%) despite flat revenue demonstrates operational leverage
KEYS Investment Risks to Consider
- Revenue stagnation at 0% YoY growth indicates no market expansion or potential competitive headwinds in measurement instrumentation sector
- Low returns on equity (4.5%) and assets (2.4%) suggest suboptimal capital deployment relative to asset base of $11.5B
- Profitability gains driven by cost management rather than growth; further margin expansion unsustainable without revenue acceleration
Key Metrics to Watch
- Quarterly revenue growth trajectory and market share trends
- Operating margin sustainability as cost-cutting opportunities mature
- Return on equity and ROIC relative to weighted average cost of capital
KEYS Financial Metrics
💡 AI Analyst Insight
The 25.4% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 2.60x current ratio provides a solid financial cushion.
KEYS Profitability Ratios
KEYS vs Industrial Sector
How Keysight Technologies, Inc. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is KEYS Overvalued or Undervalued?
Based on fundamental analysis, Keysight Technologies, Inc. has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
KEYS Balance Sheet & Liquidity
KEYS 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: Keysight Technologies, Inc.'s revenue has grown significantly by 11% over the 5-year period, indicating strong business expansion. The most recent EPS of $5.91 reflects profitable operations.
KEYS Growth Metrics (YoY)
KEYS Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $1.3B | $169.0M | $0.97 |
| Q3 2025 | $1.2B | $191.0M | $1.10 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
KEYS Capital Allocation
KEYS SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for Keysight Technologies, Inc. (CIK: 0001601046)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Apr 1, 2026 | 4 | xslF345X06/wk-form4_1775040894.xml | View → |
| Mar 26, 2026 | 4 | xslF345X06/wk-form4_1774519432.xml | View → |
| Mar 26, 2026 | 4 | xslF345X06/wk-form4_1774519426.xml | View → |
| Mar 26, 2026 | 4 | xslF345X06/wk-form4_1774519420.xml | View → |
| Mar 24, 2026 | 4 | xslF345X06/wk-form4_1774375652.xml | View → |
❓ Frequently Asked Questions about KEYS
What is the AI rating for KEYS?
Keysight Technologies, Inc. (KEYS) has an AI rating of BUY with 68% confidence, based on fundamental analysis of SEC EDGAR filings.
What are KEYS's key strengths?
Claude: Exceptional free cash flow generation of $407M (25.4% of revenue) with minimal capital intensity. Strong balance sheet with 2.6x current ratio, $2.2B cash, and conservative 0.41x debt-to-equity leverage.
What are the risks of investing in KEYS?
Claude: Revenue stagnation at 0% YoY growth indicates no market expansion or potential competitive headwinds in measurement instrumentation sector. Low returns on equity (4.5%) and assets (2.4%) suggest suboptimal capital deployment relative to asset base of $11.5B.
What is KEYS's revenue and growth?
Keysight Technologies, Inc. reported revenue of $1.6B.
Does KEYS pay dividends?
Keysight Technologies, Inc. does not currently pay dividends.
Where can I find KEYS SEC filings?
Official SEC filings for Keysight Technologies, Inc. (CIK: 0001601046) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is KEYS's EPS?
Keysight Technologies, Inc. has a diluted EPS of $1.63.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is KEYS a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Keysight Technologies, Inc. has a BUY rating with 68% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is KEYS stock overvalued or undervalued?
Valuation metrics for KEYS: ROE of 4.5% (sector avg: 15%), net margin of 17.6% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy KEYS stock in 2026?
Our dual AI analysis gives Keysight Technologies, Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is KEYS's free cash flow?
Keysight Technologies, Inc.'s operating cash flow is $441.0M, with capital expenditures of $34.0M. FCF margin is 25.4%.
How does KEYS compare to other Industrial stocks?
Vs Industrial sector averages: Net margin 17.6% (avg: 10%), ROE 4.5% (avg: 15%), current ratio 2.60 (avg: 1.8).