Keysight Technologies' April-quarter results were strong, and management raised its full-year outlook. Sales rose 32% year over year to $1.72 billion. Non-GAAP operating margin rose 820 basis points year on year to 33.3%. Management now expects fiscal 2026 growth in the high-20% range.
We think Keysight’s large research and development budget has created a competitively advantaged portfolio for communications testing that we don’t expect other firms would be able to easily replicate.
We think Keysight faces an uphill battle to disrupt an automotive testing market which we think is more fragmented and competitive.
|
Metric
|
KEYS
|
TER
|
EMR
|
|---|---|---|---|
Price/Earnings (Normalized) | 40.45 | 69.76 | 23.30 |
Price/Book Value | 9.46 | 20.08 | 3.95 |
Price/Sales | 9.94 | 16.89 | 4.41 |
Price/Cash Flow | 40.25 | 61.22 | 20.34 |
|
Metric
|
KEYS
|
TER
|
EMR
|
|---|---|---|---|
Quick Ratio | 1.33 | 1.34 | 0.46 |
Current Ratio | 1.90 | 2.15 | 0.87 |
Interest Coverage | 10.85 | 108.25 | 6.15 |
|
Metric
|
KEYS
|
TER
|
EMR
|
|---|---|---|---|
Return on Assets (Normalized) | 13.47% | 22.78% | 6.67% |
Return on Equity (Normalized) | 25.39% | 31.96% | 14.03% |
Return on Invested Capital (Normalized) | 17.44% | 30.60% | 9.01% |
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1-Day Chart
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United States