Company Overview

Keysight Technologies Inc. is a prominent global leader in electronic test and measurement, providing innovative solutions that accelerate innovation. As an S&P 500 company traded on the New York Stock Exchange under the ticker symbol KEYS, Keysight delivers market-leading design, emulation, and test solutions to help engineers develop and deploy products faster and with less risk throughout the entire product lifecycle.

Business Overview

Keysight Technologies, Inc. offers a wide range of electronic design and test solutions worldwide, operating primarily through two key segments: the Communications Solutions Group (CSG) and the Electronic Industrial Solutions Group (EISG). The company is a leader in the field of testing and measurement, assisting electronics OEMs and suppliers in bringing products to market that meet industry standards and specifications.

The company serves a diverse array of industries, including:

- Communications and wireless technologies

- Industrial automation

- Aerospace and defense

- Automotive sector

- Semiconductor manufacturing

- General electronics markets

Product Portfolio

Keysight offers a comprehensive range of electronic test and measurement equipment, encompassing both core instruments and advanced solutions:

- Core Measurement Instruments:

- Oscilloscopes; electronic design automation software; instrument measurement software, instrument workflow software, application software testing, Keysight instrument control software and connectivity, and software testing; modular instruments; digital multimeters, phase noise measurement, power meters and power sensors, counters, LCR meters and impedance measurement products, and electrometers; spectrum, logic, noise figure, and network analyzers.

- Advanced Solutions:

- Signal, waveform, and function generators; arbitrary waveform generators, DC power supplies, and DC electronic loads; wireless drive test, radio access and core network test, wireless analyzers, wireless network emulators, channel emulation, and over-the-air test.

Financial Performance and Market Position

As of September 2025, Keysight Technologies holds a market capitalization of approximately $29.1 billion. The company's financial performance reflects its position in a dynamic technology sector.

Key Financial Metrics (as of September 2025):

- Market Capitalization: $28.85B (as of September 8, 2025)

- Trailing 12-month revenue: $5.24B (as of July 31, 2025)

- Shares outstanding: 171.86 million

- EPS (12 months): $3.16

Recent Annual Financial Performance:

- 2024 Revenue: $4.98 billion, a decrease of -8.88% compared to 2023's $5.46 billion.

- 2024 Earnings: $614.00 million, a decrease of -41.91%.

- Annual Net Income for 2024: $0.614B, a 41.91% decline from 2023.

Recent Quarterly Performance:

Keysight's fiscal third-quarter results exceeded management guidance for both revenue and earnings, with revenue rising 11% year over year and 4% sequentially to $1.35 billion. Fourth-quarter guidance indicated further sequential growth, with a sales midpoint of $1.38 billion.

For Q4 2024, Keysight reported Q4 revenue of $1.29B, down from $1.31B year-over-year, with a GAAP net loss of $73M primarily due to Singapore tax charges.

Business Segments

Keysight's operations are divided into two primary segments:

- Communications Solutions Group (CSG): This segment focuses on the wireless communications, aerospace, defense, and satellite communications markets. It provides solutions critical for 5G, IoT, and next-generation wireless technologies.

- Electronic Industrial Solutions Group (EISG): This segment serves the automotive, energy, industrial, and semiconductor markets, offering specialized test and measurement solutions tailored to these sectors.

Competitive Advantages

Keysight's substantial investment in research and development has cultivated a competitively advantaged portfolio, particularly in communications testing, which is difficult for other firms to replicate. The company's stated objective is to reduce customers' time to market and enhance efficiency for its more than 30,000 clients. While specializing in communications market testing, Keysight also actively expands its reach into other vital sectors such as government, automotive, industrial, and semiconductor manufacturing.

Leadership

The company is led by President and CEO Satish Dhanasekaran. He has consistently highlighted Keysight's strong execution capabilities and strategic market positioning. As he noted in recent earnings calls, "The demand environment remains consistent with our view of a gradual recovery in 2025."

Keysight Technologies continues to solidify its role as a critical partner for companies developing cutting-edge technologies, spanning from 5G networks to automotive electronics and aerospace applications. The company's enduring focus on innovation and customer partnership remains central to its business strategy as it navigates evolving market conditions and drives technological advancement.