Keysight Technologies KEYS
Keysight Technologies scores average on business quality (5.7 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Keysight Technologies does
Keysight Technologies provides electronic design and test solutions, selling hardware, software, and services to engineers and enterprises in communications, aerospace, and electronics. Customers rely on its measurement instruments to validate complex silicon and networks.
- What it does best
Keysight dominates precision electronic measurement, posting a gross margin of 64.7% that outpaces peers like Teledyne at 43.4% and Zebra at 49.6%. This pricing power stems from deep proprietary IP and entrenched calibration standards that make switching costly for engineers.
- The main risk
Sluggish growth sits at 8.0%, ranking in the 32nd percentile of its sector, leaving little room for execution missteps. If macroeconomic weakness suppresses lab equipment upgrades, top-line expansion stalls completely.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 20.3% while FCF margin reaches 22.3%, supported by a high gross margin. The business scales efficiently, converting a large share of revenue into cash.
High switching costs lock in enterprise engineering teams who rely on certified test ecosystems. Its gross margin ranks in the middle of the pack at the 56th percentile, reflecting stiff competition.
Revenue grew 8.0% to $6.6 billion, showing a modest recovery compared to the stagnant history seen in annual summaries.
Debt-to-equity stands at 0.4x with interest coverage at 12.3x, keeping debt servicing manageable. Free cash flow reached $1.5 billion, signaling solid cash generation getting slightly stronger.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
5 sold $3.5M outside pre-planned sales.
Our sealed record on KEYS
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Keysight Technologies scores average on the Cluenex quality check (5.7 of 10), measured against its own industry. Profitability is fair, moat strong, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: 5 sold $3.5M outside pre-planned sales.
Nov 23, 2026, after the close.
See KEYS today
- Today's verdict on KEYS, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Keysight Technologies (KEYS)”, https://cluenex.com/stocks/keys/, data as of Oct 10, 2026.