Keysight Technologies, Inc.
Keysight Technologies, Inc. Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Keysight Technologies, Inc. Q2 FY26 key numbers
- Revenue
- Q3 2026 revenue is guided at $1.730 billion to $1.750 billion, representing ~29% year-over-year growth at the midpoint.
As stated in Keysight Technologies, Inc.'s Q2 FY26 earnings call transcript · published 29 May 2026. Reported figures, not investment advice.
The short version
- Keysight expects strong future growth, with fiscal 2026 revenue growth raised to the high 20% range, driven by a solid first half and a robust pipeline of opportunities. - The company expects continued strong revenue growth, with updated guidance indicating high 20% revenue growth for fiscal 2026.
From Keysight Technologies, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- Keysight expects strong future growth, with fiscal 2026 revenue growth raised to the high 20% range, driven by a solid first half and a robust pipeline of opportunities.
- Q3 2026 revenue is guided at $1.730 billion to $1.750 billion, representing ~29% year-over-year growth at the midpoint.
- The company anticipates a historically typical sequential revenue increase into Q4, with the second half of fiscal 2026 materially above the first half.
- Growth is broad-based across AI infrastructure, aerospace, defense, semiconductors, commercial communications (wireline and wireless), and space/satellite sectors.
- AI business, particularly wireline, finished H1 2026 at $500-$600 million, nearly equal to the full prior year, showing rapid expansion.
2 more points from Keysight Technologies, Inc.'s call on revenue
Create a free account to keep reading this call
Profitability & Margins
See what Keysight Technologies, Inc. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Keysight raised its fiscal 2026 capital expenditures guidance by approximately 25%, increasing from $160 million to $200 million to support ramping of new AI-related products transitioning from R&D to full production (Page 10).
- The majority of incremental CapEx is directed toward accelerating the ramp of new product introductions that enable AI infrastructure build-out.
- Ongoing investments focus on expanding manufacturing capacity to meet strong demand, especially in AI and wireline businesses (Pages 10, 12).
- Keysight is continuing to invest in long-term technology trends such as AI, quantum computing, space/satellite, and 6G to capitalize on multi-year growth opportunities (Pages 7, 12).
2 more points from Keysight Technologies, Inc.'s call on capex
Create a free account to keep reading this call
Fundraising & Capital Structure
See what Keysight Technologies, Inc. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Q2 orders reached a record $2.051 billion, up 56% on a reported basis and 48% on a core basis (excluding acquisitions and currency).
- The order funnel remains "really, really strong" with increasing funnel intake, pipeline, velocity, and conversion rates.
- There is strong engagement with both new and existing customers, fueling a robust pipeline.
- Orders outperformed expectations with a book-to-bill ratio above 1, reflecting strong customer urgency especially in AI infrastructure.
2 more points from Keysight Technologies, Inc.'s call on order book
Create a free account to keep reading this call
What the Q2 FY26 call signalled
4 of 4 strong
Continue your research
Others in Electronic Equipment, Instruments and Components this season
- Cognex Corporation (Q2 FY26)
Cognex Corporation Q2 FY26 quarterly results analysis. **Strong start in 2026:** Q1 revenue grew 24% YoY (21% constant currency) with continued momentum into Q2
- Arrow Electronics, Inc. (Q2 FY26)
Arrow Electronics, Inc. Q2 FY26 quarterly results analysis. Arrow expects continued operational momentum and profitable growth throughout the year. Market Cap $
- Littelfuse, Inc. (Q2 FY26)
Littelfuse, Inc. Q2 FY26 quarterly results analysis. Littelfuse expects continued solid demand supported by strong backlog and customer traction into Q2 2026. M
- Zebra Technologies Corporation (Q2 FY26)
Zebra Technologies Corporation Q2 FY26 quarterly results analysis. Full-year sales growth expected between 10% and 14%, reflecting a 1-point increase at the mid
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
Keysight Technologies, Inc. and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Keysight Technologies, Inc. Q2 FY26 results?
- Keysight expects strong future growth, with fiscal 2026 revenue growth raised to the high 20% range, driven by a solid first half and a robust pipeline of opportunities. - The company expects continued strong revenue growth, with updated guidance indicating high 20% revenue growth for fiscal 2026.
What is Keysight Technologies, Inc. share price analysis?
Keysight Technologies, Inc. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 57.1 with a market cap of $58,162. Investors should review the full earnings analysis for detailed insights.
Is Keysight Technologies, Inc. planning capital expenditure?
- Keysight raised its fiscal 2026 capital expenditures guidance by approximately 25%, increasing from $160 million to $200 million to support ramping of new AI-related products transitioning from R&D to full production (Page 10).
Keep Keysight Technologies, Inc. on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.