Core Viewpoint - Keysight Technologies, Inc. is expected to report third-quarter fiscal 2025 results on August 19, with anticipated revenue growth driven by various market strengths and collaborations [1][11]. Group 1: Revenue Expectations - Keysight is projected to report revenues of $1.31 billion for the third quarter, reflecting a year-over-year increase from $1.22 billion [7][11]. - The Communications Solutions Group segment is estimated to generate $909.4 million, indicating a 7.4% year-over-year growth [6]. - Revenues from the Electronic Industrial Solutions Group are expected to reach $401.3 million [6]. Group 2: Collaborations and Innovations - Keysight's collaboration with AMD involves the use of its solutions for testing electrical compliance for pre-production AMD server CPUs, enhancing demand for its products [3]. - The partnership with Synopsis aims to streamline the migration of analog and RF circuits to new process nodes, which is expected to accelerate time to market and increase demand for Keysight's solutions [4]. - Keysight's deployment of the Quantum Control System in Fujitsu's 256-qubit superconducting quantum computer and the delivery of a large commercial quantum control system to a Japanese institute highlight its advancements in Quantum Computing [5]. Group 3: Earnings Insights - The consensus estimate for adjusted earnings per share is $1.68, an increase from $1.57 reported a year ago [7][11]. - Keysight's Earnings ESP is 0.00%, indicating no definitive prediction for an earnings beat in the upcoming quarter [9].

Core Insights - Analysts project that Keysight (KEYS) will report quarterly earnings of $1.68 per share, reflecting a 7% year-over-year increase [1] - Revenue is expected to reach $1.31 billion, marking a 7.9% increase from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised 0.8% lower over the last 30 days, indicating a reevaluation by analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and short-term stock performance [3] Revenue Projections - Revenue from the Communications Solutions Group is estimated at $917.23 million, an increase of 8.3% year over year [5] - Revenue from Commercial Communications is projected at $617.75 million, reflecting an 8% increase from the prior-year quarter [5] - Revenue from Aerospace, Defense & Government is estimated at $299.47 million, suggesting an 8.9% year-over-year increase [6] - Revenue from the Electronic Industrial Solutions Group is expected to reach $396.45 million, indicating a 7.2% increase year over year [6] Income from Operations - Income from operations for the Electronic Industrial Solutions Group is projected at $88.33 million, up from $74.00 million a year ago [7] - Income from operations for the Communications Solutions Group is expected to be $253.54 million, compared to $223.00 million in the same quarter last year [7] Stock Performance - Over the past month, Keysight shares have returned +6.2%, outperforming the Zacks S&P 500 composite's +3.5% change [8] - Keysight holds a Zacks Rank 3 (Hold), suggesting performance alignment with the overall market in the upcoming period [8]

Group 1 - The stock of Keysight Technologies, Inc. (KEYS) is experiencing significant attention due to high implied volatility in the options market, particularly for the Aug 15, 2025 $270.00 Put option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a substantial move in Keysight Technologies' stock, potentially due to an upcoming event [2] - Keysight Technologies currently holds a Zacks Rank 3 (Hold) in the Electronics - Measuring Instruments industry, which is in the top 24% of the Zacks Industry Rank [3] Group 2 - Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while three analysts have lowered their estimates, resulting in a decrease of the Zacks Consensus Estimate from $1.72 to $1.68 per share [3] - The high implied volatility may indicate a trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility, aiming for the underlying stock to not move as much as expected at expiration [4]

Core Viewpoint - Keysight's ML Optimizer offers a revolutionary solution for semiconductor parameter extraction, addressing the complexities and inefficiencies of traditional optimization methods [2][29]. Group 1: Challenges in Parameter Extraction - The complexity of semiconductor device models has increased, making parameter extraction a significant challenge due to the large number of interrelated parameters [6][11]. - Traditional optimization algorithms, such as Newton-Raphson and Levenberg-Marquardt, often get trapped in local optima, leading to suboptimal extraction results [7][9]. Group 2: Introduction of ML Optimizer - Keysight introduced the ML Optimizer, which utilizes machine learning techniques to dynamically learn the optimization space, allowing for simultaneous optimization of over 40 parameters and multiple target plots [12][13]. - The ML Optimizer is designed to be robust against noise and does not rely on gradient information, making it more effective in non-convex spaces [12][13]. Group 3: Practical Applications and Benefits - In practical applications, the ML Optimizer demonstrated its efficiency by achieving good fitting for a diode model in approximately 300 trials, regardless of initial conditions [16]. - For the GaN HEMT model, the ML Optimizer completed parameter extraction in under 6000 trials within minutes, showcasing its speed and effectiveness [17]. - The optimizer enhances convergence and robustness through an integrated cost function, allowing it to handle complex models like BSIM4 and ASM-HEMT [18][19]. Group 4: Summary and Future Outlook - The ML Optimizer significantly simplifies the parameter extraction process, reducing modeling time from several days to just hours while improving fitting quality and consistency [29]. - The tool was showcased at IC-CAP 2025, with a recorded webinar available for further insights and demonstrations [23].

Core Viewpoint - Keysight's shares have declined by approximately 1.4% since the last earnings report, underperforming the S&P 500, raising questions about the potential for a breakout or continued negative trend leading up to the next earnings release [1]. Estimates Movement - Estimates for Keysight have trended downward over the past month, indicating a negative shift in expectations [2]. VGM Scores - Keysight currently holds an average Growth Score of C, a Momentum Score of F, and a Value Score of C, placing it in the middle 20% for the value investment strategy. The overall aggregate VGM Score is D, which is relevant for investors not focused on a single strategy [3]. Outlook - The downward trend in estimates suggests a negative outlook for Keysight, with a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4].

Core Viewpoint - The article discusses the challenges in semiconductor parameter extraction due to the complexity of device models and the limitations of traditional optimization algorithms, introducing Keysight's ML Optimizer as a revolutionary solution to enhance efficiency and accuracy in this process [1][4]. Group 1: Challenges in Semiconductor Parameter Extraction - The complexity of semiconductor device models has made parameter extraction increasingly challenging, with traditional optimization algorithms often getting stuck in local optima due to unclear gradient changes [1]. - The presence of numerous interrelated parameters in modern semiconductor models leads to inefficiencies in traditional methods, requiring engineers to break down the extraction process into lengthy sub-steps, which can take days or even weeks [1]. Group 2: Introduction of ML Optimizer - Keysight has launched the ML Optimizer, a machine learning-based global optimizer that simplifies the parameter extraction process by synchronously handling vast amounts of data in a single step, reducing the extraction time from days to just hours [2][4]. - The ML Optimizer excels in navigating non-convex parameter spaces, utilizing advanced machine learning algorithms to find global optima more accurately, thereby improving the precision of parameter extraction and the consistency of overall fitting [4]. Group 3: Live Demonstration and Applications - A live demonstration is scheduled to showcase the ML Optimizer's effectiveness in various device modeling tasks, including diodes, GaN HEMTs, MOSFETs, and BJTs, with interactive elements and prizes for participants [4][6]. - The event will feature experts from Keysight, including application engineers and product managers, who will discuss the application of artificial neural networks and the ML Optimizer in device modeling [8][11].

Table of Contents FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-36334 KEYSIGHT TECHNOLOGIES, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) (State or other ju ...

Core Insights - Keysight's total revenue for the quarter ending April 2025 was $1.32 billion, reflecting an 8% increase [4] - The analysis of international operations is essential for understanding Keysight's financial strength and growth potential [1][2] International Revenue Breakdown - Asia Pacific generated $488 million, accounting for 37.08% of total revenue, which was a -3.81% surprise compared to the projected $507.31 million [5] - Europe contributed $259 million, making up 19.68% of total revenue, exceeding the consensus estimate of $238.77 million by +8.47% [6] Future Revenue Expectations - Analysts expect Keysight to report $1.31 billion in total revenue for the current fiscal quarter, indicating a 7.8% increase from the prior year [7] - For the full year, total revenue is projected to reach $5.29 billion, up 6.1% from the previous year, with Asia Pacific and Europe expected to contribute $2.04 billion (38.7%) and $998.23 million (18.9%) respectively [8] Market Dynamics - Keysight's reliance on international markets presents both opportunities and challenges, necessitating close monitoring of international revenue trends to forecast future performance [9] - The intricate global interdependence and geopolitical factors are critical for analysts when adjusting earnings forecasts for companies with international operations [10]

Core Viewpoint - The article highlights the challenges in semiconductor parameter extraction due to the complexity of device models and the inefficiencies of traditional optimization algorithms. It introduces Keysight's ML Optimizer, a machine learning-based global optimizer that significantly improves the parameter extraction process, reducing the time from days to hours and enhancing accuracy and consistency in model fitting [1]. Group 1: Challenges in Semiconductor Parameter Extraction - The complexity of semiconductor device models has made parameter extraction increasingly challenging [1]. - Traditional optimization algorithms struggle with unclear gradient changes, often getting trapped in local optima, leading to unsatisfactory extraction results [1]. - The presence of numerous interrelated parameters in modern semiconductor models further complicates the efficiency of traditional methods, requiring engineers to break down the extraction process into lengthy sub-steps [1]. Group 2: Introduction of ML Optimizer - Keysight has launched the ML Optimizer, which utilizes machine learning to revolutionize semiconductor parameter extraction [1]. - The ML Optimizer can process vast amounts of data in a single step, greatly simplifying the parameter extraction workflow [1]. - The time required for parameter extraction is reduced from several days to just a few hours, significantly enhancing work efficiency [1]. Group 3: Advantages of ML Optimizer - The ML Optimizer excels in navigating non-convex parameter spaces, overcoming the limitations of traditional methods [1]. - It provides more accurate global optimum solutions, improving the precision of parameter extraction and the overall consistency of model fitting [1]. - This advancement offers a solid foundation for the accurate construction of semiconductor device models [1]. Group 4: Upcoming Live Event - A live event will showcase the effectiveness of the ML Optimizer in various device modeling tasks, including diodes, GaN HEMT, MOSFET, and BJT [2]. - The event is scheduled for June 10, 2025, from 14:00 to 14:45 [4]. - Participants will have the opportunity to engage in interactive activities, including a lottery for prizes [2]. Group 5: Key Speakers - Li Yiao, a device modeling application engineer at Keysight, specializes in applying artificial neural networks and ML Optimizer in device modeling [7]. - Deng Jiayuan, a product manager at Keysight, has extensive experience in providing technical support for semiconductor customers and is involved in the development of modeling products [10].

Company Overview - Keysight Technologies Inc. is perceived to be overvalued at its current price, indicating a potential for a market correction soon [1]. Analyst Perspective - The analysis reflects a cautious outlook on Keysight Technologies, suggesting that current market enthusiasm may not be justified [1]. Investment Strategy - The investment approach focuses on identifying companies with strong fundamentals and competitive advantages, particularly in sectors like technology, healthcare, consumer goods, and industrials [1]. Community Engagement - The analysis aims to connect with like-minded investors and provide insights that contribute to thoughtful discussions about market dynamics [1].