Core Insights - Keysight Technologies, Inc. (KEYS) is expected to report higher year-over-year revenues for Q4 fiscal 2025, with a consensus estimate of $1.39 billion, up from $1.29 billion, and adjusted earnings per share projected at $1.85, an increase from $1.65 [11][10] Factors at Play - Keysight is benefiting from the increasing electronic content in vehicles, growth in space and satellite applications, and the global rise in driver-assistance systems adoption [2] Key Developments - Keysight has secured significant collaborations, including the selection of its BreakingPoint QuickTest solution by Fortinet for evaluating security capabilities and a partnership with Rapidus Corporation to develop a high-precision Process Design Kit for 2nm GAA semiconductors, which are expected to positively impact earnings [3] - The company achieved a milestone by completing the industry's first PSA Certified Level 4 security evaluation on Silicon Labs' Series 3 Secure Vault, enhancing security assurance for connected devices [4] - Keysight introduced Quantum System Analysis, an Electronic Design Automation solution that streamlines the simulation and optimization of quantum systems, which is anticipated to support net sales [5] Acquisitions - Keysight completed the acquisition of Spirent Communications, enhancing its portfolio in satellite emulation and network automation, which diversifies its offerings across various sectors [7] - The acquisition of Optical Solutions Group from Synopsys and PowerArtist from Ansys has significantly strengthened Keysight's design engineering software and computer-aided engineering capabilities [8] Revenue Expectations - Revenue estimates for the Communications Solutions Group segment are projected at $965.2 million, reflecting an 8% year-over-year growth, while the Electronic Industrial Solutions Group is expected to generate $414.2 million, a 5.4% increase year-over-year [9]

Company Overview - Keysight Technologies, Inc. is a leading provider of electronic design and test solutions across various industries including communications, electronics, aerospace, defense, and semiconductors, with a market cap of $30 billion [1] Stock Performance - Over the past 52 weeks, KEYS shares have increased by 14.8%, outperforming the S&P 500 Index, which gained 12.1% [2] - Year-to-date, KEYS stock is up 8.7%, lagging behind the S&P 500's 12.8% increase [2] - KEYS has underperformed the Technology Select Sector SPDR Fund (XLK), which rose by 21.5% over the past 52 weeks [3] Recent Developments - On October 10, KEYS shares dropped by 6.8% due to concerns over potential supply-chain pressures following U.S. threats of tariff hikes on China related to strategic minerals and rare earths [4] Earnings Outlook - For the fiscal year ending in October, analysts project KEYS' EPS to grow by 15.4% year-over-year to $6.28, with a strong earnings surprise history [5] - The consensus rating among 12 analysts is a "Strong Buy," with eight "Strong Buy," one "Moderate Buy," and three "Hold" ratings [5] Analyst Coverage - Citigroup analyst Atif Malik resumed coverage of KEYS with a "Buy" rating and a price target of $215, indicating a potential upside of 23.1% [6] - The mean price target is $196, suggesting a 12.3% premium from current levels, while the highest target of $220 indicates a 26% potential upside [6]

Core Insights - Keysight Technologies has introduced the A90 Application-Specific Automated Test Suite (ASATS), a scalable in-line flash programming solution aimed at enhancing efficiency in high-volume electronics manufacturing [2][4][6] - The system is designed to address the challenges posed by increasing firmware sizes, which can reach hundreds of megabytes, thereby reducing bottlenecks in production lines [3][5] Group 1: Product Features - The A90 ASATS features a modular architecture that supports up to 112 parallel programming channels, maximizing throughput and production efficiency [4][6] - It includes a compact design with side-by-side installation and same-height bypass conveyor, ensuring seamless integration into existing production lines [4][6] - Full compatibility with Keysight's i1000 FlexiCore fixtures simplifies deployment across various test environments [4][6] Group 2: Market Context - Electronics manufacturers are under increasing pressure to accelerate product testing while managing larger firmware payloads, making the A90 ASATS a timely solution [5] - The introduction of this system is expected to help manufacturers maintain high production efficiency without disrupting downstream processes [4][5]

Core Insights - Keysight (KEYS) is expected to report quarterly earnings of $1.85 per share, reflecting a year-over-year increase of 12.1% [1] - Projected revenues for the quarter are $1.39 billion, which represents an 8% increase from the previous year [1] - The consensus EPS estimate has been revised 1.2% lower in the last 30 days, indicating a reevaluation by analysts [1][2] Revenue Estimates - Revenue from the Communications Solutions Group is estimated at $976.78 million, showing a year-over-year change of +9.3% [4] - Revenue from Commercial Communications is projected to reach $660.85 million, indicating an increase of +11.8% year over year [4] - The Aerospace, Defense & Government revenue estimate stands at $315.94 million, reflecting a +4.3% change from the prior year [4] Income from Operations - Analysts estimate that income from operations for the Electronic Industrial Solutions Group will be $92.11 million, up from $83.00 million in the previous year [5] - The expected income from operations for the Communications Solutions Group is $256.94 million, compared to $249.00 million reported in the same quarter last year [6] Stock Performance - Over the past month, Keysight shares have returned +4.4%, contrasting with a -0.6% change in the Zacks S&P 500 composite [6] - Currently, Keysight holds a Zacks Rank 4 (Sell), suggesting potential underperformance in the near future [6]

Core Insights - Keysight Technologies has launched the i7090 Massively Parallel and Scalable Board Test System, aimed at enhancing high-volume PCBA manufacturing through a modular and unified testing platform [2][4][6] Company Overview - Keysight Technologies is positioned as a leader in providing innovative testing solutions for electronics manufacturers, focusing on efficiency and cost-effectiveness in production [2][6][10] Product Features - The i7090 system integrates multiple test capabilities, including in-circuit test (ICT), functional test (FCT), flash programming, LED testing, and boundary scan into a single platform, streamlining production workflows [8] - It supports up to 20 parallel test cores, significantly increasing throughput and efficiency in high-volume environments [4][8] - The compact design of the i7090 fits within a 600 mm footprint, allowing for easy scalability as production needs grow [8] Market Context - Electronics manufacturers face challenges in testing complex PCBAs at higher volumes while managing costs and factory space, often relying on multiple standalone testers [3][4] - The i7090 addresses these challenges by consolidating testing processes, thereby reducing production time and costs [4][6]

Core Viewpoint - Keysight (KEYS) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on November 24, with a consensus EPS estimate of $1.85 per share, reflecting a year-over-year increase of +12.1%. Revenues are projected to reach $1.39 billion, an 8% increase from the previous year [3][2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 1.18%, indicating a reassessment by analysts regarding the company's earnings prospects [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +2.98% for Keysight, suggesting that analysts have recently become more optimistic about the company's earnings. However, the stock holds a Zacks Rank of 4, complicating the prediction of an earnings beat [12]. Historical Performance - In the last reported quarter, Keysight exceeded the consensus EPS estimate of $1.68 by delivering earnings of $1.72, resulting in a surprise of +2.38%. The company has beaten consensus EPS estimates in all of the last four quarters [13][14]. Conclusion - While Keysight does not appear to be a strong candidate for an earnings beat, it is essential for investors to consider other factors when making investment decisions ahead of the earnings release [17].

Core Insights - The collaboration showcases the end-to-end validation of Next Generation eCall functionality across both 4G and 5G networks [1] Group 1 - The partnership emphasizes advancements in emergency communication technology [1] - The validation process is crucial for ensuring reliability and effectiveness in real-world scenarios [1] - The integration of 4G and 5G networks enhances the overall performance of eCall systems [1]

Core Insights - Keysight Technologies, Inc. has been recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for AI-Augmented Software Testing Tools, highlighting its strong position in the market [1] Company Summary - The recognition is based on an evaluation of technology providers regarding their vision and execution in the AI-driven testing solutions market [1] - The Gartner® Magic Quadrant™ is a trusted resource for technology decision-makers, aiding in the assessment and differentiation of vendors in key technology segments [1]

Core Insights - Keysight Technologies, Inc. has validated the first 5G new radio non-terrestrial networks test cases under PTCRB RFT-555 for 3GPP Release 17 [1] - The company leads in the total number of radio frequency transmitter and receiver test cases [1] - Keysight uniquely holds validated performance test cases for these networks [1]

Core Insights - Keysight Technologies has been awarded the 2025 TSIA STAR Award for Excellence in Omnichannel Customer Experience Optimization, recognizing its leadership in delivering a unified, AI-driven customer support experience that enhances customer success and satisfaction [1][4]. Company Overview - Keysight Technologies, Inc. is an S&P 500 company that provides market-leading design, emulation, and test solutions across various sectors, including communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics [5]. Customer Support Innovation - The award highlights Keysight's innovative approach to connecting customer interactions across digital and human-assisted channels, ensuring consistent and efficient engagement at every touchpoint [2]. - KeysightCare, the company's comprehensive customer support program, offers prioritized response and turnaround times within an integrated omnichannel framework, leading to faster resolution and improved predictability [3]. Leadership Commentary - Thomas Lah, Executive Director at TSIA, emphasized that Keysight's blend of AI-driven innovation and customer-centric design exemplifies best-in-class execution in omnichannel support [4]. - John Page, President of Global Services at Keysight, stated that the award reflects the company's commitment to reimagining customer engagement through AI-powered innovation and a unified service experience [4].