Is Keysight Technologies Stock Underperforming the Nasdaq?

Company Overview - Keysight Technologies, Inc. is based in Santa Rosa, California, and provides electronic design and test solutions across various industries, including energy, semiconductor, electronics, and defense [1] - The company has a market capitalization of $29.5 billion, categorizing it as a large-cap stock, which reflects its substantial size and influence in the scientific and technical instruments industry [2] Stock Performance - Keysight's stock reached a two-year high of $186.20 on February 19 and is currently trading 7.6% below that peak, with a nearly 6% gain over the past three months, which is significantly lower than the Nasdaq Composite's 13.4% increase during the same period [3] - Year-to-date, Keysight's stock has gained 7.1% and 15.1% over the past 52 weeks, while the Nasdaq Composite has surged by 15.7% in 2025 and 27% over the past year [4] Financial Results - In Q3, Keysight reported revenues of $1.4 billion, an 11.1% year-over-year increase, exceeding Street expectations by 2.9%. However, there was a contraction in adjusted net margin, resulting in a modest 8% growth in adjusted net income to $297 million [5] - The adjusted EPS of $1.72 surpassed consensus estimates significantly, and after an initial drop of nearly 3% following the Q3 results, the stock rebounded more than 5% in the subsequent trading sessions [6] Competitive Position - Compared to its peer Trimble Inc., Keysight has underperformed, with Trimble achieving 14.5% gains in 2025 and a 38.5% increase over the past 52 weeks [7]