Q1 2026 Keysight Technologies Inc Earnings Call Transcript
Key Points
- Keysight Technologies Inc (KEYS) delivered outstanding results with both revenue and earnings per share exceeding the high end of their guidance range.
- The company experienced robust growth across business segments and key regions, driven by AI-driven technology transformations, next-generation connectivity, and defense modernization.
- The Communications Solutions Group saw a 27% revenue growth, driven by commercial communications and aerospace defense and government markets.
- The Electronic Industrial Solutions Group achieved record revenue with double-digit growth across general electronics, semiconductors, and automotive and energy markets.
- Keysight Technologies Inc (KEYS) has a strong pipeline of solutions and go-to-market momentum, positioning them well for future growth opportunities.
- The company faces risks and uncertainties that could cause actual results to differ materially from forward-looking statements.
- There is a potential impact from the recently announced Supreme Court decision regarding tariffs, which the company is still assessing.
- Operating expenses were $628 million, which, while in line with expectations, reflect continued investments in next-generation R&D.
- The acquisitions are currently operating at a significantly lower operating margin, which is dilutive to the overall operating margin in the first year.
- The company has less visibility beyond two quarters, which could impact their ability to accurately forecast future performance.
Good day, ladies and gentlemen, and welcome to Keyside Technologies first -- fiscal first quarter 2026 earnings conference call. My name is Victoria and I will be your lead operator today. (Operator Instructions)
This call is being recorded today, Monday, February 23, 2026, at 1:30 PM, Pacific Time. I would now like to hand the call over to Liz Morali, Vice President of Investor Relations. Please go ahead, Ms. Morali.
Good afternoon and thank you for joining us for Keysight's First Quarter Earnings Conference Call for Fiscal Year 2026. With me are Satish Dhanasekaran, President and CEO; and Neil Dougherty, Executive Vice President and CFO. Later, during the question-and-answer session, we will be joined by Kailash Narayanan, President of the Communications Solutions Group; and Steve Yoon, Senior Vice President of Global Sales.
The press release and information to supplement today's discussion can be found on our Investor Relations website, investor.keysight.com. During today's
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