Q2 2026 Keysight Technologies Inc Earnings Call Transcript

May 19, 2026 / 08:30PM GMT

Release Date Price: €287 (-2.30%)

Transcript 8-K

Key Points

Positve

Keysight Technologies Inc (KEYS) delivered the best quarter in company history with a 56% year-over-year growth in orders, surpassing $2 billion.
Revenue grew by 31%, and earnings per share increased by 69%, demonstrating strong financial performance.
The company generated a record $472 million in free cash flow, highlighting efficient cash management.
Keysight Technologies Inc (KEYS) raised its growth expectations for fiscal 2026, anticipating revenue growth in the high 20% range.
Strong demand was observed across multiple sectors, including AI data centers, aerospace, defense, and semiconductors, indicating a broad-based growth strategy.

Negative

Despite strong performance, the Q3 revenue guidance suggests a slight decline compared to Q2, indicating potential challenges in maintaining momentum.
The company is actively managing supply chain issues, which could impact future production and delivery timelines.
There is a significant reliance on AI-related business, which, while currently strong, could pose risks if market dynamics shift.
The acquisitions have not yet led to an uptick in revenue expectations, suggesting integration challenges or slower-than-expected market response.
The company faces potential risks from evolving technology markets, where customer efficiency improvements and new technologies could alter demand dynamics.

Operator

Good day, ladies and gentlemen, and welcome to Keysight Technologies fiscal second quarter 2026 earnings conference call. My name is Abby, and I will be your operator today. (Operator Instructions) This call is being recorded today, Tuesday, May 19, 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.

Liz Morali Keysight Technologies Inc;Head of Investor Relations

Good afternoon, and thank you for joining us for Keysight's Second Quarter Earnings Conference Call for Fiscal Year 2026. Joining me on today's call are Satish Dhanasekaran, President and CEO; Neil Dougherty, Executive Vice President and CFO; Kailash Narayanan, President of the Communications Solutions Group; Jason Kary, President of the Electronic Industrial Solutions Group; and Steve Yoon, Senior Vice President of Global Sales.

Following the prepared remarks from Satish and Neil, we will take your questions. The press release and information to supplement today's discussion can

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