KEYS Keysight (KEYS) Q2 FY26 earnings call
Keysight delivered a record quarter, driven by robust demand across its portfolio, particularly from AI data center expansions, aerospace/defense, and semiconductor markets. The company is capitalizing on its early leadership in the AI ecosystem and other secular growth opportunities, leading to raised full-year revenue expectations. Strategic investments in R&D and capacity are positioning Keysight for sustained value creation.
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KEYS operating KPIs by quarter
| KPI | Jan 2025 Q1 FY25 | Apr 2025 Q2 FY25 | Jul 2025 Q3 FY25 | Oct 2025 Q4 FY25 | Jan 2026 Q1 FY26 | This call Apr 2026 Q2 FY26 | Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Orders | $1.263BFirst quarter revenue of $1.298 billion was above the high end of our guidance range and up 3% on a reported and core basis, while orders of $1.263 billion were up 4% on a reported and core basis.Source: earnings call transcript | $1.316BOrders of $1.316 billion were up 8% on both the reported and core basis.Source: earnings call transcript | $1.34BOrders of $1.340 billion were up 7% on a reported basis or 6% on a core basis.Source: earnings call transcript | $1.533BOrders of $1.533 billion were up 14% on a reported basis or 12% on a core basis.Source: earnings call transcript | $1.645BOrders of $1.645 billion were up 30% on a reported basis and up 22% on a core basis.Source: earnings call transcript | $2.051BQ2 orders of $2.051 billion were up 56% on a reported basis, with acquisitions adding 700 basis points and currency adding 100 basis points.Source: earnings call transcript | $2.091BOrders of $2.091 billion were up 56% on a reported basis.Source: earnings call transcript | +2% |
| Backlog | $2.3BBacklog finished the quarter at $2.3 billion.Source: earnings call transcript | $2.4BKeysight currently has $2.4 billion in backlog and enters Q3 with a solid scheduled shipment position despite the dynamics and uncertainty of the current macroeconomic environment.Source: earnings call transcript | — | — | — | — | — | +4.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.