KEYS Keysight Technologies (KEYS) Q3 FY26 earnings call
Keysight delivered record Q3 FY26 results, driven by robust demand in AI infrastructure, 6G development, and defense modernization, leading to significant revenue and EPS growth. The company is raising its full-year outlook, though supply chain constraints are noted as a potential governor for near-term revenue conversion despite strong order momentum and pipeline growth. Management is confident in continued operating leverage and synergy realization.
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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 | Apr 2026 Q2 FY26 | This call 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.