Earnings Call
Aug 18, 2026
Q3 FY2026
EPS Estimate
2.48
EPS Actual
3.07
Post-Earnings Close
$319.45
Earnings Reaction
-6.3%
Keysight's fiscal third quarter 2026 was, by almost any measure, a blowout. Orders surged 56% year-over-year to $2.091 billion, revenue grew 36% to $1.846 billion, a $100 million beat versus the $1.746 billion consensus, and EPS of $3.07 crushed the $2.48 estimate by nearly 24%. Operating margin expanded 820 basis points to 33.2%, well above the company's own 31%, 32% long-term target range, and free cash flow came in at $403 million. Management raised Q4 guidance to $1.930, $1.950 billion in revenue and $3.34, $3.40 in EPS, implying full-year 2026 revenue growth of 32% and EPS growth of approximately 60%
Report generated on Aug 20, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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