FINANCE NOTE

Keysight Technologies (NYSE: KEYS) — Q3 FY2026 Post Earnings

Operations

Q3 2026
Q3 Revenue ↑ 36.5% YoY $1.85B
Segments
Communications Solutions Group 72.9%
Electronic Industrial Solutions Group 27.1%

Key Earnings Driver

Terabit Transceivers Communications Solutions Group revenue increased 43.1% to $1.345B. Within Communications Solutions Group, Commercial Communications increased 56.2% to $1.01B. Keysight stated the year-over-year increase in revenue was primarily driven by our customers R&D spend in terabit solutions and expanding 400G/800G/1.6 terabit transceiver manufacturing capacity to meet rising demand for AI capabilities. Electronic Industrial Solutions Group revenue increased 21.6% to $501M.

Key Operating Metrics¹

METRIC

STATUS

Communications Solutions Group↑ 43.1%

Commercial Communications↑ 56.2%

Terabit transceivers

🟢 Scaling

Aerospace, Defense, and Government↑ 14.5%

Electronic Industrial Solutions Group↑ 21.6%

Key Financial Metrics

Gross Margin 65.87% +4.19 pp YoY
Backlog / Revenue 146.1% 1.46x Qtr Rev
CapEx Intensity 1.84% 0.01x Revenue

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Keysight Technologies website and/or SEC filings for Q3, with status based on reported data.