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Keysight: Fiscal Q3 Earnings Snapshot
The company projected 29% revenue growth and 43% non-GAAP EPS growth as AI test-and-measurement demand lifted quarterly orders and revenue.
Keysight Technologies reports Q3 FY2026 earnings after market close on Tuesday, with shares down 7.3% today as investors await results on AI test and measurement demand.
Accelerating hyperscaler infrastructure spending has driven strong performance, with Keysight reporting H1 AI revenue between $500M and $600M. This surpassed the company's entire 2025 AI revenue in just six months.
Consensus estimates project Q3 revenue between $1.730B and $1.750B, with non-GAAP EPS ranging from $2.43 to $2.49. This guidance implies 29% revenue growth and 43% EPS increase year-over-year.
Despite a 102.85% share price surge over the past year, Management attributed a modest sequential dip from Q2 records to product mix and new product introduction ramp timing.
The Commercial Communications segment, which grew 40% year-over-year, remains a key focus area. Updates on 6G standardization at next month's meeting in Singapore will be critical for FY2027 setup.