Keysight Technologies, Inc.
KEYS · Industrial Instruments For Measurement, Display, and Control · 170.9M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $567M (gross $702M, SBC $135M)
Reference price $346.58 · est. market cap ~$59.2B — last insider sale, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A86Keysight is a dominant, wide-moat test-and-measurement franchise with top-tier returns, margins, and cash generation across the sector.
Strengths
- Top-decile profitability and cash generation: ROE 100th pct, ROA 94th, FCF margin 100th, OCF margin 92.9th, net margin 85.7th
- Durable moat from 80+ years of measurement-science IP, ~40,000 customers, large installed base and growing software/services recurring revenue
- Strong fundamentals: revenue +8%, net income +38%, current ratio 2.35, manageable debt/equity 0.43, interest coverage 9.1x
Risks
- Heavy international exposure with rising tariff/trade-restriction and China-related risk
- Cyclical R&D/capex-driven demand sensitive to macro and semiconductor downturns
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $2.1B cash & investments
- China exposureSuch risks and uncertainties include, but are not limited to, the impact of global economic conditions such as inflation or potential recession, the impacts of increased trade tensions such as an impo
- Insider sellingInsider selling — 9 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$13M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
62.1%
Operating margin
16.3%
Net margin
15.8%
Return on equity
14.5%
Return on assets
7.5%
ROIC
8.2%
Revenue growth (QoQ)
7.3%
Net-income growth
38.4%
Debt / equity
0.4×
Interest coverage
9.1×
Current ratio
2.4×
Free cash flow
$1.3B
Tangible book value
$1.2B
Cash & investments
$2.1B
Stock comp / revenue
3.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-02 | CULLEN JAMES | Sell | 3.0K | $346.58 |
| 2026-05-26 | JUSKIE JO ANN | Tax withheld | 136 | $355.74 |
| 2026-05-18 | Dhanasekaran Satish | Tax withheld | 500 | $340.48 |
| 2026-03-30 | HAMADA RICHARD P | Sell | 870 | $275.78 |
| 2026-03-24 | Dougherty Neil | Sell | 2.0K | $298.37 |
| 2026-03-24 | Dhanasekaran Satish | Sell | 1.7K | $300.00 |
| 2026-03-24 | Li Jeffrey K | Sell | 2.0K | $297.19 |
| 2026-03-20 | NYE JEAN MCCLUNG | Grant | 870 | — |
| 2026-03-20 | Stephens Kevin A | Grant | 870 | — |
| 2026-03-20 | Olsen Joanne Beth | Grant | 870 | — |
| 2026-03-20 | Nersesian Ronald S. | Grant | 870 | — |
| 2026-03-20 | Jensen Keith | Grant | 870 | — |
| 2026-03-20 | Dockendorff Charles J | Grant | 870 | — |
| 2026-03-20 | HAMADA RICHARD P | Grant | 870 | — |
| 2026-03-20 | CULLEN JAMES | Grant | 870 | — |
| 2026-03-20 | Holthaus Michelle Johnston | Grant | 870 | — |
| 2026-03-19 | Dhanasekaran Satish | Sell | 1.7K | $290.00 |
| 2026-03-17 | Nersesian Ronald S. | Sell | 30K | $285.96 |
| 2026-02-27 | JUSKIE JO ANN | Sell | 1.0K | $304.42 |
| 2026-02-20 | Estrada Ingrid A | Sell | 2.0K | $237.68 |
| 2026-01-12 | Nersesian Ronald S. | Tax withheld | 5.0K | $206.35 |
| 2025-12-30 | YOON SUNG | Gift | 500 | — |
| 2025-12-30 | YOON SUNG | Sell | 889 | $206.66 |
| 2025-12-30 | Dougherty Neil | Gift | 561 | — |
| 2025-12-22 | Dougherty Neil | Sell | 1.0K | $203.72 |
| 2025-12-11 | YOON SUNG | Tax withheld | 152 | $201.40 |
| 2025-12-11 | JUSKIE JO ANN | Tax withheld | 203 | $201.40 |
| 2025-12-11 | KARY JASON ANDREW | Tax withheld | 112 | $201.40 |
| 2025-12-11 | PAGE JOHN | Tax withheld | 70 | $201.40 |
| 2025-12-11 | Dougherty Neil | Tax withheld | 358 | $201.40 |
| 2025-12-11 | Estrada Ingrid A | Tax withheld | 218 | $201.40 |
| 2025-12-11 | Dhanasekaran Satish | Gift | 2.4K | — |
| 2025-12-10 | PAGE JOHN | Sell | 15K | $213.48 |
| 2025-12-10 | PAGE JOHN | Gift | 150 | — |
| 2025-12-10 | NYE JEAN MCCLUNG | Gift | 485 | — |
| 2025-12-09 | Dhanasekaran Satish | Sell | 4.2K | $211.43 |
| 2025-12-04 | NYE JEAN MCCLUNG | Gift | 2.5K | — |
| 2025-12-03 | Li Jeffrey K | Sell | 3.9K | $200.84 |
| 2025-12-03 | Li Jeffrey K | Gift | 200 | — |
| 2025-12-01 | Estrada Ingrid A | Sell | 4.8K | $196.42 |
| 2025-12-01 | NARAYANAN KAILASH | Sell | 3.2K | $196.42 |
| 2025-12-01 | Dhanasekaran Satish | Sell | 13K | $196.42 |
| 2025-12-01 | PAGE JOHN | Sell | 3.2K | $196.42 |
| 2025-11-28 | Nersesian Ronald S. | Sell | 30K | $196.88 |
| 2025-11-21 | POOLE LISA M. | Tax withheld | 45 | $172.71 |
| 2025-11-20 | Dougherty Neil | Tax withheld | 1.5K | $169.67 |
| 2025-11-20 | Li Jeffrey K | Tax withheld | 933 | $169.67 |
| 2025-11-20 | PAGE JOHN | Tax withheld | 465 | $169.67 |
| 2025-11-20 | JUSKIE JO ANN | Tax withheld | 109 | $169.67 |
| 2025-11-20 | Estrada Ingrid A | Grant | 9.3K | — |
| 2025-11-20 | NARAYANAN KAILASH | Tax withheld | 966 | $169.67 |
| 2025-11-20 | Jensen Keith | Grant | 397 | — |
| 2025-11-20 | Dhanasekaran Satish | Tax withheld | 4.0K | $169.67 |
| 2025-11-20 | POOLE LISA M. | Tax withheld | 122 | $169.67 |
| 2025-11-20 | KARY JASON ANDREW | Tax withheld | 415 | $169.67 |
| 2025-11-20 | YOON SUNG | Tax withheld | 185 | $169.67 |
| 2025-11-20 | Estrada Ingrid A | Tax withheld | 959 | $169.67 |
| 2025-11-19 | PAGE JOHN | Grant | 3.0K | — |
| 2025-11-19 | JUSKIE JO ANN | Grant | 362 | — |
| 2025-11-19 | JUSKIE JO ANN | Tax withheld | 180 | $174.61 |
| 2025-11-19 | JUSKIE JO ANN | Grant | 4.4K | — |
| 2025-11-19 | YOON SUNG | Grant | 507 | — |
| 2025-11-19 | YOON SUNG | Tax withheld | 24 | $174.61 |
| 2025-11-19 | YOON SUNG | Grant | 6.4K | — |
| 2025-11-19 | KARY JASON ANDREW | Grant | 679 | — |
| 2025-11-19 | KARY JASON ANDREW | Tax withheld | 337 | $174.61 |
| 2025-11-19 | KARY JASON ANDREW | Grant | 4.8K | — |
| 2025-11-19 | POOLE LISA M. | Grant | 540 | — |
| 2025-11-19 | POOLE LISA M. | Tax withheld | 188 | $174.61 |
| 2025-11-19 | POOLE LISA M. | Grant | 1.7K | — |
| 2025-11-19 | NARAYANAN KAILASH | Grant | 3.8K | — |
| 2025-11-19 | NARAYANAN KAILASH | Tax withheld | 1.8K | $174.61 |
| 2025-11-19 | NARAYANAN KAILASH | Grant | 11K | — |
| 2025-11-19 | Li Jeffrey K | Grant | 4.2K | — |
| 2025-11-19 | Li Jeffrey K | Tax withheld | 2.1K | $174.61 |
| 2025-11-19 | Li Jeffrey K | Grant | 7.8K | — |
| 2025-11-19 | Dhanasekaran Satish | Grant | 16K | — |
| 2025-11-19 | Dhanasekaran Satish | Tax withheld | 7.8K | $174.61 |
| 2025-11-19 | Dhanasekaran Satish | Grant | 33K | — |
| 2025-11-19 | PAGE JOHN | Grant | 2.6K | — |
| 2025-11-19 | PAGE JOHN | Tax withheld | 1.3K | $174.61 |
| 2025-11-19 | Dougherty Neil | Grant | 8.1K | — |
| 2025-11-19 | Dougherty Neil | Tax withheld | 4.0K | $174.61 |
| 2025-11-19 | Dougherty Neil | Grant | 15K | — |
| 2025-11-19 | Estrada Ingrid A | Grant | 4.3K | — |
| 2025-11-19 | Estrada Ingrid A | Tax withheld | 2.1K | $174.61 |
| 2025-11-17 | KARY JASON ANDREW | Tax withheld | 101 | $175.51 |
| 2025-11-17 | PAGE JOHN | Tax withheld | 336 | $175.51 |
| 2025-11-17 | Li Jeffrey K | Tax withheld | 519 | $175.51 |
| 2025-11-17 | JUSKIE JO ANN | Tax withheld | 54 | $175.51 |
| 2025-11-17 | Dougherty Neil | Tax withheld | 992 | $175.51 |
| 2025-11-17 | NARAYANAN KAILASH | Tax withheld | 201 | $175.51 |
| 2025-11-17 | Dhanasekaran Satish | Tax withheld | 1.6K | $175.51 |
| 2025-11-17 | Estrada Ingrid A | Tax withheld | 551 | $175.51 |
| 2025-11-17 | YOON SUNG | Tax withheld | 38 | $175.51 |
| 2025-11-17 | Nersesian Ronald S. | Tax withheld | 3.2K | $175.51 |
| 2025-11-14 | Li Jeffrey K | Tax withheld | 956 | $179.06 |
| 2025-11-14 | Li Jeffrey K | Tax withheld | 688 | $179.06 |
| 2025-11-14 | Dhanasekaran Satish | Tax withheld | 3.7K | $179.06 |
| 2025-11-14 | Dhanasekaran Satish | Tax withheld | 2.6K | $179.06 |
| 2025-11-14 | PAGE JOHN | Tax withheld | 489 | $179.06 |
| 2025-11-14 | PAGE JOHN | Tax withheld | 395 | $179.06 |
| 2025-11-14 | Dougherty Neil | Tax withheld | 1.5K | $179.06 |
| 2025-11-14 | Dougherty Neil | Tax withheld | 1.2K | $179.06 |
| 2025-11-14 | Estrada Ingrid A | Tax withheld | 949 | $179.06 |
| 2025-11-14 | Estrada Ingrid A | Tax withheld | 661 | $179.06 |
| 2025-11-14 | Nersesian Ronald S. | Tax withheld | 2.5K | $179.06 |
| 2025-11-14 | JUSKIE JO ANN | Tax withheld | 56 | $179.06 |
| 2025-11-14 | JUSKIE JO ANN | Tax withheld | 69 | $179.06 |
| 2025-11-14 | YOON SUNG | Tax withheld | 65 | $179.06 |
| 2025-11-14 | YOON SUNG | Tax withheld | 37 | $179.06 |
| 2025-11-14 | KARY JASON ANDREW | Tax withheld | 129 | $179.06 |
| 2025-11-14 | KARY JASON ANDREW | Tax withheld | 105 | $179.06 |
| 2025-11-14 | POOLE LISA M. | Tax withheld | 110 | $179.06 |
| 2025-11-14 | POOLE LISA M. | Tax withheld | 32 | $179.06 |
| 2025-11-14 | NARAYANAN KAILASH | Tax withheld | 603 | $179.06 |
| 2025-11-14 | NARAYANAN KAILASH | Tax withheld | 438 | $179.06 |
| 2025-10-17 | JUSKIE JO ANN | Grant | 3.0K | — |
| 2025-10-17 | Li Jeffrey K | Grant | 3.0K | — |
| 2025-09-17 | Estrada Ingrid A | Sell | 2.0K | $173.98 |
| 2025-09-17 | POOLE LISA M. | Sell | 142 | $173.56 |
| 2025-08-01 | POOLE LISA M. | Tax withheld | 32 | $158.68 |
| 2025-07-25 | KARY JASON ANDREW | Tax withheld | 1.6K | $166.45 |
| 2025-06-30 | Dougherty Neil | Sell | 12K | $164.60 |
| 2025-06-20 | Estrada Ingrid A | Sell | 10K | $158.97 |
| 2025-05-30 | Dhanasekaran Satish | Sell | 658 | $157.78 |
| 2025-05-30 | PAGE JOHN | Sell | 7.4K | $157.78 |
| 2025-05-29 | Stephens Kevin A | Buy | 280 | $159.00 |
| 2025-05-26 | JUSKIE JO ANN | Grant | 1.2K | — |
| 2025-05-22 | HAMADA RICHARD P | Sell | 1.6K | $162.00 |
| 2025-05-16 | Dhanasekaran Satish | Tax withheld | 348 | $165.40 |
| 2025-05-14 | Estrada Ingrid A | Grant | 13K | — |
| 2025-05-14 | Estrada Ingrid A | Tax withheld | 6.4K | $164.46 |
| 2025-05-14 | Dougherty Neil | Grant | 22K | — |
| 2025-05-14 | Dougherty Neil | Tax withheld | 10K | $164.46 |
| 2025-05-14 | PAGE JOHN | Grant | 13K | — |
| 2025-05-14 | PAGE JOHN | Tax withheld | 5.5K | $164.46 |
| 2025-05-14 | WALLACE Mark ADAM | Grant | 13K | — |
| 2025-05-14 | WALLACE Mark ADAM | Tax withheld | 4.1K | $164.46 |
| 2025-05-14 | Gooi Soon Chai | Grant | 13K | — |
| 2025-03-27 | Dougherty Neil | Sell | 3.6K | $155.00 |
| 2025-03-27 | Dougherty Neil | Sell | 3.6K | $155.00 |
| 2025-03-21 | Dockendorff Charles J | Grant | 1.6K | — |
| 2025-03-21 | RANGO ROBERT A. | Grant | 1.6K | — |
| 2025-03-21 | NYE JEAN MCCLUNG | Grant | 1.6K | — |
| 2025-03-21 | Stephens Kevin A | Grant | 1.6K | — |
| 2025-03-21 | CULLEN JAMES | Grant | 1.6K | — |
| 2025-03-21 | HAMADA RICHARD P | Grant | 1.6K | — |
| 2025-03-21 | Lacouture Paul A | Grant | 1.6K | — |
| 2025-03-21 | Nersesian Ronald S. | Grant | 1.6K | — |
| 2025-03-21 | Holthaus Michelle Johnston | Grant | 1.6K | — |
| 2025-03-21 | Olsen Joanne Beth | Grant | 1.6K | — |
| 2025-01-10 | Nersesian Ronald S. | Tax withheld | 4.9K | $162.24 |
| 2024-12-30 | WALLACE Mark ADAM | Sell | 6.0K | $161.79 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-06-04 | 2026-04-30 | 0001601046-26-000024 ↗ |
| 8-K | 2026-05-19 | 2026-05-19 | 0001601046-26-000019 ↗ |
| 8-K | 2026-04-23 | 2026-04-21 | 0001601046-26-000017 ↗ |
| 8-K | 2026-03-24 | 2026-03-19 | 0001601046-26-000015 ↗ |
| 8-K | 2026-03-13 | 2026-03-12 | 0001601046-26-000011 ↗ |
| 10-Q | 2026-03-05 | 2026-01-31 | 0001601046-26-000008 ↗ |
| 8-K | 2026-02-23 | 2026-02-23 | 0001601046-26-000003 ↗ |
| 10-K | 2025-12-17 | 2025-10-31 | 0001601046-25-000127 ↗ |
| 8-K | 2025-11-24 | 2025-11-24 | 0001601046-25-000121 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001601046-25-000119 ↗ |
| 8-K | 2025-10-20 | 2025-10-20 | 0001601046-25-000104 ↗ |
| 10-Q | 2025-08-29 | 2025-07-31 | 0001601046-25-000091 ↗ |