KEYS — Keysight Technologies Inc. · Research

Numbers on the wire.

Market cap

$53.7B

P/E (TTM)

51.22

P/S (TTM)

8.87

EV / EBITDA

39.87

Gross margin

63.67%

Op margin

18.17%

Net margin

17.31%

FCF margin

—

Rev growth YoY

19.19%

EPS growth YoY

43.01%

ROE

17.50%

ROA

9.33%

Debt / Equity

0.40

Current ratio

1.90

Price / Book

9.48

Beta

1.22

Layer Presence.

Quantum Computing (Superconducting Qubits)Integrated control electronics, qubit drivers, and pulse generators for superconducting qubit operation.70%
Quantum Sensing & MetrologyQuantum atomic clocks and optical lattice clocks for precision timing, navigation (GPS-denial environments), and quantum network synchronization.62%
Quantum Sensing & MetrologyDefense quantum sensing integration: quantum radar, atomic gravimetry for submarine detection, quantum gyroscopes for GPS-denial navigation.65%
Quantum Supporting Hardware & CryogenicsHigh-frequency control electronics, pulse generators, signal routing, and qubit control boards (DC-GHz).72%

Keysight is the largest public supplier of quantum control electronics. Quantum segment ~3-5% of $5B revenue growing 15%+ YoY. General-purpose instruments, not quantum-specific. Risk: specialized vendors (Zurich Instruments, Quantum Machines) may capture quantum-specific market share.

KEYS — Keysight Technologies Inc.

Numbers on the wire.

Layer Presence.

From the EDGAR wire.

From the tape.