KEYS — Keysight Technologies Inc.
RF/microwave test and measurement company; supplies AWG pulse generators, network analyzers, and FPGA digitizers used in quantum control systems across all qubit modalities.
Coiled
23
52w range compression, breakout-adjusted
Watched
72
7-day news volume + tape quietness
Sound
75
Margins, growth, FCF composite
Critical
100
Supply-chain concentration × demand
Pressure
66
Pricing Power
61.9%
Filling fast
Financials
Numbers on the wire.
Market cap
$62.9B
P/E (TTM)
64.32
P/S (TTM)
10.90
EV / EBITDA
46.37
Gross margin
61.86%
Op margin
15.96%
Net margin
16.95%
FCF margin
—
Rev growth YoY
13.13%
EPS growth YoY
59.12%
ROE
16.56%
ROA
8.75%
Debt / Equity
0.41
Current ratio
2.60
Price / Book
6.17
Beta
1.26
Source: Finnhub. TTM = trailing twelve months.
Supply Chain
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%
Our take
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.
Recent filings
From the EDGAR wire.
News
From the tape.
- YahooZillow's Q1 Earnings Beat Estimates on Solid Y/Y Revenue Growth
- YahooQnity Gears Up to Report Q1 Earnings: What's in Store for the Stock?
- FinnhubKeysight Expands PCIe 7.0 Test Portfolio with New Receiver Stress Calibration
- YahooIPGP Q1 Earnings Miss Estimates, Strong Industrial Growth Aids Revenue
- YahooShopify Q1 Earnings Beat Estimates, Revenues Rise on Strong GMV Growth
- YahooSWKS' Q2 Earnings Beat Estimates, Revenues Up on Strong Broad Markets