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Keysight Technologies (KEYS) investor relations material

Keysight Technologies Barclays 23rd Annual Global Technology Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Barclays 23rd Annual Global Technology Conference summary10 Dec, 2025

Business momentum and growth outlook

  • Achieved accelerating growth in 2025, ending the year with 8% and guiding to 10% growth in Q1 2026.

  • Strong order book, backlog, and funnel position the business well for 2026.

  • AI, wireless, semiconductor, and defense are key growth drivers.

  • Expecting EPS growth of 10% or more in 2026, with growth rates at or above the high end of the long-term model.

AI and wireline business impact

  • AI is a major growth driver, influencing compute, networking, memory, and interconnect design and testing.

  • Solutions support a broad customer base, from chipset makers to hyperscalers, with new products like AI Data Center Builder.

  • Expansion in data center capacity and new standards create ongoing opportunities.

  • Customer base is widening, including startups and traditional players.

Software and services transformation

  • Software and services now comprise close to 40% of the business, with about 30% recurring revenue.

  • Acquisitions have accelerated the shift to software, improving gross margins to the mid-sixties.

  • Continued focus on delivering value through software and recurring models.

AI growth drivers beyond current capacity digestion
Accelerate software/recurring revenue mix shift
Wireless business inflection timeline
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Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy and semiconductor industries worldwide.

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