Keysight Technologies (KEYS) official guidance

This guidance is based on a weighted diluted share count of approximately 172 million shares.

We expect Q4 earnings per share to be in the range of $3.34-$3.40, representing approximately 76% year-over-year growth at the midpoint.

This will result in fiscal year 2026 revenue growth of 32% and EPS growth of approximately 60% at the midpoint.

Our base case is orders slightly up from Q3, in line with seasonality, then following that seasonal trend into Q1.

For the fourth quarter of 2026, we expect revenue in the range of $1.93 billion-$1.95 billion Representing 37% year-over-year growth at the midpoint.

This will result in fiscal year 2026 revenue growth of 32% and EPS growth of approximately 60% at the midpoint.

I think history would suggest that when the initial kind of wave of synergies come out, that there is admittedly smaller dollars, but some additional follow-on efficiencies that tend to materialize. If you think about it on an incremental basis, as you move from FY 2026 to FY 2027, I'd be thinking on the order of $50 million.

We now expect to have 80%-90% of the $100 million in cost synergies realized on a run rate basis exiting the fiscal year.

Again, I expect that we're going to be close to 90% of that $100 million realized as we enter next fiscal year.

Non-GAAP earnings per share for the fourth fiscal quarter of 2026 are expected to be in the range of $3.34 to $3.40, based on a weighted diluted share count of approximately 172 million shares.

Our acquisition integrations remain on track, and we continue to expect $375 million in FY 2026 revenue from the acquisitions and greater than $100 million in cost synergies and other operational efficiencies.

In addition, we are increasing investments to meet these higher growth levels and now expect FY 2026 capital expenditures to be in the range of $200 million.

This guidance is based on a weighted diluted share count of approximately 173 million shares.

We expect Q3 earnings per share to be in the range of $2.43-$2.49, representing 43% year-over-year growth at the midpoint.

For the third quarter of 2026, we expect revenue in the range of $1.73 billion-$1.75 billion, representing 29% year-over-year growth at the midpoint.

As you noted, you know, the Q3 revenues are I would describe as in line with what we saw in Q2, slightly down, but largely in line. I think it's, as we look at on a half-over-half basis, you know, given our more qualitative comments about Q4, we are expecting, you know, the second half of the year to be materially above the first half as we grow. Yeah, expecting significant growth in the second half on a revenue basis.

With the visibility we currently have, we would expect to see a historically typical sequential revenue increase into fiscal Q4.

Our acquisition integrations remain on track, and we continue to expect $375 million in FY 2026 revenue from the acquisitions and greater than $100 million in cost synergies and other operational efficiencies.

Non-GAAP earnings per share for the third fiscal quarter of 2026 are expected to be in the range of $2.43 to $2.49, based on a weighted diluted share count of approximately 173 million shares.

This guidance is based on a weighted diluted share count of approximately 173 million shares.