Zacks downgrades Keysight Technologies stock to Hold after strong quarter

Published on 10/27/2026 at 11:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Keysight Technologies stock costs EUR 292.30 on October 27, 2026. KTL satellite testing was selected by Keysight on October 22, 2026.

Analyst view and operating scale

Zacks Research lowered its rating from strong buy to hold on October 21, 2026.
Fiscal third-quarter revenue reached USD 1.85 billion, up 36.5 percent year over year.
Keysight Technologies stock traded at EUR 292.30 at 11:12 a.m. CEST on October 27, 2026, at Lang & Schwarz.

Keysight Technologies, US49338L1035, Illustration mit AI erstellt.

Keysight Technologies stock (ISIN US49338L1035) was trading at EUR 292.30 at Lang & Schwarz on October 27, 2026, at 11:12 a.m. CEST. The latest analyst move came on October 21, 2026, when MarketBeat reported that Zacks Research lowered Keysight from strong buy to hold.

Why the rating changed

The downgrade followed a strong fiscal third quarter rather than a weak earnings report. Keysight reported adjusted earnings per share of USD 3.07 against a USD 2.48 consensus estimate, while revenue reached USD 1.85 billion versus USD 1.75 billion expected, according to MarketBeat on October 21, 2026. Revenue was 36.5 percent above the year-earlier quarter, but the rating change shows that strong operating momentum did not produce a uniformly bullish analyst view.

What changed in the third quarter?

Keysight's fiscal third-quarter operating profit rose to USD 461 million from USD 234 million a year earlier, lifting the calculated operating margin to 25.0 percent from 17.3 percent. The figures, for the quarter ended July 31, 2026, were reported in an analysis based on Keysight's Form 10-Q by LineVest.

Commercial communications revenue increased to USD 1,006 million from USD 644 million, making it the largest contributor to the USD 494 million overall revenue increase. Quarterly orders reached USD 2,091 million, up from USD 1,340 million, giving the company a quantified demand indicator beyond recognized sales.

Three dated company developments

On October 12, 2026, Keysight announced planned demonstrations with Broadcom and Alibaba Cloud involving 1.6-terabit and 400-gigabit Ethernet testing, as documented by LineVest. On October 20, 2026, Keysight said it had contributed to an ETSI standard. On October 22, 2026, the company identified KTL as a selection for satellite testing, according to its company news page.

Next dated checkpoint

October 31, 2026 is the end of Keysight's fiscal quarter, while the latest published outlook called for fiscal fourth-quarter revenue of USD 1,930 million to USD 1,950 million.

Stock and operating scale

The current euro quotation puts the market's attention on how Keysight converts elevated orders into revenue and cash. Its fiscal third-quarter operating margin of 25.0 percent provides a measurable test for that conversion as the company moves beyond the July 31 reporting period.

Keysight Technologies was trading at EUR 292.30 at Lang & Schwarz on October 27, 2026, at 11:12 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Keysight Technologies stock.