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KEYSIGHT TECHNOLOGIES INC

2 managers · $255M total
Data: SEC EDGAR 13F · 2026Q2
Manager holders · last 5 qtrs
2
2025Q2 – 2026Q2 · +1 QoQ
Total position
$255M
Combined value across tracked managers
Net move this quarter
↑ Adding
Weighted by holders' share change
HolderQ actionValue% of port.Style
Third PointNew$205M4.38%Aggressive value / Event-driven
GivernyTrim-55.73%$50M1.68%Long-term growth-value
What managers say
2026-04-30Third PointBullThird Point April 2026 Monthly ReportDetail →
2026-03-31Third PointBullThird Point Q1 2026 Investor LetterDetail →
2025-07-16Colossus (Invest Like the Best / Business Breakdowns)NeutralAgilent: Back To The Lab - [Business Breakdowns, EP.223]Detail →
2024-12-31Giverny CapitalBullGiverny Capital Annual Letter to Partners 2024Detail →
Earnings Calls
Q3 2026August 25, 2026
### At a GlanceThis quarter's results significantly exceeded expectations, driven primarily by the accelerated expansion of the AI infrastructure ecosystem and strong demand for the company's differentiated solutions.
Key data: Orders grew 56% year-over-year, revenue increased 36%, and earnings per share rose 79%.
Business progress: Commercial communications revenue surpassed $1 billion for the first time, with wired business orders doubling and surpassing wireless business for the first time. AI-related demand remained robust, with customers adopting the company's solutions across the full cycle from silicon design to system-level simulation. The aerospace and defense business posted double-digit order growth, benefiting from global defense modernization. The Electronic Industrial Solutions Group reported 21% revenue growth, with semiconductor, automotive, and energy markets all achieving double-digit increases.
Guidance and outlook: The company raised its Q4 and full-year earnings expectations, forecasting Q4 revenue of $1.93–1.95 billion and EPS of $3.34–3.40, with full-year revenue growth of 32% and EPS growth of approximately 60%.
Risk/highlight signals: Management's tone was positive, emphasizing sustained opportunities from the multi-year AI infrastructure technology roadmap, but noted that supply chain remains a near-term constraint on revenue growth.
### Position Moves| Company | Market Cap (USD) | Position Change | Latest Quarter Weight | Latest Quarter Shares | Quarter-over-Quarter Change | Quarter-over-Quarter Change (%) | Average Cost (USD) | Latest Price (USD) | Return (%) | Return Contribution (bps) ||---------|-----------------|-----------------|----------------------|----------------------|-----------------------------|--------------------------------|--------------------|--------------------|------------|---------------------------|| — | — | — | — | — | — | — | — | — | — | — |
### Investment ImplicationsThe report argues that the company's strong performance and raised guidance confirm the sustained high growth trajectory of the AI infrastructure buildout. The author believes that the company's unique position in providing end-to-end solutions from chip design to system-level simulation gives it a competitive moat that is difficult to replicate. The doubling of wired business orders and the first-time $1 billion milestone in commercial communications revenue are seen as structural inflection points. The report notes that while supply chain constraints may cause short-term volatility, the multi-year visibility from AI and defense modernization provides a solid foundation for continued outperformance. The author maintains a constructive view on the company's ability to compound earnings at an above-average rate relative to the broader technology sector.
Q2 2026May 19, 2026
Q4 2025November 24, 2025
FinancialsFY2025 · Source: SEC EDGAR 10-K

5y revenue CAGR 2% · latest net margin 15.8% · FCF consistently positive

Revenue$5.38B
Rev. YoY+8%
Gross margin62.1%
Net margin15.8%
Net income$0.85B
Free cash flow$1.28B
Operating cash flow$1.41B
ROE14.5%

Source: SEC EDGAR company filings (10-K). Foreign issuers (20-F/IFRS) not yet covered.