On September 11, Keysight rose 3.11% in regular trading, trading at approximately $335.78 per share, with turnover of $10.39 million. The stock continued to benefit from the sustained positive momentum following its fiscal Q3 earnings and Q4 guidance that both significantly exceeded Wall Street expectations.
Keysight reported fiscal Q3 revenue of $1.85 billion, up 36.5% year-over-year and well above the consensus estimate of $1.75 billion. Adjusted EPS surged approximately 79% to $3.07, crushing the $2.48 estimate. The company guided fiscal Q4 adjusted EPS of $3.34–$3.40 on revenue of $1.93–$1.95 billion, both materially above analyst forecasts of $2.68 and $1.83 billion, respectively. Orders exceeded $2 billion for the second consecutive quarter, driven by accelerating AI data center testing demand.
Multiple analysts raised their price targets following the results. Susquehanna lifted its target to $440, Truist to $400, while Morgan Stanley and JPMorgan both maintained overweight ratings with $400 targets. AI-related revenue is projected to rise from roughly 8% of total sales in fiscal 2025 to 20% in fiscal 2026. The current share price remains well below the average analyst target of $421.
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