
Keysight Technologies (KEYS) Financial Forecast Calculator
Interactive 5-year forecast and DCF for Keysight Technologies. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Keysight Technologies’s most recent SEC filings.
Assumptions
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Frequently asked
What does Keysight Technologies do?+
Keysight Technologies provides electronic design and test solutions, including hardware instruments, software, and related services. These solutions are used in the simulation, design, validation, and manufacture of electronic systems across various industries.
What are Keysight Technologies' primary revenue drivers?+
Keysight's revenue is primarily driven by its Communications Solutions Group and Electronic Industrial Solutions Group, with a significant portion coming from the Americas and Asia regions. The company is also increasingly focusing on higher-margin software and recurring revenue streams, which are growing drivers.
What is Keysight Technologies' capital expenditure strategy?+
Keysight Technologies maintains a relatively asset-light manufacturing model, with capital expenditure typically ranging from 2.5% to 3.5% of revenue. This capex is split approximately 60% for maintenance and 40% for growth, often directed towards expanding R&D testing facilities for new technologies like 6G and silicon photonics.
How does Keysight Technologies' M&A strategy impact its financial model?+
Keysight's aggressive M&A strategy, characterized by serial acquisitions of both bolt-on technologies and transformational software deals, significantly impacts its balance sheet with a massive base of goodwill and intangibles. These acquisitions, such as Spirent Communications, are central to the company's shift towards higher-margin software and recurring revenue streams, influencing future growth and profitability assumptions.
Can I download a financial model for Keysight Technologies?+
Yes, a comprehensive Excel financial model for Keysight Technologies is available for download. This model serves as an equity valuation and M&A scenario planning tool, offering forecasts for the company's performance from FY2026 through FY2030.
How is Keysight Technologies transitioning its business model?+
Keysight Technologies is actively transitioning from a traditional asset-heavy hardware manufacturer to a hybrid model that incorporates a growing mix of higher-margin software and services. Software and services currently represent approximately 36% to 40% of total revenue, with $1.5 billion in Annual Recurring Revenue, reflecting this strategic shift.
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