Keysight Technologies (KEYS) Stock News

Keysight Technologies (KEYS) has announced key executive leadership changes. Ingrid Estrada, former Senior VP and Chief People and Administrative Officer, has been promoted to Senior VP of Corporate Infrastructure and Operations, where she will oversee Order Fulfillment, IT, Indirect Procurement, and Corporate Services. Jodi Juskie, previously Assistant General Counsel, has been appointed Senior VP and Chief People Officer, taking over Estrada's former role in leading global talent strategy and HR functions.

These transitions follow the planned retirement of Gooi Soon Chai, Senior VP of Order Fulfillment and Digital Operations, who will remain with the company for 6 months to ensure a smooth transition after more than 40 years of service. CEO Satish Dhanasekaran praised both appointments and acknowledged Soon Chai's contributions to HP, Agilent, and Keysight.

Keysight Technologies (NYSE: KEYS) reported strong Q2 FY2025 results, exceeding guidance. Revenue reached $1.31 billion, up from $1.22 billion in Q2 2024. GAAP net income was $257 million ($1.49 per share), while non-GAAP net income was $295 million ($1.70 per share). The Communications Solutions Group saw 9% growth with revenue of $913 million, while Electronic Industrial Solutions Group revenue grew 5% to $393 million. Cash flow from operations improved significantly to $484 million, with free cash flow of $457 million. The company's cash position stands at $3.12 billion. For Q3 FY2025, Keysight expects revenue between $1.305-1.325 billion and non-GAAP EPS of $1.63-1.69. The company raised its full-year growth expectations to the midpoint of its long-term 5-7% target.

Keysight Technologies (NYSE: KEYS) announced that its Quantum Control System (QCS) has been integrated into Fujitsu and RIKEN's 256-qubit quantum computer at the RIKEN RQC-FUJITSU Collaboration Center in Japan. The QCS serves as a critical interface between classical and quantum computing, translating user commands into quantum processor operations and interpreting qubit state information.

Since its launch in February 2023, Keysight's QCS has gained adoption across academia, national laboratories, commercial companies, and startups globally. The system was chosen for its modularity, scalability, and market-leading radio frequency (RF) performance, positioning Keysight to support advancements in increasing qubit numbers and reducing error rates in quantum computing.

Keysight Technologies (NYSE: KEYS) has released its 2024 Corporate Social Responsibility Progress Report, highlighting significant achievements across multiple areas. The company met its ethical governance goals with no material negative impacts on its income statement from CSR-related matters. In environmental sustainability, Keysight signed a virtual power purchase agreement (VPPA) with Southern Power for a 39 MW solar facility expansion, which will cover 100% of its electricity consumption in the US and Canada by FY2027. The company significantly exceeded its social impact goals, contributing over $295 million in community strengthening initiatives, with employees volunteering 1,225 hours. Keysight engaged more than 4.4 million students through STEM education programs worldwide. The company maintains its commitment to achieving net zero emissions in operations by FY2040 and has announced new targets for societal impact and ethical governance through 2025 and into 2026.

Keysight Technologies (NYSE: KEYS) has launched System Designer for USB, a new solution for high-speed digital USB design focused on personal computers, mobile devices, and edge AI applications. The tool supports the latest USB4® standards, including Gen2, Gen3, and Gen4, enabling speeds up to 120Gbps using three-level pulse-amplitude modulation (PAM3) signal modulation.

The solution provides a smart design environment for comprehensive modeling and system-level validation, featuring USB Algorithmic Modeling Interface (AMI) modeler supporting NRZ and PAM3 modulations. Key benefits include streamlined setup of complex USB systems, simplified simulation setup, and integrated simulation-driven compliance test solutions to reduce design iterations and time-to-market.

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Keysight Technologies and Intel Foundry have announced a strategic collaboration to support EMIB-T silicon bridge technology, targeting next-generation AI and data center solutions. The partnership includes support for Intel's 18A process node.

The collaboration focuses on enhancing high-performance packaging solutions through emerging open standards like Universal Chiplet Interconnect Express 2.0 and Open Compute Project Bunch of Wires. These standards are crucial for ensuring reliable communication between chiplets and 3DICs, supporting high-speed data transfer and efficient power delivery.

Keysight's Chiplet PHY Designer now offers advanced simulation capabilities for UCIe 2.0 and introduces support for BoW standard. This system-level chiplet design solution enables pre-silicon level validation, helping reduce development costs and accelerate innovation in semiconductor design.

The technology will be demonstrated at Intel Foundry Direct Connect on April 29th in San Jose, showcasing EMIB-T workflow for system-level link performance and compliance.

Keysight Technologies has secured a significant contract with NATO's Naval Forces Sensor and Weapons Accuracy Check Sites (FORACS) to upgrade radar and electronic warfare testing capabilities. The agreement focuses on delivering advanced Radar Target Generator and Electronic Warfare (EW) testing solutions across NATO Navy bases.

The key deliverables include:

• High-fidelity radar target generation systems for accurate radar tracking tests
• Advanced EW threat simulators for complex electromagnetic environments
• Customizable open-architecture design for future upgrades
• Deployable modular configuration for flexible testing across NATO sites

The solution features commercial-off-the-shelf Keysight components with European-developed firmware and interface, specifically tailored to NATO's needs. This modernization will strengthen radar calibration, maintenance, and ESM effectiveness assessment across all NATO member nations. The company will showcase these capabilities at AOC Europe 2025, May 6-8, at stand F21.

Keysight Technologies (NYSE: KEYS) has announced the pricing of a public offering of senior unsecured fixed rate notes totaling $750 million. The notes will mature in 2030 with an annual interest rate of 5.350%.

The offering is expected to close on April 17, 2025, subject to customary conditions. The company plans to use the proceeds for general corporate purposes, including partial financing of their proposed acquisition of Spirent Communications plc.

The offering's joint lead book-running managers are BNP Paribas Securities, Citigroup Global Markets, and BofA Securities, with Barclays Capital and J.P. Morgan Securities serving as additional book-running managers.