#1 electronic test & measurement · AI-infra validation
Keysight Technologies
The leader in electronic-design test and measurement. It measures and validates chips, networks and comms, with AI datacenters, next-gen semiconductors, 5G/6G and defense as growth drivers. FY2025 revenue $5.38B (+8%); the Communications group grew double digits on AI infrastructure. ~$1B R&D.
KEYS Updated Jul 12, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, Keysight Technologies is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 9 companies within two hops; the links are backed by 4 dated sources, 1 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · FY2025 revenue $5.38B (+8%)
- Customer concentration · AI/semi/comms test demand.
- Segments · Communications (CSG) · Electronic/semi (EISG)
Revenue from
- Semiconductors · networking · telecom (test & measurement) High confidence· Revenue ~$5.4B · 2025 · FY2025 revenue (+8%)
Supplies test/validation to chip, network and comms designers. - Defense · general electronics (test & measurement) Medium confidence
Defense modernization and general-electronics test. - Broadcom Medium confidence
Supplies validation/test for Broadcom 800G Ultra Ethernet.Confirms EN Converge Digest Published Jan 1, 2025: Keysight and Broadcom validate 800G Ultra Ethernet - NVIDIA Medium confidence
Test/validation for NVIDIA AI fabric and high-speed interconnects.
Pays to
- manufacturing · components (undisclosed) Low confidence
Instrument manufacturing and parts. - components · SW · R&D (undisclosed) Low confidence
Test software, parts and R&D ($1B).
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Arista Networks | lead2 | +97.9 | -15.6 | +94.1 | +87.7 | +18.5 | +47.9 |
| Eoptolink | lead2 | -10.1 | -27.7 | +136.6 | +197 | +368.8 | +29.1 |
| Apple | lead2 | +34.6 | -26.4 | +49 | +30.7 | +9.1 | +18 |
| Alphabet (Google) | lead2 | +65.3 | -39.1 | +58.3 | +36 | +66 | +8.3 |
| Meta Platforms | lead2 | +23.1 | -64.2 | +194.1 | +66 | +13.1 | -6.4 |
| Broadcom | lead1 | +56.5 | -13.3 | +104.2 | +110.5 | +50.6 | +3.8 |
| Keysight Technologies | node | +56.3 | -17.2 | -7 | +1 | +26.5 | +61 |
YTD as of 2026-09-04 · source: Yahoo Finance
Keysight Technologies operates across NYSE, #1 electronic test & measurement, AI-infra validation. It is up +61% in 2026. The stock (+61%) and its demand side (avg +13.8%) are moving in step. Among connected nodes the furthest ahead is NVIDIA (+23.7%) and the furthest behind is Broadcom (+3.8%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. ~$1B R&D.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 3 · Hold 0 · Sell 0 · Avg. target $402 · Price $327.21 (09-04) · Upside +23%