Keysight Technologies, Inc. (KEYS)财务
NYSE · Technology · Hardware, Equipment & Parts · 员工16,600人 · CEO Satish C. Dhanasekaran
- 股价
- $307.20 -6.86%
- 市值
- $523亿
- 企业价值
- $524亿
- 最近财报
- Q3 '26 2026-09-02提交
- 下次财报
- 2026-11-19 EPS预期 $3.37
营收(TTM)$65.8亿+25.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)20.3%+3.3 百分点 对比去年同期营业利润 $13.3亿
净利润(TTM)$12.6亿+130.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$14.7亿-2.4% 对比去年同期资本支出 $1.35亿
稀释EPS(TTM)$7.26+131.2% 对比去年同期最近4个季度之和
净现金-$1.41亿-10.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $523亿 EV $524亿
- 营收
- $65.8亿 过去12个月
- 营收增速
- +32% FY2026年一致预期
- 净利润率
- 19.1% 净利润 / 营收,TTM
- P/E
- 42.3× 预期 26.8×(FY2026)
- P/S
- 7.9× 股价 / 营收,TTM
- EV / EBITDA
- 28.2× TTM
- 自由现金流
- $14.7亿 过去12个月
- 净利润
- $12.6亿 过去12个月
- 营收预期
- $71.1亿 FY2026年一致预期
- 盈利
- 2026-11-19 营收预期 $19.5亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-18):营收超预期5.7%,EPS 超预期23.8%营收$18.5亿,预期$17.5亿(+5.7%);EPS $3.07,预期$2.48(+23.8%)。
- 营收增长加速:同比36.5%Q3 '26营收$18.5亿,此前四个季度的平均值为19.0%。
- 营业利润率20.3%(TTM),较去年同期+3.3 百分点营收增长25.5%,营业利润增长49.9%。
- 资本支出占营收的2.1%(去年为0.7%)最近4个季度投入$1.35亿(同比+255.3%)。自由现金流$14.7亿,相当于净利润的117.0%。
- 股东回报$6亿 = 自由现金流的40.8%回购$6亿(去年为$4.32亿),股息$0,股权激励$2.14亿(TTM)。
- 稀释股数一年内增加0.0%Q3 '26稀释股数1.73亿,一年前为1.73亿。
- 净债务 $1.41亿现金 + 短期投资 $26.1亿,含租赁债务 $27.5亿;一年前净债务 $1.28亿。
- Communications Solutions Group:营收+43.1%,利润率34.1%(此前为26.2%)Q3 '26增长最快的披露分部:营收$13.5亿,营业利润$4.58亿(来自财报的分部附注)。
上一季度:Q3 '26
截至2026-07-31的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $18.5亿 | $13.5亿 | +36.5% |
| 毛利率 | 65.9% | 61.7% | +4.2 百分点 |
| 营业利润 | $4.61亿 | $2.34亿 | +97.0% |
| 营业利润率 | 25.0% | 17.3% | +7.7 百分点 |
| 净利润 | $3.97亿 | $1.91亿 | +107.9% |
| 稀释EPS | $2.29 | $1.10 | +108.2% |
| 经营现金流 | $4.37亿 | $3.22亿 | +35.7% |
| 资本支出 | $3400万 | -$5900万 | +157.6% |
| 自由现金流 | $4.03亿 | $3.81亿 | +5.8% |
| R&D | $3.12亿 | $2.5亿 | +24.8% |
| 股权激励费用 | $4700万 | $3100万 | +51.6% |
实际 vs 一致预期
2026-08-18| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $18.5亿 | $17.5亿 | +5.7% |
| EPS(一致预期口径) | $3.07 | $2.48 | +23.8% |
来自2026-08-18发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Communications Solutions Group | $13.5亿 | +43.1% | 72.9% | – | – | |
| Electronic Industrial Solutions Group | $5.01亿 | +21.6% | 27.1% | – | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Asia Pacific | $8.1亿 | +42.4% | 43.9% | – | – | |
| Americas | $7.29亿 | +28.8% | 39.5% | – | – | |
| Europe | $3.07亿 | +41.5% | 16.6% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Communications Solutions Group | $13.5亿 | +43.1% | $4.58亿 | +86.2% | 34.1% | 26.2% | $14.4亿 |
| Communications Solutions Group Member | – | – | – | – | – | 26.2% | – |
| Electronic Industrial Solutions Group | $5.01亿 | +21.6% | $1.55亿 | +68.5% | 30.9% | 22.3% | $5.55亿 |
| Electronic Industrial Solutions Group Member | – | – | – | – | – | 22.3% | – |
| Total Segments | – | – | $6.13亿 | +81.4% | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $16亿
- 资本支出
- -$1.35亿
- 股票回购
- -$6亿
- 股息
- $0
- 收购
- -$20.5亿
- 债务净发行
- -$7.4亿
- 股权激励费用
- $2.14亿
- 自由现金流
- $14.7亿
- 股东回报 / FCF
- 40.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 42.3× | 33.1× | 20.5× – 42.2× |
| EV / EBITDA | 28.2× | 20.3× | 12.9× – 24.2× |
| EV / 营收 | 8.0× | 5.6× | 3.9× – 6.8× |
| 股价 / FCF | 35.6× | 26.7× | 17.9× – 32.7× |
| 股价 / 净资产 | 8.1× | 6.3× | 4.7× – 8.9× |
| FCF收益率 | 2.8% | 3.9% | 3.1% – 5.6% |
| 投入资本回报率 | 12.0% | 12.4% | 7.5% – 17.3% |
| 净资产收益率 | 20.1% | 20.0% | 12.0% – 27.0% |
分析师
一致目标价 $421.29 (+37.1%)
区间 $400.00 – $440.00 · 评级 Buy
强烈买入0
买入13
持有3
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $71.1亿 | +32.3% | $11.46 | +134.8% | 26.8× | 6 |
| FY2027 | $81.5亿 | +14.7% | $13.77 | +20.2% | 22.3× | 6 |
| FY2028 | $88.3亿 | +8.3% | $15.39 | +11.8% | 20.0× | 2 |
| FY2029 | $75.3亿 | -14.7% | $11.18 | -27.3% | 27.5× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Keysight Technologies, Inc.在近期10-Q / 10-K文件中标记的全部330项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $4.24亿 | $3.42亿 | +24.0% | $3.55亿 | $3.13亿 | +13.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $10.7亿 | $6.92亿 | +54.2% | $9.39亿 | $8.57亿 | +9.6% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1200万2025-10-31 | $900万 | +33.3% | $1200万 | $900万 | +33.3% |
| Accrued Vacation | $1.3亿2025-10-31 | $1.14亿 | +14.0% | $1.3亿 | $1.14亿 | +14.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $18亿2025-10-31 | $17.1亿 | +5.7% | $18亿 | $17.1亿 | +5.7% |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $2.64亿2025-10-31 | $3.17亿 | -16.7% | $2.64亿 | $3.17亿 | -16.7% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$6600万2025-10-31 | -$1.36亿 | +51.5% | -$6600万 | -$1.36亿 | +51.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.72亿 | -$2.95亿 | +7.8% | -$2.48亿 | -$3.64亿 | +31.9% |
| Additional Paid in Capital | $30.6亿 | $28.2亿 | +8.5% | $28.5亿 | $26.6亿 | +7.0% |
| Adjustments to Additional Paid in Capital, Fair Value | $3600万 | $3200万 | +12.5% | $6300万 | $6600万 | -4.5% |
| Advances on Inventory Purchases | $1.58亿 | $1.91亿 | -17.3% | $1.76亿 | $2亿 | -12.0% |
| Advertising Expense | – | – | – | $1400万 | $1800万 | -22.2% |
| Amortization | $6700万 | $3400万 | +97.1% | $1.45亿 | $1.44亿 | +0.7% |
| Amortization of Intangible Assets | $6500万 | $3300万 | +97.0% | $1.37亿 | $1.38亿 | -0.7% |
| AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | $8200万2025-10-31 | $8900万 | -7.9% | $8200万 | $8900万 | -7.9% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $4600万 | $3100万 | +48.4% | $1.63亿 | $1.38亿 | +18.1% |
| Assets | $119亿 | $107亿 | +11.9% | $113亿 | $92.7亿 | +21.9% |
| Assets for Plan Benefits, Defined Benefit Plan | $4.08亿2025-10-31 | $3.24亿 | +25.9% | $4.08亿 | $3.24亿 | +25.9% |
| Assets, Current | $52.9亿 | $56亿 | -5.7% | $43.5亿 | $42.6亿 | +2.1% |
| Business Combination, Acquisition Related Costs | $3000万 | $3100万 | -3.2% | $1.52亿 | $9100万 | +67.0% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | $1.68亿2025-10-31 | – | – | $1.68亿 | – | – |
| Capital Expenditures Incurred but Not yet Paid | $600万 | $500万 | +20.0% | $2100万 | $1900万 | +10.5% |
| Capitalized Contract Cost, Amortization | $2000万 | $1700万 | +17.6% | $6300万 | $5700万 | +10.5% |
| Capitalized Contract Cost, Net | $4400万2025-10-31 | $3500万 | +25.7% | $4400万 | $3500万 | +25.7% |
| Cash Acquired from Acquisition | $1.27亿2025-10-15 | – | – | – | – | – |
| Cash and Cash Equivalents, at Carrying Value | $26.1亿 | $26.4亿 | -1.2% | $18.7亿 | $18亿 | +4.3% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | -$500万 | $500万 | -200.0% | $1700万 | $1600万 | +6.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $26.2亿 | $34亿 | -22.8% | $18.9亿 | $18.1亿 | +4.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.92亿 | $2.62亿 | -26.7% | $7600万 | -$6.74亿 | +111.3% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 10亿 | 10亿 | 0.0% | 10亿 | 10亿 | 0.0% |
| Common Stock, Shares, Issued | 2.03亿 | 2.02亿 | +0.5% | 2.02亿 | 2.01亿 | +0.5% |
| Common Stock, Value, Issued | $200万 | $200万 | 0.0% | $200万 | $200万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $3.75亿 | $1.89亿 | +98.4% | $9.66亿 | $7.16亿 | +34.9% |
| Contract with Customer, Liability | $9.57亿 | $7.65亿 | +25.1% | $8.84亿 | $7.67亿 | +15.3% |
| Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination | $100万 | – | – | $7300万 | $1900万 | +284.2% |
| Contract with Customer, Liability, Revenue Recognized | $1.12亿 | $1.03亿 | +8.7% | -$5.13亿 | -$5.41亿 | +5.2% |
| Conversion Gains and Losses on Foreign Investments | $800万2025-10-15 | – | – | – | – | – |
| Cost of Goods and Services Sold | $6.3亿 | $5.18亿 | +21.6% | $20.4亿 | $18.5亿 | +10.4% |
| Costs and Expenses | $13.9亿 | $11.2亿 | +23.9% | $45亿 | $41.5亿 | +8.5% |
| Current Federal Tax Expense (Benefit) | – | – | – | $9700万 | -$5200万 | +286.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.47亿 | $3100万 | +374.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1800万 | $400万 | +350.0% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | – | – | – | $600万2024-10-31 | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$1700万 | -$4700万 | +63.8% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$2900万 | $3.23亿 | -109.0% |
| Deferred Income Tax Assets, Net | $3.27亿 | $3.92亿 | -16.6% | $3.73亿 | $3.78亿 | -1.3% |
| Deferred Income Tax Expense (Benefit) | $200万 | -$1800万 | +111.1% | -$1.16亿 | $2.68亿 | -143.3% |
| Deferred Revenue, Current | $7.07亿 | $5.57亿 | +26.9% | $6.52亿 | $5.61亿 | +16.2% |
| Deferred Revenue, Noncurrent | $2.5亿 | $2.08亿 | +20.2% | $2.32亿 | $2.06亿 | +12.6% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$300万 | -$800万 | +62.5% |
| Deferred Tax Assets, Deferred Income | $5600万2025-10-31 | $4800万 | +16.7% | $5600万 | $4800万 | +16.7% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $8700万2025-10-31 | $1.27亿 | -31.5% | $8700万 | $1.27亿 | -31.5% |
| Deferred Tax Assets, Gross | $11.1亿2025-10-31 | $7.85亿 | +41.8% | $11.1亿 | $7.85亿 | +41.8% |
| Deferred Tax Assets, Hedging Transactions | $100万2025-10-31 | $100万 | 0.0% | $100万 | $100万 | 0.0% |
| Deferred Tax Assets, in Process Research and Development | $1.3亿2025-10-31 | $9100万 | +42.9% | $1.3亿 | $9100万 | +42.9% |
| Deferred Tax Assets, Inventory | $2900万2025-10-31 | $2700万 | +7.4% | $2900万 | $2700万 | +7.4% |
| Deferred Tax Assets, Net | $1.57亿2025-10-31 | $2.14亿 | -26.6% | $1.57亿 | $2.14亿 | -26.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $6.16亿2025-10-31 | $5.67亿 | +8.6% | $6.16亿 | $5.67亿 | +8.6% |
| Deferred Tax Assets, Operating Loss Carryforwards | $6.06亿2025-10-31 | $3.07亿 | +97.4% | $6.06亿 | $3.07亿 | +97.4% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-07-31, 10-Q 2026-04-30, 10-Q 2026-01-31, 10-K 2025-10-31, 10-Q 2025-07-31, 10-Q 2025-04-30, 10-Q 2025-01-31, 10-K 2024-10-31, 10-Q 2024-07-31
数据截至 2026-11-02