New York, Feb 25, 2026, 08:26 (EST) — Premarket
Keysight Technologies was trading roughly 0.8% higher in U.S. premarket action Wednesday, hovering near $304. The stock wrapped up Tuesday’s session with a hefty 23.1% gain, finishing at $301.48. Tuesday’s range: $277.72 to $305.37.
The follow-through is drawing attention as investors sift through an AI-fueled market full of sharp swings this month. Nvidia’s numbers, set to land later on Wednesday, are now the primary reference point for anyone watching whether major AI spending keeps ramping up—plus, which companies benefit down the line.
Keysight kicked off the rally after releasing its fiscal first-quarter numbers late Monday, along with a strong forecast. The electronic test and measurement company reported revenue of $1.60 billion and $1.645 billion in orders, with adjusted (non-GAAP) earnings coming in at $2.17 per share. Looking ahead, Keysight projected second-quarter revenue between $1.690 billion and $1.710 billion, and adjusted earnings of $2.27 to $2.33 per share. “Results exceeded our expectations,” CEO Satish Dhanasekaran noted. Keysight
During the call, Keysight cited AI-driven data center expansion, non-terrestrial network projects, and defense upgrades as key demand drivers. Its outlook came in ahead of Wall Street expectations, according to LSEG. The company also clarified its forecast doesn’t account for any effects from the Supreme Court decision on February 20 regarding tariffs under emergency-powers law—or any subsequent U.S. government moves.
The company’s earnings release landed in a Form 8-K submitted to the U.S. Securities and Exchange Commission on Feb. 23, according to the filing.
Analysts wasted no time. BofA Securities bumped Keysight up to “Buy” from “Neutral,” jacking the price target all the way to $340 from $195. Analyst David Ridley-Lane pointed to “broad-based” order strength and said the higher multiple still holds up compared to peers. Investing
UBS bumped its price target on the stock up to $340 from $230, sticking with a “Buy” call. The firm pointed to what it sees as faster AI demand, now spreading outside its earlier customer circle. UBS also pushed its earnings estimates for fiscal 2026 and 2027 higher, according to the note. Investing
Keysight surged during a session that saw U.S. stocks snap higher, tech names clawing back lost ground as some of the AI-disruption worries that rattled markets earlier this week eased.
The stock’s rapid two-day surge now tightens the margin for error. Any slip in order growth, slowdown in hyperscaler spending, or pressure on customer budgets could quickly shift attention back to valuation and just how resilient this cycle really is.
Eyes turn to Nvidia after the bell Wednesday; that report has the potential to jolt sentiment for AI hardware and tools stocks going into week’s end.
