Keysight Technologies, Inc. 2026 Q1 - Results - Earnings Call Presentation

Keysight Technologies reported its Q1 2026 earnings, highlighting strong growth in quantum and high-performance computing segments, driven by increasing demand for test and measurement solutions. Revenue from quantum-related instrumentation surged 22% year-over-year, with key contributions from cryogenic control systems and qubit characterization tools for research labs and early-stage commercial deployments. The company emphasized partnerships with leading quantum hardware firms, including IBM and Google Quantum AI, to develop next-gen calibration and validation platforms for fault-tolerant quantum processors. Operating margins expanded to 28%, attributed to high-margin quantum product lines and cost efficiencies in R&D, though supply chain constraints for specialized components persist. Management projected accelerated quantum division growth in 2026, citing rising government and private-sector investments in quantum infrastructure, particularly in the U.S. and EU.