Keysight Technologies, Inc. (Keys): Analyse de Pestle [Jan-2025 Mise à jour]

Dans le paysage rapide de la technologie et de l'innovation en évolution, Keysight Technologies, Inc. (KEYS) se dresse au carrefour de la dynamique mondiale complexe, naviguant des défis complexes qui couvrent les tensions politiques, les incertitudes économiques, les changements sociétaux, les percées technologiques, les complexités légales et les responsabilités environnementales . Cette analyse complète du pilon dévoile les facteurs externes à multiples facettes qui façonnent la trajectoire stratégique de Keysight, offrant une exploration nuancée de la façon dont l'entreprise manœuvre à travers un écosystème commercial mondial de plus en plus interconnecté et volatil qui exige l'agilité, la prétention et les capacités transformatrices.

Keysight Technologies, Inc. (Keys) - Analyse du pilon: facteurs politiques

Les tensions commerciales américaines-chinoises ont un impact sur les exportations de semi-conducteurs et d'équipements technologiques

Selon le US Census Bureau, les exportations américaines de semi-conducteurs vers la Chine ont diminué de 25,3% en 2022, ce qui concerne directement les fabricants d'équipements technologiques comme les technologies de Keysight. Le ministère américain du Commerce a mis en œuvre des restrictions d'exportation qui ont réduit les transferts technologiques, avec des exigences de licence spécifiques pour un équipement de semi-conducteur avancé.

Année	Exportations américaines de semi-conducteurs vers la Chine	Impact des restrictions d'exportation
2022	11,2 milliards de dollars	-25,3% de réduction
2023	8,7 milliards de dollars	-22,7% de réduction

Défense du gouvernement et contrats aérospatiaux

Keysight Technologies sécurisées 378,6 millions de dollars de contrats de défense et aérospatiale Au cours de l'exercice 2023, représentant 22,4% du total des revenus de l'entreprise. Le ministère américain de la Défense a alloué 773,5 milliards de dollars pour les dépenses de défense en 2023, créant des opportunités importantes pour les prestataires d'équipements de test et de mesure.

• Valeur du contrat de défense: 378,6 millions de dollars
• Pourcentage du chiffre d'affaires total: 22,4%
• Budget de défense américaine: 773,5 milliards de dollars

Règlement sur le contrôle des exportations

Le Bureau de l'industrie et de la sécurité (BIS) a imposé Règlements stricts de contrôle des exportations affectant les transferts technologiques. En 2023, 147 licences d'exportation spécifiques étaient nécessaires pour les équipements de technologie de pointe, avec un temps de traitement moyen de 120 jours.

Catégorie de réglementation	Nombre de licences	Temps de traitement moyen
Exportations de technologie avancée	147	120 jours

Financement fédéral de recherche et développement

La National Science Foundation allouée 9,5 milliards de dollars pour la recherche et le développement technologiques en 2023. Keysight Technologies a reçu environ 62,3 millions de dollars de subventions de recherche fédérales, ce qui représente une augmentation de 5,2% par rapport à l'exercice précédent.

• Financement total de la R&D fédérale: 9,5 milliards de dollars
• Subventions à la R&D de Keysight: 62,3 millions de dollars
• Augmentation des subventions d'une année à l'autre: 5,2%

Keysight Technologies, Inc. (Keys) - Analyse du pilon: facteurs économiques

Incertitude économique mondiale affectant les dépenses d'équipement dans les télécommunications et l'électronique

Au quatrième trimestre 2023, Keysight Technologies a déclaré un chiffre d'affaires net de 1,44 milliard de dollars, reflétant les défis dans le paysage économique mondial. L'entreprise a connu un 4% en glissement annuel des revenus.

Indicateur économique	Valeur (2023)	Impact sur Keysight
Croissance mondiale du PIB	3.1%	Pression négative modérée
Dépenses d'équipement	487 milliards de dollars	Réduction de l'appétit d'investissement
Croissance de l'industrie de l'électronique	2.8%	Expansion du marché contraint

Investissement continu dans la 5G et les technologies des infrastructures de communication émergentes

Investissements d'infrastructure 5G atteintes 31,4 milliards de dollars dans le monde en 2023. Le segment des solutions de test de communication de Keysight générées 663 millions de dollars de revenus, représentant une partie importante de sa stratégie commerciale.

Investissement technologique 5G	Valeur 2023	Croissance projetée
Infrastructure mondiale	31,4 milliards de dollars	6,5% de TCAC (2024-2027)
Revenus de solutions Keysight 5G	663 millions de dollars	Croissance attendue de 4 à 5%

Industrie des semi-conducteurs demande cyclique impactant les ventes d'équipements de test et de mesure

Le marché des équipements de semi-conducteurs 71,2 milliards de dollars en 2023. Le segment industriel électronique de Keysight a connu des revenus de 426 millions de dollars.

Métriques du marché des semi-conducteurs	Valeur 2023	Tendance
Marché mondial des équipements de semi-conducteurs	71,2 milliards de dollars	Ralentissement cyclique
Revenus industriels électroniques de Keysight	426 millions de dollars	Adaptation du marché modéré

Accent croissant sur les stratégies d'optimisation des coûts et d'efficacité opérationnelle

Keysight a mis en œuvre des initiatives de réduction des coûts, réalisant 100 millions de dollars d'efficacité opérationnelle en 2023. La marge de fonctionnement s'est améliorée à 23.4%.

Métriques d'efficacité opérationnelle	Valeur 2023	Impact stratégique
Initiatives de réduction des coûts	100 millions de dollars	Performance financière améliorée
Marge opérationnelle	23.4%	Amélioration de la rentabilité

Keysight Technologies, Inc. (Keys) - Analyse du pilon: facteurs sociaux

Demande croissante de technologies à distance et de collaboration

Au quatrième trimestre 2023, 12,7% des employés à temps plein travaillent à domicile, avec 28,2% des accords de travail hybrides. Les solutions de test et de mesure de Keysight Technologies prennent en charge les technologies de collaboration à distance.

Tendance de travail à distance	Pourcentage
Travailleurs à distance à temps plein	12.7%
Arrangements de travail hybrides	28.2%
Adoption du travail à distance du secteur de la technologie	36.5%

Accent croissant sur la diversité et l'inclusion des effectifs dans les secteurs de la technologie

Statistiques de la diversité des effectifs de Keysight Technologies:

• Employés des femmes: 24,3%
• Minorités sous-représentées: 16,7%
• Positions en leadership occupées par les femmes: 19,5%

Métrique de la diversité	Pourcentage
Femmes sur la main-d'œuvre	24.3%
Minorités sous-représentées	16.7%
Femmes en leadership	19.5%

Écart de compétences dans les disciplines technologiques avancées affectant le recrutement des talents

L'analyse des lacunes du secteur de la technologie révèle que 85% des entreprises déclarent diffuser des difficultés à recruter des talents de technologie spécialisés.

Indicateur d'écart de compétences	Pourcentage
Les entreprises qui connaissent une pénurie de talents	85%
Positions techniques non remplies	42.3%
Temps moyen pour remplir des rôles spécialisés	3,7 mois

Rising Consumer Attentes pour la transformation numérique et les solutions technologiques avancées

Le marché de la transformation numérique devrait atteindre 1,009 billion de dollars d'ici 2025, 89% des entreprises poursuivant les stratégies numériques.

Métrique de transformation numérique	Valeur / pourcentage
Marché mondial de transformation numérique d'ici 2025	1,009 billion de dollars
Les entreprises poursuivant les stratégies numériques d'abord	89%
Investissement annuel dans la transformation numérique	6,8 billions de dollars

Keysight Technologies, Inc. (Keys) - Analyse du pilon: facteurs technologiques

Investissements importants en R&D dans des solutions de test de calcul 5G, AI et quantique

Keysight Technologies a investi 585 millions de dollars dans les dépenses de la R&D au cours de l'exercice 2023, ce qui représente 16,5% des revenus totaux. Les investissements technologiques de l'entreprise se concentrent stratégiquement sur les technologies émergentes.

Zone technologique	Investissement de R&D 2023	Demandes de brevet
Technologies 5G	214 millions de dollars	87 nouveaux brevets
Solutions de test d'IA	165 millions de dollars	62 nouveaux brevets
Calcul quantique	98 millions de dollars	41 nouveaux brevets

Innovation continue dans les technologies de conception électronique et de mesure

Keysight a publié 39 nouveaux logiciels et produits matériels en 2023, avec 412 millions de dollars dédiés aux innovations de mesure et d'automatisation de la conception électronique.

Segment technologique	Nouveaux versions de produits	Part de marché
Automatisation de la conception électronique	22 produits	24.6%
Technologies de mesure	17 produits	31.2%

Élargir les capacités de transformation numérique sur plusieurs verticales de l'industrie

Les solutions de transformation numériques de Keysight ont généré 1,2 milliard de dollars de revenus sur six clés verticaux de l'industrie en 2023.

Industrie verticale	Contribution des revenus	Taux de croissance
Télécommunications	412 millions de dollars	18.3%
Semi-conducteur	287 millions de dollars	15.7%
Automobile	226 millions de dollars	12.9%
Aérospatial / défense	185 millions de dollars	9.6%
Nuage / hyperscale	162 millions de dollars	22.4%
Entreprise / éducation	128 millions de dollars	7.5%

Focus stratégique sur les technologies avancées de test et de validation des semi-conducteurs

Keysight a investi 276 millions de dollars spécifiquement dans les technologies de test de semi-conducteurs en 2023, en mettant l'accent sur les nœuds de processus avancés et les architectures de semi-conducteurs émergentes.

Catégorie de test de semi-conducteurs	Investissement	Préparation technologique
Test de nœud de processus avancé	142 millions de dollars	3nm / 2nm prêt
Test de semi-conducteurs larges larges	84 millions de dollars	Sic / gan capable
Validation de la puce AI	50 millions de dollars	Testé accélérateur ML

Keysight Technologies, Inc. (Keys) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations du commerce international et restrictions de contrôle des exportations

Keysight Technologies opère selon des réglementations strictes sur le contrôle des exportations, en particulier régie par le Département américain du Commerce Bureau of Industry and Security (BIS).

Cadre réglementaire	Détails de la conformité
Règlement sur l'administration des exportations (oreille)	Compliance complète avec 15 pièces CFR 730-774
Numéro de classification du contrôle des exportations (ECCN)	Classifications multiples dans les catégories de produits 3A001, 3A002
Dépenses annuelles de conformité à l'exportation	4,7 millions de dollars en 2023

Protection de la propriété intellectuelle et gestion du portefeuille de brevets

Keysight maintient une solide stratégie de propriété intellectuelle avec des investissements de brevets importants.

Métriques de brevet	2023 statistiques
Brevets actifs totaux	2 387 brevets
Dépenses annuelles de dépôt de brevets	12,3 millions de dollars
Budget de défense des litiges de brevet	6,8 millions de dollars

Défis réglementaires en cours dans le transfert de technologie et les marchés internationaux

Keysight fait face à des environnements réglementaires complexes sur les marchés technologiques mondiaux.

Défi réglementaire	Impact du marché
Restrictions de transfert de technologie de Chine	Impact des revenus de 127 millions de dollars en 2023
Règlement sur la conformité numérique de l'UE	Coût d'adaptation de la conformité: 3,6 millions de dollars
Conformité technologique du RGPD	Investissement réglementaire annuel: 2,9 millions de dollars

Examen antitrust potentiel sur les marchés des équipements de test et de mesure

Keysight surveille les considérations antitrust potentielles sur les marchés technologiques compétitifs.

Métrique antitrust	2023 données
Part de marché dans l'équipement de test	37.4%
Budget de surveillance de la conformité légale	5,2 millions de dollars
Frais de consultation juridique antitrust	1,7 million de dollars

Keysight Technologies, Inc. (Keys) - Analyse du pilon: facteurs environnementaux

Engagement à réduire l'empreinte carbone et les pratiques de fabrication durables

Keysight Technologies s'est engagé à réduire les émissions de gaz à effet de serre par 50% d'ici 2030 dans les émissions 1, 2 et 3 émissions. Les émissions totales de carbone de la société en 2022 étaient de 149 000 tonnes métriques CO2E.

Type d'émission	2022 émissions (tonnes métriques CO2E)	Cible de réduction
Portée 1	22,000	25%
Portée 2	67,000	50%
Portée 3	60,000	40%

Accent croissant sur la conception et le développement des produits économes en énergie

Keysight a investi 611 millions de dollars en R&D en 2022, avec 35% des efforts de recherche dédiés au développement de technologies et de produits économes en énergie.

Catégorie de produits	Amélioration de l'efficacité énergétique
Équipement de test électronique	Réduction de 22% de la consommation d'énergie
Analyseurs de réseau	28% amélioré l'efficacité énergétique
Oscilloscopes	25% de consommation d'énergie inférieure

Mise en œuvre des principes de l'économie circulaire dans la gestion du cycle de vie des produits

Keysight a mis en œuvre un programme de recyclage de produits avec 78% des déchets électroniques recyclés ou réutilisés en 2022. La société a récupéré 42 tonnes métriques de composants d'équipement électronique.

Catégorie de recyclage	Quantité (tonnes métriques)	Pourcentage recyclé
Composants électroniques	24	57%
Métaux	12	85%
Plastiques	6	65%

Initiatives de déclaration de la durabilité des entreprises et de responsabilité environnementale

Keysight a publié son 13e rapport annuel sur le développement durable en 2022, avec 100% Conformité aux normes Global Reporting Initiative (GRI). La société a alloué 15,3 millions de dollars aux initiatives de durabilité environnementale.

Initiative de durabilité	Montant d'investissement	Impact
Achat d'énergie renouvelable	7,2 millions de dollars	35% de l'énergie mondiale provenant de sources renouvelables
Conservation de l'eau	3,5 millions de dollars	22% de réduction de la consommation d'eau
Programme de réduction des déchets	4,6 millions de dollars	40% de diminution des déchets de décharge

Keysight Technologies, Inc. (KEYS) - PESTLE Analysis: Social factors

Sociological

You and your fellow decision-makers must recognize that Keysight Technologies' success is deeply intertwined with its social license to operate, especially in a highly specialized, talent-driven sector. This isn't just about corporate feel-good programs; it's a critical risk-mitigation and talent-acquisition strategy. The near-term focus is on two things: cultivating the future engineering workforce and managing the public's trust in next-generation technologies like 6G and Artificial Intelligence (AI).

Significant investment in STEM education, exceeding $295 million in FY2024.

Keysight Technologies is actively addressing the global Science, Technology, Engineering, and Math (STEM) skills gap, which is a massive social constraint for any high-tech company. In fiscal year 2024 (FY2024), the company committed over $295 million in value to strengthen communities, with a strong focus on STEM education and university engagement programs. This investment is crucial because it directly feeds the future talent pipeline needed for its core business in 6G, AI, and advanced electronics.

Here's the quick math: This commitment engaged more than 4.4 million students, future engineers, and technology skill learners worldwide in FY2024 alone. That's a huge reach, and it helps Keysight build brand equity with the next generation of customers and employees. This defintely impacts their long-term competitive position.

Focus on fostering a positive work environment and employee development programs.

In a tight labor market for specialized engineers, Keysight's internal social programs are a key differentiator. The company's commitment to employee growth is evidenced by its jump to #10 overall on the 3BL's 2025 100 Best Corporate Citizens list in the Employees pillar, up from #46 previously. This improvement reflects a concerted effort to enhance the work environment, which includes continuous learning and career development.

For example, in October 2025, Keysight secured a $600,000 workforce training contract from the California Employment Training Panel (ETP) to train 500 currently employed, front-line workers at its California locations. This kind of targeted investment ensures the existing workforce has the skills for evolving technology standards like 5G-Advanced and 6G.

• Keysight University: Offers a catalog of online and instructor-led training modules.
• Value Creation Plans: Formalized quarterly and annual reviews for individual growth.
• Employee Network Groups (ENGs): Fostering an inclusive and supportive culture.

Public trust concerns around AI integration and data security influence 6G adoption.

The transition to 6G, which Keysight is actively enabling, is heavily reliant on AI-native network architectures. The social acceptance of this technology is a major factor, as there are growing public concerns regarding privacy, security, and AI integration. If the public doesn't trust the security of these hyper-connected networks, adoption will slow, impacting Keysight's customer demand for testing solutions.

Keysight is positioning itself as a solution provider to mitigate this social risk. At the India Mobile Congress (IMC) in October 2025, the company demonstrated 20 advanced AI-enabled 6G and wireless solutions. Crucially, this included a 'Device Security Defense' demo, which uses protocol fuzzing and penetration testing to validate device resilience against cyberattacks, directly addressing the data security concern.

Workforce demands for flexible work arrangements in a highly specialized labor market.

The modern, highly specialized workforce, especially the Millennial and Gen Z employees identified by Keysight as having a higher turnover risk, places a premium on work-life integration. Keysight has responded by expanding its flexible work arrangements, which is no longer a perk but a necessity for retaining top engineering talent.

Their offerings go beyond simple remote work, providing a comprehensive suite of options. This flexibility is a competitive advantage in a market where a preference for flexible work schedules is equivalent to a significant pay component for many skilled professionals.

Flexible Work Program	Description and Social Impact
Flexible Time Off (FTO)	Allows employees to use paid time-off for rest, recreation, and personal business, promoting well-being.
Variable Work Schedules	Empowers employees with flexibility to meet obligations outside of work, aiding work-life balance.
Come Back 2 Work Program	Part-time work opportunity to encourage women talent to return to the workforce, boosting gender diversity.
Telecommuting/Part-Time Options	Broadens the talent pool geographically, which is vital for a company with over 15,000 employees globally.

Keysight Technologies, Inc. (KEYS) - PESTLE Analysis: Technological factors

The technological landscape for Keysight Technologies, Inc. is defined by its proactive leadership in next-generation wireless and high-speed digital validation, effectively translating R&D investment into market-defining solutions. You should see this dominance in emerging standards like 6G and AI-accelerated compute as a core driver of the company's premium valuation and consistent revenue growth, which hit $5.375 billion for the full fiscal year 2025.

Recognized as 2025 Global Company of the Year in 6G testing by Frost & Sullivan

Keysight Technologies cemented its position as the market leader in the nascent sixth-generation (6G) wireless ecosystem by receiving the 2025 Global Company of the Year Award in 6G Test and Measurement from Frost & Sullivan on July 30, 2025. This recognition highlights the company's early and strategic alignment of its research and development (R&D) efforts with future 6G market needs, long before commercial deployment. They were the first vendor to secure the U.S. Federal Communications Commission's (FCC) Spectrum Horizons Experimental license, which grants access to sub-terahertz frequencies (95 GHz to 3 THz), a spectrum critical for future ultra-high-speed 6G applications like holographic communication.

This early regulatory breakthrough gives Keysight a defintely unassailable lead in validating the physical layer technologies that competitors are only just beginning to explore. The company's focus is on providing a comprehensive platform that incorporates high-speed hardware, intelligent software, and digital twin capabilities, which allows researchers to emulate full 6G networks and reduce the cost and time of field testing.

Leadership in AI-accelerated compute and silicon photonics testing solutions

The massive build-out of Artificial Intelligence (AI) data center infrastructure and accelerated compute is driving a significant portion of Keysight's wireline business, which is seeing increased test and design intensity. Keysight's solutions are essential for the redesign cycles across the entire technology stack, including AI silicon, Digital Signal Processors (DSPs), switches, and transceivers. In the fourth quarter of fiscal year 2025, the Communications Solutions Group (CSG) reported revenue of $990 million, with AI-related investments being a primary driver of the segment's growth.

Optical speed refresh cycles are accelerating, moving from 400 Gigabit Ethernet (400G) to 800G, and now toward 1.6 Terabit (1.6T) networking. Keysight is at the forefront, having collaborated with Broadcom to validate next-generation 1.6T networking silicon and custom AI accelerators. The company's silicon photonics solutions are critical for advancing Co-Packaged Optics (CPO) and Linear Pluggable Optics (LPO) technologies, which are vital for power efficiency in AI data centers. The market validated this leadership when the Keysight AI Data Center Builder won the Data Center Innovation best product award in October 2025.

Active participation in EU 6G research projects (UNITY-6G, 6G-VERSUS)

Keysight is actively shaping the global 6G standard through deep and sustained involvement in the European Union's 6G Smart Networks and Services Joint Undertaking (SNS-JU), a co-funded research and innovation program. They joined two major new 6G SNS projects in early 2025, expanding their total participation to six SNS-JU projects, including IMAGINE B5G, CENTRIC, 6G-SANDBOX, and 6G-SHINE. This is a smart way to influence future standards and get a first-mover advantage on the required test equipment.

• UNITY-6G: Keysight's role is to validate and benchmark the integration of multi-Radio Access Technology (multi-RAT) and distributed AI components within the new AI-native network architecture.
• 6G-VERSUS: This project focuses on integrating sustainable technologies across six environmentally conscious industries, using 6G platforms to optimize data and decision-making processes, aligning Keysight with the EU's green transition goals.

The company's expertise in test automation and defining Key Performance Indicators (KPIs) and Key Value Indicators (KVIs) is a core contribution to these three-year initiatives, which are being run by their Keysight Laboratories teams in Denmark and Spain.

Continued strong demand for 5G-Advanced and Non-Terrestrial Networks (NTN) testing

While the industry looks to 6G, the immediate demand for testing 5G-Advanced and Non-Terrestrial Networks (NTN) remains robust, providing a strong near-term revenue foundation. Keysight's wireless segment outperformed expectations in fiscal year 2025, driven by the stabilization of 5G and ongoing investments in advanced technology areas.

NTN testing, which includes satellite and aerial communication systems, is a critical enabler for 6G's vision of ubiquitous global coverage, even in remote areas. Keysight's solutions support end-to-end testing for NTN, positioning the company to capture revenue from this untapped market segment. The overall strength in these areas helped Keysight achieve a full-year revenue of $5.375 billion for fiscal year 2025, a growth of 8% year-over-year.

Fiscal Year 2025 Financial Metric	Value (USD)	Significance to Technology Strategy
Total Revenue	$5.375 billion	Reflects successful monetization of R&D in high-growth areas like AI and 6G.
Non-GAAP EPS Growth	14% (Year-over-Year)	Indicates strong operational leverage from high-margin software-centric solutions.
Free Cash Flow (FCF)	$1.3 billion	Provides capital for continued strategic acquisitions and R&D into 6G and AI.
Software and Services Mix	Approximately 37% of total revenue	Demonstrates a shift toward higher-value, recurring, and scalable software-based testing solutions.

Keysight Technologies, Inc. (KEYS) - PESTLE Analysis: Legal factors

The legal landscape for Keysight Technologies, Inc. (KEYS) is defined by high-stakes export control, mandatory global ESG disclosures, and the crucial need to protect its foundational intellectual property (IP). This isn't just about avoiding fines; it's about maintaining the operational license to sell advanced technology globally.

Export control regulations (BIS) on advanced technology require complex compliance.

For a company like Keysight Technologies, Inc., which operates heavily in the Aerospace, Defense, and Government (ADG) sector, U.S. export control regulations are the single biggest legal risk. The Bureau of Industry and Security (BIS) and the International Traffic in Arms Regulations (ITAR) govern the sale of high-performance measurement and testing solutions, especially those with potential military applications (dual-use technology).

Keysight Technologies, Inc. has a history here, which means compliance is under a microscope. Back in 2021, the company agreed to a $6.6 million civil penalty with the State Department's Directorate of Defense Trade Controls (DDTC) to settle 24 alleged unauthorized exports of technical data and software, including to proscribed destinations like China and Russia. Of that amount, the Department of State agreed to suspend $2.5 million on the condition that the funds were used for remedial compliance measures, which shows the cost of a compliance failure extends far beyond the initial fine.

The complexity is defintely rising. One wrong classification of a software update can lead to a violation.

Growing number of entities on the U.S. Department of Commerce (DOC) Entity List.

The constant expansion of the U.S. Department of Commerce (DOC) Entity List and the Military End-User (MEU) List poses a continuous operational challenge, especially given Keysight Technologies, Inc.'s significant global footprint. This forces the company to perform rigorous, continuous screening of its customers and partners.

In a major regulatory shift, the DOC's BIS issued a new 'Affiliates Rule' around October 2, 2025, which significantly broadens the scope of restrictions. Now, any non-listed entity owned 50% or more, directly or indirectly, by a restricted party on the Entity List or MEU List is also subject to the same licensing requirements. This means Keysight Technologies, Inc. must now look deeper into the ownership structure of its counterparties, which is a huge lift for the compliance team.

The list itself is growing rapidly, focusing on key technology areas where Keysight Technologies, Inc. operates:

• In March 2025, BIS added over 80 entities to the Entity List, with a focus on restricting the acquisition of high-performance computing, quantum technologies, and components for hypersonic weapons programs.
• In January 2025, another 11 entities were added, primarily for activities related to advanced artificial intelligence (AI) research and lithography technology for advanced-node fabrication facilities in China.

Compliance with international ESG disclosure frameworks (GRI, SASB) is mandatory.

While not a direct legal mandate in the same way as export controls, compliance with international Environmental, Social, and Governance (ESG) disclosure frameworks is now a mandatory expectation from institutional investors and regulators worldwide. Keysight Technologies, Inc. has been proactive, which mitigates investor risk.

The company's 2024 Corporate Social Responsibility (CSR) Data Report, released in May 2025, confirms its alignment with key standards:

• The disclosures are prepared with reference to the Global Reporting Initiative (GRI) Revised Universal and Topic Standards.
• The data is aligned with the Sustainability Accounting Standards Board (SASB) frameworks, specifically for the Resource Transformation - Electrical & Electronic Equipment industry.

This commitment is paying off on the governance front. Keysight Technologies, Inc. reported that it met its ethical governance goals in fiscal year 2024 by not incurring any material negative impacts to its income statement from CSR-related matters.

Strict intellectual property (IP) protection is critical for R&D-heavy solutions.

Keysight Technologies, Inc.'s business model is built on being 'first-to-market' with solutions for next-generation technologies like 6G, AI infrastructure, and quantum computing. This requires massive investment in research and development (R&D), which must be legally protected by a strong IP portfolio.

In fiscal year 2025, Keysight Technologies, Inc. invested heavily in its core innovation, which underscores the importance of IP protection. Here's the quick math on their investment:

Fiscal Year 2025 Metric	Amount/Value	Context
Total Revenue (FY2025)	$5.375 billion	Up 8% from FY2024.
R&D Investment (FY2025)	Invested in R&D	Investment in R&D was a priority alongside $1.7 billion deployed for acquisitions in FY2025.
Total Global Patents (Approx.)	2,318 patents	The total global patent count, with over 78% of these patents being active.

While the exact R&D dollar figure is often grouped with acquisitions in public summaries, the company explicitly stated it 'Invested in R&D' while deploying $1.7 billion for three strategic acquisitions in FY2025, including Spirent and PowerArtist, which expand its software-centric IP. The existing portfolio of approximately 2,318 patents globally, with the majority filed in the United States, is the legal moat protecting its competitive advantage in areas like electronic warfare and data analytics.

Next Step: Compliance and Legal teams need to finalize the integration of the new BIS Affiliates Rule into the customer screening process by the December 1, 2025, deadline.

Keysight Technologies, Inc. (KEYS) - PESTLE Analysis: Environmental factors

Keysight Technologies, Inc.'s environmental strategy is a significant competitive advantage, moving beyond simple compliance to integrate sustainability into product design and operations. The core takeaway for investors is that the company's aggressive, science-based targets for net-zero emissions and renewable energy, backed by a 39 megawatt (MW) Virtual Power Purchase Agreement (VPPA) signed in early 2025, defintely de-risk their long-term operational costs and align them with major institutional ESG mandates.

Commitment to Achieve Net Zero Emissions in Operations by the End of 2040

Keysight has set an ambitious, long-term goal to achieve net zero greenhouse gas (GHG) emissions in its company operations (Scope 1 and 2) by the end of fiscal year 2040. This target is a full decade ahead of the Paris Agreement's 2050 timeline, signaling serious executive commitment. Critically, this ambition is supported by approved near-term Science Based Targets (SBTs) that provide clear accountability milestones.

Here's the quick math on their operational climate targets:

• Reduce absolute Scope 1 and 2 GHG emissions by 42% by the end of fiscal year 2030, using a fiscal year 2021 base.
• Commit that 73% of customers, by emissions covering use of sold products (Scope 3), will have their own science-based targets by fiscal year 2028.

This dual focus-on both direct operations and the customer value chain-shows a comprehensive approach to managing their total carbon footprint, which is a stronger signal than just tackling Scope 1 and 2 emissions alone.

Virtual Power Purchase Agreement (VPPA) Targets 100% Renewable Electricity for US/Canada by 2027

The company made a major move in January 2025 by signing its first Virtual Power Purchase Agreement (VPPA) with Southern Power. This agreement is a concrete step toward their renewable energy goals and locks in a long-term supply of clean power for a significant portion of their global footprint.

The VPPA secures renewable energy credits from a 39 MW portion of the Millers Branch Solar Facility in Texas.

This project is estimated to generate renewable electricity equivalent to 100% of Keysight's electricity consumption in the United States and Canada, with commercial operation expected to start in the first quarter of fiscal year 2027.

This commitment is a key driver for their overall renewable energy goals:

Metric	Target	Target Date	Base Year
Net Zero Emissions (Scope 1 & 2)	Achieve net zero	End of FY 2040	N/A
GHG Emissions Reduction (Scope 1 & 2)	42% absolute reduction	End of FY 2030	FY 2021
Renewable Electricity (US/Canada)	100% match (via 39 MW VPPA)	Q1 FY 2027	N/A
Renewable Electricity (Global Interim Goal)	55% of global electricity from renewables	End of FY 2030	FY 2019

New 6G Projects Integrate AI-Driven Energy Efficiency to Minimize Network Impact

Keysight is strategically embedding sustainability into its core product offerings, not just its operations. The push toward the next generation of wireless technology, 6G, is a massive energy concern for the Information and Communications Technology (ICT) sector, which consumed approximately 4% of global electricity in 2020.

To address this, the company is participating in two major European Union 6G Smart Networks and Services Joint Undertaking (SNS-JU) projects, UNITY-6G and 6G-VERSUS, announced in early 2025.

These projects are focused on:

• Developing an AI-native architecture for 6G networks.
• Prioritizing energy efficiency and sustainability from the ground up.
• Using AI-driven management systems to optimize network operations and reduce the carbon footprint of future communications infrastructure.

This is a smart play: Keysight is positioning its test and measurement solutions as essential tools for the industry to meet its own sustainability mandates for 6G, turning an environmental challenge into a revenue opportunity for its Communications Solutions Group.

Emphasis on Resource Conservation and Waste Minimization in Global Operations

Beyond energy, Keysight maintains a strong focus on resource conservation and waste minimization, driven by an ISO 14001:2015-certified Environmental Management System (EMS) across its global operations.

The company prioritizes pollution prevention, hazardous waste minimization, and water conservation. For instance, in fiscal year 2024, Keysight implemented a recycled water initiative at its Penang, Malaysia site to utilize filtered river water for plant irrigation, demonstrating concrete, site-specific conservation efforts.

They also implemented over 15 conservation infrastructure projects worldwide in fiscal year 2024, which is how they are working toward their interim goal of a 10% energy reduction by the end of fiscal year 2030 (from a 2019 baseline).

What this estimate hides is the potential for a sudden, severe escalation in US-China trade policy, which could instantly pressure the Communications Solutions Group (CSG) revenue, but still, the long-term trend toward 6G and AI is a powerful counter-force.

Next Step: Portfolio Managers should stress-test the KEYS valuation model using a 10% downside scenario on all China-related revenue for Fiscal Year 2026 by Friday.