KEYS vs. SMCI: Keysight vs. Super Micro Computer Stock Comparison

November 11, 2026

How do Keysight (KEYS) and Super Micro Computer (SMCI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Keysight (KEYS) and Super Micro Computer (SMCI) both fall under the Technology Hardware & Equipment industry group, but KEYS is classified in Electronic Equipment, Instruments & Components while SMCI is classified in Technology Hardware, Storage & Peripherals.

Company profile comparison for Keysight (KEYS) and Super Micro Computer (SMCI)
Profile Item	KEYS	SMCI
Name	Keysight Technologies, Inc.	Super Micro Computer Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Electronic Equipment & Instruments	Technology Hardware, Storage & Peripherals
Market Capitalization	46.33 billion USD	18.96 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 20, 2014	March 29, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

KEYS

SMCI

GSPC

Keysight (KEYS) vs. Super Micro Computer (SMCI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Keysight (KEYS) and Super Micro Computer (SMCI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Keysight (KEYS) and Super Micro Computer (SMCI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Keysight (KEYS) and Super Micro Computer (SMCI)
Metric	KEYS	SMCI
Total Return (1Y)	59.88%	-26.81%
Total Return (3Y, Annualized)	33.36%	3.18%
Total Return (5Y, Annualized)	9.24%	45.36%

Risk Profile

Drawdown History

KEYS

SMCI

GSPC

Keysight (KEYS) vs. Super Micro Computer (SMCI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Keysight (KEYS) and Super Micro Computer (SMCI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Super Micro Computer (SMCI) carries a highly aggressive beta of 2.21, indicating much higher sensitivity to broad-market moves, whereas Keysight (KEYS) is closer to market-like at 1.22 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Keysight (KEYS) and Super Micro Computer (SMCI)
Metric	KEYS	SMCI
Volatility (1Y, Annualized)	47.95%	93.09%
Beta (5Y)	1.22	2.21
Max Drawdown (5Y)	-42.62%	-84.84%
Avg. Volume (3M)	1.31M	43.55M

Risk-Adjusted Performance

Risk-Return Positioning

KEYS and SMCI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Keysight (KEYS) and Super Micro Computer (SMCI)
Metric	KEYS	SMCI
Sharpe Ratio (1Y)	1.16	-0.33
Sortino Ratio (1Y)	1.82	-0.48

Profitability

ROE (TTM)

Both Keysight (KEYS) at 20.90% and Super Micro Computer (SMCI) at 32.37% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

KEYS

Technology Hardware & Equipment industry group

20.90%

Max: 42.47%
KEYS: 20.90%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

SMCI

Technology Hardware & Equipment industry group

32.37%

Max: 42.47%
SMCI: 32.37%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Keysight (KEYS) at 19.14% retains a top-quartile share of revenue as profit, ahead of Super Micro Computer (SMCI) at 6.77%, which keeps about the industry-typical share.

KEYS

Technology Hardware & Equipment industry group

19.14%

Max: 27.60%
KEYS: 19.14%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

SMCI

Technology Hardware & Equipment industry group

6.77%

Max: 27.60%
Q3: 11.66%
SMCI: 6.77%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Keysight (KEYS) at 25.68% operates in the top operating margin quartile, ahead of Super Micro Computer (SMCI) at 10.35%, which runs around its industry’s norm.

KEYS

Technology Hardware & Equipment industry group

25.68%

Max: 36.27%
KEYS: 25.68%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

SMCI

Technology Hardware & Equipment industry group

10.35%

Max: 36.27%
Q3: 18.36%
SMCI: 10.35%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Keysight (KEYS) and Super Micro Computer (SMCI)
Metric	KEYS	SMCI
ROE (TTM)	20.90%	32.37%
ROA (TTM)	7.23%	11.61%
Net Margin (TTM)	19.14%	6.77%
Operating Margin (TTM)	25.68%	10.35%
Gross Margin (TTM)	63.28%	11.67%

Growth

Revenue Growth

Super Micro Computer (SMCI) at 77.79% clears its industry range for revenue growth, far stronger top-line momentum than Keysight (KEYS) at 7.95%, which is closer to a typical peer reading.

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Super Micro Computer (SMCI) at 94.05% sits in the top EPS growth quartile, while Keysight (KEYS) at 39.32% is closer to the peer norm — faster per-share earnings growth for SMCI.

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Keysight (KEYS) and Super Micro Computer (SMCI)
Metric	KEYS	SMCI
Revenue Growth (YoY)	7.95%	77.79%
Revenue Growth (3Y CAGR)	-0.28%	76.34%
EPS Growth (YoY)	39.32%	94.05%
EPS Growth (3Y CAGR)	-7.51%	41.82%

Financial Strength

Current Ratio (MRQ)

Keysight (KEYS) at 2.02 keeps current ratio within its industry’s typical mid-range, while Super Micro Computer (SMCI) at 3.02 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

KEYS

Technology Hardware & Equipment industry group

2.02

Max: 5.34
Q3: 3.02
KEYS: 2.02
Median: 1.95
Q1: 1.32
Min: 0.17

SMCI

Technology Hardware & Equipment industry group

3.02

Max: 5.34
SMCI: 3.02
Q3: 3.02
Median: 1.95
Q1: 1.32
Min: 0.17

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Keysight (KEYS) at 0.42 and Super Micro Computer (SMCI) at 0.57 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

KEYS

Technology Hardware & Equipment industry group

0.42

Max: 1.76
Q3: 0.78
KEYS: 0.42
Median: 0.24
Q1: 0.04
Min: 0.01

SMCI

Technology Hardware & Equipment industry group

0.57

Max: 1.76
Q3: 0.78
SMCI: 0.57
Median: 0.24
Q1: 0.04
Min: 0.01

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Keysight (KEYS) and Super Micro Computer (SMCI)
Metric	KEYS	SMCI
Current Ratio (MRQ)	2.02	3.02
Debt / Equity (MRQ)	0.42	0.57
Net Debt / EBITDA	0.09	0.50

Dividends

Dividend Yield (TTM)

Neither Keysight (KEYS) nor Super Micro Computer (SMCI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

KEYS

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
KEYS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

SMCI

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
SMCI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Keysight (KEYS) nor Super Micro Computer (SMCI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

KEYS

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
KEYS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

SMCI

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
SMCI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Keysight (KEYS) and Super Micro Computer (SMCI)
Metric	KEYS	SMCI
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Super Micro Computer (SMCI) at 6.07 sits in the cheaper P/E ratio quartile, while Keysight (KEYS) at 36.82 is closer to its industry’s usual earnings multiple — a discount for SMCI, though growth and earnings durability still matter.

KEYS

Technology Hardware & Equipment industry group

36.82

Max: 69.48
Q3: 41.02
KEYS: 36.82
Median: 26.39
Q1: 19.36
Min: 6.07

SMCI

Technology Hardware & Equipment industry group

6.07

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
SMCI: 6.07
Min: 6.07

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Super Micro Computer (SMCI) at 0.35 looks cheap on sales in the lower P/S ratio quartile, while Keysight (KEYS) at 7.04 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

KEYS

Technology Hardware & Equipment industry group

7.04

Max: 11.30
KEYS: 7.04
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

SMCI

Technology Hardware & Equipment industry group

0.35

Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
SMCI: 0.35
Min: 0.00

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Super Micro Computer (SMCI) at 1.60 looks cheap against book in the lower P/B ratio quartile, while Keysight (KEYS) at 7.05 carries a premium in the upper quartile — a clear price-to-book gap.

KEYS

Technology Hardware & Equipment industry group

7.05

Max: 10.75
KEYS: 7.05
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

SMCI

Technology Hardware & Equipment industry group

1.60

Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
SMCI: 1.60
Min: 0.33

Keysight (KEYS) vs. Super Micro Computer (SMCI): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Keysight (KEYS) and Super Micro Computer (SMCI)
Metric	KEYS	SMCI
P/E Ratio (TTM)	36.82	6.07
P/S Ratio (TTM)	7.04	0.35
P/B Ratio (MRQ)	7.05	1.60
Free Cash Flow Yield (TTM)	4.03%	-42.54%