Keysight Technologies (KEYS)

NYSE Information Technology Electronic Equipment & Instruments S&P 500

$272.13

+11.52 (+4.42%)

Close of Nov 06, 2026 · end-of-day data

Source: Keysight Technologies's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.92B	$3.19B	$3.88B	$4.30B	$4.22B	$4.94B	$5.42B	$5.46B	$4.98B	$5.38B
Cost of revenue	$1.29B	$1.49B	$1.77B	$1.77B	$1.69B	$1.87B	$1.97B	$1.93B	$1.85B	$2.04B
Gross profit	$1.62B	$1.70B	$2.11B	$2.53B	$2.53B	$3.07B	$3.45B	$3.53B	$3.13B	$3.34B
Research & development	$434.00M	$507.00M	$624.00M	$688.00M	$715.00M	$811.00M	$841.00M	$882.00M	$919.00M	$1.01B
Selling, general & admin	$832.00M	$1.06B	$1.21B	$1.16B	$1.10B	$1.20B	$1.28B	$1.31B	$1.40B	$1.47B
Operating income	$375.00M	$148.00M	-$394.00M	$711.00M	$765.00M	$1.08B	$1.33B	$1.36B	$833.00M	$876.00M
Interest expense	$47.00M	$80.00M	$83.00M	$80.00M	$78.00M	$79.00M	$79.00M	$78.00M	$84.00M	$96.00M
Pre-tax income	$515.00M	$598.00M	$735.00M	$715.00M	$761.00M	$1.01B	$1.28B	$1.36B	$865.00M	$1.08B
Income tax	$31.00M	$77.00M	-$576.00M	$94.00M	$134.00M	$116.00M	$161.00M	$300.00M	$251.00M	$213.00M
Net income	$335.00M	$102.00M	$165.00M	$621.00M	$627.00M	$894.00M	$1.12B	$1.06B	$614.00M	$850.00M
EBITDA	$509.00M	$373.00M	-$291.00M	$807.00M	$869.00M	$1.20B	$1.45B	$1.48B	$959.00M	$1.01B
EPS (basic)	$1.97	$0.57	$0.88	$3.31	$3.35	$4.84	$6.23	$5.95	$3.53	$4.93
EPS (diluted)	$1.95	$0.56	$0.86	$3.25	$3.31	$4.78	$6.18	$5.91	$3.51	$4.91
Diluted shares	172.00M	182.00M	191.00M	191.00M	189.00M	187.00M	182.00M	179.00M	175.00M	173.00M
Gross margin	55.7%	53.4%	54.4%	58.9%	60.0%	62.1%	63.7%	64.6%	62.9%	62.1%
Operating margin	12.9%	4.6%	-10.2%	16.5%	18.1%	21.9%	24.6%	24.9%	16.7%	16.3%
Net margin	11.5%	3.2%	4.3%	14.4%	14.9%	18.1%	20.7%	19.3%	12.3%	15.8%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$783.00M	$818.00M	$913.00M	$1.60B	$1.76B	$2.05B	$2.04B	$2.47B	$1.80B	$1.87B
Short-term investments	$0	—	—	—	—	—	—	—	—	—
Receivables	$437.00M	$547.00M	$624.00M	$668.00M	$606.00M	$735.00M	$905.00M	$900.00M	$857.00M	$939.00M
Inventory	$474.00M	$588.00M	$619.00M	$705.00M	$757.00M	$777.00M	$858.00M	$985.00M	$1.02B	$1.05B
Total current assets	$1.85B	$2.18B	$2.38B	$3.21B	$3.37B	$3.83B	$4.23B	$4.81B	$4.26B	$4.35B
Goodwill	$736.00M	$1.88B	$1.17B	$1.21B	$1.54B	$1.63B	$1.58B	$1.64B	$2.39B	$3.42B
Total assets	$3.80B	$5.93B	$5.82B	$6.62B	$7.22B	$7.78B	$8.10B	$8.68B	$9.27B	$11.30B
Total current liabilities	$644.00M	$819.00M	$1.46B	$1.00B	$1.08B	$1.31B	$1.41B	$2.05B	$1.43B	$1.85B
Short-term debt	$0	$10.00M	$499.00M	$0	—	—	$0	$599.00M	$0	$0
Long-term debt	$1.09B	$2.04B	$1.29B	$1.79B	$1.79B	$1.79B	$1.79B	$1.20B	$1.79B	$2.53B
Total debt	$1.09B	$2.05B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$2.53B
Total liabilities	$2.28B	$3.62B	$3.39B	$3.62B	$3.92B	$4.00B	$3.94B	$4.03B	$4.16B	$5.42B
Shareholders' equity	$1.51B	$2.31B	$2.43B	$3.00B	$3.30B	$3.78B	$4.16B	$4.65B	$5.11B	$5.88B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$420.00M	$328.00M	$555.00M	$998.00M	$1.02B	$1.32B	$1.14B	$1.41B	$1.05B	$1.41B
Capital expenditures	$91.00M	$72.00M	$132.00M	$120.00M	$117.00M	$174.00M	$185.00M	$197.00M	$154.00M	$128.00M
Free cash flow	$329.00M	$256.00M	$423.00M	$878.00M	$899.00M	$1.15B	$959.00M	$1.21B	$898.00M	$1.28B
Investing cash flow	-$90.00M	-$1.72B	-$108.00M	-$196.00M	-$442.00M	-$353.00M	-$251.00M	-$288.00M	-$819.00M	-$1.73B
Financing cash flow	-$29.00M	$1.43B	-$341.00M	-$122.00M	-$413.00M	-$671.00M	-$861.00M	-$687.00M	-$913.00M	$385.00M
Share buybacks	$62.00M	$0	$120.00M	$159.00M	$411.00M	$673.00M	$849.00M	$702.00M	$439.00M	$375.00M
Stock-based compensation	$49.00M	$56.00M	$59.00M	$82.00M	$92.00M	$103.00M	$125.00M	$135.00M	$137.00M	$162.00M
Depreciation & amortization	$134.00M	$225.00M	$103.00M	$96.00M	$104.00M	$117.00M	$117.00M	$120.00M	$126.00M	$131.00M

Income statement

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Revenue	$1.31B	$1.26B	$1.22B	$1.22B	$1.29B	$1.30B	$1.31B	$1.35B	$1.42B	$1.60B	$1.72B	$1.85B
Cost of revenue	$467.00M	$446.00M	$453.00M	$462.00M	$485.00M	$478.00M	$492.00M	$518.00M	$550.00M	$605.00M	$539.00M	$630.00M
Gross profit	$844.00M	$813.00M	$763.00M	$755.00M	$802.00M	$820.00M	$814.00M	$834.00M	$869.00M	$995.00M	$1.18B	$1.22B
Research & development	$218.00M	$232.00M	$228.00M	$226.00M	$233.00M	$249.00M	$250.00M	$250.00M	$258.00M	$303.00M	$320.00M	$312.00M
Selling, general & admin	$313.00M	$362.00M	$361.00M	$329.00M	$343.00M	$361.00M	$360.00M	$354.00M	$399.00M	$447.00M	$456.00M	$446.00M
Operating income	$317.00M	$221.00M	$177.00M	$205.00M	$230.00M	$218.00M	$207.00M	$234.00M	$217.00M	$248.00M	$407.00M	$461.00M
Interest expense	$20.00M	$20.00M	$20.00M	$21.00M	$23.00M	$20.00M	$20.00M	$28.00M	$28.00M	$29.00M	$25.00M	$26.00M
Pre-tax income	$276.00M	$229.00M	$175.00M	$213.00M	$248.00M	$199.00M	$320.00M	$241.00M	$322.00M	$198.00M	$418.00M	$477.00M
Income tax	$50.00M	$57.00M	$49.00M	-$176.00M	$321.00M	$30.00M	$63.00M	$50.00M	$70.00M	-$83.00M	$69.00M	$80.00M
Net income	$226.00M	$172.00M	$126.00M	$389.00M	-$73.00M	$169.00M	$257.00M	$191.00M	$233.00M	$281.00M	$349.00M	$397.00M
EBITDA	$347.00M	$251.00M	$209.00M	$237.00M	$262.00M	$249.00M	$240.00M	$267.00M	$251.00M	$286.00M	$446.00M	$500.00M
EPS (basic)	$1.29	$0.98	$0.73	$2.23	$-0.41	$0.97	$1.49	$1.11	$1.35	$1.64	$2.04	$2.33
EPS (diluted)	$1.28	$0.98	$0.72	$2.22	$-0.41	$0.97	$1.49	$1.10	$1.35	$1.63	$2.02	$2.30
Diluted shares	0	176.00M	175.00M	175.00M	0	174.00M	173.00M	173.00M	0	173.00M	173.00M	173.00M
Gross margin	64.4%	64.6%	62.7%	62.0%	62.3%	63.2%	62.3%	61.7%	61.2%	62.2%	68.6%	65.9%
Operating margin	24.2%	17.6%	14.6%	16.8%	17.9%	16.8%	15.8%	17.3%	15.3%	15.5%	23.7%	25.0%
Net margin	17.2%	13.7%	10.4%	32.0%	-5.7%	13.0%	19.7%	14.1%	16.4%	17.6%	20.3%	21.5%

Balance sheet

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Cash & equivalents	$2.47B	$1.75B	$1.66B	$1.63B	$1.80B	$2.06B	$3.12B	$2.64B	$1.87B	$2.18B	$2.41B	$2.60B
Receivables	$900.00M	$808.00M	$809.00M	$802.00M	$857.00M	$797.00M	$744.00M	$692.00M	$939.00M	$914.00M	$1.02B	$1.07B
Inventory	$985.00M	$1.02B	$1.02B	$1.03B	$1.02B	$1.04B	$1.03B	$1.02B	$1.05B	$1.05B	$1.04B	$1.05B
Total current assets	$4.81B	$4.08B	$3.97B	$4.00B	$4.26B	$4.46B	$5.47B	$5.60B	$4.35B	$4.70B	$5.04B	$5.29B
Goodwill	$1.64B	$2.25B	$2.28B	$2.39B	$2.39B	$2.35B	$2.43B	$2.43B	$3.42B	$3.47B	$3.46B	$3.46B
Total assets	$8.68B	$9.06B	$8.99B	$9.32B	$9.27B	$9.39B	$10.54B	$10.65B	$11.30B	$11.48B	$11.74B	$11.92B
Total current liabilities	$2.05B	$2.12B	$1.99B	$1.95B	$1.43B	$1.51B	$1.61B	$1.56B	$1.85B	$1.80B	$2.65B	$2.61B
Short-term debt	$599.00M	$609.00M	$600.00M	$600.00M	$0	—	—	—	$0	—	$699.00M	$700.00M
Long-term debt	$1.20B	$1.21B	$1.20B	$1.20B	$1.79B	$1.79B	$2.53B	$2.53B	$2.53B	$2.53B	$1.83B	$1.82B
Total debt	$1.79B	$1.82B	$1.79B	$1.80B	$1.79B	$1.79B	$2.53B	$2.53B	$2.53B	$2.53B	$2.53B	$2.52B
Total liabilities	$4.03B	$4.24B	$4.08B	$4.09B	$4.16B	$4.20B	$5.06B	$4.98B	$5.42B	$5.28B	$5.41B	$5.35B
Shareholders' equity	$4.65B	$4.82B	$4.90B	$5.23B	$5.11B	$5.19B	$5.48B	$5.67B	$5.88B	$6.21B	$6.33B	$6.57B

Cash flow

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Operating cash flow	$378.00M	$328.00M	$110.00M	$255.00M	$359.00M	$378.00M	$484.00M	$322.00M	$225.00M	$441.00M	$501.00M	$437.00M
Capital expenditures	$39.00M	$47.00M	$36.00M	$33.00M	$38.00M	$32.00M	$27.00M	$31.00M	$38.00M	$34.00M	$29.00M	$34.00M
Free cash flow	$339.00M	$281.00M	$74.00M	$222.00M	$321.00M	$346.00M	$457.00M	$291.00M	$187.00M	$407.00M	$472.00M	$403.00M
Investing cash flow	-$38.00M	-$511.00M	-$120.00M	-$150.00M	-$38.00M	-$33.00M	-$33.00M	-$31.00M	-$1.63B	-$44.00M	-$36.00M	-$55.00M
Financing cash flow	-$428.00M	-$548.00M	-$73.00M	-$132.00M	-$160.00M	-$74.00M	$589.00M	-$28.00M	-$102.00M	-$99.00M	-$229.00M	-$187.00M
Share buybacks	$426.00M	$93.00M	$46.00M	$150.00M	$150.00M	$75.00M	$150.00M	$50.00M	$100.00M	$87.00M	$220.00M	$210.00M
Stock-based compensation	$25.00M	$48.00M	$34.00M	$29.00M	$26.00M	$62.00M	$36.00M	$31.00M	$33.00M	$76.00M	$58.00M	$47.00M
Depreciation & amortization	$30.00M	$30.00M	$32.00M	$32.00M	$32.00M	$31.00M	$33.00M	$33.00M	$34.00M	$38.00M	$39.00M	$39.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.