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Keysight Technologies KEYS

$355.92
+$2.56 (+0.72%)
Market open · Sep 24, 2:00 pm ET
After hours $353.24 -0.03%
Open$346.01
Prev close$353.36
Day range$343.78 – $357.88
Volume429.8K
Market cap$60.59B
P/E (TTM)48.9
Dividend yield–

Fundamentals

Latest reported quarter: Q3, ended Jul 2026

Revenue$1.85B+36.5% YoY
Operating profit$461.00M+97.0% YoY
Net profit$397.00M+107.9% YoY
Diluted EPS$2.30+109.1% YoY
Free cash flow$403.00M+38.5% YoY
Operating cash flow$437.00M

Revenue, last 8 quarters

$1.3BOct '24$1.3BJan '25$1.3BApr '25$1.4BJul '25$1.4BOct '25$1.6BJan '26$1.7BApr '26$1.8BJul '26

Net profit, last 8 quarters

$-73.0MOct '24$169.0MJan '25$257.0MApr '25$191.0MJul '25$233.0MOct '25$281.0MJan '26$349.0MApr '26$397.0MJul '26

Diluted EPS by quarter

-0.42Oct '240.97Jan '251.49Apr '251.10Jul '251.33Oct '251.63Jan '262.02Apr '262.30Jul '26

Free cash flow by quarter

$321.0MOct '24$346.0MJan '25$457.0MApr '25$291.0MJul '25$187.0MOct '25$407.0MJan '26$472.0MApr '26$403.0MJul '26

Annual revenue

$4.2BFY20$4.9BFY21$5.4BFY22$5.5BFY23$5.0BFY24$5.4BFY25

Profitability & balance sheet

Gross margin64.7%
Operating margin20.3%
Net margin19.1%
Return on equity20.6%
Return on assets11.2%
Return on invested capital14.4%
Current ratio2.02
Liabilities / assets44.9%
Cash & investments$2.61B
Total debt$2.69B
Net cash (debt)-$88.00M
Free cash flow / sales22.3%

Where the revenue comes from

Quarter 2026/Q3

By business line

  • Communications Solutions Group (CSG)$1.35B 72.9%
  • Electronic Industrial Solutions Group (EISG)$501.00M 27.1%

Income statement

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Total Revenue as Reported $1.85B $1.72B $1.60B $5.38B $1.42B
Total Operating Revenue $1.85B $1.72B $1.60B $5.38B $1.42B
Cost of Revenue $630.00M $539.00M $605.00M $2.04B $550.00M
Gross Profit $1.22B $1.18B $995.00M $3.34B $869.00M
Operating Expense $755.00M $771.00M $747.00M $2.46B $652.00M
Selling and Admin Expenses $446.00M $456.00M $447.00M $1.47B $399.00M
Research & Development $312.00M $320.00M $303.00M $1.01B $258.00M
Other Operating Expenses -$3.00M -$5.00M -$3.00M -$20.00M -$5.00M
Operating Profit $461.00M $407.00M $248.00M $876.00M $217.00M
Net Non-Operating Interest Income (Expense) -$6.00M -$7.00M -$13.00M $6.00M $3.00M
Non-Operating Interest Income $20.00M $18.00M $16.00M $102.00M $31.00M
Non-Operating Interest Expense $26.00M $25.00M $29.00M $96.00M $28.00M
Other Income (Expense) $22.00M $18.00M -$37.00M $200.00M $102.00M
Other Non-Operating Income (Expenses) $22.00M $18.00M -$37.00M $200.00M $102.00M
Pretax Profit $477.00M $418.00M $198.00M $1.08B $322.00M
Tax $80.00M $69.00M -$83.00M $213.00M $70.00M
Net Profit $397.00M $349.00M $281.00M $850.00M $233.00M
Profit from Continuing Operations $397.00M $349.00M $281.00M $869.00M $252.00M
Net Income to Parent Company $397.00M $349.00M $281.00M $850.00M $233.00M
Net Income to Common Stockholders $397.00M $349.00M $281.00M $850.00M $233.00M
Basic EPS $2.33 $2.04 $1.64 $4.93 $1.34
Diluted EPS $2.30 $2.02 $1.63 $4.91 $1.33
Net Income from Discontinuous Operations – – – -$19.00M –

Balance sheet

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Total Assets $11.92B $11.74B $11.48B $11.30B $11.30B
Total Current Assets $5.29B $5.04B $4.70B $4.35B $4.35B
Cash and Cash Equivalents & Short-Term Investments $2.61B $2.41B $2.18B $1.87B $1.87B
-Cash and Cash Equivalents $2.61B $2.41B $2.18B $1.87B $1.87B
Receivables $1.13B $1.12B $1.03B $974.00M $974.00M
-Accounts Receivable $1.07B $1.02B $914.00M $939.00M $939.00M
-Taxes Receivable $64.00M $100.00M $113.00M $35.00M $35.00M
Prepaid Assets $281.00M $271.00M $273.00M $285.00M $285.00M
Inventory $1.05B $1.04B $1.05B $1.05B $1.05B
Other Current Assets $222.00M $199.00M $175.00M $166.00M $166.00M
Total Non-Current Assets $6.64B $6.70B $6.78B $6.95B $6.95B
Net PPE $956.00M $961.00M $986.00M $1.03B $1.03B
-Gross PPE $956.00M $961.00M $986.00M $2.84B $2.84B
Investments and Advances $188.00M $169.00M $147.00M $211.00M $211.00M
Goodwill and Other Intangible Assets $4.58B $4.64B $4.73B $4.73B $4.73B
-Goodwill $3.46B $3.47B $3.47B $3.42B $3.42B
-Other Intangible Assets $1.11B $1.17B $1.25B $1.30B $1.30B
Non-Current Deferred Assets $327.00M $335.00M $330.00M $373.00M $373.00M
Other Non-Current Assets $589.00M $592.00M $592.00M $91.00M $91.00M
Total Liabilities $5.35B $5.41B $5.28B $5.42B $5.42B
Total Current Liabilities $2.61B $2.65B $1.81B $1.85B $1.85B
Payables $587.00M $516.00M $530.00M $562.00M $562.00M
-Accounts Payable $424.00M $392.00M $334.00M $355.00M $355.00M
-Total Tax Payable $163.00M $124.00M $196.00M $207.00M $207.00M
Current Accrued Expenses $186.00M $197.00M $165.00M $186.00M $186.00M
Short-Term Debt and Capital Lease Obligation $753.00M $751.00M $52.00M $51.00M $51.00M
-Current Debt $700.00M $699.00M – – –
-Current Capital Lease Obligation $53.00M $52.00M $52.00M $51.00M $51.00M
Current Deferred Liabilities $707.00M $737.00M $729.00M $652.00M $652.00M
Total Non-Current Liabilities $2.74B $2.76B $3.47B $3.57B $3.57B
Long Term Debt and Capital Lease Obligation $1.99B $2.01B $2.72B $2.73B $2.73B
-Long Term Debt $1.82B $1.83B $2.53B $2.53B $2.53B
-Long Term Capital Lease Obligation $176.00M $176.00M $186.00M $193.00M $193.00M
Non-Current Deferred Liabilities $250.00M $251.00M $237.00M $232.00M $232.00M
Employee Benefits $76.00M $76.00M $75.00M $75.00M $75.00M
Other Non-Current Liabilities $419.00M $423.00M $439.00M $536.00M $536.00M
Total Equity $6.57B $6.33B $6.21B $5.88B $5.88B
Stockholders' Equity $6.57B $6.33B $6.21B $5.88B $5.88B
Capital Stock $2.00M $2.00M $2.00M $2.00M $2.00M
-Common Stock $2.00M $2.00M $2.00M $2.00M $2.00M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $3.06B $2.98B $2.93B $2.85B $2.85B
Retained Earnings $8.10B $7.71B $7.36B $7.08B $7.08B
Less: Treasury Stock $4.32B $4.11B $3.89B $3.80B $3.80B
Gains/Losses Not Affecting Retained Earnings -$272.00M -$250.00M -$199.00M -$248.00M -$248.00M
-Accumulated Depreciation – – – -$1.80B -$1.80B
Non Current Accounts Receivables – – – $111.00M $111.00M
Defined Pension Benefit – – – $408.00M $408.00M
Minority Interests – – – $0.00 $0.00

Cash flow

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Operating Cash Flow $437.00M $501.00M $441.00M $1.41B $225.00M
Net cash flow from continuing operations $437.00M $501.00M $441.00M $1.41B $225.00M
Net Income from Continuing Operations $397.00M $349.00M $281.00M $850.00M $233.00M
Gain/Loss from Continuing Operations $38.00M -$1.00M -$5.00M -$21.00M $18.00M
Depreciation & Depletion & Amortization $106.00M $107.00M $105.00M $276.00M $75.00M
Deferred Tax $2.00M -$29.00M -$1.00M -$116.00M -$58.00M
Other Non-Cash Items $15.00M $12.00M $15.00M $49.00M $14.00M
Change in Working Capital -$120.00M $10.00M -$83.00M $302.00M $3.00M
-Change in Receivables -$49.00M -$69.00M -$20.00M $128.00M -$45.00M
-Change in Inventory -$20.00M -$3.00M -$3.00M -$24.00M -$3.00M
-Change in Payables and Accrued Expense $66.00M -$3.00M -$54.00M $131.00M $60.00M
-Change In Other Working Capital -$117.00M $85.00M -$6.00M $67.00M -$9.00M
Net cash flow from investing -$55.00M -$36.00M -$44.00M -$1.73B -$1.63B
Net Cash Flow from Continuing Investing Activities -$55.00M -$36.00M -$44.00M -$1.73B -$1.63B
Net PPE Purchase and Sale -$34.00M -$29.00M -$34.00M -$128.00M -$38.00M
Net Business Purchase and Sale -$16.00M -$1.00M -$16.00M -$1.62B -$1.62B
Net Investment Purchase and Sale $22.00M -$7.00M $7.00M $30.00M $30.00M
Financing Cash Flow -$187.00M -$229.00M -$99.00M $385.00M -$102.00M
Net Cash Flow from Continuing Financing Activities -$187.00M -$229.00M -$99.00M $385.00M -$102.00M
Net Issuance Payments Of Debt $0.00 – – $748.00M $0.00
Net Common Stock Issuance -$210.00M -$223.00M -$87.00M -$377.00M -$99.00M
Proceeds from Stock Option Exercised $36.00M $0.00 $32.00M $63.00M $0.00
Net Other Financing Charges -$13.00M -$6.00M -$44.00M -$49.00M -$3.00M
Ending Cash Balance $2.62B $2.43B $2.20B $1.89B $1.89B
Net Change in Cash $195.00M $236.00M $298.00M $67.00M -$1.51B
Beginning Cash Balance $2.43B $2.20B $1.89B $1.81B $3.40B
Effect of Exchange Rate Changes -$3.00M -$1.00M $7.00M $9.00M $0.00
Free Cash Flow $403.00M $472.00M $407.00M $1.28B $187.00M
Net Other Investing Changes – – -$1.00M -$6.00M -$2.00M
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