Keysight TechnologiesKEYSEarnings & Financial Report
Keysight Technologies, Inc. is an American company that manufactures electronics test and measurement equipment and software. The company was formed as a spin-off of Agilent Technologies, which inherited and rebranded the test and measurement product lines developed and produced, from the late 1960s to the turn of the millennium, by Hewlett-Packard's Test and Measurement division. Its name is a portmanteau of key and insight.
Revenue
$1.2B
Gross Profit
$755.0M
Operating Profit
$205.0M
Net Profit
$389.0M
Gross Margin
62.0%
Operating Margin
16.8%
Net Margin
32.0%
YoY Growth
-11.9%
EPS
$2.22
Keysight Technologies Q3 FY2024 Financial Summary
Keysight Technologies reported revenue of $1.2B (down 11.9% YoY) for Q3 FY2024, with a net profit of $389.0M (up 35.1% YoY) (32.0% margin). Cost of goods sold was $462.0M, operating expenses totaled $550.0M.
Key Financial Metrics
| Total Revenue | $1.2B |
|---|---|
| Net Profit | $389.0M |
| Gross Margin | 62.0% |
| Operating Margin | 16.8% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Keysight Technologies Q3 FY2024 revenue of $1.2B breaks down across 5 segments, led by Commercial Communications Member at $572.0M (47.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Commercial Communications Member | $572.0M | 47.0% |
| Services | $317.0M | 26.0% |
| Transferred Over Time | $187.0M | 15.4% |
| Electronic Industrial Solutions Group | $98.0M | 8.1% |
| ESI Group SA | $25.0M | 2.1% |
Keysight Technologies Revenue by Segment — Quarterly Trend
Keysight Technologies revenue by segment across the last 4 reported quarters, showing how each business line (such as Commercial Communications Member and Services) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Services | — | — | $329.0M | $318.0M |
| Transferred Over Time | — | $200.0M | $194.0M | $183.0M |
| Electronic Industrial Solutions Group | — | — | $100.0M | $102.0M |
Keysight Technologies Annual Revenue by Year
Keysight Technologies annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.4B |
| 2024 | $5.0B |
| 2023 | $5.5B |
| 2022 | $5.4B |
Keysight Technologies Quarterly Revenue & Net Profit History
Keysight Technologies results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $1.6B | +27.0% | $281.0M | 17.6% |
| Q4 FY2025 | $1.4B | +10.3% | $233.0M | 16.4% |
| Q3 FY2025 | $1.4B | +11.1% | $191.0M | 14.1% |
| Q2 FY2025 | $1.3B | +7.4% | $257.0M | 19.7% |
| Q1 FY2025 | $1.3B | +3.1% | $169.0M | 13.0% |
| Q4 FY2024 | $1.3B | -1.8% | $-73.0M | -5.7% |
| Q3 FY2024 | $1.2B | -11.9% | $389.0M | 32.0% |
| Q2 FY2024 | $1.2B | -12.5% | $126.0M | 10.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.22B | $1.29B | $1.30B | $1.31B | $1.35B | $1.42B | $1.60B |
| YoY Growth | -12.5% | -11.9% | -1.8% | 3.1% | 7.4% | 11.1% | 10.3% | 27.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.99B | $9.32B | $9.27B | $9.39B | $10.54B | $10.65B | $11.30B | $11.48B |
| Liabilities | $4.08B | $4.09B | $4.16B | $4.20B | $5.06B | $4.98B | $5.42B | $5.28B |
| Equity | $4.90B | $5.23B | $5.11B | $5.19B | $5.48B | $5.67B | $5.88B | $6.21B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $110.0M | $255.0M | $359.0M | $378.0M | $484.0M | $322.0M | $225.0M | $441.0M |