KEYS

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Keysight Technologies Inc.

Cyclical demand Physical products Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $373.88
52-Week Range: $158.79 – $387.93
Market Cap: $65.48B
P/E (TTM): 52.05
EPS (TTM): 7.39
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 9.97
PEG Ratio: 0.76
Return on Equity: 20.90%
Return on Assets: 7.23%
Gross Margin: 63.28%
Operating Margin: 25.68%
Profit Margin: 19.14%
Current Ratio: 2.02
Debt/Equity: 0.42
Total Debt: $2.77B
Free Cash Flow: $1.87B
Revenue Growth: 36.50%
Earnings Growth: 109.10%
Enterprise Value: $65.64B

KEYS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$5.42B	$5.46B	$4.98B	$5.38B
Cost of Revenue	$1.97B	$1.93B	$1.85B	$2.04B
Gross Profit	$3.45B	$3.53B	$3.13B	$3.34B
Research & Development	$841.00M	$882.00M	$919.00M	$1.01B
Selling, General & Admin	$1.28B	$1.31B	$1.40B	$1.47B
Operating Expenses	$2.12B	$2.17B	$2.30B	$2.46B
Operating Income	$1.33B	$1.36B	$833.00M	$876.00M
EBITDA	$1.59B	$1.65B	$1.22B	$1.45B
Pretax Income	$1.28B	$1.36B	$865.00M	$1.08B
Income Tax	$161.00M	$300.00M	$251.00M	$213.00M
Net Income	$1.12B	$1.06B	$614.00M	$850.00M
Diluted EPS	6.18	5.91	3.51	4.89
Diluted Shares	182.00M	179.00M	175.00M	173.00M

KEYS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$2.04B	$2.47B	$1.80B	$1.87B
Receivables	$905.00M	$944.00M	$995.00M	$974.00M
Inventory	$858.00M	$985.00M	$1.02B	$1.05B
Current Assets	$4.23B	$4.81B	$4.26B	$4.35B
Total Assets	$8.10B	$8.68B	$9.27B	$11.30B
Current Liabilities	$1.41B	$2.05B	$1.43B	$1.85B
Long-Term Debt	$1.79B	$1.20B	$1.79B	$2.53B
Total Debt	$2.02B	$2.03B	$2.03B	$2.78B
Total Liabilities	$3.94B	$4.03B	$4.16B	$5.42B
Retained Earnings	$4.55B	$5.61B	$6.22B	$7.08B
Shareholders' Equity	$4.16B	$4.65B	$5.11B	$5.88B
Working Capital	$2.83B	$2.76B	$2.83B	$2.50B
Net Debt	—	—	—	$661.00M

KEYS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.14B	$1.41B	$1.05B	$1.41B
Capital Expenditure	-$185.00M	-$197.00M	-$154.00M	-$128.00M
Free Cash Flow	$959.00M	$1.21B	$898.00M	$1.28B
Depreciation & Amortisation	$223.00M	$212.00M	$270.00M	$276.00M
Stock-Based Compensation	$125.00M	$135.00M	$137.00M	$162.00M
Investing Cash Flow	-$251.00M	-$288.00M	-$819.00M	-$1.73B
Financing Cash Flow	-$861.00M	-$687.00M	-$913.00M	$385.00M
Share Repurchases	-$849.00M	-$702.00M	-$443.00M	-$377.00M
Net Change in Cash	$32.00M	$433.00M	-$680.00M	$67.00M

KEYS Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Revenue	$1.31B	$1.35B	$1.42B	$1.60B	$1.72B	$1.85B
Cost of Revenue	$492.00M	$518.00M	$550.00M	$605.00M	$539.00M	$630.00M
Gross Profit	$814.00M	$834.00M	$869.00M	$995.00M	$1.18B	$1.22B
Research & Development	$250.00M	$250.00M	$258.00M	$303.00M	$320.00M	$312.00M
Selling, General & Admin	$360.00M	$354.00M	$399.00M	$447.00M	$456.00M	$446.00M
Operating Expenses	$607.00M	$600.00M	$652.00M	$747.00M	$771.00M	$755.00M
Operating Income	$207.00M	$234.00M	$217.00M	$248.00M	$407.00M	$461.00M
EBITDA	$408.00M	$336.00M	$425.00M	$332.00M	$550.00M	$609.00M
Pretax Income	$320.00M	$241.00M	$322.00M	$198.00M	$418.00M	$477.00M
Income Tax	$63.00M	$50.00M	$70.00M	-$83.00M	$69.00M	$80.00M
Net Income	$257.00M	$191.00M	$233.00M	$281.00M	$349.00M	$397.00M
Diluted EPS	1.49	1.10	1.33	1.63	2.02	2.30
Diluted Shares	173.00M	173.00M	173.00M	173.00M	173.00M	173.00M

KEYS Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Cash & Equivalents	$3.12B	$2.64B	$1.87B	$2.18B	$2.41B	$2.60B
Receivables	$856.00M	$692.00M	$974.00M	$1.03B	$1.12B	$1.13B
Inventory	$1.03B	$1.02B	$1.05B	$1.05B	$1.04B	$1.05B
Current Assets	$5.47B	$5.60B	$4.35B	$4.70B	$5.04B	$5.29B
Total Assets	$10.54B	$10.65B	$11.30B	$11.48B	$11.74B	$11.92B
Current Liabilities	$1.61B	$1.56B	$1.85B	$1.80B	$2.65B	$2.61B
Long-Term Debt	$2.53B	$2.53B	$2.53B	$2.53B	$1.83B	$1.82B
Total Debt	$2.77B	$2.76B	$2.78B	$2.77B	$2.76B	$2.75B
Total Liabilities	$5.06B	$4.98B	$5.42B	$5.28B	$5.41B	$5.35B
Retained Earnings	$6.65B	$6.84B	$7.08B	$7.36B	$7.71B	$8.10B
Shareholders' Equity	$5.48B	$5.67B	$5.88B	$6.21B	$6.33B	$6.57B
Working Capital	$3.85B	$4.04B	$2.50B	$2.90B	$2.39B	$2.67B
Net Debt	—	—	$661.00M	$356.00M	$119.00M	—

KEYS Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Operating Cash Flow	$484.00M	$322.00M	$225.00M	$441.00M	$501.00M	$437.00M
Capital Expenditure	-$27.00M	-$31.00M	-$38.00M	-$34.00M	-$29.00M	-$34.00M
Free Cash Flow	$457.00M	$291.00M	$187.00M	$407.00M	$472.00M	$403.00M
Depreciation & Amortisation	$68.00M	$67.00M	$75.00M	$105.00M	$107.00M	$106.00M
Stock-Based Compensation	$36.00M	$31.00M	$33.00M	$76.00M	$58.00M	$47.00M
Investing Cash Flow	-$33.00M	-$31.00M	-$1.63B	-$44.00M	-$36.00M	-$55.00M
Financing Cash Flow	$589.00M	-$28.00M	-$102.00M	-$99.00M	-$229.00M	-$187.00M
Share Repurchases	-$153.00M	-$50.00M	-$99.00M	-$87.00M	-$223.00M	-$210.00M
Net Change in Cash	$1.04B	$263.00M	-$1.51B	$298.00M	$236.00M	$195.00M

Market Snapshot

About

Keysight Technologies Inc. is a global leader in electronic design and test solutions for communications, aerospace, defense, automotive, and semiconductor industries. Spun off from Agilent Technologies in 2014, Keysight develops measurement instruments, software, and services that help engineers design, test, and optimize electronic products and networks. The company's solutions are critical for developing 5G wireless, autonomous vehicles, and advanced electronics. Keysight serves customers in over 100 countries.