Keysight Technologies, Inc.

Listed Company

KEYSCIK 0001601046NYSELarge AcceleratedIndustrial Instruments For Measurement, Display, And ControlDelawareFY ends Oct 31

Period

FY 2025

Revenue

$5.38B

Net Income

$850.00M

Total Assets

$11.30B

Equity

$5.88B

Shares Out

171.50M

Op. Cash Flow

$1.41B

Business

Keysight Technologies, Inc. is a global innovator that develops design, test, simulation, and measurement solutions for computing, communications, and electronics customers. It offers hardware instruments (analyzers, oscilloscopes, signal generators, power supplies, network and visibility products), software (instrument apps, application solutions, CAE and virtual prototyping) and services (product support, technical/application support, professional services). The company operates through two reportable segments: Communications Solutions Group and Electronic Industrial Solutions Group. Keysight serves customers worldwide across commercial communications, aerospace, defense, automotive, semiconductor, energy, and general electronics via a direct sales force, channel partners, and e-commerce.

Summary from filing dated 2025-12-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Revenues	5,375	4,979	5,464	5,420	—
Cost of Product and Service Sold	2,038	1,846	1,932	1,970	1,872
Research and Development Expense	1,007	919	882	841	811
Selling, General and Administrative Expense	1,474	1,395	1,307	1,283	1,195
Other Operating Income (Expense), Net	−20	−14	−15	−8	−17
Total costs and expenses	4,499	4,146	4,106	4,086	3,861
Income from operations	876	833	1,358	1,334	1,080
Interest income	102	81	102	16	3
Interest expense	−96	−84	−78	−79	—
Other income (expense), net	200	35	−25	14	6
Income from continuing operations before taxes, as reported	1,082	865	1,357	1,285	1,010
Provision for income tax	213	251	300	161	116
Net income from continuing operations, net of income taxes	869	614	1,057	—	—
Net loss from discontinued operations, net of income taxes	−19	0	0	—	—
Net income	850	614	1,057	1,124	—
Income (Loss) from Continuing Operations, Per Basic Share	5.04	3.53	5.95	—	—
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	−0.11	0	0	—	—
Basic net income (loss) per share:	4.93	3.53	5.95	6.23	4.84
Income (Loss) from Continuing Operations, Per Diluted Share	5.02	3.51	5.91	—	—
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	−0.11	0	0	—	—
Diluted net income (loss) per share:	4.91	3.51	5.91	6.18	4.78
Basic (in shares)	172	174	178	180	185
Diluted (in shares)	173	175	179	182	187

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	1,873	1,796	2,472	2,042	2,052
Accounts receivable, net	939	857	900	905	735
Inventory	1,050	1,022	985	858	777
Other current assets	486	582	452	429	270
Total current assets	4,348	4,257	4,809	4,234	3,834
Property, plant and equipment, net	795	774	761	690	650
Operating lease right-of-use assets	236	234	226	220	227
Goodwill	3,424	2,388	1,640	1,582	1,628
Other intangible assets, net	1,304	607	155	189	272
Long-term investments	211	110	81	62	70
Long-term deferred tax assets	373	378	671	667	711
Other assets	610	521	340	454	389
Total assets	11,301	9,269	8,683	8,098	7,781
Accounts payable	355	313	286	348	287
Employee compensation and benefits	399	295	304	333	355
Deferred revenue	652	561	541	495	478
Income and other taxes payable	207	90	90	96	74
Operating lease liabilities	51	43	40	39	41
Other accrued liabilities	186	125	189	96	74
Total current liabilities	1,850	1,427	2,049	1,407	1,309
Long-term debt	2,534	1,790	1,195	1,793	1,791
Retirement and post-retirement benefits	75	81	64	58	167
Long-term deferred revenue	232	206	216	197	187
Long-term operating lease liabilities	193	197	192	186	191
Other long-term liabilities	536	463	313	296	352
Total liabilities	5,420	4,164	4,029	3,937	3,997
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock; $0.01 par value; 100 million shares authorized; none issued and outstanding	0	0	0	0	0
Common stock; $0.01 par value; 1 billion shares authorized; 202 million and 201 million shares issued, respectively	2	2	2	2	2
Treasury stock, at cost; 30.8 million shares and 28.4 million shares, respectively	−3,799	−3,422	−2,980	−2,274	−1,425
Additional paid-in-capital	2,851	2,664	2,487	2,333	2,219
Retained earnings	7,075	6,225	5,611	4,554	3,430
Accumulated other comprehensive loss	−248	−364	−466	−454	−442
Total stockholders' equity	5,881	5,105	4,654	4,161	3,784
Total liabilities and equity	11,301	9,269	8,683	8,098	7,781

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Depreciation	131	126	120	117	117
Amortization	145	144	92	106	176
Share-based compensation	162	137	135	125	103
Deferred tax expense (benefit)	−116	268	−3	7	−53
Excess and obsolete inventory-related charges	43	35	27	27	27
Gain on Sale of Investments	−21	0	0	—	—
Unrealized loss (gain) on investments in equity securities	−93	−8	−5	31	0
Other non-cash expenses (income), net	6	7	4	42	6
Accounts receivable	23	71	14	−204	−122
Inventory	−24	−49	−148	−125	−43
Accounts payable	26	26	−62	56	53
Increase (Decrease) in Employee Related Liabilities	47	−36	−43	—	—
Deferred revenue	35	−12	61	79	96
Income taxes payable	105	30	−40	−14	34
Interest rate swap agreement termination proceeds	0	0	107	0	0
Income taxes receivable	105	−202	−4	−30	—
Other assets and liabilities	−15	−99	96	−25	4
Net cash provided by operating activities	1,409	1,052	1,408	1,144	1,322
Investments in property, plant and equipment	−128	−154	−197	−185	−174
Proceeds from government incentives	1	7	1	0	—
Acquisitions of businesses and intangible assets, net of cash acquired	−2,022	−681	−85	−33	−178
Proceeds from divestiture	399	0	0	—	—
Payments for (Proceeds from) Investments	30	11	0	—	—
Payment for (Proceeds from) Other Investing Activity	−7	−2	−7	0	−1
Net cash used in investing activities	−1,727	−819	−288	−251	−353
Proceeds from issuance of common stock under employee stock plans	63	66	67	63	59
Payment of taxes related to net share settlement of equity awards	−39	−31	−49	−74	−53
Acquisition of non-controlling interests	0	−458	0	0	—
Treasury stock repurchases, including excise tax payments	−377	−443	−702	−849	—
Proceeds from issuance of long-term debt	748	599	0	0	0
Repayment of debt	0	−624	0	0	0
Debt issuance costs	−8	−12	0	0	—
Other financing activities	−2	−10	−3	−1	−4
Net cash provided by (used in) financing activities	385	−913	−687	−861	−671
Effect of exchange rate movements	9	6	−2	−43	3
Net increase (decrease) in cash, cash equivalents, and restricted cash	76	−674	431	−11	301
Interest payments	77	75	75	75	75
Income tax paid, net	120	146	343	191	130
Investments in property, plant and equipment included in accounts payable	21	19	30	31	22

Filings

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