Keysight Technologies, Inc.
Business
Keysight Technologies is a global provider of design and test solutions for the computing, communications, and electronics markets. The company delivers hardware instruments, software applications, and services that enable customers to develop, validate, and optimize electronic products across R&D and manufacturing workflows. Keysight operates two reportable segments: Communications Solutions Group, serving wireless, wireline, and aerospace/defense markets; and Electronic Industrial Solutions Group, serving automotive, energy, semiconductor, and general electronics markets. The company sells globally through direct sales, channel partners, and electronic commerce to over 100 countries.
Summary from 10-K filed 2025-12-17
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Keysight Technologies, Inc.'s CIK number?
Keysight Technologies, Inc.'s SEC CIK number is 0001601046 (1601046). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Keysight Technologies, Inc.'s SEC filings?
All of Keysight Technologies, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Keysight Technologies, Inc. last report earnings?
Keysight Technologies, Inc. (KEYS) most recently filed an earnings 8-K with the SEC on May 19, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001601046-26-000019). This is Keysight Technologies, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Keysight Technologies, Inc.'s most recent earnings 8-K?
Keysight Technologies, Inc.'s latest earnings 8-K (Item 2.02) was filed May 19, 2026 under accession 0001601046-26-000019. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Keysight Technologies, Inc.'s latest earnings 8-K →
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