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NYSE · Technology · Financials

Keysight Technologies Inc (KEYS) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for KEYS. Market data source · as of 2026-07-31.

Section freshness

Price Sep 4, 4:00 PM EDT · Statements Jul 30, 8:00 PM EDT

Financial read

KEYS latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$1.85B

+36.5% YoY

Net income

$397.00M

+13.8% QoQ

Net margin

21.51%

Operating margin 24.97%

Balance sheet coverage

KEYS balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-07-31

Open balance sheet table

Latest period

Q2 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$11.92B

Liabilities $5.35B

Cash / debt

$2.60B

Net cash $788.00M

Equity / working capital

$6.57B

Working capital $2.67B

Financial statements

KEYS statement coverage.

Income statement, balance sheet, and cash-flow figures for KEYS, with quarterly and annual history in the tables below.

Data last updated

Jul 30, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual KEYS statements, sourced from Market data source · as of 2026-07-31.

Financial statement period

KEYS statement history

Market data source · as of 2026-07-31 · Data last updated: Jul 30, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends14 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q2 FY2026	$1.85B	$461.00M	$397.00M	21.51%	+7.5%	+13.8%
Q1 FY2026	$1.72B	$407.00M	$349.00M	20.33%	+7.3%	+24.2%
Q4 FY2025	$1.60B	$248.00M	$281.00M	17.56%	+18.3%	+47.1%
Q3 FY2025	$1.35B	$234.00M	$191.00M	14.13%	0.0%	0.0%
Q2 FY2025	$1.35B	$234.00M	$191.00M	14.13%	+3.5%	-25.7%
Q1 FY2025	$1.31B	$207.00M	$257.00M	19.68%	+0.6%	+52.1%
Q4 FY2024	$1.30B	$218.00M	$169.00M	13.02%	+6.7%	-56.6%
Q2 FY2024	$1.22B	$205.00M	$389.00M	31.96%		0.0%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Total equity	Debt QoQ
Q2 FY2026	$2.60B	$5.29B	$2.61B	$11.92B	$5.35B	$1.82B	$6.57B	-0.8%
Q1 FY2026	$2.41B	$5.04B	$2.65B	$11.74B	$5.41B	$1.83B	$6.33B	-27.7%
Q4 FY2025	$1.87B	$4.35B	$1.85B	$11.30B	$5.42B	$2.53B	$5.88B	0.0%
Q3 FY2025	$1.87B	$4.35B	$1.85B	$11.30B	$5.42B	$2.53B	$5.88B	+0.0%
Q2 FY2025	$2.64B	$5.60B	$1.56B	$10.65B	$4.98B	$2.53B	$5.67B	+0.0%
Q1 FY2025	$3.12B	$5.47B	$1.61B	$10.54B	$5.06B	$2.53B	$5.48B	+41.5%
Q4 FY2024	$1.80B	$4.26B	$1.43B	$9.27B	$4.16B	$1.79B	$5.11B	0.0%
Q3 FY2024	$1.80B	$4.26B	$1.43B	$9.27B	$4.16B	$1.79B	$5.11B	+49.7%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 14 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Stock comp	Debt issuance	Dividends paid	Buybacks	Change in cash	FCF QoQ
Q2 FY2026				$397.00M
Q1 FY2026				$349.00M
Q4 FY2025				$281.00M
Q2 FY2025				$191.00M
Q3 FY2025				$191.00M
Q1 FY2025				$257.00M
Q4 FY2024				$169.00M
Q2 FY2024				$389.00M

Valuation and returns

Enterprise value: $54.92B; TECHi computed

Return on equity: 18.54%; Market data source

Return on assets: 10.22%; Market data source

Debt / equity: 0.28; Current ratio 2.02

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $5.61B; Annual statement 2026-01-31

Annual income base: $920.00M; Annual statement 2026-01-31

Market cap / annual revenue: 9.93; Live market value divided by annual revenue

Market cap / annual income: 60.55; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue9.79

EV / annual operating income59.50

Market capitalization bridge

Market cap / annual revenue9.93

Market cap / annual income60.55

TTM valuation multiples

TTM revenue: $6.51B; Trailing twelve months

TTM EBIT: $1.35B; TTM operating income

Market cap / TTM revenue: 8.55; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 8.43; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income45.74

EV / TTM EBIT40.68

Revenue, net income, and free cash flow

Revenue$1.85BNet income$397.00M

Q1 FY2025Q4 FY2025Q2 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+36.5%

Debt growth YoY-28.3%

Quarterly margin heatmap

Gross margin

Q1 FY2025

—

Q2 FY2025

—

Q3 FY2025

—

Q4 FY2025

—

Q1 FY2026

—

Q2 FY2026

—

Operating margin

Q1 FY2025

15.85%

Q2 FY2025

17.31%

Q3 FY2025

17.31%

Q4 FY2025

15.50%

Q1 FY2026

23.70%

Q2 FY2026

24.97%

Net margin

Q1 FY2025

19.68%

Q2 FY2025

14.13%

Q3 FY2025

14.13%

Q4 FY2025

17.56%

Q1 FY2026

20.33%

Q2 FY2026

21.51%

Latest quarter expense mix

R&D$312.00M

SG&A$446.00M

Profit bridge

EBIT$461.00M

Pretax income$477.00M

Tax expense$80.00M

Other income statement lines

Income before tax$477.00M

Income tax expense$80.00M

Balance sheet · Q2 FY2026

Cash & equivalents: $2.60B

Total debt: $1.82B

Net cash: $788.00M; Net cash position

Total equity: $6.57B

Balance sheet detail

Current assets: $5.29B

Current liabilities: $2.61B

Inventory: $1.05B

Receivables: $1.07B

Property, plant & equipment: $735.00M

Long-term debt: $1.82B

Debt and liquidity

Debt / revenuei0.28

Debt / income1.49

Cash / debt1.43

Quick ratioi1.41

Cash + short-term investments + receivables / current liabilities

Cash generation

Frequently asked

Common questions.

What financial data is available for KEYS?

The KEYS Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Keysight Technologies Inc. Missing modules and empty line items are omitted.

How current are KEYS's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Keysight Technologies Inc's reported net margin?

Keysight Technologies Inc's fresh reported margin field is 18.70%. The Financials page shows the supporting period data currently available for KEYS.