Keysight Technologies increased quarterly Revenue to $1,846,000,000 from $1,352,000,000, while Net Income rose to $397,000,000 from $191,000,000. Basic Earnings Per Share reached $2.33, compared with $1.11 previously, giving investors higher reported sales, profit and per-share earnings for the three months ended July 31, 2026.

Key Highlights

  • Net income reached $397,000,000, compared with $191,000,000 in the prior-year quarter.
  • Diluted earnings per share increased to $2.30 from $1.10.
  • Commercial Communications generated $1,006,000,000 in quarterly revenue, while Aerospace, Defense & Government contributed $339,000,000.

Keysight Technologies, Inc. (NYSE: KEYS) recorded quarterly revenue of $1,846,000,000 ($1.846 billion) for the three months ended July 31, 2026, compared with $1,352,000,000 ($1.352 billion) a year earlier. Net income rose to $397,000,000 ($397 million) from $191,000,000 ($191 million). Basic earnings per share was $2.33, while Diluted Earnings per Share was $2.30.

Products Lead Revenue Growth

Products generated $1,464,000,000 ($1.464 billion) during the quarter, up from $1,023,000,000 ($1.023 billion) in the comparable period. Services and other revenue was $382,000,000 ($382 million), compared with $329,000,000 ($329 million). Cost of products increased to $504,000,000 ($504 million) from $409,000,000 ($409 million). Cost of services and other reached $126,000,000 ($126 million), versus $109,000,000 ($109 million), bringing total cost of sales to $630,000,000 ($630 million) from $518,000,000 ($518 million). Research and Development expense was $312,000,000 ($312 million), compared with $250,000,000 ($250 million). Selling, general and administrative expense totaled $446,000,000 ($446 million), up from $354,000,000 ($354 million).

CSG and EISG Quarterly Revenue

The Communications Solutions Group, or CSG, contributed $1,345,000,000 ($1.345 billion) in quarterly revenue. Electronic Industrial Solutions Group, or EISG, generated $501,000,000 ($501 million). Commercial Communications accounted for $1,006,000,000 ($1.006 billion) of revenue, while Aerospace, Defense & Government produced $339,000,000 ($339 million). Revenue recognized at a point in time totaled $1,538,000,000 ($1.538 billion), with $308,000,000 ($308 million) recognized over time. The quarter’s total revenue was $1,846,000,000 ($1.846 billion).

Operating Income Reaches $461M

Income from operations was $461,000,000 ($461 million), compared with $234,000,000 ($234 million) in the prior-year quarter. Interest income totaled $20,000,000 ($20 million), while interest expense was $26,000,000 ($26 million). Other income (expense), net, was $22,000,000 ($22 million), compared with $4,000,000 ($4 million). Income before taxes reached $477,000,000 ($477 million), up from $241,000,000 ($241 million). The provision for income taxes was $80,000,000 ($80 million), compared with $50,000,000 ($50 million). The resulting effective tax rate was 16.7%, versus 20.8% in the comparable quarter.

Cash Balance Stands at $2.605B

Cash and cash equivalents totaled $2,605,000,000 ($2.605 billion) as of July 31, 2026, compared with $1,873,000,000 ($1.873 billion) as of October 31, 2025. Restricted cash included $15,000,000 ($15 million) in other current Assets and $2,000,000 ($2 million) in other assets. Total cash, cash equivalents and restricted cash were $2,622,000,000 ($2.622 billion), compared with $1,890,000,000 ($1.890 billion). Inventory totaled $1,047,000,000 ($1.047 billion), including $410,000,000 ($410 million) in finished goods and $637,000,000 ($637 million) in purchased parts and fabricated assemblies. Total Debt was $2,517,000,000 ($2.517 billion), consisting of $700,000,000 ($700 million) in 2027 Senior Notes, $499,000,000 ($499 million) in 2029 Senior Notes, $743,000,000 ($743 million) in 2030 Senior Notes and $575,000,000 ($575 million) in 2034 Senior Notes. Long-term debt was $1,817,000,000 ($1.817 billion), after deducting the current portion of long-term debt of $700,000,000 ($700 million).