Keysight Technologies income statement
In fiscal 2025, Keysight Technologies reported revenue of $5.38bn, up 8.0% on the year before, operating income of $876m (a 16.3% margin) and net income of $850m, or $4.91 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Oct 2013 | 2014Oct 2014 | 2015Oct 2015 | 2016Oct 2016 | 2017Oct 2017 | 2018Oct 2018 | 2019Oct 2019 | 2020Oct 2020 | 2021Oct 2021 | 2022Oct 2022 | 2023Oct 2023 | 2024Oct 2024 | 2025Oct 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,888 | 2,933 | 2,856 | 2,918 | 3,189 | 3,878 | 4,303 | 4,221 | 4,941 | 5,420 | 5,464 | 4,979 | 5,375 | 6,582 |
| Cost of revenue | 1,265 | 1,313 | 1,269 | 1,294 | 1,487 | 1,767 | 1,769 | 1,688 | 1,872 | 1,970 | 1,932 | 1,846 | 2,038 | 2,324 |
| Gross profit | 1,623 | 1,620 | 1,587 | 1,624 | 1,702 | 2,111 | 2,534 | 2,533 | 3,069 | 3,450 | 3,532 | 3,133 | 3,337 | 4,258 |
| Research and development | 375 | 361 | 387 | 425 | 507 | 624 | 688 | 715 | 811 | 841 | 882 | 919 | 1,007 | 1,193 |
| Selling, general and administrative | 752 | 790 | 787 | 818 | 1,058 | 1,205 | 1,155 | 1,097 | 1,195 | 1,283 | 1,307 | 1,395 | 1,474 | 1,748 |
| Operating income | 496 | 469 | 431 | 406 | 148 | −394 | 711 | 765 | 1,080 | 1,334 | 1,358 | 833 | 876 | 1,333 |
| Interest expense | 0 | 3 | 46 | 47 | 80 | 83 | 80 | 78 | 79 | 79 | 78 | 84 | 96 | 108 |
| Income before tax | 583 | 601 | 559 | 546 | 598 | 735 | 715 | 761 | 1,010 | 1,285 | 1,357 | 865 | 1,082 | 1,415 |
| Income tax | 44 | 83 | −125 | 31 | 77 | −576 | 94 | 134 | 116 | 161 | 300 | 251 | 213 | 136 |
| Net income | 457 | 392 | 513 | 335 | 102 | 165 | 621 | 627 | 894 | 1,124 | 1,057 | 614 | 850 | 1,260 |
| Diluted EPS | $2.74 | $2.35 | $3.00 | $1.95 | $0.56 | $0.86 | $3.25 | $3.31 | $4.78 | $6.18 | $5.91 | $3.51 | $4.91 | $7.29 |
| Diluted shares (average) | 167m | 167m | 171m | 172m | 182m | 191m | 191m | 189m | 187m | 182m | 179m | 175m | 173m | 173m |
| EBITDA | 573 | 553 | 530 | 540 | 373 | −291 | 807 | 869 | 1,197 | 1,451 | 1,478 | 959 | 1,007 | 1,483 |
| Quarter | 2024 Q4Oct 2024 | 2025 Q1Jan 2025 | 2025 Q2Apr 2025 | 2025 Q3Jul 2025 | 2025 Q4Oct 2025 | 2026 Q1Jan 2026 | 2026 Q2Apr 2026 | 2026 Q3Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,287 | 1,298 | 1,306 | 1,352 | 1,419 | 1,600 | 1,717 | 1,846 |
| Cost of revenue | 485 | 478 | 492 | 518 | 550 | 605 | 539 | 630 |
| Gross profit | 802 | 820 | 814 | 834 | 869 | 995 | 1,178 | 1,216 |
| Research and development | 233 | 249 | 250 | 250 | 258 | 303 | 320 | 312 |
| Selling, general and administrative | 343 | 361 | 360 | 354 | 399 | 447 | 456 | 446 |
| Operating income | 230 | 218 | 207 | 234 | 217 | 248 | 407 | 461 |
| Interest expense | 23 | 20 | 20 | 28 | 28 | 29 | 25 | 26 |
| Income before tax | 248 | 199 | 320 | 241 | 322 | 198 | 418 | 477 |
| Income tax | 321 | 30 | 63 | 50 | 70 | −83 | 69 | 80 |
| Net income | −73 | 169 | 257 | 191 | 233 | 281 | 349 | 397 |
| Diluted EPS | −$0.41 | $0.97 | $1.49 | $1.10 | $1.35 | $1.63 | $2.02 | $2.30 |
| EBITDA | 262 | 249 | 240 | 267 | 251 | 286 | 446 | 500 |
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