Keysight Technologies, Inc. (KEYS) SEC Filings & Earnings Calls
EquiReason read 13 Keysight Technologies, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-09-02 — Keysight reported strong Q3 results with CSG revenue +43% YoY, EISG revenue +21% YoY, and significant margin expansion..
Source: SEC EDGAR filings · figures as of 2026-07-31 · read by EquiReason
- Market cap
- 53.6B
- P/E TTM
- 43.1
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 23 Nov, in 30 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
2 Sep 202610-QKeysight reported strong Q3 results with CSG revenue +43% YoY, EISG revenue +21% YoY, and significant margin expansion.earningsopen
Figures in the filing · each found in the filing text
| Total CSG revenue · Communications Solutions Group · Q3-2026 | $1.34B | +43% y/y |
| CSG gross margin · Communications Solutions Group · Q3-2026 | 70.8% | |
| CSG operating margin · Communications Solutions Group · Q3-2026 | 34.0% | |
| Total EISG revenue · Electronic Industrial Solutions Group · Q3-2026 | $501M | +22% y/y |
| EISG gross margin · Electronic Industrial Solutions Group · Q3-2026 | 64.1% | |
| EISG operating margin · Electronic Industrial Solutions Group · Q3-2026 | 31.0% | |
| Operating cash flow · 9M-2026 | $1.38B | +16% y/y |
| Cash and cash equivalents · 2026-07-31 | $2.60B | +39% y/y |
| Headcount · 2026-07-31 | 16,600 | +7% y/y |
Risks flagged
Tariff impact on margins
“partially offset by higher people-related costs and the impact of ongoing tariffs.” · word for word
Litigation risk from Centripetal
“Centripetal filed a lawsuit ... alleging that certain Keysight products infringe certain of Centripetal’s patents.” · word for word
Tax refund lawsuit uncertainty
“If we are ultimately unsuccessful in defending our refund claim, we will be required to reverse the benefit previously recorded, most likely resulting in a material increase in the effective tax rate and income tax liability.” · word for word
18 Aug 20268-K · 2.02Keysight reports record Q3 revenue $1.85B (+37% YoY), non-GAAP EPS $3.07 (+78% YoY), raises Q4 guidance above consensus; orders >$2B for second consecutive quarter.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $1.85B | +37% y/y |
| GAAP net income · Q3-2026 | $397M | +108% y/y |
| Non-GAAP net income · Q3-2026 | $531M | +79% y/y |
| GAAP diluted EPS · Q3-2026 | $2.30 | +109% y/y |
| Non-GAAP diluted EPS · Q3-2026 | $3.07 | +78% y/y |
| Cash flow from operations · Q3-2026 | $437M | +36% y/y |
| Free cash flow · Q3-2026 | $403M | +38% y/y |
| Cash and cash equivalents · 2026-07-31 | $2.62B | |
| CSG revenue · Communications Solutions Group · Q3-2026 | $1.34B | +43% y/y |
| EISG revenue · Electronic Industrial Solutions Group · Q3-2026 | $501M | +21% y/y |
Guidance
Q4 FY2026 revenue $1.930B-$1.950B (midpoint +37% YoY); Q4 FY2026 non-GAAP EPS $3.34-$3.40
Keysight raised Q4 guidance above consensus with revenue midpoint of $1.94B (+37% YoY) and non-GAAP EPS $3.34-$3.40, reflecting strong demand momentum and margin expansion
Risks flagged
Geopolitical and macroeconomic risks including inflation, recession, and trade policy uncertainty could impact demand
“Forward-looking statements cite 'impacts of global economic conditions such as inflation or recession, slowing demand for products or services... tariff and trade policy impacts and order cancellations'”
Export control regulations and compliance risks
“Forward-looking statements mention 'export control regulations and compliance' as a risk factor”
4 Jun 202610-QKeysight reported strong Q2 2026 results with 31% revenue growth, significant margin expansion, and increased backlog, driven by AI, defense, and semiconductor demand.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $1.72B | +31% y/y |
| CSG revenue · Communications Solutions Group · Q2-2026 | $1.23B | +35% y/y |
| EISG revenue · Electronic Industrial Solutions Group · Q2-2026 | $486M | +24% y/y |
| Gross margin · CSG · Q2-2026 | 74.1% | |
| Operating margin · CSG · Q2-2026 | 33.4% | |
| Operating cash flow · H1-2026 | $942M | +9% y/y |
| Non-cancellable commitments · 2026-04-30 | $545M |
Risks flagged
Tariff impact on costs
“Gross margin improvement partially offset by 'the impact of ongoing tariffs' and 'higher people-related costs'.”
Litigation exposure
“Ongoing patent litigation with Centripetal Networks; tax refund lawsuit against U.S. government for $107M.”
Acquisition integration risk
“Headcount increased from 15,400 to 16,500 primarily driven by acquisitions; SG&A and R&D costs increased significantly due to acquired businesses.”
19 May 20268-K · 2.02Revenue $1.72B (+31% y/y); GAAP net income $349M (+36% y/y); Non-GAAP net income $497M (+68% y/y); Guidance: Q3 FY2026 revenue guidance $1.730B-$1.750B (+29% YoY midpoint); non-GAAP EPS $2.43-$2.49earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $1.72B | +31% y/y |
| GAAP net income · Q2-2026 | $349M | +36% y/y |
| Non-GAAP net income · Q2-2026 | $497M | +69% y/y |
| Cash flow from operations · Q2-2026 | $501M | +4% y/y |
| Free cash flow · Q2-2026 | $472M | +3% y/y |
| CSG revenue · Communications Solutions Group · Q2-2026 | $1.23B | +35% y/y |
| EISG revenue · Electronic Industrial Solutions Group · Q2-2026 | $486M | +24% y/y |
| IEEPA tariff refund receivable · Q2-2026 | $100M |
Guidance
Q3 FY2026 revenue guidance $1.730B-$1.750B (+29% YoY midpoint); non-GAAP EPS $2.43-$2.49
Record Q2 orders >$2B, revenue +31% YoY, EPS +69% YoY. Full-year outlook raised. CEO cites accelerating demand and robust pipeline.
Risks flagged
Tariff refund liability partially offsets benefit; $40M liability to customers reduces revenue.
“recorded a $40 million liability within 'other accrued liabilities' ... representing the refund of tariff surcharge collected from customers, with a corresponding reduction of revenue” · word for word
Geopolitical and trade policy risks remain, including export controls and tariff impacts.
“impacts of geopolitical tension and conflict outside of the U.S., export control regulations and compliance, ... tariff and trade policy impacts and order cancellations” · word for word
23 Apr 20268-K · 2.03Took on a material direct financial obligation, increasing leverage; filed financial statements and exhibits with this reportopen
Risks flagged
Covenants include restrictions on liens and subsidiary indebtedness; breach could accelerate repayment.
“Customary affirmative and negative covenants, including restrictions on liens and subsidiary indebtedness.” · word for word
13 Mar 20268-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)open
Risks flagged
Loss of senior leadership in global services could impact service operations if transition not smooth.
“John Page, Senior Vice President, Global Services ... retiring for personal reasons” · word for word
5 Mar 202610-QKeysight reported strong Q1 fiscal 2026 results with revenue up 23% YoY, driven by AI infrastructure and defense demand, and a significant tax benefit boosted net income.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $1.60B | +23% y/y |
| Net income · Q1-2026 | $281M | +66% y/y |
| Operating cash flow · Q1-2026 | $441M | +17% y/y |
| Free cash flow · Q1-2026 | $397M |
Risks flagged
Tariff and trade policy risk
“Gross margin decreased 1 ppt primarily driven by the impact of tariffs. The filing extensively discusses tariff risks in risk factors.”
Geopolitical risk
“The filing notes risks from regional conflicts, including Russia-Ukraine and Middle East, and tensions between China and Taiwan.”
Tax litigation risk
“Keysight filed a lawsuit seeking a $107 million tax refund; if unsuccessful, it could materially increase the effective tax rate.”
23 Feb 20268-K · 2.02Revenue $1.60B (+23% y/y); GAAP net income $281M (+66% y/y); Non-GAAP net income $376M (+19% y/y); Guidance: Q2 FY2026 revenue guidance $1.690-1.710B, midpoint ~30% YoY growth; non-GAAP EPS $2.27-2.33earningsopen
Figures in the filing · each found in the filing text
| Revenue · total · Q1-2026 | $1.60B | +23% y/y |
| GAAP net income · total · Q1-2026 | $281M | +66% y/y |
| Non-GAAP net income · total · Q1-2026 | $376M | +19% y/y |
| Cash flow from operations · total · Q1-2026 | $441M | +17% y/y |
| Free cash flow · total · Q1-2026 | $407M | +18% y/y |
| Cash, cash equivalents, and restricted cash · total · Q1-2026 | $2.20B | |
| CSG revenue · Communications Solutions Group · Q1-2026 | $1.12B | +27% y/y |
| EISG revenue · Electronic Industrial Solutions Group · Q1-2026 | $476M | +15% y/y |
| GAAP earnings per share · total · Q1-2026 | $1.63 | +68% y/y |
| Non-GAAP earnings per share · total · Q1-2026 | $2.17 | +19% y/y |
Guidance
Q2 FY2026 revenue guidance $1.690-1.710B, midpoint ~30% YoY growth; non-GAAP EPS $2.27-2.33
Strong guidance raise with 30% YoY revenue growth expected; management confident in momentum.
Risks flagged
Tariff and trade policy uncertainty from Supreme Court ruling on IEEPA tariffs could impact future results.
“Outlook does not include potential impacts related to the February 20, 2026 Supreme Court ruling on IEEPA tariffs.”
Geopolitical tensions and export control regulations pose risk to international operations.
“Risks include impacts of geopolitical tension, export control regulations and compliance.”
26 Jan 2026DEF 14AProxy statement filed for shareholder vote; no material event.open
Figures in the filing · each found in the filing text
| GAAP Revenue · FY2025 | $5.38B | +8% y/y |
| GAAP Net Income · FY2025 | $850M | +38% y/y |
| Non-GAAP Net Income · FY2025 | $1.24B | +13% y/y |
| GAAP EPS · FY2025 | $4.91 | +40% y/y |
| Non-GAAP EPS · FY2025 | $7.16 | +14% y/y |
| Non-GAAP Operating Margin · FY2025 | 26.0% |
24 Nov 20258-K · 2.02Revenue $1.42B (+10% y/y); Non-GAAP net income $331M (+15% y/y); Non-GAAP EPS $1.91 (+16% y/y); Guidance: Q1 FY2026 revenue $1.53-1.55B, non-GAAP EPS $1.95-2.01earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $1.42B | +10% y/y |
| Non-GAAP net income · Q4-2025 | $331M | +15% y/y |
| Non-GAAP EPS · Q4-2025 | $1.91 | +16% y/y |
| Revenue · FY2025 | $5.37B | +8% y/y |
| Non-GAAP net income · FY2025 | $1.24B | +13% y/y |
| Non-GAAP EPS · FY2025 | $7.16 | +14% y/y |
| Cash flow from operations · FY2025 | $1.41B | +34% y/y |
| Free cash flow · FY2025 | $1.28B | +41% y/y |
| CSG revenue · Communications Solutions Group · Q4-2025 | $990M | +11% y/y |
| EISG revenue · Electronic Industrial Solutions Group · Q4-2025 | $429M | +9% y/y |
Guidance
Q1 FY2026 revenue $1.53-1.55B, non-GAAP EPS $1.95-2.01
Strong Q4 beat and above-consensus Q1 guidance, driven by AI and defense demand
Risks flagged
Geopolitical and export control risks
“Forward-looking statements mention export control regulations and geopolitical tension”
Government contract awards
federal awards · contract value, often multi-year| Date | Agency | Value | What for |
|---|---|---|---|
| 2026-03-20 | Department of the Air Force | $11M | THIS REQUIREMENT IS FOR THE PROCUREMENT OF KITS, REQUIRED TO ASSEMBLE VDATS, IN ACCORDANCE WITH THE ATTACHED KIT CONFIGURATION LISTS. |
| 2026-03-05 | Department of the Army | $8M | THIS DO W912CH26F0140 TO CONTRACT W31P4Q23D0009, IS TO ORDER 546 CM-523/U, 546 TRAINING CDS, WITH SUPPORTING ELINS. |
Keysight Technologies, Inc. — questions
- What did Keysight Technologies, Inc. file recently?
- 13 SEC filings in the last 12 months. Latest: 10-Q on 2026-09-02 — Keysight reported strong Q3 results with CSG revenue +43% YoY, EISG revenue +21% YoY, and significant margin expansion.
Every figure on this page comes from Keysight Technologies, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.