Keysight Technologies, Inc. (KEYS) financial statements: income statement, balance sheet and cash flow

Keysight Technologies, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Oct 31, 2025 · FY), Keysight Technologies, Inc. reported revenue of $5.4B (+8.0% year on year) and net income of $869.0M.

Income statement

Keysight Technologies, Inc. income statement, fiscal years

Line item	Oct 31, 2025 · FY	Oct 31, 2024 · FY	Oct 31, 2023 · FY	Oct 31, 2022 · FY
Revenues	$5.4B	$5.0B	—	—
Cost of Product and Service Sold	$2.0B	$1.8B	$1.9B	$2.0B
Research and Development Expense	$1.0B	$919.0M	$882.0M	$841.0M
Selling, General and Administrative Expense	$1.5B	$1.4B	$1.3B	$1.3B
Other Operating Income (Expense), Net	($20.0M)	($14.0M)	($15.0M)	($8.0M)
Total costs and expenses	$4.5B	$4.1B	$4.1B	$4.1B
Income from operations	$876.0M	$833.0M	$1.4B	$1.3B
Interest income	$102.0M	$81.0M	$102.0M	$16.0M
Interest expense	($96.0M)	($84.0M)	($78.0M)	($79.0M)
Other income (expense), net	$200.0M	$35.0M	($25.0M)	$14.0M
Income from continuing operations before taxes, as reported	$1.1B	$865.0M	$1.4B	$1.3B
Provision for income tax	$213.0M	$251.0M	$300.0M	$161.0M
Net income from continuing operations, net of income taxes	$869.0M	—	—	—
Net loss from discontinued operations, net of income taxes	($19.0M)	—	—	—
Net income	$850.0M	$614.0M	$1.1B	$1.1B
Income (Loss) from Continuing Operations, Per Basic Share	$5.04	—	—	—
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	($0.11)	—	—	—
Basic net income (loss) per share:	$4.93	$3.53	$5.95	$6.23
Income (Loss) from Continuing Operations, Per Diluted Share	$5.02	—	—	—
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	($0.11)	—	—	—
Diluted net income (loss) per share:	$4.91	$3.51	$5.91	$6.18
Basic (in shares)	172.0M	174.0M	178.0M	180.0M
Diluted (in shares)	173.0M	175.0M	179.0M	182.0M

Keysight Technologies, Inc. income statement, quarters

Line item	Jul 31, 2026 · Q3	Apr 30, 2026 · Q2	Jan 31, 2026 · Q1	Jul 31, 2025 · Q3
Revenues	$1.8B	$1.7B	$1.6B	$1.4B
Cost of Product and Service Sold	$630.0M	$539.0M	$605.0M	$518.0M
Research and development	$312.0M	$320.0M	$303.0M	$250.0M
Selling, general and administrative	$446.0M	$456.0M	$447.0M	$354.0M
Other operating expense (income), net	($3.0M)	($5.0M)	($3.0M)	($4.0M)
Total costs and expenses	$1.4B	$1.3B	$1.4B	$1.1B
Income from operations	$461.0M	$407.0M	$248.0M	$234.0M
Interest income	$20.0M	$18.0M	$16.0M	$31.0M
Interest expense	($26.0M)	($25.0M)	($29.0M)	($28.0M)
Other income (expense), net	$22.0M	$18.0M	($37.0M)	$4.0M
Income before taxes	$477.0M	$418.0M	$198.0M	$241.0M
Provision for income taxes	$80.0M	$69.0M	($83.0M)	$50.0M
Net income	$397.0M	$349.0M	$281.0M	$191.0M
Basic (in dollars per share)	$2.33	$2.04	$1.64	$1.11
Diluted (in dollars per share)	$2.30	$2.02	$1.63	$1.10
Basic (in shares)	171.0M	171.0M	172.0M	172.0M
Diluted (in shares)	173.0M	173.0M	173.0M	173.0M

Balance sheet

Keysight Technologies, Inc. balance sheet, fiscal years

Line item	Oct 31, 2025 · FY	Oct 31, 2024 · FY	Oct 31, 2023 · FY	Oct 31, 2022 · FY
Cash and cash equivalents	$1.9B	$1.8B	$2.5B	$2.0B
Accounts receivable, net	$939.0M	$857.0M	$900.0M	$905.0M
Inventory	$1.1B	$1.0B	$985.0M	$858.0M
Other current assets	$486.0M	$582.0M	$452.0M	$429.0M
Total current assets	$4.3B	$4.3B	$4.8B	$4.2B
Property, plant and equipment, net	$795.0M	$774.0M	$761.0M	$690.0M
Operating lease right-of-use assets	$236.0M	$234.0M	$226.0M	$220.0M
Goodwill	$3.4B	$2.4B	$1.6B	$1.6B
Other intangible assets, net	$1.3B	$607.0M	$155.0M	$189.0M
Long-term investments	$211.0M	$110.0M	$81.0M	$62.0M
Long-term deferred tax assets	$373.0M	$378.0M	$671.0M	$667.0M
Other assets	$610.0M	$521.0M	$340.0M	$454.0M
Total assets	$11.3B	$9.3B	$8.7B	$8.1B
Accounts payable	$355.0M	$313.0M	$286.0M	$348.0M
Employee compensation and benefits	$399.0M	$295.0M	$304.0M	$333.0M
Deferred revenue	$652.0M	$561.0M	$541.0M	$495.0M
Income and other taxes payable	$207.0M	$90.0M	$90.0M	$96.0M
Operating lease liabilities	$51.0M	$43.0M	$40.0M	$39.0M
Other accrued liabilities	$186.0M	$125.0M	$189.0M	$96.0M
Total current liabilities	$1.9B	$1.4B	$2.0B	$1.4B
Long-term debt	$2.5B	$1.8B	$1.2B	$1.8B
Retirement and post-retirement benefits	$75.0M	$81.0M	$64.0M	$58.0M
Long-term deferred revenue	$232.0M	$206.0M	$216.0M	$197.0M
Long-term operating lease liabilities	$193.0M	$197.0M	$192.0M	$186.0M
Other long-term liabilities	$536.0M	$463.0M	$313.0M	$296.0M
Total liabilities	$5.4B	$4.2B	$4.0B	$3.9B
Preferred stock; $0.01 par value; 100 million shares authorized; none issued and outstanding	0	0	0	0
Common stock; $0.01 par value; 1 billion shares authorized; 202 million and 201 million shares issued, respectively	2.0M	2.0M	2.0M	2.0M
Treasury stock, at cost; 30.8 million shares and 28.4 million shares, respectively	-3.8B	-3.4B	-3.0B	-2.3B
Additional paid-in-capital	$2.9B	$2.7B	$2.5B	$2.3B
Retained earnings	$7.1B	$6.2B	$5.6B	$4.6B
Accumulated other comprehensive loss	($248.0M)	($364.0M)	($466.0M)	($454.0M)
Total stockholders' equity	$5.9B	$5.1B	$4.7B	$4.2B
Total liabilities and equity	$11.3B	$9.3B	$8.7B	$8.1B

Keysight Technologies, Inc. balance sheet, quarters

Line item	Jul 31, 2026	Apr 30, 2026	Jan 31, 2026	Jul 31, 2025
Cash and cash equivalents	$2.6B	$2.4B	$2.2B	$2.6B
Accounts receivable, net	$1.1B	$1.0B	$914.0M	$692.0M
Inventory	$1.0B	$1.0B	$1.0B	$1.0B
Other current assets	$567.0M	$570.0M	$561.0M	$1.3B
Total current assets	$5.3B	$5.0B	$4.7B	$5.6B
Property, plant and equipment, net	$735.0M	$741.0M	$757.0M	$766.0M
Operating lease right-of-use assets	$221.0M	$220.0M	$229.0M	$224.0M
Goodwill	$3.5B	$3.5B	$3.5B	$2.4B
Other intangible assets, net	$1.1B	$1.2B	$1.3B	$524.0M
Long-term investments	$188.0M	$169.0M	$147.0M	$157.0M
Long-term deferred tax assets	$327.0M	$335.0M	$330.0M	$392.0M
Other assets	$589.0M	$592.0M	$592.0M	$555.0M
Total assets	$11.9B	$11.7B	$11.5B	$10.7B
Current portion of long-term debt	$700.0M	$699.0M	—	—
Accounts payable	$424.0M	$392.0M	$334.0M	$342.0M
Employee compensation and benefits	$379.0M	$448.0M	$329.0M	$290.0M
Deferred revenue	$707.0M	$737.0M	$729.0M	$557.0M
Income and other taxes payable	$163.0M	$124.0M	$196.0M	$144.0M
Operating lease liabilities	$53.0M	$52.0M	$52.0M	$48.0M
Other accrued liabilities	$186.0M	$197.0M	$165.0M	$179.0M
Total current liabilities	$2.6B	$2.6B	$1.8B	$1.6B
Long-term debt	$1.8B	$1.8B	$2.5B	$2.5B
Retirement and post-retirement benefits	$76.0M	$76.0M	$75.0M	$84.0M
Long-term deferred revenue	$250.0M	$251.0M	$237.0M	$208.0M
Long-term operating lease liabilities	$176.0M	$176.0M	$186.0M	$183.0M
Other long-term liabilities	$419.0M	$423.0M	$439.0M	$413.0M
Total liabilities	$5.3B	$5.4B	$5.3B	$5.0B
Preferred stock; $0.01 par value; 100 million shares authorized; none issued and outstanding	0	0	0	0
Common stock; $0.01 par value; 1 billion shares authorized; 203 million and 202 million shares issued, respectively	2.0M	2.0M	2.0M	2.0M
Treasury Stock, Common, Value	($4.3B)	($4.1B)	$3.9B	$3.7B
Additional paid-in-capital	$3.1B	$3.0B	$2.9B	$2.8B
Retained earnings	$8.1B	$7.7B	$7.4B	$6.8B
Accumulated other comprehensive loss	($272.0M)	($250.0M)	($199.0M)	($295.0M)
Total stockholders' equity	$6.6B	$6.3B	$6.2B	$5.7B
Total liabilities and equity	$11.9B	$11.7B	$11.5B	$10.7B

Cash flow statement

Keysight Technologies, Inc. cash flow statement, fiscal years

Line item	Oct 31, 2025 · FY	Oct 31, 2024 · FY	Oct 31, 2023 · FY	Oct 31, 2022 · FY
Net income	$850.0M	$614.0M	$1.1B	$1.1B
Depreciation	$131.0M	$126.0M	$120.0M	$117.0M
Amortization	$145.0M	$144.0M	$92.0M	$106.0M
Share-based compensation	$162.0M	$137.0M	$135.0M	$125.0M
Deferred tax expense (benefit)	($116.0M)	$268.0M	($3.0M)	$7.0M
Excess and obsolete inventory-related charges	$43.0M	$35.0M	$27.0M	$27.0M
Gain on Sale of Investments	($21.0M)	—	—	—
Unrealized loss (gain) on investments in equity securities	($93.0M)	—	($5.0M)	$31.0M
Other non-cash expenses (income), net	$6.0M	($1.0M)	$4.0M	$11.0M
Accounts receivable	$23.0M	$71.0M	$14.0M	($204.0M)
Inventory	($24.0M)	($49.0M)	($148.0M)	($125.0M)
Accounts payable	$26.0M	$26.0M	($62.0M)	$56.0M
Increase (Decrease) in Employee Related Liabilities	$47.0M	—	—	—
Deferred revenue	$35.0M	($12.0M)	$61.0M	$79.0M
Income taxes payable	$105.0M	$30.0M	($40.0M)	($14.0M)
Interest rate swap agreement termination proceeds	$0	$0	$107.0M	—
Income taxes receivable	$105.0M	($202.0M)	—	—
Other assets and liabilities	($15.0M)	($113.0M)	$93.0M	($36.0M)
Net cash provided by operating activities	$1.4B	$1.1B	$1.4B	$1.1B
Investments in property, plant and equipment	($128.0M)	($154.0M)	($196.0M)	($185.0M)
Proceeds from government incentives	$1.0M	$7.0M	—	—
Acquisitions of businesses and intangible assets, net of cash acquired	($2.0B)	($681.0M)	($85.0M)	($33.0M)
Proceeds from divestiture	$399.0M	—	—	—
Payments for (Proceeds from) Investments	$30.0M	—	—	—
Payment for (Proceeds from) Other Investing Activity	($7.0M)	$20.0M	—	—
Net cash used in investing activities	($1.7B)	($819.0M)	($288.0M)	($251.0M)
Proceeds from issuance of common stock under employee stock plans	63.0M	66.0M	67.0M	63.0M
Payment of taxes related to net share settlement of equity awards	($39.0M)	($31.0M)	($49.0M)	($74.0M)
Acquisition of non-controlling interests	$0	($458.0M)	—	—
Treasury stock repurchases, including excise tax payments	($377.0M)	($443.0M)	—	—
Proceeds from issuance of long-term debt	$748.0M	$599.0M	—	—
Repayment of debt	$0	($624.0M)	—	—
Debt issuance costs	($8.0M)	($12.0M)	—	—
Other financing activities	($2.0M)	($10.0M)	($3.0M)	($1.0M)
Net cash provided by (used in) financing activities	$385.0M	($913.0M)	($687.0M)	($861.0M)
Effect of exchange rate movements	$9.0M	$6.0M	($2.0M)	($43.0M)
Net increase (decrease) in cash, cash equivalents, and restricted cash	$76.0M	($674.0M)	$431.0M	($11.0M)
Cash, cash equivalents, and restricted cash at beginning of year	$1.8B	$2.5B	$2.1B	$2.1B
Cash, cash equivalents, and restricted cash at end of year	$1.9B	$1.8B	$2.5B	$2.1B
Interest payments	$77.0M	$75.0M	$75.0M	$75.0M
Income tax paid, net	$120.0M	$146.0M	$343.0M	$191.0M
Investments in property, plant and equipment included in accounts payable	$21.0M	$19.0M	$30.0M	$31.0M

Keysight Technologies, Inc. cash flow statement, quarters

Line item	Jul 31, 2026 · YTD	Apr 30, 2026 · YTD	Jan 31, 2026 · Q1	Jul 31, 2025 · YTD
Net income	$1.0B	$630.0M	$281.0M	$617.0M
Depreciation	$116.0M	$77.0M	$38.0M	$97.0M
Amortization	$202.0M	$135.0M	$67.0M	$104.0M
Share-based compensation	$181.0M	$134.0M	$76.0M	$129.0M
Deferred tax expense (benefit)	($28.0M)	($30.0M)	($1.0M)	($58.0M)
Excess and obsolete inventory-related charges	$29.0M	$19.0M	$9.0M	$30.0M
Gain on sale of investments	($6.0M)	($6.0M)	($5.0M)	—
Unrealized loss (gain) on investments	$38.0M	$48.0M	$53.0M	($39.0M)
Other non-cash expenses (income), net	$13.0M	$8.0M	$6.0M	$5.0M
Accounts receivable	($138.0M)	($89.0M)	$33.0M	$173.0M
Inventory	($26.0M)	($6.0M)	($3.0M)	($21.0M)
Accounts payable	$72.0M	$46.0M	($13.0M)	$29.0M
Employee compensation and benefits	($20.0M)	$61.0M	($61.0M)	($8.0M)
Deferred revenue	$64.0M	$91.0M	$70.0M	($12.0M)
Income taxes payable	($63.0M)	($103.0M)	($41.0M)	$42.0M
Other assets and liabilities	($82.0M)	($73.0M)	($15.0M)	$18.0M
Net cash provided by operating activities	$1.4B	$942.0M	$441.0M	$1.2B
Investments in property, plant and equipment	($97.0M)	($63.0M)	($34.0M)	($90.0M)
Acquisitions of businesses and intangible assets, net of cash acquired	($33.0M)	($17.0M)	($16.0M)	($3.0M)
Payments to Acquire Other Investments	($27.0M)	($17.0M)	—	—
Proceeds from sale of investments	$22.0M	$17.0M	$7.0M	—
Net cash used in investing activities	($135.0M)	($80.0M)	($44.0M)	($97.0M)
Proceeds from issuance of common stock under employee stock plans	68.0M	32.0M	32.0M	63.0M
Payment of taxes related to net share settlement of equity awards	($41.0M)	($35.0M)	($31.0M)	($38.0M)
Proceeds from issuance of long-term debt	$0	$0	—	$748.0M
Payment of acquisition-related consideration	($21.0M)	—	—	—
Treasury stock repurchases, including excise tax payments	($520.0M)	($310.0M)	($87.0M)	($278.0M)
Payments of Debt Issuance Costs	($1.0M)	($14.0M)	($13.0M)	($8.0M)
Net cash provided by (used in) financing activities	($515.0M)	($328.0M)	($99.0M)	$487.0M
Effect of exchange rate movements	$3.0M	$6.0M	$7.0M	$9.0M
Net increase in cash, cash equivalents, and restricted cash	$732.0M	$540.0M	$305.0M	$1.6B
Cash, cash equivalents, and restricted cash at beginning of period	$1.9B	$1.9B	$1.9B	$1.8B
Cash, cash equivalents, and restricted cash at end of period	$2.6B	$2.4B	$2.2B	$3.4B
Interest payments	$90.0M	$70.0M	$32.0M	$39.0M
Income tax paid, net	$127.0M	$84.0M	$18.0M	$74.0M
Investments in property, plant and equipment included in accounts payable	$18.0M	$12.0M	$11.0M	$19.0M

Keysight Technologies, Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.