What is the primary revenue source for Keysight Technologies (KEYS)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze KEYS's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Keysight Technologies's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Keysight Technologies Makes Money: KEYS Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 78.02% of revenue, indicating concentration.

Operating margin improved by 4.96 percentage points year over year.

Revenue: USD 5.16B
Largest revenue segment share (Product): 78.02%
Cost of revenue: USD 1.77B
Selling, general and administrative: USD 1.35B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

RevenueRevenues · Revenues
Cost of revenueCost of product and service sold · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Product)Product · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Steady

The company has a net cash position and relies primarily on its own capital.

Goodwill: USD 3.46B
Cash and cash equivalents: USD 2.60B
Accounts receivable: USD 1.07B
Total liabilities: USD 5.35B
Shareholder equity: USD 6.57B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

GoodwillGoodwill · Goodwill
Shareholder equityTotal stockholders' equity · StockholdersEquity
Total liabilitiesTotal liabilities · Liabilities
Accounts receivableAccounts receivable, after allowance for credit loss, current · AccountsReceivableNetCurrent
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 134.27% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 1.03B
Operating cash flow: USD 1.38B
Cash conversion: 134.27%
Free cash flow: USD 1.28B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Net incomeNet income · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Neutral

There was no material cash return; earnings stayed in the business without significant dilution.

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?