10-KPeriod: FY2025

Keysight Technologies, Inc. Annual Report, Year Ended Oct 31, 2025

Filed December 17, 2025For Securities:KEYS

Summary

Keysight Technologies, Inc. reported a strong financial year ending October 31, 2025, with revenue increasing by 8% to $5.375 billion, driven by growth in both the Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG). This growth was fueled by customer investments in next-generation technologies such as AI, high-speed networks, and defense modernization. The company executed significant strategic acquisitions during the year, including Spirent Communications plc, Synopsys' Optical Solutions Group (OSG), and Ansys' PowerArtist RTL business. These acquisitions are expected to expand Keysight's portfolio and market reach, particularly in communications test and design engineering software. Despite increased R&D and acquisition-related expenses, Keysight demonstrated improved profitability, with net income rising 38% year-over-year to $850 million. Looking ahead, Keysight remains optimistic about long-term growth trends in its markets, supported by its first-to-market solutions strategy and continued R&D investments. The company's robust backlog and focus on expanding its software and services offerings position it well to navigate macroeconomic uncertainties and capitalize on emerging technological advancements.

Financial Statements
Beta
Revenue$5.38B
Cost of Revenue$2.04B
Gross Profit$3.34B
R&D Expenses$1.01B
SG&A Expenses$1.47B
Operating Expenses$4.50B
Operating Income$876.00M
Interest Expense$96.00M
Net Income$850.00M
EPS (Basic)$4.93
EPS (Diluted)$4.91
Shares Outstanding (Basic)172.00M
Shares Outstanding (Diluted)173.00M

Key Highlights

  • 1Revenue increased 8% to $5.375 billion for the fiscal year ended October 31, 2025.
  • 2Net income rose significantly by 38% to $850 million, demonstrating improved profitability.
  • 3Key acquisitions in fiscal year 2025 included Spirent Communications plc, Synopsys' Optical Solutions Group, and Ansys' PowerArtist RTL business, aimed at expanding market reach and capabilities.
  • 4Strong performance in both Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG) segments contributed to overall revenue growth.
  • 5Customer investments in AI, high-speed networks, and defense modernization are key drivers for the company's solutions.
  • 6The company's backlog increased year-over-year to $2.697 billion, indicating strong future revenue potential.
  • 7Keysight continued its strategic R&D investments, highlighting a commitment to innovation and future growth.

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