Form 10-Q · Quarterly report
Keysight Technologies 10-Q, filed Sep 2, 2026
- Filed
- CIK
- 0001601046
- Accession no.
- 0001601046-26-000036
Summary
Keysight Technologies reported higher orders, revenue, and net income for the quarter and nine months ended July 31, 2026, with revenue up 36% and 31% respectively, and said its fiscal 2025 acquisition of Spirent Communications contributed to growth. The company recorded a $100 million receivable and a $40 million customer refund liability after the U.S. Supreme Court ruled certain IEEPA tariffs unauthorized and the U.S. Court of International Trade directed refund processes, and it received $37 million of refund proceeds.
Key points
- Keysight's third-quarter orders rose 56% to $2.091 billion and revenue rose 36% to $1.846 billion from a year earlier; nine-month orders rose 48% to $5.787 billion and revenue rose 31% to $5.163 billion.
- Net income was $397 million for the quarter and $1.027 billion for nine months, up from $191 million and $617 million.
- The Spirent Communications acquisition, completed in the fourth quarter of fiscal 2025 for $1.415 billion net of cash acquired, added $61 million of quarterly revenue and $204 million over nine months.
- Keysight recorded a $100 million IEEPA tariff refund receivable, a $40 million customer surcharge refund liability, and had $64 million in outstanding refund claims as of July 31, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (Unaudited) The following discussion should be read in conjunction with the condensed consolidated financial statements and notes thereto included elsewhere in this Form 10-Q and our Annual Report on Form 10-K for the fiscal year ended October 31, 2025. This report contains forward-looking statements which include, but are not limited to predictions, future guidance, projections, beliefs, and expectations about the company’s trends, seasonality, cyclicality and growth in, and drivers of, the markets we sell into, our strategic direction, earnings from our foreign subsidiaries, remediation…
An excerpt of the text as filed with the SEC, cut for length.
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