Filing Flows › Keysight Technologies (KEYS) › Q1 FY26
Keysight Technologies (KEYS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 5, 2026
Keysight Technologies (KEYS) reported revenue of $1.6B for the first quarter fiscal 2026 (Q1 FY26), +23% from a year earlier and +13% from the quarter before. Operating margin was 15.5%, net earnings $281M (17.6% of revenue).
Keysight Technologies, Q1 FY26: revenue $1.6B (+23% year over year), operating margin 15.5%, net earnings $281M, operating cash flow $441M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +13% | +23% |
| Operating profit | $248M | +14% | +14% |
| Net earnings | $281M | +21% | +66% |
| Operating cash flow | $441M | +96% | +17% |
| Free cash flow | $407M | — | +18% |
What changed
Revenue was $1.6B in Q1 FY26, up 23% year over year and up 13% from the previous quarter. Products was the largest line at 77% of revenue. Products added $0.24B year over year (up 25%), 80% of the total change.
Operating profit was $0.25B, a 15.5% margin (down 1.3 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 17% margin then. Total costs grew 25% against revenue growth of 23%. Net earnings were $0.28B, up 66% year over year. The effective tax rate was -41.9%.
Operating cash flow was $0.44B (up 17% year over year), 157% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.08B of share-based compensation. After investments in property, plant and equipment ($0.03B), free cash flow as the company reports it was $0.41B.
Questions
What was Keysight Technologies' revenue in the first quarter fiscal 2026?
Keysight Technologies (KEYS) reported revenue of $1.6B for the first quarter fiscal 2026 (Q1 FY26), +23% from a year earlier and +13% from the quarter before.
Was Keysight Technologies profitable in the first quarter fiscal 2026?
Operating profit was $248M (15.5% of revenue) and net earnings $281M.