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Filing Flows › Keysight Technologies (KEYS) › Q2 FY26 › vs Q1 FY26

Keysight Technologies (KEYS) Q2 FY26 vs Q1 FY26 (quarter over quarter)

Keysight Technologies's revenue rose $117M (+7%) from $1.6B in Q1 FY26 to $1.7B in Q2 FY26. The biggest changes: Products +$114M (+9%); Services and other +$3.0M (+0.8%). Operating margin 23.7% against 15.5% (+8.2 pts).

Keysight Technologies, Q2 FY26: revenue $1.7B (+32% year over year), operating margin 23.7%, net earnings $349M, operating cash flow $501M. The chart draws each line against Q1 FY26, the increases inside each band.

Keysight Technologies: what changed, Q2 FY26 vs Q1 FY26Keysight Technologies: what changed, Q2 FY26 vs Q1 FY26Pre-tax earnings$220MOperating profit$159MIncome tax$152MProducts$114MNet earnings$68.0MOther income, net$61.0MOperating cash flow$60.0MCosts & expenses−$42.0MShare-based compensation−$18.0MWorking capital & other−$8.0M

Margins

Q2 FY26Q1 FY26Change
Operating margin23.7%15.5%+8.2 pts
Net margin20.3%17.6%+2.8 pts

Every line

LineQ2 FY26Q1 FY26Change%
Products$1.3B$1.2B$114M+9%
Services and other$378M$375M$3.0M+0.8%
Revenue$1.7B$1.6B$117M+7%
Other income, net$11.0M−$50.0M$61.0M—
Operating profit$407M$248M$159M+64%
Costs & expenses$1.3B$1.4B−$42.0M-3%
Pre-tax earnings$418M$198M$220M+111%
Net earnings$349M$281M$68.0M+24%
Income tax$69.0M−$83.0M$152M—
Depreciation & amortization$105M$103M$2.0M+2%
Share-based compensation$58.0M$76.0M−$18.0M-24%
Working capital & other$11.0M$19.0M−$8.0M-42%
Operating cash flow$501M$441M$60.0M+14%

Questions

How much did Keysight Technologies's revenue grow quarter over quarter in Q2 FY26?

Keysight Technologies's revenue rose $117M (+7%) from $1.6B in Q1 FY26 to $1.7B in Q2 FY26.

What drove Keysight Technologies's revenue change in Q2 FY26?

Products +$114M (+9%); Services and other +$3.0M (+0.8%).

Q2 FY26 results → · Compare in the interactive Sankey →