Filing Flows › Keysight Technologies (KEYS) › Q2 FY26 › vs Q2 FY25
Keysight Technologies (KEYS) Q2 FY26 vs Q2 FY25 (year over year)
Keysight Technologies's revenue rose $411M (+31%) from $1.3B in Q2 FY25 to $1.7B in Q2 FY26. The biggest changes: Products +$351M (+36%); Services and other +$60.0M (+19%). Operating margin 23.7% against 15.8% (+7.9 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 Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Operating margin | 23.7% | 15.8% | +7.9 pts |
| Net margin | 20.3% | 19.7% | +0.6 pts |
| Free cash flow margin | 27.5% | 35.0% | -7.5 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Products | $1.3B | $988M | $351M | +36% |
| Services and other | $378M | $318M | $60.0M | +19% |
| Revenue | $1.7B | $1.3B | $411M | +31% |
| Other income, net | $11.0M | $113M | −$102M | -90% |
| Operating profit | $407M | $207M | $200M | +97% |
| Costs & expenses | $1.3B | $1.1B | $211M | +19% |
| Pre-tax earnings | $418M | $320M | $98.0M | +31% |
| Net earnings | $349M | $257M | $92.0M | +36% |
| Income tax | $69.0M | $63.0M | $6.0M | +10% |
| Depreciation & amortization | $105M | $65.0M | $40.0M | +62% |
| Share-based compensation | $58.0M | $36.0M | $22.0M | +61% |
| Working capital & other | $11.0M | −$126M | $137M | — |
| Operating cash flow | $501M | $484M | $17.0M | +4% |
| Free cash flow (company-reported) | $472M | $457M | $15.0M | +3% |
| Investments in property, plant and equipment | $29.0M | $27.0M | $2.0M | +7% |
Questions
How much did Keysight Technologies's revenue grow year over year in Q2 FY26?
Keysight Technologies's revenue rose $411M (+31%) from $1.3B in Q2 FY25 to $1.7B in Q2 FY26.
What drove Keysight Technologies's revenue change in Q2 FY26?
Products +$351M (+36%); Services and other +$60.0M (+19%).