Filing Flows › Keysight Technologies (KEYS) › Q2 FY26
Keysight Technologies (KEYS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jun 4, 2026
Keysight Technologies (KEYS) reported revenue of $1.7B for the second quarter fiscal 2026 (Q2 FY26), +31% from a year earlier and +7% from the quarter before. Operating margin was 23.7%, net earnings $349M (20.3% of revenue).
Keysight Technologies, Q2 FY26: revenue $1.7B (+32% year over year), operating margin 23.7%, net earnings $349M, operating cash flow $501M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +7% | +31% |
| Operating profit | $407M | +64% | +97% |
| Net earnings | $349M | +24% | +36% |
| Operating cash flow | $501M | +14% | +4% |
| Free cash flow | $472M | — | +3% |
What changed
Revenue was $1.7B in Q2 FY26, up 31% year over year and up 7% from the previous quarter. Products was the largest line at 78% of revenue. Products added $0.35B year over year (up 36%), 85% of the total change.
Operating profit was $0.41B, a 23.7% margin (up 7.9 points year over year). Of the extra revenue versus Q2 FY25, 49% reached operating profit, above the 16% margin then. Total costs grew 19% against revenue growth of 31%. Net earnings were $0.35B, up 36% year over year. The effective tax rate was 16.5%.
Operating cash flow was $0.50B (up 4% year over year), 144% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.06B of share-based compensation. After investments in property, plant and equipment ($0.03B), free cash flow as the company reports it was $0.47B.
Questions
What was Keysight Technologies' revenue in the second quarter fiscal 2026?
Keysight Technologies (KEYS) reported revenue of $1.7B for the second quarter fiscal 2026 (Q2 FY26), +31% from a year earlier and +7% from the quarter before.
Was Keysight Technologies profitable in the second quarter fiscal 2026?
Operating profit was $407M (23.7% of revenue) and net earnings $349M.