Filing Flows › Keysight Technologies (KEYS) › Q3 FY25
Keysight Technologies (KEYS) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 29, 2025
Keysight Technologies (KEYS) reported revenue of $1.4B for the third quarter fiscal 2025 (Q3 FY25), +11% from a year earlier and +4% from the quarter before. Operating margin was 17.3%, net earnings $191M (14.1% of revenue).
Keysight Technologies, Q3 FY25: revenue $1.4B (+11% year over year), operating margin 17.3%, net earnings $191M, operating cash flow $322M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +4% | +11% |
| Operating profit | $234M | +13% | +14% |
| Net earnings | $191M | -26% | -51% |
| Operating cash flow | $322M | -33% | +26% |
| Free cash flow | $291M | — | +31% |
What changed
Revenue was $1.4B in Q3 FY25, up 11% year over year and up 4% from the previous quarter. Products was the largest line at 76% of revenue. Products added $0.12B year over year (up 14%), 91% of the total change.
Operating profit was $0.23B, a 17.3% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 17% margin then. Total costs grew 10% against revenue growth of 11%. Net earnings were $0.19B, down 51% year over year. The effective tax rate was 20.7%.
Operating cash flow was $0.32B (up 26% year over year), 169% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.03B. After investments in property, plant and equipment ($0.03B), free cash flow as the company reports it was $0.29B.
Questions
What was Keysight Technologies' revenue in the third quarter fiscal 2025?
Keysight Technologies (KEYS) reported revenue of $1.4B for the third quarter fiscal 2025 (Q3 FY25), +11% from a year earlier and +4% from the quarter before.
Was Keysight Technologies profitable in the third quarter fiscal 2025?
Operating profit was $234M (17.3% of revenue) and net earnings $191M.