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How Keysight Technologies (KEYS) makes money

Keysight Technologies (KEYS) made $1.8B of revenue in the third quarter fiscal 2026 (Q3 FY26), +37% from a year earlier. Products brought in $1.5B (79%); Services and other brought in $382M (21%). Of every dollar of revenue, 25¢ was left as operating profit, 22¢ was left as net earnings.

Drawing the Sankey…

Keysight Technologies revenue by segment, Q3 FY26Keysight Technologies revenue by segment, Q3 FY26Products$1.5BServices and other$382M
Keysight Technologies: revenue by line, Q1 FY26 to Q3 FY26Keysight Technologies: revenue by line, Q1 FY26 to Q3 FY26ProductsServices and otherProducts: $1.5B latest$1.5BServices and other: $382M latest$382MQ1 FY26Q2 FY26Q3 FY26
Services and other went from 23% of revenue in Q1 FY26 to 21% in Q3 FY26, the largest shift in the mix.
Keysight Technologies revenue by quarterKeysight Technologies revenue by quarter$1.3BQ4 FY24$1.3BQ2 FY25$1.4BQ3 FY25$1.4BQ4 FY25$1.6BQ1 FY26$1.7BQ2 FY26$1.8BQ3 FY26
Keysight Technologies: where each dollar of revenue goesKeysight Technologies: where each dollar of revenue goesOperating profit25¢Income tax4¢Net earnings22¢Operating cash flow24¢Free cash flow22¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Products$1.5B79.3%+9%+43%
Services and other$382M20.7%+1%+16%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$1.8B100.0%
Operating profit$461M25.0%
Income tax$80.0M4.3%
Net earnings$397M21.5%
Operating cash flow$437M23.7%
Free cash flow$403M21.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$1.8B+36%
Q2 FY26$1.7B+32%
Q1 FY26$1.6B+23%
Q4 FY25$1.4B+10%
Q3 FY25$1.4B+11%
Q2 FY25$1.3B+7%
Q4 FY24$1.3B-2%

From Keysight Technologies' 10-Q filed Sep 2, 2026 (on EDGAR).

Questions

How does Keysight Technologies make money?

Keysight Technologies (KEYS) made $1.8B of revenue in the third quarter fiscal 2026 (Q3 FY26), +37% from a year earlier. Products brought in $1.5B (79%); Services and other brought in $382M (21%). Of every dollar of revenue, 25¢ was left as operating profit, 22¢ was left as net earnings.

What is Keysight Technologies' biggest business?

Products: $1.5B in the third quarter fiscal 2026, 79% of revenue, +43% from a year earlier.

What is Keysight Technologies' profit margin?

Net earnings were $397M, 21.5% of revenue, in the third quarter fiscal 2026; the operating margin was 25.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.