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Keysight Technologies vs MKS: KEYS and MKSI compared
Keysight Technologies is the larger company: $1.8B of revenue in its latest quarter (Q3 FY26) against $1.4B for MKS (Q3 2026). MKS is growing faster (+43% against +36% a year earlier). Keysight Technologies is more profitable, with an operating margin of 25.0% against 23.1%.
Where the money goes: KEYS and MKSI
Keysight Technologies (KEYS) · Q3 FY26
Keysight Technologies, Q3 FY26: revenue $1.8B (+36% year over year), operating margin 25.0%, net earnings $397M, operating cash flow $437M. The chart follows the revenue to costs, profit and cash.
MKS (MKSI) · Q3 2026
MKS, Q3 2026: revenue $1.4B (+43% year over year), operating margin 23.1%, net earnings $237M, operating cash flow $292M. The chart follows the revenue to costs, profit and cash.
| Keysight Technologies (KEYS) | MKS (MKSI) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $1.8B | $1.4B |
| Revenue growth, Y/Y | +36% | +43% |
| Gross margin | — | 47.7% |
| Operating margin | 25.0% | 23.1% |
| Net earnings | $397M | $237M |
| Net margin | 21.5% | 16.8% |
| Operating cash flow | $437M | $292M |
| Free cash flow | $403M | $243M |
| Market value | $47.4B | $13.8B |
| P/E | 37.0× | 22.9× |
| Analysts’ mean target | $419.67 | $406.93 |
Where the revenue comes from
Keysight Technologies
- Products: $1.5B (79%)
- Services and other: $382M (21%)
MKS
- Semiconductor: $638M (45%)
- Electronics and Packaging: $415M (29%)
- Specialty Industrial: $360M (25%)
Questions
Which is bigger, Keysight Technologies or MKS?
Keysight Technologies is the larger company: $1.8B of revenue in its latest quarter (Q3 FY26) against $1.4B for MKS (Q3 2026).
Is Keysight Technologies or MKS growing faster?
MKS is growing faster (+43% against +36% a year earlier).
Which is more profitable, Keysight Technologies or MKS?
Keysight Technologies is more profitable, with an operating margin of 25.0% against 23.1%.
More: Keysight Technologies earnings · how Keysight Technologies makes money · MKS earnings · how MKS makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 2, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.