Form 8-K

8-K — Keysight Technologies, Inc.

Accession: 0001601046-26-000019

Filed: 2026-05-19

Period: 2026-05-19

CIK: 0001601046

SIC: 3823 (INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — keys-20260519.htm (Primary)

EX-99.1 (exhibit991-q226pressrelease.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: keys-20260519.htm · Sequence: 1

keys-20260519

0001601046false00016010462026-05-192026-05-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 19, 2026

KEYSIGHT TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware 001-36334 46-4254555

(State or other jurisdiction (Commission (IRS Employer

of incorporation) File Number) Identification No.)

1400 Fountaingrove Parkway 95403

Santa Rosa CA

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (800) 829-4444

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol Name on each exchange on which registered

Common Stock, par value $0.01 per share KEYS New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

On May 19, 2026, Keysight Technologies, Inc. (the “Company”) issued its press release announcing financial results for the second fiscal quarter ended April 30, 2026. A copy of this press release is attached hereto as Exhibit 99.1.

We provide non-GAAP financial information in order to provide meaningful supplemental information regarding our operational performance and to enhance our investors’ overall understanding of our core current financial performance and our prospects for the future. We believe that our investors benefit from seeing our results “through the eyes” of management in addition to the GAAP presentation. Management assesses segment and enterprise performance using measures such as those that are disclosed in this release. This information is used to facilitate management’s internal comparisons to the Company’s historical operating results, comparisons to competitors’ operating results and guidance provided to investors. Non-GAAP information allows for greater transparency to supplemental information used by management in its financial and operations decision making. We believe that the inclusion of comparative numbers provides consistency in our financial reporting.

This information is not in accordance with, or an alternative for, generally accepted accounting principles in the United States. It excludes items, such as amortization of acquisition-related balances, share-based compensation, acquisition and integration costs, gain/loss on investments, restructuring and others, including any one-time adjustments that may have a material effect on the Company’s expenses and income from operations calculated in accordance with GAAP. Management monitors these items to ensure that expenses are in line with expectations and that our GAAP results are correctly stated but does not use them to measure the ongoing operating performance of the Company. The non-GAAP information we provide may be different from the non-GAAP information provided by other companies.

Additional explanation of non-GAAP information is provided in Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following is furnished as an exhibit to this report and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended:

Exhibit No. Description

99.1

Press release announcing financial results for the second fiscal quarter ended April 30, 2026

104 Cover Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

KEYSIGHT TECHNOLOGIES, INC.

By: /s/ Jeffrey K. Li

Name: Jeffrey K. Li

Title: Senior Vice President, General Counsel and Secretary

Date: May 19, 2026

EX-99.1

Filename: exhibit991-q226pressrelease.htm · Sequence: 2

Document

Exhibit 99.1

Keysight Technologies Reports Second Quarter 2026 Results

Delivered record results with over $2 billion in orders; full-year outlook raised

SANTA ROSA, Calif., May 19, 2026 - Keysight Technologies, Inc. (NYSE: KEYS) today reported financial results for the second fiscal quarter ended April 30, 2026.

“Keysight delivered the strongest quarter in the company’s history, capping a record first half with all-time highs in orders, revenue, EPS, and free cash flow,” said Satish Dhanasekaran, President and CEO of Keysight. “The disciplined decisions and strategic investments we have made over the past several years are enabling us to capitalize on accelerating demand and outperform. With strong year-to-date momentum and a robust pipeline of opportunities, we are raising our expectations for fiscal 2026.”

Second Quarter Financial Summary

•Revenue was $1.72 billion, compared with $1.31 billion in the second quarter of 2025.

•GAAP net income was $349 million, or $2.02 per share, compared with $257 million, or $1.49 per share, in the second quarter of 2025.

•Non-GAAP net income was $497 million, or $2.87 per share, compared with $295 million, or $1.70 per share in the second quarter of 2025.

•Cash flow from operations was $501 million, compared to $484 million last year. Free cash flow was $472 million, compared to $457 million in the second quarter of 2025.

•As of April 30, 2026, cash, cash equivalents, and restricted cash totaled $2.43 billion.

Reporting Segments

•Communications Solutions Group (CSG)

CSG reported revenue of $1,231 million in the second quarter, up 35 percent from the prior year, reflecting 40 percent growth in commercial communications and 24 percent growth in aerospace, defense, and government.

•Electronic Industrial Solutions Group (EISG)

EISG reported revenue of $486 million in the second quarter, up 24 percent from the prior year, reflecting double-digit growth across all end markets of automotive and energy, general electronics, and semiconductor.

IEEPA Tariff Refund Claim

In February 2026, the United States Supreme Court determined that certain tariffs imposed pursuant to the International Emergency Economic Powers Act (“IEEPA”) were not authorized by law. Subsequent rulings by the United States Court of International Trade have directed U.S. Customs and Border Protection to establish processes to effect refunds of certain tariffs previously collected. Based on these judicial determinations, for the quarter ended April 30, 2026, the Company recorded a receivable of $100 million within “other current assets” in the condensed consolidated balance sheet, representing recovery of tariffs previously paid and statutory interest on IEEPA tariff refunds, with corresponding offsets of $93 million to “cost of sales”, $4 million to “selling, general and administrative expenses”, and $3 million to “interest income” in the condensed consolidated statement of operations. In addition, the Company recorded a $40 million liability within “other accrued liabilities” in the condensed consolidated balance sheet representing the refund of tariff surcharge collected from customers, with a corresponding reduction of revenue in the condensed consolidated statement of operations.

Outlook

Keysight’s third fiscal quarter of 2026 revenue is expected to be in the range of $1.730 billion to $1.750 billion. The mid-point of the revenue range represents year-over-year growth of approximately 29%. Non-GAAP earnings per share for the third fiscal quarter of 2026 are expected to be in the range of $2.43 to $2.49, based on a weighted diluted share count of approximately 173 million shares. Certain items impacting the GAAP tax rate pertain to future events and are not currently estimable with a reasonable degree of accuracy; therefore, no reconciliation of GAAP earnings per share to non-GAAP has been provided. Further information is discussed in the section titled “Use of Non-GAAP Financial Measures” below.

Webcast

Keysight’s management will present more details about its second quarter FY2026 financial results and its third quarter FY2026 outlook on a conference call with investors today at 1:30 p.m. PT. This event will be webcast in listen-only mode. Listeners may log on to the call at www.investor.keysight.com under the “Upcoming Events” section and select “Q2 FY26 Keysight Technologies Inc. Earnings Conference Call” to participate. The call can also be accessed by dialing 1-646-307-1963 or 1-800-715-9871 toll-free (conference ID 81279). The webcast will remain on the company site for 90 days.

Forward-Looking Statements

This communication contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The words “assume,” “expect,” “intend,” “will,” “should,” “outlook” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could significantly affect the expected results and are based on certain key assumptions of Keysight’s management and on currently available information. Due to such uncertainties and risks, no assurances can be given that such expectations or assumptions will prove to have been correct, and readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Keysight undertakes no responsibility to publicly update or revise any forward-looking statement. The forward-looking statements contained herein include, but are not limited to, predictions, future guidance, projections, beliefs, and expectations about the company’s goals, revenues, financial condition, earnings, and operations that involve risks and uncertainties that could cause Keysight’s results to differ materially from management’s current expectations. Such risks and uncertainties include, but are not limited to, impacts of global economic conditions such as inflation or recession, slowing demand for products or services, volatility in financial markets, reduced access to credit, increased interest rates, impacts of geopolitical tension and conflict outside of the U.S., export control regulations and compliance, net zero emissions commitments, customer purchasing decisions and timing, tariff and trade policy impacts and order cancellations.

In addition to the risks above, other risks that Keysight faces include those detailed in Keysight’s filings with the Securities and Exchange Commission on Keysight’s annual report on Form 10-K for the period ended October 31, 2025 and Keysight’s quarterly report on Form 10-Q for the period ended January 31, 2026.

Segment Data

Segment data reflect the results of our reportable segments under our management reporting system. Segment data are provided on page 5 of the attached tables.

Use of Non-GAAP Financial Measures

In addition to financial information prepared in accordance with U.S. GAAP (“GAAP”), this document also contains certain non-GAAP financial measures based on management’s view of performance, including:

•Non-GAAP Net Income/Earnings

•Non-GAAP Net Income per share/Earnings per share

•Free Cash Flow

Net Income per share is based on weighted average diluted share count. See the attached supplemental schedules for reconciliations of each non-GAAP financial measure to its most directly comparable GAAP financial measure for the three and six months ended April 30, 2026. Following the reconciliations is a discussion of the items adjusted from our non-GAAP financial measures and the company’s reasons for including or excluding certain categories of income or expenses from our non-GAAP results.

About Keysight Technologies

At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we’re delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product lifecycle. We’re a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and www.keysight.com.

# # #

INVESTOR CONTACT:

Liz Morali

+1 707 577 2880

liz.morali@keysight.com

MEDIA CONTACT:

Andrea Mueller

+ 1 408-236-1541

andrea.mueller@keysight.com

Source: IR-KEYS

KEYSIGHT TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(In millions, except per share data)

(Unaudited)

PRELIMINARY

Three months ended Six months ended

April 30, April 30,

2026 2025 2026 2025

Orders $ 2,051 $ 1,316 $ 3,696 $ 2,579

Revenue $ 1,717 $ 1,306 $ 3,317 $ 2,604

Costs and expenses:

Cost of products and services 539 492 1,144 970

Research and development 320 250 623 499

Selling, general and administrative 456 360 903 721

Other operating expense (income), net (5) (3) (8) (11)

Total costs and expenses 1,310 1,099 2,662 2,179

Income from operations 407 207 655 425

Interest income 18 21 34 40

Interest expense (25) (20) (54) (40)

Other income (expense), net 18 112 (19) 94

Income before taxes 418 320 616 519

Provision (benefit) for income taxes 69 63 (14) 93

Net income $ 349 $ 257 $ 630 $ 426

Net income per share:

Basic $ 2.04 $ 1.49 $ 3.68 $ 2.47

Diluted $ 2.02 $ 1.49 $ 3.64 $ 2.45

Weighted average shares used in computing net income per share:

Basic 171 172 171 173

Diluted 173 173 173 174

KEYSIGHT TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEET

(In millions, except par value and share data)

(Unaudited)

PRELIMINARY

April 30, 2026 October 31, 2025

ASSETS

Current assets:

Cash and cash equivalents $ 2,412 $ 1,873

Accounts receivable, net 1,022 939

Inventory 1,038 1,050

Other current assets 570 486

Total current assets 5,042 4,348

Property, plant and equipment, net 741 795

Operating lease right-of-use assets 220 236

Goodwill 3,465 3,424

Other intangible assets, net 1,174 1,304

Long-term investments 169 211

Long-term deferred tax assets 335 373

Other assets 592 610

Total assets $ 11,738 $ 11,301

LIABILITIES AND EQUITY

Current liabilities:

Current portion of long-term debt $ 699 $ —

Accounts payable 392 355

Employee compensation and benefits 448 399

Deferred revenue 737 652

Income and other taxes payable 124 207

Operating lease liabilities 52 51

Other accrued liabilities 197 186

Total current liabilities 2,649 1,850

Long-term debt 1,832 2,534

Retirement and post-retirement benefits 76 75

Long-term deferred revenue 251 232

Long-term operating lease liabilities 176 193

Other long-term liabilities 423 536

Total liabilities 5,407 5,420

Stockholders' equity:

Preferred stock; $0.01 par value; 100 million shares authorized; none issued and outstanding — —

Common stock; $0.01 par value; 1 billion shares authorized; 203 million and 202 million shares issued, respectively 2 2

Treasury stock, at cost; 32.0 million shares and 30.8 million shares, respectively (4,108) (3,799)

Additional paid-in-capital 2,982 2,851

Retained earnings 7,705 7,075

Accumulated other comprehensive loss (250) (248)

Total stockholders' equity 6,331 5,881

Total liabilities and equity $ 11,738 $ 11,301

KEYSIGHT TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(In millions)

(Unaudited)

PRELIMINARY

Six months ended

April 30,

2026 2025

Cash flows from operating activities:

Net income $ 630 $ 426

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation 77 64

Amortization 135 70

Share-based compensation 134 98

Deferred tax expense (benefit) (30) (40)

Excess and obsolete inventory-related charges 19 22

Gain on sale of investments (6) —

Unrealized loss (gain) on investments in equity securities 48 (23)

Other non-cash expenses (income), net 8 2

Changes in assets and liabilities, net of effects of businesses acquired:

Accounts receivable (89) 123

Inventory (6) (18)

Accounts payable 46 7

Employee compensation and benefits 61 20

Deferred revenue 91 52

Income taxes payable (103) 56

Other assets and liabilities (73) 3

Net cash provided by operating activities(a)

942 862

Cash flows from investing activities:

Investments in property, plant and equipment (63) (59)

Acquisitions of businesses and intangible assets, net of cash acquired (17) (3)

Purchase of investments (17) (4)

Proceeds from sale of investments 17 —

Net cash used in investing activities (80) (66)

Cash flows from financing activities:

Proceeds from issuance of common stock under employee stock plans 32 31

Payment of taxes related to net share settlement of equity awards (35) (29)

Treasury stock repurchases, including excise tax payments (310) (228)

Proceeds from issuance of long-term debt — 748

Payment of acquisition-related consideration (14) —

Debt issuance costs (1) (7)

Net cash provided by (used in) financing activities (328) 515

Effect of exchange rate movements 6 10

Net increase in cash, cash equivalents, and restricted cash 540 1,321

Cash, cash equivalents, and restricted cash at beginning of period 1,890 1,814

Cash, cash equivalents, and restricted cash at end of period $ 2,430 $ 3,135

(a) Cash payments included in operating activities:

Interest payments $ 70 $ 39

Income tax paid, net $ 84 $ 44

KEYSIGHT TECHNOLOGIES, INC.

NET INCOME AND DILUTED EPS RECONCILIATION

(In millions, except per share data)

(Unaudited)

PRELIMINARY

Three months ended Six months ended

April 30, April 30,

2026 2025 2026 2025

Net Income Diluted EPS Net Income Diluted EPS Net Income Diluted EPS Net Income Diluted EPS

GAAP Net income $ 349 $ 2.02 $ 257 $ 1.49 $ 630 $ 3.64 $ 426 $ 2.45

Non-GAAP adjustments:

Amortization of acquisition-related balances 73 0.42 34 0.19 146 0.84 67 0.38

Share-based compensation 58 0.34 37 0.22 135 0.78 99 0.57

Acquisition and integration costs (benefits) 31 0.18 (74) (0.42) 60 0.35 24 0.14

Restructuring and others 4 0.03 12 0.07 16 0.09 25 0.14

Net loss (gain) on equity investments (6) (0.04) 14 0.08 42 0.25 (23) (0.13)

Adjustment for taxes(a)

(12) (0.08) 15 0.07 (156) (0.90) (6) (0.03)

Non-GAAP Net income $ 497 $ 2.87 $ 295 $ 1.70 $ 873 $ 5.05 $ 612 $ 3.52

Weighted average shares outstanding - diluted 173 173 173 174

(a) For the three and six months ended April 30, 2026 and 2025, management used a non-GAAP effective tax rate of 14%, respectively.

Please refer to the last page for details on the use of non-GAAP financial measures.

KEYSIGHT TECHNOLOGIES, INC.

SEGMENT RESULTS INFORMATION

(In millions, except percentages)

(Unaudited)

PRELIMINARY

Communications Solutions Group Percent

Q2'26 Q2'25 Inc/(Dec)

Revenue $ 1,231 $ 913 35%

Gross margin, % 74 % 67 %

Income from operations $ 411 $ 236

Operating margin, % 33 % 26 %

Electronic Industrial Solutions Group Percent

Q2'26 Q2'25 Inc/(Dec)

Revenue $ 486 $ 393 24%

Gross margin, % 68 % 59 %

Income from operations $ 161 $ 92

Operating margin, % 33 % 23 %

Segment revenue and income from operations are consistent with the respective non-GAAP financial measures as discussed on last page.

KEYSIGHT TECHNOLOGIES, INC.

FREE CASH FLOW

(In millions)

(Unaudited)

PRELIMINARY

Three months ended Six months ended

April 30, April 30,

2026 2025 2026 2025

Net cash provided by operating activities $ 501 $ 484 $ 942 $ 862

Adjustments:

Investments in property, plant and equipment (29) (27) (63) (59)

Free cash flow $ 472 $ 457 $ 879 $ 803

Please refer to the last page for details on the use of non-GAAP financial measures.

KEYSIGHT TECHNOLOGIES, INC.

REVENUE BY END MARKETS

(In millions)

(Unaudited)

PRELIMINARY

Percent

Q2'26 Q2'25 Inc/(Dec)

Aerospace, Defense and Government $ 373 $ 301 24%

Commercial Communications 858 612 40%

Electronic Industrial 486 393 24%

Total Revenue $ 1,717 $ 1,306 31%

KEYSIGHT TECHNOLOGIES, INC.

Non-GAAP Financial Measures

Management uses both GAAP and non-GAAP financial measures to analyze and assess the overall performance of the business, to make operating decisions and to forecast and plan for future periods. We believe that our investors benefit from seeing our results “through the eyes of management” in addition to seeing our GAAP results. This information enhances investors’ understanding of the continuing performance of our business and facilitates comparison of performance to our historical and future periods.

Our non-GAAP financial measures may not be comparable to similarly titled measures used by other companies, including industry peer companies, limiting the usefulness of these measures for comparative purposes.

These non-GAAP measures should be considered supplemental to and not a substitute for financial information prepared in accordance with GAAP. The discussion below presents information about each of the non-GAAP financial measures and the company’s reasons for including or excluding certain categories of income or expenses from our non-GAAP results. In future periods, we may exclude such items and may incur income and expenses similar to these excluded items. Accordingly, adjustments for these items and other similar items in our non-GAAP presentation should not be interpreted as implying that these items are non-recurring, infrequent or unusual.

Core Revenue/ Margin excludes the impact of foreign currency changes and revenue/ expenses associated with acquisitions or divestitures completed within the last twelve months. We exclude from the current period the impact of foreign currency changes as currency rates can fluctuate based on factors outside our control and may obscure underlying growth trends. To determine this impact, current period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods. Given the nature, size and number of acquisitions can vary significantly from period to period and as compared to our peers, we also exclude revenue/ expenses associated with recently acquired businesses to facilitate comparisons of growth and analysis of underlying business trends.

Percentages and period over period changes are calculated using underlying unrounded values and may not precisely reconcile to the rounded figures presented.

Free cash flow includes cash provided by operating activities adjusted for net investments in property, plant & equipment.

Non-GAAP Income from Operations, Non-GAAP Net Income and Non-GAAP Diluted EPS may include the following types of adjustments:

•Acquisition-related Items: We exclude the impact of certain items recorded in connection with business combinations from our non-GAAP financial measures that are either non-cash or not normal, recurring operating expenses due to their nature, variability of amounts and lack of predictability as to occurrence or timing. These amounts may include non-cash items such as the amortization of acquired intangible assets and amortization of items associated with fair value purchase accounting adjustments. We also exclude other acquisition and integration costs associated with business acquisitions that are not normal recurring operating expenses, including gain/loss on foreign exchange contracts and legal, accounting and due diligence costs. We exclude these charges to facilitate a more meaningful evaluation of our current operating performance and comparisons to our past operating performance.

•Share-based Compensation Expense: We exclude share-based compensation expense from our non-GAAP financial measures as it is primarily a non-cash charge and can vary significantly from period to period based on the company’s share price, as well as the timing, size and nature of equity awards granted. Management believes the exclusion of this expense facilitates the ability of investors to compare the company’s operating results with those of other companies, many of which also exclude share-based compensation expense in determining their non-GAAP financial measures.

•Restructuring and others: We exclude incremental expenses associated with restructuring initiatives including those of acquired entities, usually aimed at material changes in the business or cost structure. Such costs may include employee separation costs, asset impairments, facility-related costs, contract termination fees, and costs to move operations from one location to another. These activities can vary significantly from period to period based on the timing, size and nature of restructuring plans; therefore, we do not consider such costs to be normal, recurring operating expenses.

We also exclude “others,” not normal, recurring, cash operating income/expenses from our non-GAAP financial measures. Such items are evaluated on an individual basis, based on both quantitative and qualitative factors and generally represent items that we do not anticipate occurring as part of our normal business. While not all-inclusive, examples of such items would include significant non-recurring events like realized gains or losses associated with our employee benefit plans, costs and recoveries related to unusual events, gain on sale of assets/divestitures, adjustment attributable to non-controlling interest, etc. We believe that these costs do not reflect expected future operating expenses and do not contribute to a meaningful evaluation of the company’s current operating performance or comparisons to our operating performance in other periods.

•Net gains/losses on investments: We also exclude net gains and losses on equity investments, which primarily represent profits or losses recognized from changes in the fair value and/or sale of equity securities. Such fluctuations are driven by market conditions and factors beyond our control and are not indicative of the Company’s core operating results.

•Estimated Tax Rate: We utilize a consistent methodology for long-term projected non-GAAP tax rate. When projecting this long-term rate, we exclude any tax benefits or expenses that are not directly related to ongoing operations and which are either isolated or cannot be expected to occur again with any regularity or predictability. Additionally, we evaluate our current long-term projections, current tax structure and other factors, such as existing tax positions in various jurisdictions and key tax holidays in major jurisdictions where Keysight operates. This tax rate could change in the future for a variety of reasons, including but not limited to significant changes in geographic earnings mix including acquisition activity, or fundamental tax law changes in major jurisdictions where Keysight operates. The above reasons also limit our ability to reasonably estimate the future GAAP tax rate and provide a reconciliation of the expected non-GAAP earnings per share for the third quarter of fiscal 2026 to the GAAP equivalent.

Management recognizes these items can have a material impact on our cash flows and/or our net income. Our GAAP financial statements, including our Condensed Consolidated Statement of Cash Flows, portray those effects. Although we believe it is useful for investors to see core performance free of special items, investors should understand that the excluded costs are actual expenses that may impact the cash available to us for other uses. To gain a complete picture of all effects on the company’s profit and loss from any and all events, management does (and investors should) rely upon the Condensed Consolidated Statement of Operations prepared in accordance with GAAP. The non-GAAP measures focus instead upon the core business of the company, which is only a subset, albeit a critical one, of the company’s performance.

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 7

v3.26.1

Document and Entity Information

May 19, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

May 19, 2026

Entity Registrant Name

KEYSIGHT TECHNOLOGIES, INC.

Entity Incorporation, State or Country Code

Entity Central Index Key

0001601046

Amendment Flag

false

Entity File Number

001-36334

Entity Tax Identification Number

46-4254555

Entity Address, Address Line One

1400 Fountaingrove Parkway

Entity Address, City or Town

Santa Rosa

Entity Address, State or Province

Entity Address, Postal Zip Code

95403

City Area Code

(800)

Local Phone Number

829-4444

Title of 12(b) Security

Common Stock, par value $0.01 per share

Trading Symbol

KEYS

Security Exchange Name

NYSE

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration