Keysight Technologies, Inc. SEC 10-Q Report

Keysight Technologies, Inc., a leading provider of electronic design and test solutions, has released its Form 10-Q report for the third quarter of fiscal year 2025. The report highlights significant financial and operational achievements, driven by robust performance in key business segments and strategic investments in next-generation technologies.

Financial Highlights

• Total Revenue: $1,352 million, an increase of 11% compared to the same period last year, driven by growth in both the Communications Solutions Group and the Electronic Industrial Solutions Group.
• Gross Margin: 61.7%, flat compared to the same period last year, as the net impact of tariffs and higher people-related costs were offset by higher revenue volume and favorable pricing.
• Income from Operations: $234 million, a 14% increase compared to the same period last year, reflecting higher revenue and effective cost management.
• Net Income: $191 million, a decrease of 51% compared to the same period last year, primarily due to a prior year income tax benefit from one-time discrete tax items.
• Diluted EPS: $1.10, reflecting the impact of the decrease in net income despite higher revenue.

Business Highlights

• Revenue Segments: The Communications Solutions Group (CSG) and the Electronics Industrial Solutions Group (EISG) contributed 70% and 30% of total revenue, respectively, for the three months ended July 31, 2025. For the nine months ended July 31, 2025, CSG and EISG represented 69% and 31% of total revenue, respectively.
• Geographical Performance: Revenue increased in the Americas and Europe for the three months ended July 31, 2025, while Asia Pacific saw a decline. For the nine months ended July 31, 2025, revenue increased across all regions.
• Geographical Performance: The Americas saw a 13% increase in revenue for the three months ended July 31, 2025, with no currency impact. Europe experienced a 2% decrease, offset by a 4 percentage point favorable currency impact. Asia Pacific revenue increased by 15%, with a 2 percentage point favorable currency impact.
• New Product Launches: The company continues to invest in research and development to introduce new software and hardware products, focusing on strategic opportunities in key growth areas such as 5G, early 6G, high-speed data center networks, AI, and next-generation electric vehicles.
• Future Outlook: Keysight remains confident in the long-term secular growth trends of its markets, driven by customer investments in next-generation technologies and applications. The company is actively engaging with customers and monitoring macroeconomic conditions, including tariffs and geopolitical tensions.
• Future Outlook: The company anticipates continued R&D investments to maintain its competitive position and capture future growth opportunities in its end markets.

SEC Filing: Keysight Technologies, Inc. [ KEYS ] - 10-Q - Aug. 29, 2025