Keysight Technologies, Inc. (KEYS) Earnings History

Keysight Technologies, Inc. - Q4 FY2025 Earnings

Filed at: Nov 24, 2025, 4:08 PM EST|Read from source

EXECUTIVE SUMMARY

Keysight Technologies reported a strong finish to fiscal year 2025, with accelerating order momentum and revenue growth driven by demand in key markets like AI data center infrastructure and semiconductor solutions.

POSITIVE HIGHLIGHTS

  • •

    Revenue increased 10% year-over-year to $1.42 billion in Q4 FY2025.

    positive
  • •

    Non-GAAP diluted EPS grew 15.8% year-over-year to $1.91 in Q4 FY2025.

    positive
  • •

    Full-year revenue grew 8% to $5.37 billion, returning the company to full-year growth.

    positive
  • •

    Full-year non-GAAP diluted EPS increased 14.2% to $7.16.

    positive
  • •

    Announced a new $1.5 billion share repurchase program.

    positive

CONCERNS & RISKS

  • •

    Cash flow from operations decreased to $225 million in Q4 FY2025 from $359 million in the prior year.

    attention
  • •

    Free cash flow decreased to $188 million in Q4 FY2025 from $328 million in the prior year.

    attention
  • •

    Operating margin in the Communications Solutions Group (CSG) slightly decreased to 27% from 28% year-over-year.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$1.42B
+10.3%
Prior year: $1.29B
Annual (YTD)
$5.38B
N/A
Prior year: $4.98B
Net Income
Quarterly
$229.00M
-413.7%
Prior year: $-73.00M
Annual (YTD)
$846.00M
N/A
Prior year: $614.00M
EPS (Diluted)
Quarterly
$1.33
-416.7%
Prior year: $-0.42
Annual (YTD)
$4.89
N/A
Prior year: $3.51
Operating Income
Quarterly
$217.00M
-6.1%
Prior year: $230.00M
Annual (YTD)
$876.00M
N/A
Prior year: $833.00M
EPS (Basic)
Quarterly
$1.34
-419.1%
Prior year: $-0.42
Annual (YTD)
$4.91
N/A
Prior year: $3.53

MARGIN ANALYSIS

Operating Margin
Current Quarter
15.3%
Prior Year
17.9%
YoY Change
-258 bps
Net Margin
Current Quarter
16.1%
Prior Year
-5.7%
YoY Change
+2181 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q4 FY2025 2025

VISUAL OVERVIEW

|
Communications Solutions Group (CSG)
69.8%
$990000.0B
(+11.0% YoY)
Prior year: $894000.0B
Electronic Industrial Solutions Group (EISG)
30.2%
$429000.0B
(+9.0% YoY)
Prior year: $393000.0B

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Communications Solutions Group (CSG)
$990000.0B$894000.0B+11.0%69.8%
Electronic Industrial Solutions Group (EISG)
$429000.0B$393000.0B+9.0%30.2%
Total Revenue$1419000.0B——100.0%

Segment performance shows business unit health and growth drivers.

MANAGEMENT GUIDANCE

Q1 2026

revenue
$1530000.0B—$1550000.0B
Mid-point: $1540000.0B
eps
$1.95—$2.01
Mid-point: $1.98

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

Keysight delivered an outstanding quarter and strong close to the fiscal year, returning the company to full-year growth with order momentum accelerating through the year.

— Keysight Technologies, Inc., Q4 FY2025 2025 Earnings Call

These results reflect our leadership across the markets we serve and sustained demand for Keysight's highly differentiated solutions.

— Keysight Technologies, Inc., Q4 FY2025 2025 Earnings Call

The company is enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world.

— Keysight Technologies, Inc., Q4 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Orders
1533.0M
+14.0% YoY
Prior year: 1345.0M
millions

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.

Related Research

Analysis

KEYS Q1 FY2026 Earnings: $101M Tax Benefit Obscures 14% Organic Breakout