February 26, 2026 -
Achieved record revenue with double-digit growth across business segments
SANTA ROSA, Calif.-- Keysight Technologies, Inc. (NYSE: KEYS) today reported financial results for the first fiscal quarter ended January 31, 2026.
“Keysight had a strong start to the fiscal year with outstanding results that exceeded our expectations,” said Satish Dhanasekaran, Keysight’s President and CEO. “The investments we have made over the last 3 years are enabling us to capitalize on continued momentum in our markets and deliver value.”
First Quarter Financial Summary
Reporting Segments
CSG reported revenue of $1,124 million in the first quarter, up 27 percent from the prior year, reflecting 33 percent growth in commercial communications and 18 percent growth in aerospace, defense, and government.
EISG reported revenue of $476 million in the first quarter, up 15 percent from the prior year, reflecting double-digit growth across all end markets of automotive and energy, general electronics, and semiconductor.
Outlook
Keysight’s second fiscal quarter of 2026 revenue is expected to be in the range of $1.690 billion to $1.710 billion. The mid-point of the revenue range represents year-over-year growth of approximately 30%. Non-GAAP earnings per share for the second fiscal quarter of 2026 are expected to be in the range of $2.27 to $2.33, based on a weighted diluted share count of approximately 173 million shares. This outlook does not include any potential impacts related to the February 20, 2026 Supreme Court ruling on IEEPA tariffs or subsequent actions by the U.S. administration. 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 first quarter FY2026 financial results and its second 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 “Q1 FY26 Keysight Technologies Inc. Earnings Conference Call” to participate. The call can also be accessed by dialing 1-646-844-6383 or 1-833-470-1428 toll-free (access code 147302). The webcast will remain on the company site for 90 days.
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:
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 months ended January 31, 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.