Keysight Technologies, Inc.

Keysight Technologies reported strong Q1 2026 results with revenue of $1.60 billion, a 23% increase year-over-year. Net income surged 67% to $281 million, driven by higher revenue and a significant income tax benefit of $83 million from discrete items including a favorable audit settlement. Operating income grew 14% to $248 million, though operating margin declined 1 percentage point to 15.5% due to gross margin pressure from tariffs, higher amortization, and people-related costs. The company generated robust operating cash flow of $441 million and ended the quarter with $2.18 billion in cash. Both reportable segments showed double-digit revenue growth, with Communications Solutions Group up 27% and Electronic Industrial Solutions Group up 15%.

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