Earnings release
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Keysight Technologies Reports Third Quarter 2026 Results Second consecutive record quarter with orders over $ 2 billion ; full - year outlook improved Exhibit 99.1 SANTA ROSA , Calif . , August 18 , 2026 - Keysight Technologies , Inc. ( NYSE : KEYS ) today reported financial results for the third fiscal quarter ended July 31 , 2026 . " Keysight's record Q3 results and outlook reflect the growing relevance of our strategy and portfolio , which is enabling customers to solve complex engineering challenges across our end markets , " said Satish Dhanasekaran , Keysight's President and CEO . " We remain confident in our ability to sustain our momentum and deliver long - term value creation . " Third Quarter Financial Summary • Revenue was $ 1.85 billion , compared with $ 1.35 billion in the third quarter of 2025 . • • GAAP net income was $ 397 million , or $ 2.30 per share , compared with $ 191 million , or $ 1.10 per share , in the third quarter of 2025 . Non - GAAP net income was $ 531 million , or $ 3.07 per share , compared with $ 297 million , or $ 1.72 per share in the third quarter of 2025 . Cash flow from operations was $ 437 million , compared to $ 322 million last year . Free cash flow was $ 403 million , compared to $ 291 million in the third quarter of 2025 . As of July 31 , 2026 , cash , cash equivalents , and restricted cash totaled $ 2.62 billion . Reporting Segments • Outlook Communications Solutions Group ( CSG ) CSG reported revenue of $ 1,345 million in the third quarter , up 43 percent from the prior year , reflecting 56 percent growth in commercial communications and 14 percent growth in aerospace , defense , and government . Electronic Industrial Solutions Group ( EISG ) EISG reported revenue of $ 501 million in the third quarter , up 21 percent from the prior year , reflecting growth across the semiconductor , general electronics and automotive and energy markets . Keysight's fourth fiscal quarter of 2026 revenue is expected to be in the range of $ 1.930 billion to $ 1.950 billion . The mid - point of the revenue range represents year - over - year growth of approximately 37 % . Non - GAAP earnings per share for the fourth fiscal quarter of 2026 are expected to be in the range of $ 3.34 to $ 3.40 , based on a weighted diluted share count of approximately 172 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 third quarter FY2026 financial results and its fourth 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 “ Q3 FY26 Keysight Technologies Inc. Earnings Conference Call " to participate . The call can also be accessed by dialing 1-585-542-9983 or 1- 833-461-5787 toll - free ( meeting ID 521 932 188 ) . The webcast will remain on the company site for 90 days . 1