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Keysight Technologies Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Keysight Technologies holds $11.5B in total assets. Shareholders' equity is $6.2B against $2.8B in total debt. Cash and equivalents total $2.2B. The current ratio is 2.60 and debt-to-equity is 0.447. Based on the Q4 2025 filing.

Total Assets$11.5BTotal Stockholders Equity$6.2BLong Term Debt$2.5BCash And Equivalents$2.2BTotal Current Assets$4.7BTotal Current Liabilities$1.8B
Latest FilingQ4 2025
Report Date2026-03-05
Market Cap$61.8B
P/E Ratio64.23
ROE16.89%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$313.0M$289.0M$317.0M$342.0M$355.0M$334.0M
Deferred income$561.0M$594.0M$612.0M$557.0M$652.0M$729.0M
Compensation and benefits$295.0M$253.0M$319.0M$290.0M$399.0M$329.0M
Other accrued liabilities$125.0M$199.0M$145.0M$179.0M$186.0M$165.0M
Income taxes payable$90.0M$131.0M$175.0M$144.0M$207.0M$196.0M
Operating lease liabilities, current$43.0M$43.0M$46.0M$48.0M$51.0M$52.0M
Total current liabilities$1.4B$1.5B$1.6B$1.6B$1.9B$1.8B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$857.0M$797.0M$744.0M$692.0M$939.0M$914.0M
Cash and cash equivalents$1.8B$2.1B$3.1B$3.4B$1.9B$2.2B
Finished goods$375.0M$380.0M$388.0M$393.0M$425.0M$435.0M
Work in process and raw materials$647.0M$659.0M$638.0M$628.0M$625.0M$613.0M
Other current assets$157.0M$118.0M$163.0M$192.0M$166.0M$175.0M
Inventories$1.0B$1.0B$1.0B$1.0B$1.1B$1.0B
Other Inventory, Net$27.0M———$29.0M—
Prepaid expenses and other current assets$582.0M$560.0M$578.0M$1.3B$486.0M$561.0M
Restricted cash$18.0M$17.0M$17.0M$759.0M$15.0M$15.0M
Total current assets$4.3B$4.5B$5.5B$5.6B$4.3B$4.7B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.7B$2.7B$2.8B$2.8B$2.9B$2.9B
Accumulated other comprehensive income (loss)-$364.0M-$443.0M-$293.0M-$295.0M-$248.0M-$199.0M
AOCI - Cash Flow Hedge Adjustment$89.0M———$82.0M—
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
ESPP Maximum Annual Share Replenishment0.10———0.10—
Retained earnings$6.2B$6.4B$6.7B$6.8B$7.1B$7.4B
Total liabilities and stockholders' equity$9.3B$9.4B$10.5B$10.7B$11.3B$11.5B
Total stockholders' equity$5.1B$5.2B$5.5B$5.7B$5.9B$6.2B
Treasury stock$3.4B$3.5B$3.6B$3.7B$3.8B$3.9B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$16.0M———$19.0M—
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments————$42.0M$32.0M
Goodwill$2.4B$2.4B$2.4B$2.4B$3.4B$3.5B
Indefinite-Lived Research and Development Assets$91.0M———$130.0M—
Deferred tax assets$378.0M$365.0M$379.0M$392.0M$373.0M$330.0M
Prepaid pension assets$324.0M———$408.0M—
Intangible assets — net$562.0M$534.0M$533.0M$501.0M$1.3B$1.2B
Other intangible assets—net$607.0M$556.0M$556.0M$524.0M$1.3B$1.3B
Investments$110.0M$147.0M$138.0M$157.0M$211.0M$147.0M
Operating lease right-of-use assets$234.0M$224.0M$226.0M$224.0M$236.0M$229.0M
Other non-current assets$521.0M$521.0M$568.0M$555.0M$610.0M$592.0M
Other non-current assets$86.0M———$91.0M—
Property and equipment, net$774.0M$764.0M$769.0M$766.0M$795.0M$757.0M
Total assets$9.3B$9.4B$10.5B$10.7B$11.3B$11.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Liabilities - Foreign Earnings$18.0M———$19.0M—
Deferred Tax Liabilities - Leasing Arrangements$52.0M———$52.0M—
Long-term debt$1.8B$1.8B$2.5B$2.5B$2.5B$2.5B
Deferred income$206.0M$209.0M$218.0M$208.0M$232.0M$237.0M
Retirement and nonpension postretirement benefit obligations$81.0M$79.0M$82.0M$84.0M$75.0M$75.0M
Operating lease liabilities, non-current$197.0M$187.0M$187.0M$183.0M$193.0M$186.0M
Other non-current liabilities$463.0M$426.0M$425.0M$413.0M$536.0M$439.0M
Total liabilities$4.2B$4.2B$5.1B$5.0B$5.4B$5.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued vacation benefits$114.0M———$130.0M—
Advances on Inventory Purchases$200.0M$198.0M$199.0M$191.0M$176.0M$166.0M
Allowance for doubtful accounts$9.0M———$12.0M—
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities————$168.0M—
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)1B1B1B1B1B1B
Common stock, shares issued (in shares)201M202M202M202M202M203M
Contingent tax refund claim—$107.0M$107.0M$107.0M$107.0M$107.0M
Contract with Customer, Liability$767.0M$803.0M$830.0M$765.0M$884.0M$966.0M
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$6.0M—————
Deferred Tax Liabilities, Gross$353.0M———$459.0M—
Deferred revenue$48.0M———$56.0M—
Deferred Tax Assets, Goodwill and Intangible Assets$127.0M———$87.0M—
Deferred Tax Assets, Gross$785.0M———$1.1B—
Loss on net investment hedges - OCI$1.0M———$1.0M—
Lease obligations$54.0M———$55.0M—
Deferred Tax Assets, Net$214.0M———$157.0M—
Deferred Tax Assets, Net of Valuation Allowance$567.0M———$616.0M—
Deferred Tax Assets, Operating Loss Carryforwards$307.0M———$606.0M—
Fixed assets$29.0M———$32.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits$26.0M———$22.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits$29.0M———$39.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost$22.0M———$30.0M—
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves$8.0M———$7.0M—
Deferred Tax Assets, Valuation Allowance$218.0M———$497.0M—
Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs$3.0M———$5.0M—
Deferred Tax Liabilities, Derivatives$23.0M———$21.0M—
Deferred Tax Liabilities Employee Benefits-$1.0M———$0.0—
Deferred Tax Liabilities, Other$7.0M———$14.0M—
Deferred Tax Liabilities Other Retirement Benefits-$82.0M———-$91.0M—
Deferred Tax Liabilities, Property, Plant and Equipment$18.0M———$20.0M—
Deferred Tax Liabilities, Tax Deferred Income$1.0M———$1.0M—
Deferred tax liabilities not recognized to unremitted earnings indefinitely reinvested$4.0M———$4.0M—
Derivative Asset Notional Amount—$136.0M$122.0M$3.0M—$165.0M
Derivative, gross, assets$38.0M$8.0M$33.0M$12.0M$14.0M$21.0M
Derivatives, gross, liabilities$6.0M$52.0M$15.0M$15.0M$8.0M$25.0M
Derivative Liability Notional Amount—$17.0M$10.0M$6.0M—$21.0M
Goodwill————$56.0M—
Trademarks with indefinite lives————$346.0M—
Inventories————$25.0M—
Disposal Group Including Discontinued Operation Other Assets————$6.0M—
Unrecognized share-based compensation costs for non-vested restricted stock awards, net of expected forfeitures$124.0M———$163.0M—
Finite-Lived Intangible Assets, Accumulated Amortization$1.5B$1.5B$1.5B$1.6B$1.6B$1.7B
2028$112.0M$101.0M$107.0M$107.0M$232.0M$233.0M
2030$97.0M$89.0M$95.0M$96.0M$221.0M$143.0M
2031$89.0M$15.0M$17.0M$17.0M$141.0M$132.0M
Remainder of 2026—$93.0M$65.0M$32.0M—$196.0M
2027$125.0M$113.0M$119.0M$119.0M$262.0M$237.0M
2029$101.0M$98.0M$104.0M$104.0M$229.0M$225.0M
Finite Lived Intangible Assets Amortization Expense After Year Five$38.0M$25.0M$26.0M$26.0M$202.0M$75.0M
Gross Carrying Amount$2.0B$2.0B$2.1B$2.1B$2.9B$2.9B
Foreign currency translation, tax-$63.0M———-$63.0M—
Goodwill accumulated impairment losses$709.0M$709.0M$709.0M$709.0M$709.0M$709.0M
Government assistance, asset, current$6.0M———$5.0M—
Indefinite- lived intangible impairment$2.1B$2.1B$2.1B$2.1B$2.9B$2.9B
interest deduction carryforwards indefinitely$63.0M———$130.0M—
Lessee Operating Lease, Lease Not Yet Commenced, Amount$0.0———$0.0—
Letters of Credit Outstanding, Amount$43.0M$39.0M$42.0M$55.0M$60.0M$62.0M
Fair value of long-term debt$1.7B$1.7B$2.5B$2.5B$2.6B$2.6B
Long-Lived Assets$1.5B———$1.7B—
Preferred Stock, Par or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Preferred Stock, Shares Authorized100M100M100M100M100M100M
Preferred Stock, Shares Issued000000
Preferred Stock, Shares Outstanding000000
Prepaid expenses$287.0M$298.0M$303.0M$304.0M$285.0M$273.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$576.0M$550.0M$557.0M$529.0M$629.0M$663.0M
RPO percentage0.600.470.360.220.510.46
Tax receivables$249.0M———$146.0M—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value$157.00———$163.00—
Number of common stock authorized and available for issuance under ESPP17.8M———17.3M—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number2.1M———2.4M—
Incentive stock program, shares reserved for future grants (in shares)9M———8M—
Share Based Compensation Arrangement By Share Based Payment Award Employee Stock Purchase Plan Number Of Shares Authorized25M———25M—
Share Based Compensation Arrangement By Share Based Payment Award Employee Stock Purchase Plan Number Aggregate participant contributions$30.0M———$32.0M—
Share Based Compensation Arrangement Maximum Payout Range LTPP TSR2.00———2.00—
Share Based Compensation Arrangement Minimum Payout Range LTPP TSR0.00———0.00—
Standard Product Warranty Accrual$31.0M$30.0M$29.0M$29.0M$30.0M$30.0M
Current portion$19.0M$18.0M$18.0M$18.0M$19.0M$19.0M
Long-term portion$12.0M$12.0M$11.0M$11.0M$11.0M$11.0M
Share Repurchase Program, Authorized, Amount—————$1.5B
Share Repurchase Program, Remaining Authorized, Amount—$410.0M$260.0M$210.0M$110.0M$1.4B
Tax receivables$138.0M$144.0M$112.0M—$35.0M$113.0M
Tax receivables - non current$111.0M———$111.0M—
Foreign currency translation impact$3.0M———$8.0M—
Treasury stock, shares (in shares)28.4M28.9M29.9M30.2M30.8M31.2M
Undistributed Earnings of Foreign Subsidiaries$105.0M———$105.0M—
Unrealized gains (losses) on derivative instruments, tax-$23.0M———-$21.0M—
Unrealized losses on defined benefit plans, tax$80.0M———$73.0M—
Unrecognized tax benefits$222.0M———$241.0M$172.0M
Penalties and interest accrued on unrecognized tax benefits$38.0M———$49.0M—
Amount that if recognized, would affect the effective tax rate or regulatory liability$150.0M———$150.0M—