Income StatementBalance SheetCash FlowSegments
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Keysight Technologies Cash Flow Statement

Operating, investing, and financing cash movements

Keysight Technologies generated $1.5B in operating cash flow over the trailing twelve months. After $132.0M in capital expenditures, free cash flow was $1.4B. Free cash flow increased 0.0% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$1.5BNet Cash From Investing (TTM)-$1.6BNet Cash From Financing (TTM)$223.0MCapital Expenditures (TTM)$132.0MNet Change In Cash (TTM)$467.0M
Latest FilingQ2 2026
Report Date2026-05-19
Market Cap$59.2B
P/E Ratio56.14
ROE17.85%

Operating

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other non-cash income (expense)-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Inventory write-down$9.0M$13.0M$8.0M$13.0M$9.0M—
Other non-cash income (expense)-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Change in accounts payable-$16.0M$23.0M$22.0M—-$13.0M—
Change in accounts receivable-$53.0M-$70.0M-$50.0M—-$33.0M—
Change in income taxes payable/receivable$34.0M$22.0M—$63.0M-$41.0M—
Change in inventories$26.0M—$3.0M$3.0M$3.0M—
Other working capital changes-$73.0M$70.0M-$15.0M$33.0M$15.0M—
Deferred income taxes-$10.0M-$30.0M-$18.0M-$58.0M-$1.0M—
Other Non-Cash Income (Expense)-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Other Non-cash Income (Expense)-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Other Non-cash Income (Expense)-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Net cash from operating activities$378.0M$484.0M$322.0M$225.0M$441.0M$501.0M
Net income$169.0M$257.0M$191.0M$233.0M$281.0M$349.0M
Other non-cash income (expense)-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Amortization$35.0M$35.0M$34.0M$41.0M$67.0M—
Depreciation$31.0M$33.0M$33.0M$34.0M$38.0M$39.0M
Gain (Loss) on Sale of Investments$0.0———$5.0M—
Accrued compensation-$38.0M$58.0M-$28.0M—-$61.0M—
Deferred revenue$43.0M$9.0M-$64.0M$47.0M$70.0M—
Increase (Decrease) in Income Taxes Receivable$5.0M——-$27.0M$53.0M—
Inventory write-downs$9.0M$13.0M$8.0M$13.0M$9.0M—
Other Noncash Income (Expense)-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Other Non-cash Income and Expense-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Other Non-Cash Adjustments-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Other Non-Cash Income and Expense-$1.0M-$1.0M-$3.0M-$1.0M-$6.0M—
Stock-based compensation$62.0M$36.0M$31.0M$33.0M$76.0M$58.0M

Investing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Acquisitions, net of cash acquired$0.0$3.0M$604.0M$1.4B$16.0M—
Capital expenditures$32.0M$27.0M$31.0M$38.0M$34.0M$29.0M
Payment for (Proceeds from) Other Investing Activity$1.0M$3.0M$0.0$3.0M$1.0M—
Proceeds from government incentives$250.0K$250.0K$250.0K$250.0K——
Proceeds from other investments$0.0———$7.0M—
Net cash from investing activities-$33.0M-$33.0M-$31.0M-$1.6B-$44.0M$124.0M
Net Payments for or Proceeds from Investments-$7.5M-$7.5M-$7.5M-$7.5M——

Supplemental

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Capital expenditures incurred but not yet paid$13.0M$1.0M$5.0M$2.0M$11.0M—
Interest paid$0.0$39.0M$0.0$38.0M$32.0M$38.0M
Capital expenditures incurred but not yet paid$13.0M$1.0M$5.0M$2.0M$11.0M—
Capital Expenditures Incurred but Not Yet Paid$13.0M$1.0M$5.0M$2.0M$11.0M—
Income Taxes Paid, Net$9.0M$35.0M$30.0M$46.0M$18.0M$66.0M

Financing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Payments For Repurchase Of Common Stock and related Excise Tax$75.0M$153.0M$50.0M$99.0M$87.0M—
Payments Of Debt Issuance Costs$0.0$7.0M$1.0M$0.0$13.0M—
Payments to Noncontrolling Interests$0.0$0.0$0.0$0.0——
Proceeds From Issuance Of Senior Long Term Debt$187.0M$187.0M$187.0M$187.0M——
Proceeds from exercises of stock options and other stock issuances$31.0M—$32.0M—$32.0M—
Other, net-$1.0M——-$2.0M$0.0—
Repayments of Debt——$0.0$0.0——
Payment of Deferred Purchase Consideration-$1.0M——-$2.0M$0.0—
Noncontrolling interest transactions and other-$1.0M——-$2.0M$0.0—
Net cash from financing activities-$74.0M$589.0M——-$99.0M$427.0M
Noncontrolling Interests Activity and Other-$1.0M——-$2.0M$0.0—
Taxes paid for net share settlement$29.0M$0.0$9.0M$1.0M$31.0M—

Free Cash Flow

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Free cash flow$346.0M$457.0M$291.0M$187.0M$407.0M$472.0M

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Effect of exchange rate changes on cash-$8.0M$18.0M——$7.0M-$1.0M
Net increase (decrease) in cash$263.0M$1.1B$262.0M—$305.0M$235.0M
Accrued payables for capital expenditures$13.0M$1.0M$5.0M$2.0M$11.0M—
Unrealized Gain (Loss) on Investments$37.0M—$16.0M$54.0M-$53.0M—