What is Keysight Technologies's deferred revenue?

Keysight Technologies (KEYS) reported deferred revenue of $660M in Q1 2026.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Keysight Technologies KEYS Deferred Revenue

Deferred Revenue at other companies

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$1.03B+40.4%

Viavi Solutions Inc.VIAV

$85.2M+32.1%

Teledyne TechnologiesTDY

$428.9M+25.7%

Silvaco Group, Inc.SVCO

$8.82M+2.4%

Ralliant CorpRAL

$159.8M—

FortiveFTV

——

Other financials

Income statement

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Revenue$1.7B+31.5%

Gross profit$1.2B+44.7%

Operating income$407.0M+96.6%

Net income$349.0M+35.8%

EPS (diluted)$2.02+35.6%

Balance sheet

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Cash & equivalents$2.4B-22.5%

Total debt$2.8B-0.2%

Total equity$6.3B+15.6%

Total assets$11.7B+11.4%

Cash flow

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Operating cash flow$501.0M+3.5%

CapEx$29.0M+7.4%

Free cash flow$472.0M+3.3%

Valuation

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Market cap$54.46B+89.9%

Enterprise value$54.79B+93.6%

P/E51.7×—

P/S9×+3.3×

Profitability

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Gross margin63.7%+1.2pp

Operating margin18.2%+1.3pp

Net margin17.3%—

FCF margin22.3%-4.1pp

Returns & leverage

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Return on equity17.9%—

Debt / equity0.4×-0.1×

Current ratio1.9×-1.5×

Where this comes from

Reported directly by Keysight Technologies in its filing.

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

The official record: Keysight Technologies’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Keysight Technologies's deferred revenue?: Keysight Technologies (KEYS) reported deferred revenue of $660M in Q1 2026.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.