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Keysight Technologies KEYS Contingent tax refund claim

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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$57.58B+108%
Enterprise value$57.91B+114%
P/E54.6×
P/S9.5×+4.2×

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 keys:ContingentTaxRefundClaim.

The source filing: Keysight Technologies’s 10-Q, filed June 4, 2026.

Filed
Jun 4, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001601046-26-000024

On January 23, 2025, we filed a lawsuit against the United States of America in the U.S. Court of Federal Claims seeking a tax refund of $107 million, or such greater amount allowed by law, plus any other amount, including interest and cost, allowed by law. We intend to vigorously defend our position. The outcome cannot be predicted with certainty. If we are ultimately unsuccessful in defending our refund claim, we will be required to reverse the benefit previously recorded, most likely resulting in a material increase in the effective tax rate and income tax liability.

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Keysight Technologies's contingent tax refund claim?
Keysight Technologies (KEYS) reported contingent tax refund claim of $107M in Q1 2026.
How has Keysight Technologies's contingent tax refund claim changed year-over-year?
Keysight Technologies's contingent tax refund claim decreased by 0.0% year-over-year, from $107M to $107M.
What does contingent tax refund claim mean?
This represents a potential tax refund that is subject to the outcome of ongoing tax audits, litigation, or regulatory reviews. It is considered contingent because the realization of the cash inflow is not certain and depends on future events. It highlights potential upside to cash flow that is currently tied up in tax disputes.

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