\n| \n | Three months ended<\/b><\/td>\n | \n | Six months ended<\/b><\/td>\n<\/tr>\n\n| \n | April 30,<\/b><\/td>\n | \n | April 30,<\/b><\/td>\n<\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2025<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2025<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Orders<\/td>\n | \n$<\/p><\/td> | \n2,051<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n1,316<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3,696<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n2,579<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | \n$<\/p><\/td> | \n1,717<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n1,306<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3,317<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n2,604<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Costs and expenses:<\/td>\n | \n | \n | \n | \n | \n | \n | \n<\/tr>\n | \n| Cost of products and services<\/td>\n | \n\u00a0<\/p><\/td> | \n539<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n492<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n1,144<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n970<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Research and development<\/td>\n | \n\u00a0<\/p><\/td> | \n320<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n250<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n623<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n499<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Selling, general and administrative<\/td>\n | \n\u00a0<\/p><\/td> | \n456<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n360<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n903<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n721<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Other operating expense (income), net<\/td>\n | \n\u00a0<\/p><\/td> | \n(5<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(3<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(8<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(11<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Total costs and expenses<\/td>\n | \n\u00a0<\/p><\/td> | \n1,310<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n1,099<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n2,662<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n2,179<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Income from operations<\/td>\n | \n\u00a0<\/p><\/td> | \n407<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n207<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n655<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n425<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Interest income<\/td>\n | \n\u00a0<\/p><\/td> | \n18<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n21<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n34<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n40<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Interest expense<\/td>\n | \n\u00a0<\/p><\/td> | \n(25<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(20<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(54<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(40<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Other income (expense), net<\/td>\n | \n\u00a0<\/p><\/td> | \n18<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n112<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(19<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n94<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Income before taxes<\/td>\n | \n\u00a0<\/p><\/td> | \n418<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n320<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n616<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n519<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Provision (benefit) for income taxes<\/td>\n | \n\u00a0<\/p><\/td> | \n69<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n63<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(14<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n93<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Net income<\/td>\n | \n$<\/p><\/td> | \n349<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n257<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n630<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n426<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Net income per share:<\/td>\n | \n | \n | \n | \n | \n | \n | \n<\/tr>\n | \n| Basic<\/td>\n | \n$<\/p><\/td> | \n2.04<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n1.49<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3.68<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n2.47<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Diluted<\/td>\n | \n$<\/p><\/td> | \n2.02<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n1.49<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3.64<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n2.45<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Weighted average shares used in computing net income per share:<\/td>\n | \n | \n | \n | \n | \n | \n | \n<\/tr>\n | \n| Basic<\/td>\n | \n\u00a0<\/p><\/td> | \n171<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n172<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n171<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n173<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Diluted<\/td>\n | \n\u00a0<\/p><\/td> | \n173<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n173<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n173<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n174<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Page 1<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n<\/table>\n\nKEYSIGHT TECHNOLOGIES, INC.<\/b><\/td>\n<\/tr>\n\nCONDENSED CONSOLIDATED BALANCE SHEET<\/b><\/td>\n<\/tr>\n\n(In millions, except par value and share data)<\/b><\/td>\n<\/tr>\n\n(Unaudited)<\/b><\/td>\n<\/tr>\n\nPRELIMINARY<\/b><\/td>\n<\/tr>\n\n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | April 30, 2026<\/b><\/td>\n | \n | October 31, 2025<\/b><\/td>\n<\/tr>\n\n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| ASSETS<\/b><\/td>\n | \n | \n | \n<\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Current assets:<\/td>\n | \n | \n | \n<\/tr>\n | \n| Cash and cash equivalents<\/td>\n | \n$<\/p><\/td> | \n2,412<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n1,873<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Accounts receivable, net<\/td>\n | \n\u00a0<\/p><\/td> | \n1,022<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n939<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Inventory<\/td>\n | \n\u00a0<\/p><\/td> | \n1,038<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n1,050<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Other current assets<\/td>\n | \n\u00a0<\/p><\/td> | \n570<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n486<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Total current assets<\/td>\n | \n\u00a0<\/p><\/td> | \n5,042<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n4,348<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Property, plant and equipment, net<\/td>\n | \n\u00a0<\/p><\/td> | \n741<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n795<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Operating lease right-of-use assets<\/td>\n | \n\u00a0<\/p><\/td> | \n220<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n236<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Goodwill<\/td>\n | \n\u00a0<\/p><\/td> | \n3,465<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n3,424<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Other intangible assets, net<\/td>\n | \n\u00a0<\/p><\/td> | \n1,174<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n1,304<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Long-term investments<\/td>\n | \n\u00a0<\/p><\/td> | \n169<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n211<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Long-term deferred tax assets<\/td>\n | \n\u00a0<\/p><\/td> | \n335<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n373<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Other assets<\/td>\n | \n\u00a0<\/p><\/td> | \n592<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n610<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Total assets<\/td>\n | \n$<\/p><\/td> | \n11,738<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n11,301<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| LIABILITIES AND EQUITY<\/b><\/td>\n | \n | \n | \n<\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Current liabilities:<\/td>\n | \n | \n | \n<\/tr>\n | \n| Current portion of long-term debt<\/td>\n | \n$<\/p><\/td> | \n699<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Accounts payable<\/td>\n | \n\u00a0<\/p><\/td> | \n392<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n355<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Employee compensation and benefits<\/td>\n | \n\u00a0<\/p><\/td> | \n448<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n399<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Deferred revenue<\/td>\n | \n\u00a0<\/p><\/td> | \n737<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n652<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Income and other taxes payable<\/td>\n | \n\u00a0<\/p><\/td> | \n124<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n207<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Operating lease liabilities<\/td>\n | \n\u00a0<\/p><\/td> | \n52<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n51<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Other accrued liabilities<\/td>\n | \n\u00a0<\/p><\/td> | \n197<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n186<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Total current liabilities<\/td>\n | \n\u00a0<\/p><\/td> | \n2,649<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n1,850<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Long-term debt<\/td>\n | \n\u00a0<\/p><\/td> | \n1,832<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n2,534<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Retirement and post-retirement benefits<\/td>\n | \n\u00a0<\/p><\/td> | \n76<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n75<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Long-term deferred revenue<\/td>\n | \n\u00a0<\/p><\/td> | \n251<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n232<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Long-term operating lease liabilities<\/td>\n | \n\u00a0<\/p><\/td> | \n176<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n193<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Other long-term liabilities<\/td>\n | \n\u00a0<\/p><\/td> | \n423<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n536<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Total liabilities<\/td>\n | \n\u00a0<\/p><\/td> | \n5,407<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n5,420<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Stockholders\u2019 equity:<\/td>\n | \n | \n | \n<\/tr>\n | \n| Preferred stock; $0.01 par value; 100 million shares authorized; none issued and outstanding<\/td>\n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Common stock; $0.01 par value; 1 billion shares authorized; 203 million and 202 million shares issued, respectively<\/td>\n | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Treasury stock, at cost; 32.0 million shares and 30.8 million shares, respectively<\/td>\n | \n\u00a0<\/p><\/td> | \n(4,108<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(3,799<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Additional paid-in-capital<\/td>\n | \n\u00a0<\/p><\/td> | \n2,982<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n2,851<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Retained earnings<\/td>\n | \n\u00a0<\/p><\/td> | \n7,705<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n7,075<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Accumulated other comprehensive loss<\/td>\n | \n\u00a0<\/p><\/td> | \n(250<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(248<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Total stockholders' equity<\/td>\n | \n\u00a0<\/p><\/td> | \n6,331<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n5,881<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Total liabilities and equity<\/td>\n | \n$<\/p><\/td> | \n11,738<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n11,301<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Page 2<\/td>\n<\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n<\/table>\n\nKEYSIGHT TECHNOLOGIES, INC.<\/b><\/td>\n<\/tr>\n\nCONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS<\/b><\/td>\n<\/tr>\n\n(In millions)<\/b><\/td>\n<\/tr>\n\n(Unaudited)<\/b><\/td>\n<\/tr>\n\nPRELIMINARY<\/b><\/td>\n<\/tr>\n\n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | Six months ended<\/b><\/td>\n<\/tr>\n\n| \n | April 30,<\/b><\/td>\n<\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2025<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Cash flows from operating activities:<\/td>\n | \n | \n | \n<\/tr>\n | \n| Net income<\/td>\n | \n$<\/p><\/td> | \n630<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n426<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Adjustments to reconcile net income to net cash provided by operating activities:<\/td>\n | \n | \n | \n<\/tr>\n | \n| Depreciation<\/td>\n | \n\u00a0<\/p><\/td> | \n77<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n64<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Amortization<\/td>\n | \n\u00a0<\/p><\/td> | \n135<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n70<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Share-based compensation<\/td>\n | \n\u00a0<\/p><\/td> | \n134<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n98<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Deferred tax expense (benefit)<\/td>\n | \n\u00a0<\/p><\/td> | \n(30<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(40<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Excess and obsolete inventory-related charges<\/td>\n | \n\u00a0<\/p><\/td> | \n19<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n22<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Gain on sale of investments<\/td>\n | \n\u00a0<\/p><\/td> | \n(6<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Unrealized loss (gain) on investments in equity securities<\/td>\n | \n\u00a0<\/p><\/td> | \n48<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(23<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Other non-cash expenses (income), net<\/td>\n | \n\u00a0<\/p><\/td> | \n8<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Changes in assets and liabilities, net of effects of businesses acquired:<\/td>\n | \n | \n | \n<\/tr>\n | \n| Accounts receivable<\/td>\n | \n\u00a0<\/p><\/td> | \n(89<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n123<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Inventory<\/td>\n | \n\u00a0<\/p><\/td> | \n(6<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(18<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Accounts payable<\/td>\n | \n\u00a0<\/p><\/td> | \n46<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Employee compensation and benefits<\/td>\n | \n\u00a0<\/p><\/td> | \n61<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n20<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Deferred revenue<\/td>\n | \n\u00a0<\/p><\/td> | \n91<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n52<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Income taxes payable<\/td>\n | \n\u00a0<\/p><\/td> | \n(103<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n56<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Other assets and liabilities<\/td>\n | \n\u00a0<\/p><\/td> | \n(73<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \nNet cash provided by operating activities(a)<\/sup><\/td>\n\n\u00a0<\/p><\/td> | \n942<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n862<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Cash flows from investing activities:<\/td>\n | \n | \n | \n<\/tr>\n | \n| Investments in property, plant and equipment<\/td>\n | \n\u00a0<\/p><\/td> | \n(63<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(59<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Acquisitions of businesses and intangible assets, net of cash acquired<\/td>\n | \n\u00a0<\/p><\/td> | \n(17<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(3<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Purchase of investments<\/td>\n | \n\u00a0<\/p><\/td> | \n(17<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(4<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Proceeds from sale of investments<\/td>\n | \n\u00a0<\/p><\/td> | \n17<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Net cash used in investing activities<\/td>\n | \n\u00a0<\/p><\/td> | \n(80<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(66<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Cash flows from financing activities:<\/td>\n | \n | \n | \n<\/tr>\n | \n| Proceeds from issuance of common stock under employee stock plans<\/td>\n | \n\u00a0<\/p><\/td> | \n32<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n31<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Payment of taxes related to net share settlement of equity awards<\/td>\n | \n\u00a0<\/p><\/td> | \n(35<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(29<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Treasury stock repurchases, including excise tax payments<\/td>\n | \n\u00a0<\/p><\/td> | \n(310<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(228<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Proceeds from issuance of long-term debt<\/td>\n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n748<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Payment of acquisition-related consideration<\/td>\n | \n\u00a0<\/p><\/td> | \n(14<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Debt issuance costs<\/td>\n | \n\u00a0<\/p><\/td> | \n(1<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(7<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Net cash provided by (used in) financing activities<\/td>\n | \n\u00a0<\/p><\/td> | \n(328<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n515<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Effect of exchange rate movements<\/td>\n | \n\u00a0<\/p><\/td> | \n6<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n10<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Net increase in cash, cash equivalents, and restricted cash<\/td>\n | \n\u00a0<\/p><\/td> | \n540<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n1,321<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Cash, cash equivalents, and restricted cash at beginning of period<\/td>\n | \n\u00a0<\/p><\/td> | \n1,890<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n1,814<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Cash, cash equivalents, and restricted cash at end of period<\/td>\n | \n$<\/p><\/td> | \n2,430<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3,135<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n(a)<\/sup> Cash payments included in operating activities:<\/td>\n<\/tr>\n\n| Interest payments<\/td>\n | \n$<\/p><\/td> | \n70<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n39<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Income tax paid, net<\/td>\n | \n$<\/p><\/td> | \n84<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n44<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Page 3<\/td>\n<\/tr>\n | \n| \n | \n | \n | \u00a0<\/td>\n<\/tr>\n<\/table>\n\nKEYSIGHT TECHNOLOGIES, INC.<\/b><\/td>\n<\/tr>\n\nNET INCOME AND DILUTED EPS RECONCILIATION<\/b><\/td>\n<\/tr>\n\n(In millions, except per share data)<\/b><\/td>\n<\/tr>\n\n(Unaudited)<\/b><\/td>\n<\/tr>\n\nPRELIMINARY<\/b><\/td>\n<\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | Three months ended<\/b><\/td>\n | \n | Six months ended<\/b><\/td>\n<\/tr>\n\n| \n | April 30,<\/b><\/td>\n | \n | April 30,<\/b><\/td>\n<\/tr>\n\n| \n | \n2026<\/b><\/p><\/td> | \n | \n2025<\/b><\/p><\/td> | \n | \n2026<\/b><\/p><\/td> | \n | \n2025<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \nNet<\/b><\/p> \nIncome<\/b><\/p><\/td> | \nDiluted<\/b><\/p> \nEPS<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nNet<\/b><\/p> \nIncome<\/b><\/p><\/td> | \nDiluted<\/b><\/p> \nEPS<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nNet<\/b><\/p> \nIncome<\/b><\/p><\/td> | \nDiluted<\/b><\/p> \nEPS<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nNet<\/b><\/p> \nIncome<\/b><\/p><\/td> | \nDiluted<\/b><\/p> \nEPS<\/b><\/p><\/td><\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| GAAP Net income<\/td>\n | \n$<\/p><\/td> | \n349<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n2.02<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n257<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n1.49<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n630<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n3.64<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n426<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n2.45<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Non-GAAP adjustments:<\/td>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n<\/tr>\n | \n| Amortization of acquisition-related balances<\/td>\n | \n\u00a0<\/p><\/td> | \n73<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.42<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n34<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.19<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n146<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.84<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n67<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.38<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Share-based compensation<\/td>\n | \n\u00a0<\/p><\/td> | \n58<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.34<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n37<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.22<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n135<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.78<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n99<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.57<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Acquisition and integration costs (benefits)<\/td>\n | \n\u00a0<\/p><\/td> | \n31<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.18<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(74<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.42<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n60<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.35<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n24<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.14<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Restructuring and others<\/td>\n | \n\u00a0<\/p><\/td> | \n4<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.03<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n12<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.07<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n16<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.09<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n25<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.14<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Net loss (gain) on equity investments<\/td>\n | \n\u00a0<\/p><\/td> | \n(6<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.04<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n14<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.08<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n42<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.25<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(23<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.13<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \nAdjustment for taxes(a)<\/sup><\/td>\n\n\u00a0<\/p><\/td> | \n(12<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.08<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n15<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.07<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(156<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.90<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(6<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.03<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Non-GAAP Net income<\/td>\n | \n$<\/p><\/td> | \n497<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n2.87<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n295<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n1.70<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n873<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n5.05<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n612<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n3.52<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Weighted average shares outstanding - diluted<\/td>\n | \n\u00a0<\/p><\/td> | \n173<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n173<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n173<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n174<\/p><\/td> | \n\u00a0<\/p><\/td> | \n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n(a)<\/sup> For the three and six months ended April 30, 2026 and 2025, management used a non-GAAP effective tax rate of 14%, respectively.<\/td>\n<\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Please refer to the last page for details on the use of non-GAAP financial measures.<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Page 4<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n<\/table>\n\nKEYSIGHT TECHNOLOGIES, INC.<\/b><\/td>\n<\/tr>\n\nSEGMENT RESULTS INFORMATION<\/b><\/td>\n<\/tr>\n\n(In millions, except where noted)<\/b><\/td>\n<\/tr>\n\n(Unaudited)<\/b><\/td>\n<\/tr>\n\nPRELIMINARY<\/b><\/td>\n<\/tr>\n\n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Communications Solutions Group<\/b><\/td>\n | \n | \n | \n | \n | Percent<\/b><\/td>\n<\/tr>\n\n| \n | Q2'26<\/b><\/td>\n | \n | Q2'25<\/b><\/td>\n | \n | Inc\/(Dec)<\/b><\/td>\n<\/tr>\n\n| Revenue<\/td>\n | \n$<\/p><\/td> | \n1,231<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n913<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n35%<\/p><\/td><\/tr>\n | \n| Gross margin, %<\/td>\n | \n\u00a0<\/p><\/td> | \n74<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n67<\/p><\/td> | \n%<\/p><\/td> | \n | \n<\/tr>\n | \n| Income from operations<\/td>\n | \n$<\/p><\/td> | \n411<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n236<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n<\/tr>\n | \n| Operating margin, %<\/td>\n | \n\u00a0<\/p><\/td> | \n33<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n26<\/p><\/td> | \n%<\/p><\/td> | \n | \n<\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Electronic Industrial Solutions Group<\/b><\/td>\n | \n | \n | \n | \n | Percent<\/b><\/td>\n<\/tr>\n\n| \n | \nQ2'26<\/b><\/p><\/td> | \n | \nQ2'25<\/b><\/p><\/td> | \n | Inc\/(Dec)<\/b><\/td>\n<\/tr>\n\n| Revenue<\/td>\n | \n$<\/p><\/td> | \n486<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n393<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n24%<\/p><\/td><\/tr>\n | \n| Gross margin, %<\/td>\n | \n\u00a0<\/p><\/td> | \n68<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n59<\/p><\/td> | \n%<\/p><\/td> | \n | \n<\/tr>\n | \n| Income from operations<\/td>\n | \n$<\/p><\/td> | \n161<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n92<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n<\/tr>\n | \n| Operating margin, %<\/td>\n | \n\u00a0<\/p><\/td> | \n33<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n23<\/p><\/td> | \n%<\/p><\/td> | \n | \n<\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Segment revenue and income from operations are consistent with the respective non-GAAP financial measures as discussed on last page.<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Page 5<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n<\/table>\n\nKEYSIGHT TECHNOLOGIES, INC.<\/b><\/td>\n<\/tr>\n\nFREE CASH FLOW<\/b><\/td>\n<\/tr>\n\n(In millions)<\/b><\/td>\n<\/tr>\n\n(Unaudited)<\/b><\/td>\n<\/tr>\n\nPRELIMINARY<\/b><\/td>\n<\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | Three months ended<\/b><\/td>\n | \n | Six months ended<\/b><\/td>\n<\/tr>\n\n| \n | April 30,<\/b><\/td>\n | \n | April 30,<\/b><\/td>\n<\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2025<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2025<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Net cash provided by operating activities<\/td>\n | \n$<\/p><\/td> | \n501<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n484<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n942<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n862<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| Adjustments:<\/td>\n | \n | \n | \n | \n | \n | \n | \n<\/tr>\n | \n| Investments in property, plant and equipment<\/td>\n | \n\u00a0<\/p><\/td> | \n(29<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(27<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(63<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(59<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n| Free cash flow<\/td>\n | \n$<\/p><\/td> | \n472<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n457<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n879<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n803<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Please refer to the last page for details on the use of non-GAAP financial measures.<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Page 6<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n<\/table>\n\nKEYSIGHT TECHNOLOGIES, INC.<\/b><\/td>\n<\/tr>\n\nREVENUE BY END MARKETS<\/b><\/td>\n<\/tr>\n\n(In millions)<\/b><\/td>\n<\/tr>\n\n(Unaudited)<\/b><\/td>\n<\/tr>\n\nPRELIMINARY<\/b><\/td>\n<\/tr>\n\n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | Percent<\/b><\/td>\n<\/tr>\n\n| \n | Q2'26<\/b><\/td>\n | \n | Q2'25<\/b><\/td>\n | \n | Inc\/(Dec)<\/b><\/td>\n<\/tr>\n\n| Aerospace, Defense and Government<\/td>\n | \n$<\/p><\/td> | \n373<\/p><\/td> | \n | \n | \n$<\/p><\/td> | \n301<\/p><\/td> | \n | \n | \n24%<\/p><\/td><\/tr>\n | \n| Commercial Communications<\/td>\n | \n\u00a0<\/p><\/td> | \n858<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n612<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n40%<\/p><\/td><\/tr>\n | \n| Electronic Industrial<\/td>\n | \n\u00a0<\/p><\/td> | \n486<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n393<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n24%<\/p><\/td><\/tr>\n | \n| Total Revenue<\/b><\/td>\n | \n$<\/p><\/td> | \n1,717<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n1,306<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n31%<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n| Page 7<\/td>\n<\/tr>\n | \n| \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n<\/table>\n\nNon-GAAP Financial Measures<\/b><\/td>\n<\/tr>\n\n| \u00a0<\/td>\n<\/tr>\n | \n| Management uses both GAAP and non-GAAP financial measures to analyze and assess the overall performance of the business, to make operating decisions and to forecast and plan for future periods. We believe that our investors benefit from seeing our results \u201cthrough the eyes of management\u201d in addition to seeing our GAAP results. This information enhances investors\u2019 understanding of the continuing performance of our business and facilitates comparison of performance to our historical and future periods.<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n<\/tr>\n | \n| Our non-GAAP financial measures may not be comparable to similarly titled measures used by other companies, including industry peer companies, limiting the usefulness of these measures for comparative purposes.<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n<\/tr>\n | \n| These non-GAAP measures should be considered supplemental to and not a substitute for financial information prepared in accordance with GAAP. The discussion below presents information about each of the non-GAAP financial measures and the company\u2019s reasons for including or excluding certain categories of income or expenses from our non-GAAP results. In future periods, we may exclude such items and may incur income and expenses similar to these excluded items. Accordingly, adjustments for these items and other similar items in our non-GAAP presentation should not be interpreted as implying that these items are non-recurring, infrequent or unusual.<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n<\/tr>\n | \nCore Revenue\/ Margin<\/i> excludes the impact of foreign currency changes and revenue\/ expenses associated with acquisitions or divestitures completed within the last twelve months. We exclude from the current period the impact of foreign currency changes as currency rates can fluctuate based on factors outside our control and may obscure underlying growth trends. To determine this impact, current period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods. Given the nature, size and number of acquisitions can vary significantly from period to period and as compared to our peers, we also exclude revenue\/ expenses associated with recently acquired businesses to facilitate comparisons of growth and analysis of underlying business trends.<\/td>\n<\/tr>\n\n| \u00a0<\/td>\n<\/tr>\n | \n| Percentages and period over period changes are calculated using underlying unrounded values and may not precisely reconcile to the rounded figures presented.<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n<\/tr>\n | \nFree cash flow <\/i>includes cash provided by operating activities adjusted for net investments in property, plant & equipment.<\/td>\n<\/tr>\n\n| \u00a0<\/td>\n<\/tr>\n | \nNon-GAAP Income from Operations, Non-GAAP Net Income and Non-GAAP Diluted EPS <\/i>may include the following types of adjustments:<\/td>\n<\/tr>\n\n| \u00a0<\/td>\n<\/tr>\n | \n| \n | \n- \nAcquisition-related Items<\/i>: We exclude the impact of certain items recorded in connection with business combinations from our non-GAAP financial measures that are either non-cash or not normal, recurring operating expenses due to their nature, variability of amounts and lack of predictability as to occurrence or timing. These amounts may include non-cash items such as the amortization of acquired intangible assets and amortization of items associated with fair value purchase accounting adjustments. We also exclude other acquisition and integration costs associated with business acquisitions that are not normal recurring operating expenses, including gain\/loss on foreign exchange contracts and legal, accounting and due diligence costs. We exclude these charges to facilitate a more meaningful evaluation of our current operating performance and comparisons to our past operating performance.<\/li>\n<\/ul>\n<\/td><\/tr>\n
\n| \n | \n- \nShare-based Compensation Expense<\/i>: We exclude share-based compensation expense from our non-GAAP financial measures as it is primarily a non-cash charge and can vary significantly from period to period based on the company\u2019s share price, as well as the timing, size and nature of equity awards granted. Management believes the exclusion of this expense facilitates the ability of investors to compare the company\u2019s operating results with those of other companies, many of which also exclude share-based compensation expense in determining their non-GAAP financial measures.<\/li>\n<\/ul>\n<\/td><\/tr>\n
\n| \n | \n- \nRestructuring and others<\/i>: We exclude incremental expenses associated with restructuring initiatives including those of acquired entities, usually aimed at material changes in the business or cost structure. Such costs may include employee separation costs, asset impairments, facility-related costs, contract termination fees, and costs to move operations from one location to another. These activities can vary significantly from period to period based on the timing, size and nature of restructuring plans; therefore, we do not consider such costs to be normal, recurring operating expenses.\nWe also exclude \u201cothers,\u201d not normal, recurring, cash operating income\/expenses from our non-GAAP financial measures. Such items are evaluated on an individual basis, based on both quantitative and qualitative factors and generally represent items that we do not anticipate occurring as part of our normal business. While not all-inclusive, examples of such items would include significant non-recurring events like realized gains or losses associated with our employee benefit plans, costs and recoveries related to unusual events, gain on sale of assets\/divestitures, adjustment attributable to non-controlling interest, etc. We believe that these costs do not reflect expected future operating expenses and do not contribute to a meaningful evaluation of the company\u2019s current operating performance or comparisons to our operating performance in other periods.<\/li>\n<\/ul>\n<\/td><\/tr>\n
\n| \n | \n- \nNet gains\/losses on investments<\/i>: We also exclude net gains and losses on equity investments, which primarily represent profits or losses recognized from changes in the fair value and\/or sale of equity securities. Such fluctuations are driven by market conditions and factors beyond our control and are not indicative of the Company\u2019s core operating results.<\/li>\n<\/ul>\n<\/td><\/tr>\n
\n| \n | \n- \nEstimated Tax Rate<\/i>: We utilize a consistent methodology for long-term projected non-GAAP tax rate. When projecting this long-term rate, we exclude any tax benefits or expenses that are not directly related to ongoing operations and which are either isolated or cannot be expected to occur again with any regularity or predictability. Additionally, we evaluate our current long-term projections, current tax structure and other factors, such as existing tax positions in various jurisdictions and key tax holidays in major jurisdictions where Keysight operates. This tax rate could change in the future for a variety of reasons, including but not limited to significant changes in geographic earnings mix including acquisition activity, or fundamental tax law changes in major jurisdictions where Keysight operates. The above reasons also limit our ability to reasonably estimate the future GAAP tax rate and provide a reconciliation of the expected non-GAAP earnings per share for the third quarter of fiscal 2026 to the GAAP equivalent.<\/li>\n<\/ul>\n<\/td><\/tr>\n
\n| \n | \u00a0<\/td>\n<\/tr>\n | \n| Management recognizes these items can have a material impact on our cash flows and\/or our net income. Our GAAP financial statements, including our Condensed Consolidated Statement of Cash Flows, portray those effects. Although we believe it is useful for investors to see core performance free of special items, investors should understand that the excluded costs are actual expenses that may impact the cash available to us for other uses. To gain a complete picture of all effects on the company\u2019s profit and loss from any and all events, management does (and investors should) rely upon the Condensed Consolidated Statement of Operations prepared in accordance with GAAP. The non-GAAP measures focus instead upon the core business of the company, which is only a subset, albeit a critical one, of the company\u2019s performance.<\/td>\n<\/tr>\n | \n| \n | \u00a0<\/td>\n<\/tr>\n | \n| Page 8<\/td>\n<\/tr>\n<\/table> Contacts<\/b> \nINVESTOR CONTACT:\nLiz Morali\n+1 707-577-2880\nliz.morali@keysight.com<\/a><\/p>\nMEDIA CONTACT:\nAndrea Mueller\n+ 1 408-236-1541\nandrea.mueller@keysight.com<\/a><\/p> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"Delivered record results with over $2 billion in orders; full-year outlook raisedSANTA ROSA, Calif.–(BUSINESS WIRE)–$KEYS–Keysight Technologies, Inc. (NYSE: KEYS) today reported financial results for the second fiscal quarter ended April 30, 2026.
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