Keysight Technologies (KEYS) Cost of Revenue (2014 - 2026)
Keysight Technologies' Cost of Revenue came in at $630 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 21.6% from $518 million a year earlier and up 16.9% from the prior quarter.
Keysight Technologies (KEYS) Cost of Revenue (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Keysight Technologies reported Cost of Revenue of $2.32 billion, up 17.8% year-over-year; for FY2025 (ended Oct 31, 2025), it was $2.04 billion, up 10.4% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 3.8% (FY2020 to FY2025).
- Going back by fiscal year, Cost of Revenue was $1.85 billion in FY2024 (-4.5%), $1.93 billion in FY2023 (-1.9%), $1.97 billion in FY2022 (+5.2%) and $1.87 billion in FY2021 (+10.9%).
- The fiscal Q3 2026 figure represents the highest quarterly Cost of Revenue in data going back to fiscal Q1 2014.
- Year-over-year, Cost of Revenue has increased for eight consecutive quarters, with growth averaging 12.9% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in fiscal Q1 2026 (growth of 26.6%), and the weakest in fiscal Q4 2023 (a decline of 12.4%).
- Business Quant data shows KEYS's Cost of Revenue at $539 million (Q2 2026), $605 million (Q1 2026) and $550 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 54.65 Bn |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 6.19 Bn |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 37.14 Bn |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 1.13 Bn |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 1.38 Bn |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 1.73 Bn |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 1.72 Bn |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 11.27 Bn |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 509.80 Mn |
| 10 | Keysight Technologies | 65.44 Bn | 56.37 Bn | 1.22 Bn | 630.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 630.00 Mn |
| Apr 30, 2026 | 539.00 Mn |
| Jan 31, 2026 | 605.00 Mn |
| Oct 31, 2025 | 550.00 Mn |
| Jul 31, 2025 | 518.00 Mn |
| Apr 30, 2025 | 492.00 Mn |
| Jan 31, 2025 | 478.00 Mn |
| Oct 31, 2024 | 485.00 Mn |
| Jul 31, 2024 | 462.00 Mn |
| Apr 30, 2024 | 453.00 Mn |
| Jan 31, 2024 | 446.00 Mn |
| Oct 31, 2023 | 467.00 Mn |
| Jul 31, 2023 | 486.00 Mn |
| Apr 30, 2023 | 481.00 Mn |
| Jan 31, 2023 | 498.00 Mn |
| Oct 31, 2022 | 533.00 Mn |
| Jul 31, 2022 | 499.00 Mn |
| Apr 30, 2022 | 492.00 Mn |
| Jan 31, 2022 | 446.00 Mn |
| Oct 31, 2021 | 457.00 Mn |
Keysight Technologies Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=KEYS&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "KEYS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=KEYS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();