Keysight Technologies (KEYS) Operating Margin (2014 - 2026)
Keysight Technologies' (KEYS) quarterly Operating Margin came in at 15.5% in Q1 2026, down 130.0% YoY from 51.67% in Q1 2025, and up 1.36% on a QoQ basis from 15.29% in Q4 2025.
Keysight Technologies (KEYS) Operating Margin (2014 - 2026) Analysis & Trends
Keysight Technologies (KEYS) has 13 years of Operating Margin data on file, last reported at 15.5% in Q1 2026.
- Quarterly Operating Margin fell 130.0% year-over-year to 15.5% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 15.96% (down 58.0% YoY) and the FY2025 annual result came in at 16.3%, down 43.0% from the prior year.
- Operating Margin improved to 15.5% in Q1 2026, from 15.29% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 26.41% in Q3 2023 to a low of 14.56% in Q2 2024.
- A 5-year average of 20.3% and a median of 17.87% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 496 bps — and 2024, when it slumped 1091 bps.
- Tracing KEYS's Operating Margin over 5 years: stood at 26.26% in 2022, then fell by 8 bps to 24.18% in 2023, then dropped by 26 bps to 17.87% in 2024, then dropped by 14 bps to 15.29% in 2025, then rose by 1 bps to 15.5% in 2026.
- The last three Operating Margin figures came in at 15.5% (Q1 2026), 15.29% (Q4 2025), and 17.31% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 30.44% |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 23.70% |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | -47.91% |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 20.04% |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 20.11% |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 19.14% |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 13.58% |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 29.36% |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 24.57% |
| 10 | Sensata Technologies Holding | 6.09 Bn | 5.68 Bn | 301.80 Mn | 16.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 23.70% |
| Jan 31, 2026 | 15.50% |
| Oct 31, 2025 | 15.29% |
| Jul 31, 2025 | 17.31% |
| Apr 30, 2025 | 15.85% |
| Jan 31, 2025 | 16.80% |
| Oct 31, 2024 | 17.87% |
| Jul 31, 2024 | 16.84% |
| Apr 30, 2024 | 14.56% |
| Jan 31, 2024 | 17.55% |
| Oct 31, 2023 | 24.18% |
| Jul 31, 2023 | 26.41% |
| Apr 30, 2023 | 25.47% |
| Jan 31, 2023 | 23.32% |
| Oct 31, 2022 | 26.26% |
| Jul 31, 2022 | 25.94% |
| Apr 30, 2022 | 24.20% |
| Jan 31, 2022 | 21.68% |
| Oct 31, 2021 | 26.97% |
| Jul 31, 2021 | 22.79% |