Keysight Technologies Prices $750 Million Offering of 5.350% Notes Due 2030
SANTA ROSA, Calif., April 11, 2025 – Keysight Technologies, Inc. (NYSE: KEYS) announced that it has priced a public offering of $750 million aggregate principal amount of its 5.350% Notes due 2030. The offering is expected to close on April 17, 2025, subject to customary closing conditions.

The offering was made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. BNP Paribas Securities Corp., Citigroup Global Markets Inc., and BofA Securities, Inc. are acting as joint book-running managers and representatives of the underwriters.

The net proceeds from the offering will be used for general corporate purposes, which may include debt repayment, capital expenditures, or share repurchases.

This announcement is not an offer to sell or a solicitation of an offer to buy securities and is made in accordance with applicable securities laws.

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Keysight Technologies, Inc. (NYSE: KEYS) reported strong first-quarter fiscal 2025 results, with revenue and orders exceeding expectations. Revenue reached $1.30 billion, a 3% increase from $1.26 billion in Q1 2024. GAAP net income was $169 million, slightly down from $172 million in the prior-year quarter, while non-GAAP net income rose 11% to $317 million, or $1.82 per share, compared to $286 million and $1.63 per share in Q1 2024.

The Communications Solutions Group (CSG) posted $883 million in revenue, growing 5% year-over-year, with equal contributions from commercial communications and aerospace, defense, and government sectors. The Electronic Industrial Solutions Group (EISG) saw a 1% decline in revenue to $415 million, reflecting mixed demand across end markets.

Keysight’s free cash flow improved to $346 million, up from $281 million last year, supported by $378 million in operating cash flow. The company held $2.06 billion in cash and cash equivalents as of January 31, 2025.

For Q2 2025, Keysight expects revenue between $1.27 billion and $1.29 billion, with non-GAAP EPS between $1.61 and $1.67. CEO Satish Dhanasekaran expressed confidence in the company's innovation pipeline and long-term growth prospects as market demand continues its gradual recovery in 2025.