Keysight Explained

Keysight Technologies, Inc.
Type:Public
Predecessors:Electronic test and measurement division of HP and later Agilent Technologies
Key People:Ron Nersesian (chairman)
Satish Dhanasekaran (president and CEO)
Industry:Industry
Revenue: (2025)
Operating Income: (2025)
Net Income: (2025)
Assets: (2025)
Equity: (2025)
Num Employees:16,800
Num Employees Year:2025
Footnotes:Financials .[1]

Keysight Technologies, Inc. is a global company headquartered in Santa Rosa, CA, that manufactures hardware and software for engineering workflows across design, test, and emulation. It serves industries including communications (5G/6G/NTN), aerospace and defense, AI/data center networking, automotive, semiconductors, digital healthcare, quantum computing, and energy.[2] [3]

The company was formed as a spin-off of Agilent Technologies, which inherited and rebranded the test and measurement product lines developed and produced, from the late 1930s to the turn of the millennium, by Hewlett-Packard.[4] Its name is a portmanteau of key and insight.[5] [6]

Since 2022, Satish Dhanasekaran has served as Keysight’s CEO and president.[7] Additional C-level executives include Neil Dougherty (CFO), Jason Kary (President, Electronic Industrial Solutions Group), and Kailash Narayanan (President, Communications Solutions Group).[8]

Through expansions and acquisitions, the S&P 500-indexed company has grown beyond its initial focus on oscilloscopes to produce electronic design automation (EDA) software, network visibility and cybersecurity solutions, manufacturing technology, and system-level simulation platforms.[9] It also works closely with more than 35 international engineering standards bodies to develop new standards and ensure accurate tests.[10]

Products

Keysight's products include hardware and software for benchtop, modular, and field instruments.[11] Instruments include oscilloscopes, multimeters, logic analyzers, signal generators, spectrum analyzers, vector network analyzers, atomic force microscopes (AFM), automated optical inspection, automated X-ray inspection (5DX), in-circuit testers, power supplies, tunable lasers, optical power meters, wavelength-meters, electro-optic converters, optical modulation analyzers and handheld tools.[12] In addition, it produces electronic design automation (EDA) software (PathWave Design division).[13] It mainly serves the telecommunications, aerospace/defense, industrial, computer, and semiconductor industries.[14]

History

Acquisitions

Keysight acquired British electronic measurement instrument maker Anite in 2015 for ÂŁ388 million ($607 million).[15]

In 2017, Keysight acquired data technology company Ixia for about $US1.6 billion in cash.[16] [17]

The company acquired British software testing company Eggplant Software from The Carlyle Group for $330 million in 2020.[18]

From 2019 to 2021, the company focused on 5G, introducing advanced products such as the Infiniium UXR-Series oscilloscopes. In 2023, the company acquired France-based ESI Group for approximately $1 billion.[19]

In 2024, Keysight outbid Viavi Solutions to acquire British telecommunications testing company Spirent for $1.5 billion.[20] That June, the US Department of Justice required the company to divest three of Spirent's businesses, prior to closing the sale, due to antitrust concerns.[21] The sale closed October 15, 2025, including the regulatory required spin off of three divisions.[22] [23]

Controversies

On August 3, 2021, Keysight entered into a consent agreement with the Directorate of Defense Trade Controls, Bureau of Political-Military Affairs, Department of State ("DTCC") to resolve alleged violations of the Arms Export Control Act and the International Traffic in Arms Regulations ("ITAR"). On May 3, 2024, Keysight submitted a letter to the DTCC certifying that it had implemented all aspects of the consent agreement and that the company's compliance program was adequate to identify, prevent, detect, correct, and report violations of the ITAR.[24] [25] [26]

In its 2024 Corporate Social Responsibility Progress Report, Keysight claimed successful completion of the consent agreement and the formal closure of the matter with the DTCC.[27] It continues to provide ITAR data handling support for its customers with EDA (electronic design automation) support agreements.[28]

Research and development

From its launch in 2014 until 2020, Keysight increased its investment in R&D from approximately 12% to 16%, a percentage increase that represented almost a doubling of the investment in absolute dollars.[29] In 2025, Keysight’s research and development expenses reached $1.007B, a 9.58% increase over the previous year ($919M in 2024). Keysight’s research and development budget has consistently increased annually since its 2014 spin-off from Agilent Technologies.[30] Its current focus is on enabling technologies, system design, simulation, and measurement, with R&D distributed throughout the US, Singapore, India, Germany, Malaysia, Romania, China, Japan, Spain, United Kingdom, and France.[31]

In 2024, Keysight collaborated with Google Quantum AI to introduce the industry’s first quantum circuit simulation with flux quantization, representing a breakthrough in quantum computing and superconducting circuit design.[32] This was followed in 2025 by Keysight’s delivery of a quantum control system to the National Institute of Advanced Industrial Science and Technology (AIST) in Japan capable of supporting over 1,000 qubits, as part of the organizations’ ongoing quantum research.[33]

Keysight focuses R&D efforts on AI data center infrastructure and networking technologies, including a 2025 survey report conducted by Heavy Reading on the infrastructure challenges facing AI advancements.[34] Keysight collaborated with McGill University, Ciena, and Hyperlight on the industry’s first demonstration of 448G PAM4 driverless optical transmission in 2025, which was also demonstrated at the European Exhibition on Optical Communications (ECOC) [link] and through collaboration with NTT Innovative Devices and Lumentum at an Optical Fiber Communications Conference (OFC) demonstration the same year.[35] [36] [37]

Recognition

Keysight won the 2014 Global Frost & Sullivan award for market leadership with $300 million in instrumentation software revenue, with its R&D investment of 12% of revenue ($365 million in 2013) cited as an important factor.[38] [39]

Keysight was ranked #46th on Fortunes 100 Best Companies to Work For list in 2022.[40]

In 2023, Keysight was recognized by Forbes as #5 of America’s Best Midsize Employers and #123 of America’s Most Cybersecure Companies.[41] [42] In 2024, it ranked Keysight #8 of America’s Best Employers for Diversity.[43]

Keysight won the Frost & Sullivan Best Practices Award in 2024 for New Product Innovation, Keysight Network Packet Brokers, and in 2025 for Global 6G Test and Measurement Company of the Year, Excellence in 6G Test and Measurement.[44] [45]

Time ranked the company #127th of 500 on its Worlds Most Sustainable Companies of 2025 list.[46]

Keysight was named 2025 winner of the Excellence in Omnichannel Customer Experience Optimization Award by TSIA (Technology & Services Industry Association).[47]

Forbes named Keysight #599 on its list of World’s Best Employers 2025 and #188 on its list of the World’s Most Trusted Companies in America 2026.[48] [49]

Keysight was named a Leader in the 2025 Gartner® Magic Quadrant™ for AI-Augmented Software Testing Tools for its Eggplant software including automated test design, real-time visual validation, and trusted deployment (Iron Bank Certification) capabilities.[50]

Newsweek in 2026 named Keysight #13 of America’s Most Responsible Companies and awarded it 4.5 out of 5 stars on its list of America’s Greenest Companies.[51] [52]

External links

Notes and References

  1. Web site: Keysight Technologies, Inc. FY 2025 Annual Report (Form 10-K) . December 17, 2025 . U.S. Securities and Exchange Commission.
  2. Web site: Keysight . Industry Solutions . 2026-03-02 . Keysight United States . en.
  3. Web site: March 2, 2026 . Keysight Technologies Inc KEYS.K:NYQ . live . March 2, 2026 . Reuters.
  4. Web site: Keysight . Timeline . 2026-03-02 . Keysight United States . en-US.
  5. Web site: 17 November 2014 . Keysight Technologies Fact Sheet . 19 December 2014 . Keysight.
  6. Web site: 7 January 2014 . Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company . 19 December 2014 . Agilent. https://web.archive.org/web/20191208020546/https://www.agilent.com/about/newsroom/presrel/2014/07jan-gp14001.html. 8 December 2019.
  7. Web site: 2022-04-08 . FAMU FSU Engineering Alumnus is New President and CEO of Keysight Technologies FAMU-FSU . 2026-03-02 . eng.famu.fsu.edu . en.
  8. Web site: Keysight . Keysight Executive Biographies . 2026-03-02 . Keysight United States . en-US.
  9. Web site: Chandna . Parth . February 23, 2026 . Ananda . Jonathan . Keysight forecasts quarterly profit above estimates on strong data center-led demand . live . March 2, 2026 . Reuters.
  10. Web site: Keysight . Keysight Helps Shape Standards and Future Technology . 2026-03-02 . www.keysight.com.
  11. News: After spin-off, Keysight strikes out on its own. Kelly Hill. RCR Wireless News. December 9, 2014. 2015-01-03. ... high-performance instrumentation approach for benchtop equipment ... also has been adding to its modular portfolio ... as well as portable testing products ....
  12. Web site: Keysight News Archive Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company Keysight Press Release. 2014-01-07. about.keysight.com. en-US. 2018-10-19.
  13. Web site: Circuit Design Software. Keysight. Keysight.
  14. Keysight Technologies: Reborn. Hindle. Patrick. Lerude. Gary. January 14, 2015. Microwave Journal. 2015-01-15.
  15. News: Keysight Technologies to buy UK's Anite in $607 million deal . June 17, 2015 . Reuters . September 20, 2024.
  16. News: January 30, 2017 . Keysight Technologies to buy Ixia for $1.6 billion . en . Reuters . March 30, 2024.
  17. Keysight Technologies Announces Closing of Acquisition of Ixia . Keysight . April 18, 2017 . March 30, 2024 .
  18. News: Kellaher . Colin . June 25, 2020 . Keysight Technologies Acquires Eggplant From Carlyle Group . The Wall Street Journal . September 20, 2024.
  19. News: Keysight to buy French software firm ESI Group for nearly $1 billion . June 28, 2023 . Reuters.
  20. News: Keysight outbids rival Viavi to buy UK's Spirent for $1.5 billion. March 29, 2024. Reuters.
  21. News: Stempel . Jonathan . 2025-06-02 . US requires Keysight to divest tech assets before buying UK-based Spirent . 2025-08-13 . Reuters . en.
  22. Web site: 2025-08-05 . Hennessey. Michael. Spirent first half revenue climbs but loss widens ahead of takeover Alliance News . 2025-08-14 . marketscreener.com . en-US.
  23. . 2025-11-05. Keysight Technologies completes acquisition of Spirient Communications plc.
  24. News: Forrester . Brett . August 9, 2021 . State Department Fines Radar Company for Unauthorized Exports to China, Russia . July 28, 2022 . The Wall Street Journal.
  25. Web site: Keysight Technologies Inc.: Quarterly Report for Quarter Ending APRIL 30, 2024 (Form 10-Q) - MoneyController (ID 2214610) . 2025-02-10 . www.moneycontroller.de . de.
  26. News: Swindell . Bill . August 16, 2021 . Keysight Technologies penalized $6.6 million after exporting unauthorized software . July 27, 2022 . The Press Democrat.
  27. Web site: Keysight . Corporate Social Responsibility . 2026-03-03 . Keysight United States . en-US.
  28. Web site: Keysight . Keysight EDA Support Policy . 2026-03-03 . Keysight United States . en-US.
  29. Web site: Pushing the limits of tech measurement . Fast Company . 17 August 2021 . Works . Fastco .
  30. Web site: Keysight Technologies Research and Development Expenses 2013-2025 KEYS . 2026-03-02 . www.macrotrends.net.
  31. Web site: XBRL Viewer . 2026-03-02 . www.sec.gov . en.
  32. Web site: 2024-09-20 . Keysight Unveils Industry-First Quantum Circuit Simulation With Flux Quantization . live . 2026-03-02 . Quantum Zeitgeist . en-US.
  33. Web site: Abdel-Kareem . Mohamed . 2025-07-30 . Keysight Installs Quantum Control System Supporting Over 1,000 Qubits at AIST’s G-QuAT Center in Japan . 2026-03-02 . Quantum Computing Report . en-US.
  34. Web site: Keysight . 2025-09-24 . Beyond the Bottleneck: AI Cluster Networking Report 2025 . 2026-03-02 . Semiconductor Engineering . en-US.
  35. Web site: Corporation . Ciena . Industry's 1st 448G PAM4 Driverless Optical Transmission . 2026-03-02 . www.ciena.com.
  36. Web site: Dampier . Michelle . 2025-08-20 . Keysight Accelerates 448 Gbps Innovation in early R&D . 2026-03-02 . ECOC . en.
  37. Web site: Electronics Engineering Herald - Latest Electronics Design News . 2026-03-02 . EE Herald . en.
  38. Web site: 2014-12-09 . Keysight Technologies Receives 2014 Global Frost & Sullivan Award for Market Leadership in Instrumentation Software . live . 2026-03-02 . Design World.
  39. Web site: Frost & Sullivan Lauds Keysight Technologies for Maintaining its Lead in the Instrumentation Software Market. Frost & Sullivan. December 3, 2014. 2015-01-03. Investing over 12% of its revenues in R&D, resulting into $365 million in its last fiscal year (2013), has led to the company's success, enabling it to introduce new software meeting evolving end-user technologies.. https://web.archive.org/web/20150110064947/http://ww2.frost.com/news/press-releases/frost-sullivan-lauds-keysight-technologies-maintaining-its-lead-instrumentation-software-market. January 10, 2015. dead.
  40. Web site: 100 Best Companies to Work For . 2022-07-20 . Fortune . en.
  41. Web site: 2023-03-22 . America’s Best Midsize Employers 2023: The Top 100 . live . 2026-03-02 . Forbes.
  42. Web site: Schwarz . Alan . 2023-06-08 . America’s Most Cybersecure Companies . live . 2026-03-02 . Forbes.
  43. Web site: Peachman . Rachel . 2024-04-23 . AMERICA’S BEST EMPLOYERS FOR DIVERSITY . live . 2026-03-02 . Forbes.
  44. Web site: Tinajero . Camila . 2024-09-17 . Frost & Sullivan Recognizes Keysight’s Network Packet Brokers with 2024 New Product Innovation Award . 2026-03-02 . Frost & Sullivan . en-US.
  45. Web site: Shreve . Ashley . 2025-07-31 . Keysight Receives Frost & Sullivan’s 2025 Global Company of the Year Award for Excellence in 6G Test and Measurement . 2026-03-02 . Frost & Sullivan . en-US.
  46. Web site: World’s Most Sustainable Companies of 2025 . 2025-08-13 . TIME . en.
  47. Web site: 2025 Excellence in Omnichannel Customer Experience Optimization . 2026-03-02 . www.tsia.com.
  48. Web site: Peachman . Rachel . 2025-10-08 . World's Best Employers . live . 2026-03-02 . Forbes.
  49. Web site: Schwarz . Alan . Newman . Heather . 2025-11-13 . Most Trusted Companies in America . live . 2026-03-02 . Forbes.
  50. Web site: Magic Quadrant for AI-Augmented Software Testing Tools . 2026-03-02 . Gartner . en.
  51. Web site: CunninghamEditor-in-Chief . Jennifer H. . 2025-12-03 . America’s Most Responsible Companies 2026 . 2026-03-02 . Newsweek . en.
  52. Web site: Cunningham . Jennifer H. . 2025-10-23 . America’s Greenest Companies 2026 . 2026-03-02 . Newsweek . en.