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Keysight

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Keysight Technologies, Inc.
Company typePublic
IndustryElectronics
PredecessorsElectronic test and measurement division of HP and later Agilent Technologies
Founded2014; 12 years ago (2014)
HeadquartersSanta Rosa, California, U.S.[1]
Key people
Ron Nersesian (chairman)
Satish Dhanasekaran (president and CEO)[2]
ProductsElectronic measurement equipment
RevenueIncrease US$5.38 billion (2025)
Increase US$876 million (2025)
Increase US$850 million (2025)
Total assetsIncrease US$11.3 billion (2025)
Total equityIncrease US$5.88 billion (2025)
Number of employees
16,800 (2025)
Divisions
  • PathWave Design
  • PathWave Test
  • oscilloscopes
  • vector network analyzers
  • modular instruments
  • field instruments
  • bench instruments
Websitekeysight.com
Footnotes / references
Financials as of October 31, 2025.[3]

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.[4][5]

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.[6] Its name is a portmanteau of key and insight.[2][7]

Since 2022, Satish Dhanasekaran has served as Keysight’s CEO and president.[8] Additional C-level executives include Neil Dougherty (CFO), Jason Kary (President, Electronic Industrial Solutions Group), and Kailash Narayanan (President, Communications Solutions Group).[9]

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.[10] It also works closely with more than 35 international engineering standards bodies to develop new standards and ensure accurate tests.[11]

Products

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Keysight's products include hardware and software for benchtop, modular, and field instruments.[12] 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.[13] In addition, it produces electronic design automation (EDA) software (PathWave Design division).[14] It mainly serves the telecommunications, aerospace/defense, industrial, computer, and semiconductor industries.[15]

History

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Acquisitions

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Keysight acquired British electronic measurement instrument maker Anite in 2015 for £388 million ($607 million).[16]

In 2017, Keysight acquired data technology company Ixia for about $US1.6 billion in cash.[17][18]

The company acquired British software testing company Eggplant Software from The Carlyle Group for $330 million in 2020.[19]

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.[20]

In 2024, Keysight outbid Viavi Solutions to acquire British telecommunications testing company Spirent for $1.5 billion.[21] 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.[22] The sale closed October 15, 2025, including the regulatory required spin off of three divisions.[23][24]

Controversies

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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"). Pursuant to the consent agreement, Keysight was assessed a penalty of $6.6 million to be paid over three years, $2.5 million of which was suspended and designated for remediation activities over three years, including employment of a special compliance officer. The suspended portion of the penalty was satisfied by amounts spent on qualifying compliance activities. On April 23, 2024, Keysight made the final payment on the penalty, with the total amount then paid of $4.1 million. 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.[25][26][27]

Research and development

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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.[28] 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.[29] 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.[30]

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.[31] 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.[32]

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.[33] 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.[34][35][36]

Recognition

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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.[37][38][non-primary source needed]

Keysight was ranked #46th on Fortune's 100 Best Companies to Work For list in 2022.[39]

In 2023, Keysight was recognized by Forbes as #5 of America’s Best Midsize Employers and #123 of America’s Most Cybersecure Companies.[40][41] In 2024, it ranked Keysight #8 of America’s Best Employers for Diversity.[42]

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.[43][44]

Time ranked the company #127th of 500 on its Worlds Most Sustainable Companies of 2025 list.[45]

Keysight was named 2025 winner of the Excellence in Omnichannel Customer Experience Optimization Award by TSIA (Technology & Services Industry Association).[46]

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.[47][48]

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.[49]

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.[50][51]

References

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  1. ^ "Form 10-12B, Registration of securities, for SEC Accession No. 0001047469-14-001833". US Securities and Exchange Commission. 2014-03-05. Retrieved 19 December 2014.
  2. ^ a b "Keysight Technologies Fact Sheet" (PDF). Keysight. 17 November 2014. Retrieved 19 December 2014.
  3. ^ "Keysight Technologies, Inc. FY 2025 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. December 17, 2025.
  4. ^ Keysight. "Industry Solutions". Keysight United States. Retrieved 2026-03-02.
  5. ^ "Keysight Technologies Inc KEYS.K:NYQ". Reuters. March 2, 2026. Retrieved March 2, 2026.{{cite web}}: CS1 maint: url-status (link)
  6. ^ Keysight. "Timeline". Keysight United States. Retrieved 2026-03-02.
  7. ^ "Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company". Agilent. 7 January 2014. Archived from the original on 8 December 2019. Retrieved 19 December 2014.
  8. ^ "FAMU FSU Engineering Alumnus is New President and CEO of Keysight Technologies | FAMU-FSU". eng.famu.fsu.edu. 2022-04-08. Retrieved 2026-03-02.
  9. ^ Keysight. "Keysight Executive Biographies". Keysight United States. Retrieved 2026-03-02.
  10. ^ Chandna, Parth (February 23, 2026). Ananda, Jonathan (ed.). "Keysight forecasts quarterly profit above estimates on strong data center-led demand". Reuters. Retrieved March 2, 2026.{{cite web}}: CS1 maint: url-status (link)
  11. ^ Keysight. "Keysight Helps Shape Standards and Future Technology". www.keysight.com. Retrieved 2026-03-02.
  12. ^ Kelly Hill (December 9, 2014). "After spin-off, Keysight strikes out on its own". RCR Wireless News. Retrieved 2015-01-03. ... high-performance instrumentation approach for benchtop equipment ... also has been adding to its modular portfolio ... as well as portable testing products ...
  13. ^ "Keysight News Archive | Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company | Keysight Press Release". about.keysight.com. 2014-01-07. Retrieved 2018-10-19.
  14. ^ Keysight. "Circuit Design Software". Keysight.
  15. ^ Hindle, Patrick; Lerude, Gary (January 14, 2015). "Keysight Technologies: Reborn". Microwave Journal. Retrieved 2015-01-15.
  16. ^ "Keysight Technologies to buy UK's Anite in $607 million deal". Reuters. June 17, 2015. Retrieved September 20, 2024.
  17. ^ "Keysight Technologies to buy Ixia for $1.6 billion". Reuters. January 30, 2017. Retrieved March 30, 2024.
  18. ^ "Keysight Technologies Announces Closing of Acquisition of Ixia" (Press release). Keysight. April 18, 2017. Retrieved March 30, 2024.
  19. ^ Kellaher, Colin (June 25, 2020). "Keysight Technologies Acquires Eggplant From Carlyle Group". The Wall Street Journal. Retrieved September 20, 2024.
  20. ^ "Keysight to buy French software firm ESI Group for nearly $1 billion". Reuters. June 28, 2023.
  21. ^ "Keysight outbids rival Viavi to buy UK's Spirent for $1.5 billion". Reuters. March 29, 2024.
  22. ^ Stempel, Jonathan (2025-06-02). "US requires Keysight to divest tech assets before buying UK-based Spirent". Reuters. Retrieved 2025-08-13.
  23. ^ Hennessey, Michael (2025-08-05). "Spirent first half revenue climbs but loss widens ahead of takeover | Alliance News". marketscreener.com. Retrieved 2025-08-14.
  24. ^ "Keysight Technologies completes acquisition of Spirient Communications plc" (Press release). 2025-11-05.
  25. ^ Forrester, Brett (August 9, 2021). "State Department Fines Radar Company for Unauthorized Exports to China, Russia". The Wall Street Journal. Retrieved July 28, 2022.
  26. ^ "Keysight Technologies Inc.: Quarterly Report for Quarter Ending APRIL 30, 2024 (Form 10-Q) - MoneyController (ID 2214610)". www.moneycontroller.de (in German). Retrieved 2025-02-10.
  27. ^ Swindell, Bill (August 16, 2021). "Keysight Technologies penalized $6.6 million after exporting unauthorized software". The Press Democrat. Retrieved July 27, 2022.
  28. ^ Works, Fastco (17 August 2021). "Pushing the limits of tech measurement". Fast Company.
  29. ^ "Keysight Technologies Research and Development Expenses 2013-2025 | KEYS". www.macrotrends.net. Retrieved 2026-03-02.
  30. ^ "XBRL Viewer". www.sec.gov. Retrieved 2026-03-02.
  31. ^ "Keysight Unveils Industry-First Quantum Circuit Simulation With Flux Quantization". Quantum Zeitgeist. 2024-09-20. Retrieved 2026-03-02.{{cite web}}: CS1 maint: url-status (link)
  32. ^ Abdel-Kareem, Mohamed (2025-07-30). "Keysight Installs Quantum Control System Supporting Over 1,000 Qubits at AIST's G-QuAT Center in Japan". Quantum Computing Report. Retrieved 2026-03-02.
  33. ^ Keysight (2025-09-24). "Beyond the Bottleneck: AI Cluster Networking Report 2025". Semiconductor Engineering. Retrieved 2026-03-02.
  34. ^ Corporation, Ciena. "Industry's 1st 448G PAM4 Driverless Optical Transmission". www.ciena.com. Retrieved 2026-03-02.
  35. ^ Dampier, Michelle (2025-08-20). "Keysight Accelerates 448 Gbps Innovation in early R&D". ECOC. Retrieved 2026-03-02.
  36. ^ "Electronics Engineering Herald - Latest Electronics Design News". EE Herald. Retrieved 2026-03-02.
  37. ^ "Keysight Technologies Receives 2014 Global Frost & Sullivan Award for Market Leadership in Instrumentation Software". Design World. 2014-12-09. Retrieved 2026-03-02.{{cite web}}: CS1 maint: url-status (link)
  38. ^ "Frost & Sullivan Lauds Keysight Technologies for Maintaining its Lead in the Instrumentation Software Market". Frost & Sullivan. December 3, 2014. Archived from the original on January 10, 2015. Retrieved 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.
  39. ^ "100 Best Companies to Work For". Fortune. Retrieved 2022-07-20.
  40. ^ "America's Best Midsize Employers 2023: The Top 100". Forbes. 2023-03-22. Retrieved 2026-03-02.{{cite web}}: CS1 maint: url-status (link)
  41. ^ Schwarz, Alan (2023-06-08). "America's Most Cybersecure Companies". Forbes. Retrieved 2026-03-02.{{cite web}}: CS1 maint: url-status (link)
  42. ^ Peachman, Rachel (2024-04-23). "AMERICA'S BEST EMPLOYERS FOR DIVERSITY". Forbes. Retrieved 2026-03-02.{{cite web}}: CS1 maint: url-status (link)
  43. ^ Tinajero, Camila (2024-09-17). "Frost & Sullivan Recognizes Keysight's Network Packet Brokers with 2024 New Product Innovation Award". Frost & Sullivan. Retrieved 2026-03-02.
  44. ^ Shreve, Ashley (2025-07-31). "Keysight Receives Frost & Sullivan's 2025 Global Company of the Year Award for Excellence in 6G Test and Measurement". Frost & Sullivan. Retrieved 2026-03-02.
  45. ^ "World's Most Sustainable Companies of 2025". TIME. Retrieved 2025-08-13.
  46. ^ "2025 Excellence in Omnichannel Customer Experience Optimization". www.tsia.com. Retrieved 2026-03-02.
  47. ^ Peachman, Rachel (2025-10-08). "World's Best Employers". Forbes. Retrieved 2026-03-02.{{cite web}}: CS1 maint: url-status (link)
  48. ^ Schwarz, Alan; Newman, Heather (2025-11-13). "Most Trusted Companies in America". Forbes. Retrieved 2026-03-02.{{cite web}}: CS1 maint: url-status (link)
  49. ^ "Magic Quadrant for AI-Augmented Software Testing Tools". Gartner. Retrieved 2026-03-02.
  50. ^ CunninghamEditor-in-Chief, Jennifer H. (2025-12-03). "America's Most Responsible Companies 2026". Newsweek. Retrieved 2026-03-02.
  51. ^ Cunningham, Jennifer H. (2025-10-23). "America's Greenest Companies 2026". Newsweek. Retrieved 2026-03-02.
[edit]
  • Official website
  • Business data for Keysight Technologies:
  • Top 12 public test and measurement companies by revenue
  • New Keysight CEO kicks electronic measurement company into overdrive Archived 2015-02-27 at the Wayback Machine
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