Keysight Technologies reported $616M of remaining performance obligations at 31 Jul 2026, up 16% from a year earlier and down 7% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
Net new backlog added in the latest quarter: -$44.0M.
The company reports 21% of the backlog due within the first 6 months.
Customer prepayments (contract liabilities) cover 155.4% of the backlog.
Twelve-month book-to-bill: 1.01, i.e. 1.01 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -9 points — revenue is catching up with orders.
By backlog size it ranks 289th among US filers the cockpit tracks.
Keysight Technologies backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
31 Jul 2026
$616M
$6.58B
0.1 yrs
$957M
30 Apr 2026
$660M
$6.09B
0.1 yrs
$988M
31 Jan 2026
$663M
$5.68B
0.1 yrs
$966M
31 Oct 2025
$629M
$5.38B
0.1 yrs
$884M
31 Jul 2025
$529M
$5.24B
0.1 yrs
$765M
30 Apr 2025
$557M
$5.11B
0.1 yrs
$830M
31 Jan 2025
$550M
$5.02B
0.1 yrs
$803M
31 Oct 2024
$576M
$4.98B
0.1 yrs
$767M
31 Jul 2024
$570M
$5.00B
0.1 yrs
$744M
30 Apr 2024
$580M
$5.17B
0.1 yrs
$789M
31 Jan 2024
$604M
$5.34B
0.1 yrs
$805M
31 Oct 2023
$581M
$5.46B
0.1 yrs
$757M
Questions
What is Keysight Technologies's backlog?
Keysight Technologies reported $616M of remaining performance obligations at 31 Jul 2026, up 16% from a year earlier and down 7% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.