8-KEarnings & ResultsExhibits & Filings

Keysight Technologies, Inc. 8-K Report, Financial Results (May 30, 2018)

Filed May 30, 2018For Securities:KEYS

Summary

Keysight Technologies, Inc. (KEYS) filed an 8-K on May 30, 2018, to announce its financial results for the second fiscal quarter ended April 30, 2018. The report primarily consists of a press release (Exhibit 99.1) detailing these results and providing non-GAAP financial information to offer a clearer view of the company's operational performance as seen by management. Investors should note that the company emphasizes the use of non-GAAP measures to provide supplemental insights into core financial performance and future prospects. These non-GAAP figures exclude items such as share-based compensation, restructuring costs, and acquisition-related expenses, among others, which may materially impact GAAP results. While these excluded items are monitored by management, they are not used to assess ongoing operational performance, offering investors a management-centric perspective alongside standard GAAP reporting.

Key Highlights

  • 1Keysight Technologies announced its financial results for the second fiscal quarter ended April 30, 2018.
  • 2The company is providing non-GAAP financial information to enhance investor understanding of operational performance.
  • 3Non-GAAP measures are used by management to assess core financial performance and future prospects.
  • 4Excluded from non-GAAP results are items such as share-based compensation, restructuring costs, and acquisition-related expenses.
  • 5Management monitors excluded items for expense alignment and GAAP result accuracy.
  • 6The non-GAAP information provided may differ from that of other companies.
  • 7The full press release with detailed financial results is attached as Exhibit 99.1.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Keysight Technologies' financial results for the second fiscal quarter ended April 30, 2018, through an accompanying press release (Exhibit 99.1).

Keysight provides non-GAAP financial information to offer a more insightful view of its operational performance and core financial results, as assessed by management. This supplemental information is intended to enhance investors' understanding of the company's performance and future outlook.

Keysight excludes several items from its non-GAAP financial measures, including but not limited to: share-based compensation, restructuring and related costs, separation and related costs, acquisition and integration costs, amortization of acquisition-related balances, pension curtailment and settlement gains, and Northern California wildfire related costs.

Investors should view the non-GAAP financial information as a supplementary measure used by management to evaluate the company's ongoing operating performance. It's important to compare this non-GAAP data alongside the company's GAAP results and to be aware that Keysight's non-GAAP presentation may differ from that of other companies.