8-KEarnings & ResultsExhibits & Filings

Keysight Technologies, Inc. 8-K Report, Financial Results (May 29, 2019)

Filed May 29, 2019For Securities:KEYS

Summary

Keysight Technologies, Inc. (KEYS) has filed an 8-K report on May 29, 2019, to announce its financial results for the second fiscal quarter ended April 30, 2019. The report primarily contains a press release detailing these results and also explains the company's use of non-GAAP financial measures. Investors should note that the company utilizes non-GAAP figures to provide a clearer view of its operational performance and core financial results, excluding items such as amortization, share-based compensation, acquisition costs, and restructuring expenses. The company emphasizes that these non-GAAP measures are intended to supplement, not replace, GAAP reporting, and are used by management for internal comparisons, competitor analysis, and investor guidance. While providing additional transparency, investors are cautioned that these non-GAAP figures may differ from those reported by other companies. The full details of the financial results and the reconciliation between GAAP and non-GAAP measures are available in Exhibit 99.1 attached to this filing.

Key Highlights

  • 1Keysight Technologies announced its financial results for the second fiscal quarter ended April 30, 2019.
  • 2The 8-K filing includes a press release (Exhibit 99.1) containing the detailed financial results.
  • 3The company provides and explains its use of non-GAAP financial information to offer supplemental insights into operational performance.
  • 4Non-GAAP measures exclude items like amortization, share-based compensation, acquisition costs, and restructuring costs.
  • 5Management uses non-GAAP metrics for internal performance assessment, competitor benchmarking, and investor guidance.
  • 6Investors are advised that non-GAAP information is not a substitute for GAAP and may differ from other companies' non-GAAP reporting.
  • 7The filing serves as a notification of the results announcement and provides access to the detailed press release.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Keysight Technologies' financial results for the second fiscal quarter ended April 30, 2019, and to provide investors with access to the press release containing these results.

Keysight provides non-GAAP financial information as a supplemental measure to enhance investors' understanding of its operational performance and core financial results. Management believes these measures offer a clearer view of the company's ongoing performance by excluding certain expenses that may fluctuate or are not indicative of core operations.

Keysight's non-GAAP financial results exclude items such as amortization of acquisition-related balances, share-based compensation, acquisition and integration costs, restructuring and related costs, and other expenses that may have a material effect on GAAP results but are not considered part of ongoing operating performance.

The specific financial results for the second fiscal quarter ended April 30, 2019, are detailed in the press release attached as Exhibit 99.1 to this 8-K filing. The company also provides explanations of its non-GAAP measures within this exhibit.