8-KEarnings & ResultsExhibits & Filings

Keysight Technologies, Inc. 8-K Report, Financial Results (Nov 26, 2019)

Filed November 26, 2019For Securities:KEYS

Summary

Keysight Technologies, Inc. (KEYS) filed an 8-K on November 26, 2019, to report its financial results for the fourth fiscal quarter ended October 31, 2019. The filing primarily consists of a press release (Exhibit 99.1) detailing these results, which the company presents using both GAAP and non-GAAP measures. Keysight emphasizes that its non-GAAP financial information is provided to offer a more insightful view of its operational performance and core financial health, as assessed by management. This non-GAAP data excludes items like amortization of acquisition-related balances, share-based compensation, and acquisition costs, among others, which are considered to have a material impact on GAAP-based income. Investors are advised to review the non-GAAP reconciliation provided in the exhibit for a complete understanding of the company's financial picture.

Key Highlights

  • 1Keysight Technologies announced financial results for its fourth fiscal quarter ended October 31, 2019, via an 8-K filing.
  • 2The company utilizes both GAAP and non-GAAP financial metrics to present its performance.
  • 3Non-GAAP information is provided to enhance investor understanding of core operational performance and future prospects.
  • 4Key excluded items in non-GAAP reporting include amortization of acquisition-related balances, share-based compensation, and acquisition/integration costs.
  • 5Management uses non-GAAP measures for internal performance comparisons, competitor analysis, and investor guidance.
  • 6The non-GAAP information may differ from that reported by other companies.
  • 7Exhibit 99.1 contains the full press release with detailed financial results and non-GAAP explanations.

Frequently Asked Questions

This 8-K filing is primarily to announce Keysight Technologies' financial results for the fourth fiscal quarter ended October 31, 2019, as detailed in an accompanying press release (Exhibit 99.1).

Keysight provides non-GAAP financial information to offer a supplemental view of its operational performance and core financial health, as measured by management. They believe this allows investors to better understand the company's performance 'through the eyes of management' and facilitates comparisons.

Keysight excludes items such as amortization of acquisition-related balances, share-based compensation, acquisition and integration costs, goodwill impairment, restructuring costs, and Northern California wildfire-related costs from its non-GAAP financial results. A full explanation is available in Exhibit 99.1.

Keysight states that the non-GAAP information it provides may differ from the non-GAAP information presented by other companies. Investors should review the specific definitions and reconciliations provided in Exhibit 99.1.