8-KEarnings & ResultsExhibits & Filings

Keysight Technologies, Inc. 8-K Report, Financial Results (Feb 18, 2021)

Filed February 18, 2021For Securities:KEYS

Summary

Keysight Technologies, Inc. (KEYS) filed an 8-K on February 18, 2021, to announce its financial results for the first fiscal quarter ended January 31, 2021. The filing includes a press release (Exhibit 99.1) detailing these results and provides a comprehensive explanation of the company's use of non-GAAP financial measures. These non-GAAP measures are presented to offer investors a clearer view of operational performance and management's perspective on the company's core financial health and future outlook, excluding items like amortization, share-based compensation, and acquisition-related costs. The press release is the primary source of detailed financial performance for the quarter. Investors should focus on the reported revenue, earnings per share (both GAAP and non-GAAP), and any forward-looking guidance provided in Exhibit 99.1. The company emphasizes that its non-GAAP reporting offers supplemental insights and may differ from how other companies present similar metrics. The filing also includes necessary XBRL exhibits for data interaction.

Key Highlights

  • 1Keysight Technologies reported its Q1 fiscal year 2021 financial results on February 18, 2021, via an 8-K filing.
  • 2The primary information is contained within the press release attached as Exhibit 99.1.
  • 3The company provided an explanation of its use of non-GAAP financial measures, stating they offer supplemental insights into operational performance and management's view.
  • 4Non-GAAP measures exclude items such as amortization, share-based compensation, acquisition and integration costs, and restructuring costs.
  • 5Investors are encouraged to review the non-GAAP data alongside GAAP results for a comprehensive understanding.
  • 6The filing also includes XBRL exhibits for interactive data reporting.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Keysight Technologies' financial results for the first fiscal quarter ended January 31, 2021, as detailed in the press release (Exhibit 99.1).

Keysight uses non-GAAP financial measures to provide supplemental information that management believes enhances investors' understanding of the company's core operational performance and future prospects. These measures exclude certain items that are not considered reflective of ongoing operating performance, such as amortization of acquisition-related balances and share-based compensation.

The detailed financial results for the first fiscal quarter ended January 31, 2021, are provided in the press release attached as Exhibit 99.1 to this 8-K filing.

Keysight states that the non-GAAP information they provide may be different from the non-GAAP information provided by other companies. Investors should review the specific exclusions and explanations provided by Keysight.