What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to formally report Keysight Technologies' financial results for the second fiscal quarter ended April 30, 2021, through an accompanying press release (Exhibit 99.1).

Where can I find the actual financial numbers for the quarter?

The specific financial results, including revenue, earnings per share (GAAP and non-GAAP), and segment performance, are detailed in the press release attached as Exhibit 99.1 to this 8-K filing.

Why does Keysight provide non-GAAP financial information?

Keysight provides non-GAAP financial information to offer investors a more meaningful understanding of its operational performance and future prospects, as viewed by management. This allows for better comparisons to historical results and competitors by excluding certain non-operational or non-recurring items.

What types of expenses are excluded from Keysight's non-GAAP results?

Keysight's non-GAAP financial measures typically exclude items such as amortization of acquisition-related balances, share-based compensation, acquisition and integration costs, and restructuring costs, among others. These are items that management does not use to measure the ongoing operating performance of the company.

KEYS 8-K: Earnings & Results

Summary

Keysight Technologies, Inc. (KEYS) filed an 8-K on May 19, 2021, to report its financial results for the second fiscal quarter ended April 30, 2021. The filing primarily consists of a press release (Exhibit 99.1) detailing these results. Keysight emphasizes its use of non-GAAP financial measures to provide investors with a clearer view of the company's operational performance and future prospects, as assessed by management. While the 8-K itself does not contain the specific financial figures, it signifies that the company has publicly shared its quarterly earnings. Investors should refer to Exhibit 99.1 for detailed financial performance metrics, including revenue, earnings per share (both GAAP and non-GAAP), and segment performance. The company's rationale for providing non-GAAP information is to offer a more transparent look at core ongoing operations by excluding items such as amortization, share-based compensation, and acquisition-related costs, which management uses internally for performance assessment and comparisons.

Key Highlights

1Keysight Technologies reported its financial results for the second fiscal quarter ended April 30, 2021, via an 8-K filing.
2The primary content of the filing is a press release (Exhibit 99.1) containing the detailed financial results.
3The company utilizes and explains its use of non-GAAP financial measures for investor transparency.
4Non-GAAP measures are provided to offer a view of operational performance and future prospects as seen by management.
5Exclusions from GAAP in non-GAAP reporting include amortization, share-based compensation, and acquisition costs.
6Investors are directed to Exhibit 99.1 for specific financial performance data and segment information.

Keysight Technologies, Inc. 8-K Report, Financial Results (May 19, 2021)

Summary

Key Highlights

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