8-KEarnings & ResultsExhibits & Filings

Keysight Technologies, Inc. 8-K Report, Financial Results (Feb 21, 2023)

Filed February 21, 2023For Securities:KEYS

Summary

Keysight Technologies, Inc. (KEYS) filed an 8-K on February 21, 2023, to report its financial results for the first fiscal quarter ended January 31, 2023. The filing primarily directs investors to a press release (Exhibit 99.1) containing these results. The company emphasizes its use of non-GAAP financial measures to offer a clearer view of operational performance and facilitate comparisons with historical results and guidance, stating these measures exclude items like amortization, share-based compensation, and acquisition costs. While the 8-K itself does not contain the specific financial figures, it signals that Keysight's management believes its core financial performance, as presented through their non-GAAP lens, is crucial for investors to understand its ongoing operational health and future prospects. Investors should carefully review the accompanying press release for detailed financial performance metrics, segment results, and any forward-looking guidance provided by the company.

Key Highlights

  • 1Keysight Technologies reported its Q1 fiscal 2023 financial results on February 21, 2023, via an 8-K filing.
  • 2The primary disclosure for financial results is contained within the furnished press release (Exhibit 99.1).
  • 3The company utilizes non-GAAP financial measures to provide supplemental insights into operational performance.
  • 4Non-GAAP measures are intended to enhance investor understanding of core financial performance and future prospects.
  • 5Management uses non-GAAP metrics for internal performance comparisons and to align with investor guidance.
  • 6Key exclusions in non-GAAP reporting include amortization, share-based compensation, and acquisition/integration costs.
  • 7The 8-K filing itself serves as a notification of the earnings release, with detailed data residing in the attached exhibit.

Frequently Asked Questions

Keysight's Q1 fiscal 2023 financial results are detailed in the press release filed as Exhibit 99.1 to this 8-K filing dated February 21, 2023.

Keysight uses non-GAAP financial measures to provide a more meaningful view of its operational performance and to help investors better understand the company's core financial performance and future prospects. These measures exclude certain items that management believes do not reflect the company's ongoing operational performance, such as amortization, share-based compensation, and acquisition-related costs.

The filing states that the non-GAAP information provided by Keysight may be different from the non-GAAP information provided by other companies. Investors should review the specific definitions and reconciliations provided in the press release (Exhibit 99.1) for clarity.

This 8-K filing primarily serves to officially announce Keysight's Q1 fiscal 2023 financial results and make the accompanying press release publicly available through an SEC filing. The detailed financial data and analysis are within the press release itself, not within the main body of the 8-K.