8-KEarnings & ResultsExhibits & Filings

Keysight Technologies, Inc. 8-K Report, Financial Results (Feb 20, 2024)

Filed February 20, 2024For Securities:KEYS

Summary

Keysight Technologies, Inc. (KEYS) filed an 8-K on February 20, 2024, to announce its financial results for the first fiscal quarter ended January 31, 2024. The filing primarily serves to attach the press release detailing these results, which includes both GAAP and non-GAAP financial information. The company emphasizes its use of non-GAAP measures to offer investors a clearer view of operational performance and future prospects, allowing for better comparison with historical results and competitors. While not a substitute for GAAP, these non-GAAP figures are used by management for internal decision-making and exclude items like acquisition-related amortization, share-based compensation, and restructuring costs to highlight core operational profitability.

Key Highlights

  • 1Keysight Technologies announced its Q1 fiscal year 2024 financial results via an 8-K filing on February 20, 2024.
  • 2The filing includes a press release with detailed Q1 FY24 financial results, presented on both a GAAP and non-GAAP basis.
  • 3The company utilizes non-GAAP financial information to provide supplemental insights into operational performance and future outlook.
  • 4Non-GAAP measures are employed by management to assess core financial performance and facilitate comparisons.
  • 5Excluded from non-GAAP figures are items such as amortization, share-based compensation, acquisition costs, and restructuring expenses.
  • 6The non-GAAP reporting aims to offer investors a view of financial performance aligned with management's internal assessments.
  • 7The press release (Exhibit 99.1) is the primary source of the detailed financial results and operational commentary.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce Keysight Technologies' financial results for the first fiscal quarter ended January 31, 2024. It includes the press release detailing these results, providing investors with key financial and operational information.

Keysight provides non-GAAP financial information to offer investors a more meaningful view of its operational performance and future prospects. Management uses these non-GAAP measures to assess core financial performance, make internal comparisons, and benchmark against competitors, excluding certain items to highlight ongoing operational profitability.

Keysight's non-GAAP financial results exclude items such as amortization of acquisition-related balances, share-based compensation, acquisition and integration costs, restructuring costs, and other one-time adjustments that may have a material effect on GAAP results. The company uses these exclusions to present a view of its ongoing operating performance.

The detailed financial results for Keysight's first fiscal quarter ended January 31, 2024, are available in the press release attached as Exhibit 99.1 to this 8-K filing.