8-KEarnings & ResultsExhibits & Filings

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

Filed May 20, 2024For Securities:KEYS

Summary

Keysight Technologies, Inc. (KEYS) filed an 8-K on May 20, 2024, to report its financial results for the second fiscal quarter ended April 30, 2024. The filing primarily consists of a press release (Exhibit 99.1) detailing these results. The company emphasizes its use of non-GAAP financial measures to provide supplemental insights into operational performance and future prospects, aiming to offer investors a view aligned with management's internal performance evaluation. While the 8-K itself doesn't provide the specific financial figures, it directs investors to the furnished press release for detailed earnings, revenue, and profitability metrics. The company's rationale for presenting non-GAAP figures is to offer a clearer understanding of core operational performance by excluding items like amortization, share-based compensation, and acquisition-related costs, which can fluctuate and may not reflect ongoing business trends. Investors should refer to Exhibit 99.1 for the actual financial performance data and management's commentary.

Key Highlights

  • 1Keysight Technologies, Inc. (KEYS) filed an 8-K on May 20, 2024, to announce Q2 fiscal 2024 financial results.
  • 2The core of the filing is Exhibit 99.1, a press release detailing the financial performance.
  • 3Keysight utilizes and emphasizes non-GAAP financial measures for reporting, alongside GAAP figures.
  • 4Non-GAAP measures are presented to offer a more insightful view of core operational performance and future prospects.
  • 5The company explains its rationale for non-GAAP reporting, aiming for enhanced investor understanding of management's perspective.
  • 6Excluded items from non-GAAP calculations include amortization, share-based compensation, and acquisition costs.
  • 7Investors are directed to Exhibit 99.1 for specific financial results and detailed explanations of non-GAAP metrics.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and provide Keysight Technologies, Inc.'s financial results for the second fiscal quarter ended April 30, 2024. It includes a press release with these results.

Keysight provides non-GAAP financial information to offer supplemental insights into their operational performance and to enhance investors' understanding of their core current financial performance and future prospects. They believe this view aligns with how management assesses the company's performance.

Keysight excludes items such as amortization of acquisition-related balances, share-based compensation, acquisition and integration costs, and restructuring costs, as well as other one-time adjustments that may materially affect expenses and income from operations calculated in accordance with GAAP.

The specific financial results, including revenue, earnings, and other key metrics for the second fiscal quarter ended April 30, 2024, are detailed in Exhibit 99.1, which is the press release furnished with this 8-K filing.