Keysight Technologies, Inc. Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>Keysight Technologies filed its quarterly report (10-Q) for the period ending January 31, 2024, detailing financial performance and corporate information.</b>

AI Summary

Keysight Technologies, Inc. (KEYS) filed a Quarterly Report (10-Q) with the SEC on March 5, 2024. Keysight Technologies reported financial results for the period ending January 31, 2024. The filing is a 10-Q, indicating a quarterly report. The company's fiscal year ends on October 31. Key dates include the filing date of March 5, 2024, and the reporting period from November 1, 2023, to January 31, 2024. The company is incorporated in Delaware.

Why It Matters

For investors and stakeholders tracking Keysight Technologies, Inc., this filing contains several important signals. This 10-Q filing provides investors with an update on Keysight Technologies' financial health and operational performance during the first quarter of their fiscal year. Understanding the details within this report is crucial for assessing the company's current trajectory, identifying potential risks, and making informed investment decisions.

Risk Assessment

Risk Level: low — Keysight Technologies, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant negative disclosures.

Analyst Insight

Review the detailed financial statements and segment performance within the 10-Q to understand revenue drivers and profitability trends.

Key Numbers

• 2024-01-31 — Reporting Period End Date (Conformed period of report)
• 2024-03-05 — Filing Date (Filed as of date)
• 1031 — Fiscal Year End (Fiscal year end)

Key Players & Entities

• Keysight Technologies, Inc. (company) — Filer name
• KEYS (company) — Ticker symbol
• 10-Q (filing) — Form type
• 2024-01-31 (date) — Conformed period of report
• 2024-03-05 (date) — Filed as of date
• 1400 FOUNTAINGROVE PARKWAY (address) — Business address
• SANTA ROSA (location) — Business address city
• DE (location) — State of incorporation

FAQ

Industry Context

Keysight Technologies operates in the industrial instruments sector, focusing on measurement, display, and control technologies.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring regular reporting of financial information.

What Investors Should Do

1. Analyze the revenue breakdown by product and service segments for the reported quarter.
2. Examine changes in retained earnings and other equity components from the previous reporting periods.
3. Verify the company's address and incorporation details for accuracy.

Key Dates

• 2024-01-31: Period End Date — End of the reporting quarter
• 2024-03-05: Filing Date — Date the 10-Q was officially filed with the SEC

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, providing an initial look at the company's performance for the period ending January 31, 2024.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share KEYS New York Stock Exchange

Filing Documents

• keys-20240131.htm (10-Q) — 1492KB
• keys-01312024xex311.htm (EX-31.1) — 12KB
• keys-01312024xex312.htm (EX-31.2) — 12KB
• keys-01312024xex321.htm (EX-32.1) — 6KB
• keys-01312024xex322.htm (EX-32.2) — 6KB
• 0001601046-24-000005.txt (&nbsp;) — 9377KB
• keys-20240131.xsd (EX-101.SCH) — 53KB
• keys-20240131_cal.xml (EX-101.CAL) — 75KB
• keys-20240131_def.xml (EX-101.DEF) — 367KB
• keys-20240131_lab.xml (EX-101.LAB) — 870KB
• keys-20240131_pre.xml (EX-101.PRE) — 608KB
• keys-20240131_htm.xml (XML) — 1493KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.

Controls and Procedures

Controls and Procedures 34 Part II. Other Information 34 Item 1.

Legal Proceedings

Legal Proceedings 34 Item 1A.

Risk Factors

Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49 Item 5. Other Information 49 Item 6. Exhibits 50

Signatures

Signatures 51 2 Table of Contents

. FINANCIAL INFORMATION

PART I . FINANCIAL INFORMATION

Condensed Consolidated Financial Statements (Unaudited)

Item 1. Condensed Consolidated Financial Statements (Unaudited) KEYSIGHT TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (in millions, except per share data) (Unaudited) Three Months Ended January 31, 2024 2023 Revenue: Products $ 952 $ 1,114 Services and other 307 267 Total revenue 1,259 1,381 Costs and expenses: Cost of products 351 405 Cost of services and other 95 93 Total costs 446 498 Research and development 232 227 Selling, general and administrative 362 338 Other operating expense (income), net ( 2 ) ( 4 ) Total costs and expenses 1,038 1,059 Income from operations 221 322 Interest income 23 19 Interest expense ( 20 ) ( 19 ) Other income (expense), net 5 9 Income before taxes 229 331 Provision for income taxes 57 71 Net income $ 172 $ 260 Net income per share: Basic $ 0.98 $ 1.46 Diluted $ 0.98 $ 1.45 Weighted average shares used in computing net income per share: Basic 175 178 Diluted 176 180 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Table of Contents KEYSIGHT TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Three Months Ended January 31, 2024 2023 Net income $ 172 $ 260 Other comprehensive income (loss): Gain (loss) on derivative instruments, net of tax benefit (expense) of $ 1 and $ 6 ( 2 ) ( 21 ) Amounts reclassified into earnings related to derivative instruments, net of tax benefit (expense) of zero ( 2 ) ( 2 ) Foreign currency translation, net of tax benefit (expense) of zero 27 81 Net defined benefit pension cost and post-retirement plan costs: Change in net actuarial loss, net of tax expense of $ 1 and $ 1 1 5 Other comprehensive income (loss) 24 63 Total comprehensive income $ 196 $ 323 The accompanying notes are an integral part of these condensed consolidated financial statements. 4 Table of Contents KEYSIGHT TECHNOLOGIES, INC. CONDENSED CONSOLI

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