Keysight Technologies 10-Q Filing: Financial Performance Update

TL;DR

Keysight's Q3 2024 10-Q is in, showing segment performance and retained earnings. Fiscal year ends Oct 31.

AI Summary

Keysight Technologies, Inc. filed a 10-Q for the period ending July 31, 2024. The filing details financial performance across product and service segments, with specific figures for revenue and retained earnings for various quarterly and year-to-date periods. The company's fiscal year ends on October 31st.

Why It Matters

This filing provides investors with a detailed look at Keysight's financial health and operational performance during the third quarter of their fiscal year, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not contain immediate, significant negative news.

Key Numbers

• N/A — Revenue (Specific revenue figures are not provided in the header data.)
• N/A — Net Income (Specific net income figures are not provided in the header data.)
• N/A — Earnings Per Share (Specific EPS figures are not provided in the header data.)

Key Players & Entities

• Keysight Technologies, Inc. (company) — Filer of the 10-Q
• 2024-07-31 (date) — End of the reporting period
• 2024-10-31 (date) — Fiscal year end

FAQ

Key Financial Figures

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

Filing Documents

• keys-20240731.htm (10-Q) — 1985KB
• keys-07312024xex101.htm (EX-10.1) — 46KB
• keys-07312024xex102.htm (EX-10.2) — 177KB
• keys-07312024xex103.htm (EX-10.3) — 105KB
• keys-07312024xex311.htm (EX-31.1) — 12KB
• keys-07312024xex312.htm (EX-31.2) — 12KB
• keys-07312024xex321.htm (EX-32.1) — 6KB
• keys-07312024xex322.htm (EX-32.2) — 6KB
• 0001601046-24-000061.txt ( ) — 11456KB
• keys-20240731.xsd (EX-101.SCH) — 54KB
• keys-20240731_cal.xml (EX-101.CAL) — 76KB
• keys-20240731_def.xml (EX-101.DEF) — 412KB
• keys-20240731_lab.xml (EX-101.LAB) — 815KB
• keys-20240731_pre.xml (EX-101.PRE) — 647KB
• keys-20240731_htm.xml (XML) — 2010KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 37 Item 4.

Controls and Procedures

Controls and Procedures 38 Part II. Other Information 38 Item 1.

Legal Proceedings

Legal Proceedings 38 Item 1A.

Risk Factors

Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 53 Item 5. Other Information 53 Item 6. Exhibits 54

Signatures

Signatures 55 2 Table o f 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 Nine Months Ended July 31, July 31, 2024 2023 2024 2023 Revenue: Products $ 900 $ 1,099 $ 2,761 $ 3,321 Services and other 317 283 931 832 Total revenue 1,217 1,382 3,692 4,153 Costs and expenses: Cost of products 360 391 1,069 1,180 Cost of services and other 102 95 292 285 Total costs 462 486 1,361 1,465 Research and development 226 215 686 664 Selling, general and administrative 329 319 1,052 994 Other operating expense (income), net ( 5 ) ( 3 ) ( 10 ) ( 11 ) Total costs and expenses 1,012 1,017 3,089 3,112 Income from operations 205 365 603 1,041 Interest income 19 29 60 70 Interest expense ( 21 ) ( 19 ) ( 61 ) ( 58 ) Other income (expense), net 10 14 15 28 Income before taxes 213 389 617 1,081 Provision (benefit) for income taxes ( 176 ) 101 ( 70 ) 250 Net income $ 389 $ 288 $ 687 $ 831 Net income per share: Basic $ 2.23 $ 1.62 $ 3.94 $ 4.66 Diluted $ 2.22 $ 1.61 $ 3.92 $ 4.63 Weighted average shares used in computing net income per share: Basic 174 178 174 178 Diluted 175 179 175 179 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Table o f Contents KEYSIGHT TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Three Months Ended Nine Months Ended July 31, July 31, 2024 2023 2024 2023 Net income $ 389 $ 288 $ 687 $ 831 Other comprehensive income (loss): Gain (loss) on derivative instruments, net of tax benefit (expense) of zero , $( 1 ), zero and $ 5 — 2 1 ( 18 ) Amounts reclassified into earnings related to derivative instruments, net of tax benefit (expense) of zero , $ 1 , $ 1 and $ 1 ( 3 ) — ( 7 ) ( 3 ) Foreign currency translation, net of tax benefit (expense) of zero 32 ( 9 ) 27 61 Net defined

View Full Filing

View this 10-Q filing on SEC EDGAR