Every material Form 8-K Keysight Technologies filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Keysight reported fourth-quarter fiscal 2024 revenue of $1.29 billion, down from $1.31 billion a year earlier, and a GAAP net loss of $73 million, or $0.42 per share, driven by a $315 million tax expense tied to a new Singapore tax incentive. Non-GAAP earnings per share fell to $1.65 from $1.99, and the company guided first-quarter fiscal 2025 revenue to $1.265 billion to $1.285 billion, which matters to shareholders because the charge reduced GAAP results while revenue and adjusted earnings declined.
Q4 revenue was $1.29 billion versus $1.31 billion a year earlier; GAAP net loss was $73 million, or $0.42 per share, compared with net income of $226 million, or $1.28 per share.
Non-GAAP net income was $288 million, or $1.65 per share, compared with $352 million, or $1.99 per share, in the fourth quarter of 2023.
Fiscal 2024 revenue was $4.98 billion versus $5.46 billion; GAAP net income was $0.61 billion, or $3.51 per share.
First-quarter fiscal 2025 outlook: revenue of $1.265 billion to $1.285 billion and non-GAAP earnings per share of $1.65 to $1.71.
Keysight Technologies disclosed that Mark Wallace, its Senior Vice President and Chief Customer Officer, intends to retire by the end of May 2025. The filing says he is retiring for personal reasons and not because of any disagreement with the company, and it does not name a successor.
Mark Wallace intends to retire from Keysight by the end of May 2025, announced November 4, 2024.
Wallace has served as Chief Customer Officer since September 2022.
He previously served as Senior Vice President of Worldwide Sales since November 2016.
The filing states the retirement is for personal reasons and not due to any disagreement with the company.
Keysight reported fiscal third-quarter 2024 results for the period ended July 31, 2024, with revenue of $1.22 billion, down 12% from $1.38 billion a year earlier. GAAP net income rose to $389 million, or $2.22 per share, which includes a 94-cent year-to-date benefit from a change in effective tax rate, while non-GAAP net income fell to $275 million, or $1.57 per share, from $393 million. The company expects fourth-quarter revenue of $1.245 billion to $1.265 billion.
Revenue of $1.22 billion versus $1.38 billion in Q3 2023; Communications Solutions Group down 8% and Electronic Industrial Solutions Group down 20%
GAAP diluted EPS of $2.22 versus $1.61; includes a 94-cent year-to-date benefit from a change in effective tax rate
Non-GAAP EPS of $1.57 versus $2.19; fourth-quarter fiscal 2024 non-GAAP EPS guidance of $1.53 to $1.59
Keysight reported second-quarter fiscal 2024 revenue of $1.22 billion, down from $1.39 billion a year earlier, and GAAP diluted EPS of $0.72 versus $1.58. The company said results were above the high end of its guidance and left its full-year outlook unchanged, while its third-quarter guidance calls for revenue of $1.18 billion to $1.20 billion and non-GAAP EPS of $1.30 to $1.36.
Q2 revenue was $1.22 billion, down 13% from $1.39 billion in Q2 2023.
GAAP net income was $126 million, or $0.72 per diluted share, versus $283 million, or $1.58, a year earlier.
Non-GAAP EPS was $1.41, compared with $2.12 in Q2 2023.
Q3 fiscal 2024 guidance: revenue of $1.18 billion to $1.20 billion and non-GAAP EPS of $1.30 to $1.36.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Keysight Technologies filing is on SEC EDGAR ↗. 8-K briefs of other companies →