Added10-Q 2026-09-02 vs 10-K 2025-12-17
• order delays or cancellations arising out of supply chain disruptions or manufacturing capacity constraints;
KEYSKeysight Technologies
- Employees
- 16,800
- Headquarters
- Santa Rosa, CA
- CEO
- Satish Dhanasekaran
- Next results
- around Nov 23, 2026
8 paragraphs in Risk Factors of the 10-K filed Dec 17, 2025 with nothing like them in the 10-K filed Dec 17, 2024. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 74 Technology companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
•uncertainty regarding the U.S. government’s announced tariffs, potential changes to existing tariffs and whether additional tariffs may be imposed, modified or suspended;
Read in the 10-K ↗
There have been recent and ongoing changes to U.S. tariff policy, resulting in broad-based increases in tariff rates. Commencing in the second quarter of fiscal 2025, new U.S. tariffs applying to imports from all countries were announced, including significantly higher rates on imports from China. In response, several countries, including China, have imposed or threatened to impose retaliatory measures on imports from the U.S. The U.S. government has announced various modifications and delays to its tariff policy and further changes may be made in the future. There has also been continuing litigation in the federal courts regarding the validity of the imposition of certain tariffs.
Read in the 10-K ↗
If the U.S.’ relationship with countries subject to increased tariffs results in additional trade disputes, trade protection measures, retaliatory actions and increased barriers, policies that favor domestic industries, or increased import or export licensing requirements or restrictions, we could suffer additional unforeseen adverse effects on our operating results and financial condition.
Read in the 10-K ↗
efficiencies and could impact our results of operations and stock price. Much of our outsourcing takes place in developing countries and, as a result, may be subject to heightened geopolitical uncertainty.
Read in the 10-K ↗
On January 23, 2025, we filed a lawsuit against the United States of America in the United States Court of Federal Claims seeking a tax refund of $107 million, or such greater amount allowed by law, plus any other amount, including interest and cost, allowed by law. We intend to vigorously defend our position. The outcome cannot be predicted with certainty. If we are ultimately unsuccessful in defending our refund claim, we will be required to reverse the benefit previously recorded, most likely resulting in a material increase in the effective tax rate and income tax liability.
Read in the 10-K ↗
disruption and significant unexpected expense, delays in or inability to develop, manufacture and ship products and solutions, customer dissatisfaction, loss of revenue and damage to our reputation.
Read in the 10-K ↗
We continue to evaluate and, where appropriate, integrate AI technologies into our product offerings and internal operations to enhance innovation, efficiency, and customer value. While AI presents opportunities for advancement, its adoption also introduces a range of risks that could adversely impact our business, financial condition, and results of operations. These risks include, but are not limited to, competitive disadvantages if peers more effectively leverage AI to accelerate innovation, product development, or operational performance. The use of AI may also expose us to legal, regulatory, and reputational risks, particularly in jurisdictions with evolving or inconsistent regulatory frameworks governing AI, data privacy, and cybersecurity. Additionally, the deployment of AI tools, whether by us or by customers using our AI-enabled solutions may result in unintended consequences such as biased or inaccurate outputs, loss or compromise of confidential information or intellectual property, and challenges in asserting or defending intellectual property rights. These risks may be amplified by increasing regulatory scrutiny and potential compliance obligations, which could result in increased costs or limitations on our ability to deploy AI technologies. There can be no assurance that our use of AI will yield the anticipated benefits or that we will be able to effectively mitigate the associated risks.
Read in the 10-K ↗
In January 2025, the U.S. government issued executive orders prohibiting illegal Diversity, Equity and Inclusion (“DEI”) programs, policies and activities, and has increased scrutiny of companies’ DEI initiatives. Keysight has long had a policy of providing equal employment opportunity for all employees. Although we believe that our policies and programs comply with the law in all jurisdictions in which we operate, there can be no assurance that the current administration in the U.S. will not deem certain company policies and programs to be illegal DEI. Such a determination could result in extended investigations, litigation, fines, penalties, and damage to our reputation or brand and could adversely affect our operations and our business results.
Read in the 10-K ↗
New in the latest 10-Q
14 paragraphs in the 10-Q filed Sep 2, 2026 with nothing like them in the 10-Q filed Jun 4, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Overview. Keysight Technologies, Inc. (“we,” “us,” “our,” “Keysight” or “the company”), incorporated in Delaware on December 6, 2013, serves technology innovators as a mission-critical design enablement partner for the world’s most complex engineering challenges. By connecting market-leading design, emulation, and test solutions across the full lifecycle, Keysight helps engineering teams accelerate innovation, reduce risk, and bring new technologies to market on ever-shorter schedules. Customers across artificial intelligence infrastructure, communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics rely on Keysight to bridge virtual design and physical reality, enabling confident decisions earlier.
Read in the 10-Q ↗
the three months ended July 31, 2026 and 2025, respectively, and $ 7 million and $ 8 million during the nine months ended July 31, 2026 and 2025, respectively.
Read in the 10-Q ↗
(a) Segment expenses include depreciation expense disclosed separately below the table.
Read in the 10-Q ↗
6, 2013, serves technology innovators as a mission-critical design enablement partner for the world’s most complex engineering challenges. By connecting market-leading design, emulation, and test solutions across the full lifecycle, Keysight helps engineering teams accelerate innovation, reduce risk, and bring new technologies to market on ever-shorter schedules. Customers across artificial intelligence (“AI”) infrastructure, communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics rely on Keysight to bridge virtual design and physical reality, enabling confident decisions earlier.
Read in the 10-Q ↗
Risk Factors
• order delays or cancellations arising out of supply chain disruptions or manufacturing capacity constraints;
Read in the 10-Q ↗
Extended lead times and elevated order backlog may result in delayed revenue conversion, excess inventory, and order cancellations, any of which could adversely affect our results of operations.
Read in the 10-Q ↗
We have experienced a substantial increase in order volumes, which, combined with manufacturing capacity constraints and ongoing supply chain challenges, could result in extended lead times for new orders and, in some cases, delays in shipping products to customers by their requested ship dates.
Read in the 10-Q ↗
As a result of these extended lead times, our customers may seek to cancel or reduce existing orders, particularly if they are able to obtain products with shorter lead times from our competitors or open market, and if their own end-market demand declines. Long lead times may also lead customers to over-order in an effort to secure supply, which could result in a disproportionately high number of cancellations if underlying demand does not materialize or if customers' inventory levels normalize. We may not have visibility into these dynamics until orders are cancelled, which could result in sudden and unanticipated reductions in our backlog and revenue.
Read in the 10-Q ↗
In addition, our ability to shorten lead times or otherwise mitigate these risks depends on a number of factors that are, in part, outside of our control, including the availability of critical components, the production capacity and allocation decisions of our suppliers and contract manufacturers, global logistics and freight conditions, and overall demand for semiconductor and electronic components across the industries we serve. If component shortages or supply chain disruptions persist or worsen, our lead times could lengthen further, increasing the likelihood of order cancellations.
Read in the 10-Q ↗
If a significant number of orders are cancelled, delayed, or reduced in scope, or if we are unable to convert backlog into revenue as anticipated, our revenue, gross margin, and results of operations could be materially and adversely affected. Moreover, because we may incur costs to procure components, expand manufacturing capacity, or build inventory in anticipation of orders that are subsequently cancelled, such cancellations could also result in excess or obsolete inventory, impairment charges, and reduced profitability.
Read in the 10-Q ↗
demand or access to customers, and inability to conduct our operations as they have been conducted historically. Each of these factors may adversely affect our business.
Read in the 10-Q ↗
In addition, a new “forced labor” tariff action was announced on July 24, 2026, which is expected to impact imports from 60 designated countries. Separately, on March 11, 2026, the U.S. Trade Representative initiated a Section 301 investigation into whether foreign government policies are contributing to structural excess manufacturing capacity across 16 economies, including in sectors such as electronics and semiconductors; the investigation remains pending and could result in additional tariffs or import restrictions affecting our supply chain, cost of goods sold and results from operations.
Read in the 10-Q ↗
See the risk factor above with the heading “Economic and political policies favoring national interests could adversely affect our results of operations” in this Item 1A for a description of risks relating to U.S. tariff regimes, which is incorporated herein by reference.
Read in the 10-Q ↗
obligations. This inability could materially and adversely limit our ability to improve our income, margins, and operating results.
Read in the 10-Q ↗
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Sep 2, 2026 against Item 1A of the 10-K filed Dec 17, 2025.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
Added10-Q 2026-09-02 vs 10-K 2025-12-17
Extended lead times and elevated order backlog may result in delayed revenue conversion, excess inventory, and order cancellations, any of which could adversely affect our results of operations.
Added10-Q 2026-09-02 vs 10-K 2025-12-17
We have experienced a substantial increase in order volumes, which, combined with manufacturing capacity constraints and ongoing supply chain challenges, could result in extended lead times for new orders and, in some cases, delays in shipping products to customers by their requested ship dates.
Added10-Q 2026-09-02 vs 10-K 2025-12-17
As a result of these extended lead times, our customers may seek to cancel or reduce existing orders, particularly if they are able to obtain products with shorter lead times from our competitors or open market, and if their own end-market demand declines. Long lead times may also lead customers to over-order in an effort to secure supply, which could result in a disproportionately high number of cancellations if underlying demand does not materialize or if customers' inventory levels normalize. We may not have visibility into these dynamics until orders are cancelled, which could result in sudden and unanticipated reductions in our backlog and revenue.
Added10-Q 2026-09-02 vs 10-K 2025-12-17
In addition, our ability to shorten lead times or otherwise mitigate these risks depends on a number of factors that are, in part, outside of our control, including the availability of critical components, the production capacity and allocation decisions of our suppliers and contract manufacturers, global logistics and freight conditions, and overall demand for semiconductor and electronic components across the industries we serve. If component shortages or supply chain disruptions persist or worsen, our lead times could lengthen further, increasing the likelihood of order cancellations.
Added10-Q 2026-09-02 vs 10-K 2025-12-17
If a significant number of orders are cancelled, delayed, or reduced in scope, or if we are unable to convert backlog into revenue as anticipated, our revenue, gross margin, and results of operations could be materially and adversely affected. Moreover, because we may incur costs to procure components, expand manufacturing capacity, or build inventory in anticipation of orders that are subsequently cancelled, such cancellations could also result in excess or obsolete inventory, impairment charges, and reduced profitability.
Added10-Q 2026-09-02 vs 10-K 2025-12-17
demand or access to customers, and inability to conduct our operations as they have been conducted historically. Each of these factors may adversely affect our business.
Added10-Q 2026-09-02 vs 10-K 2025-12-17
In February 2026, the Supreme Court of the United States (“U.S. Supreme Court”) determined that certain tariffs imposed pursuant to the International Emergency Economic Powers Act (“IEEPA”) were not authorized by law. Subsequent rulings by the U.S. Court of International Trade have directed U.S. Customs and Border Protection to implement processes for the refund of certain tariffs previously collected. In light of these developments, we have submitted, or intend to submit, claims seeking refunds of tariffs previously paid. However, uncertainty remains regarding the ultimate outcome of these claims, including:
Added10-Q 2026-09-02 vs 10-K 2025-12-17
• the availability of government funding or appropriations to support refund payments (including accrued interest), and
Added10-Q 2026-09-02 vs 10-K 2025-12-17
As a result, we cannot predict the period in which any such amounts may be recovered. In addition, any anticipated refunds may be delayed, reduced, or denied.
Added10-Q 2026-09-02 vs 10-K 2025-12-17
To the extent we are unable to recover tariffs previously paid, or experience delays or uncertainty in recovery, our results of operations, cash flows and financial condition could be adversely affected.
Added10-Q 2026-09-02 vs 10-K 2025-12-17
In addition, a new “forced labor” tariff action was announced on July 24, 2026, which is expected to impact imports from 60 designated countries. Separately, on March 11, 2026, the U.S. Trade Representative initiated a Section 301 investigation into whether foreign government policies are contributing to structural excess manufacturing capacity across 16 economies, including in sectors such as electronics and semiconductors; the investigation remains pending and could result in additional tariffs or import restrictions affecting our supply chain, cost of goods sold and results from operations.
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
On January 23, 2025, we filed a lawsuit against the United States of America in the United States Court of Federal Claims seeking a tax refund of $107 million, or such greater amount allowed by law, plus any other amount, including interest and cost, allowed by law. U.S.
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
If operations are out of compliance, we may be subject to civil or criminal actions, fines and penalties and be required to make significant changes to facilities and operations and temporarily or permanently shut down non-compliant operations, which could result in business disruption and significant unexpected expense, delays in or inability to develop, manufacture, and ship products and solutions, customer dissatisfaction, loss of revenue, and damage to our reputation.
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
Dependence on contract manufacturing and outsourcing other portions of our supply chain may adversely affect our ability to bring solutions to market and damage our reputation. reputation dependence on outsourced information technology and other administrative functions may impair our ability to operate effectively.
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
Problems with manufacturing or manufacturing, IT outsourcing or third-party software vulnerabilities could result in lower revenues and unrealized efficiencies and could impact our results of operations and stock price.
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
Nationalistic economic policies and political trends such as sanctions or trade restrictions, including those on advanced computing and semiconductor manufacturing and design software, withdrawal from or re-negotiation of global trade agreements, increased tariffs and reciprocal tariffs, tax and local content policies that favor domestic industries and interests, changes to immigration laws or enforcement and other similar actions may result in conflicting local or regional requirements, increased transaction costs, reduced ability to hire employees, reduced access to components, supplies and materials, reduced demand or access to customers, and inability to conduct our operations as they have been conducted historically.
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
These broad market fluctuations have may adversely affected affect the trading price of our common stock. stock, and possibly with disproportionate effect compared to the broader market.
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
In addition, our revenues and earnings forecasts for future fiscal quarters are often based on the expected seasonality or cyclicality of our markets. markets, some of which have recently experienced significant growth which may not
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
Supreme Court decisions on a number of relevant cases, the evolving global tax landscape and other changes in circumstances, that Treasury exceeded regulatory authority and the intangible asset amortization should be deductible. U.S.
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
Regional conflicts, including the Russian invasion of Ukraine, which resulted in economic sanctions and the decision to discontinue our operations in Russia, escalating geopolitical tensions, including military conflict and instability in the Middle East, and the risk of increased tensions between China and Taiwan, could limit or prohibit our ability to transfer certain technologies, to sell our products and solutions, and could result in additional closure of facilities in sanctioned countries.
Reworded10-Q 2026-09-02 vs 10-K 2025-12-17
Quiet changes10-Q 2026-09-02 vs 10-K 2025-12-17
Without the timely introduction of new solutions, services and enhancements, our solutions and services will become technologically obsolete over time, in which case our revenue and operating results would suffer.
The first 25 of 41 are shown (at most 12 of each type).
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