Keysight Technologies (KEYS) risk factors: FY2025 10-K
Item 1A of the 10-K for the period ending 2025-10-31, filed 2025-12-17. 38 risk factor headings as filed. Read Item 1A in full · The whole 10-K · What changed since FY2024
1new since FY2024
2reworded
0removed
35unchanged
Headings mentioning a theme: Tariffs 0 · AI 1 · Cybersecurity 1 · China 0 · Interest rates 1. Compare across the S&P 500.
Risks Related to Our Business
34- Volatility and uncertainty in general economic conditions may adversely affect our operating results and financial condition.reworded
- Economic, political, and other risks associated with international sales and operations could adversely affect our results of operations.
- Economic and political policies favoring national interests could adversely affect our results of operations.
- Volatile geopolitical turmoil, including popular uprisings, regional conflicts, terrorism and war could result in market instability, which could negatively impact our business results.
- Our operating results and financial condition could be harmed if the markets into which we sell our solutions decline or do not grow as anticipated.
- A decreased demand for our customers’ products or trade barriers or restrictions could adversely affect our results of operations.reworded
- Failure to introduce successful new solutions and services in a timely manner to address increased competition, rapid technological changes, and changing industry standards could result in our solutions and services becoming obsolete.
- Our future operating results may fluctuate significantly if our investments in innovative technologies are not as profitable as we anticipate.
- Failure to adjust our purchases due to changing market conditions or failure to estimate our customers’ demand could adversely affect our income.
- 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. Dependence on outsourced information technology and other administrative functions may impair our ability to operate effectively.
- Our operating results may suffer if our manufacturing capacity does not match the demand for our solutions.
- Industry consolidation and consolidation among our customer base may lead to increased competition and may harm our operating results.
- Our acquisitions, strategic alliances, joint ventures, internal reorganizations and divestitures may result in financial results that are different than expected.
- Any inability to complete acquisitions on acceptable terms could negatively impact our growth rate and financial performance.
- We may need additional financing in the future to meet our capital needs or to make opportunistic acquisitions, and such financing may not be available on terms favorable to us, if at all, and may be dilutive to existing shareholders.
- We have outstanding debt and may incur other debt in the future, which could adversely affect our financial condition, liquidity and results of operations.
- Volatility in currency exchange rates could adversely impact our financial results.
- We are or will be subject to ongoing tax examinations of our tax returns by the IRS and other tax authorities. An adverse outcome of any such audit or examination by the IRS or other tax authority could have a material adverse effect on our results of operations, financial condition and liquidity.
- Our effective tax rate may be adversely impacted by changes in our business mix or changes in the tax legislative landscape.
- If tax laws or incentives change or cease to be in effect, our income taxes could increase significantly.
- If we suffer a loss to our factories, facilities or distribution system due to a catastrophic event, including events caused by the effects of climate change, our operations could be significantly harmed.
- Our commitment to net zero emissions in company operations by fiscal year 2040 will be subject to significant costs and regulations, which could impact business operations, processes, revenue, and reputation.
- Third parties may claim that we are infringing their intellectual property rights, and we could suffer significant litigation or licensing expenses or be prevented from selling solutions or services.
- Third parties may infringe our intellectual property rights, and we may suffer competitive injury or expend significant resources enforcing our intellectual property rights.
- If we experience a significant cybersecurity attack or disruption in our IT systems or our products, our business, reputation, and operating results could be adversely affected.Cybersecurity
- Our business is exposed to risks associated with the use of AI tools.newAI
- Our business will suffer if we are not able to retain and hire key personnel.
- If we fail to maintain satisfactory compliance with certain regulations, we may be subject to substantial negative financial consequences and civil or criminal penalties.
- Failure to comply with anti-corruption laws could adversely affect our business and result in financial penalties.
- Our business and financial results may be adversely affected by various legal and regulatory proceedings.
- Our internal controls may be determined to be ineffective, which may adversely affect investor confidence in our company, the value of our stock, and our access to capital.
- Adverse conditions in the global banking industry and credit markets may adversely impact the value of our cash investments or impair our liquidity.
- Future investment returns on pension assets may be lower than expected or interest rates may decline, requiring us to make significant additional cash contributions to our future plans.Interest rates
- Environmental contamination from past operations could subject us to unreimbursed costs and could harm on-site operations and the future use and value of the properties involved, and environmental contamination caused by ongoing operations could subject us to substantial liabilities in the future.
Risks Related to Our Common Stock
4- Our share price may fluctuate significantly.
- We do not currently pay dividends on our common stock.
- Certain provisions in our amended and restated certificate of incorporation and bylaws, and of Delaware law, may prevent or delay an acquisition of the company, which could decrease the trading price of our common stock.
- Our amended and restated certificate of incorporation designates that the state courts in the State of Delaware or, if no state court located within the State of Delaware has jurisdiction, the federal court for the District of Delaware, as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our shareholders, which could discourage lawsuits against the company and our directors and officers.
Headings are the lines of Item 1A set wholly in bold or italics, as the parser reads them, without the introductory paragraph that opens the section. A heading is new when no heading in the prior 10-K matches it after ignoring case and punctuation, and reworded when it shares at least 60 percent of its words with one that went away. Source: the filing on sec.gov.
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