A ceiling, not an exact size
A 100 KB target means at most 100,000 bytes here. A 94 KB result satisfies that limit; adding unnecessary bytes to reach exactly 100 KB would not help. Some services use 1,024 bytes per KB. The exact byte count is shown so you can compare the destination’s rule.
Quality before dimensions
JPEG and WebP are tested between your minimum quality and 92. If those settings cannot meet the target, the tool reduces both dimensions proportionally only when Allow smaller dimensions is checked. PNG has no lossy quality setting, so fitting it may require smaller dimensions.
Measured, bounded attempts
The tool tests a limited set of candidates from the original pixels and reports the actual file size. It does not promise the mathematically highest quality or largest possible dimensions. A result above the target is clearly marked, even though you can still download that best tested smaller file.