- Keysight Technologies (KEYS, Financial) reports second-quarter 2025 revenue of $1.31 billion, a 7% increase from the previous year.
- GAAP net income rises to $257 million, or $1.49 per share, compared to $126 million, or $0.72 per share, in Q2 2024.
- Full-year growth expectations raised to the midpoint of the long-term 5-7% target range.
Keysight Technologies, Inc. (KEYS) announced its financial results for the second fiscal quarter ending April 30, 2025. The company reported a robust performance with revenue reaching $1.31 billion, a significant improvement from $1.22 billion in the same quarter of the previous year. The results exceeded their guidance for both revenue and earnings per share, showcasing the company's strong execution and strategy.
The company's GAAP net income for the quarter increased to $257 million, or $1.49 per share, representing a substantial increase from $126 million, or $0.72 per share, reported in the second quarter of 2024. The non-GAAP net income also saw growth, reaching $295 million, or $1.70 per share, up from $247 million, or $1.41 per share, in the previous year.
Keysight's Communications Solutions Group (CSG) recorded a 9% increase in revenue, totaling $913 million, driven by strong performance in both commercial communications and aerospace, defense, and government sectors. Meanwhile, the Electronic Industrial Solutions Group (EISG) achieved a 5% revenue increase to $393 million, with semiconductor and general electronics contributing to the growth, partially offset by a decline in automotive and energy sectors.
The company also reported an impressive free cash flow of $457 million, a significant rise from $74 million in the second quarter of 2024. As of April 30, 2025, Keysight's cash and cash equivalents stood at $3.12 billion, strengthening its financial position.
Looking ahead, Keysight expects its third fiscal quarter of 2025 revenue to range between $1.305 billion and $1.325 billion, with non-GAAP earnings per share projected to be in the range of $1.63 to $1.69. This positive outlook reflects the company's confidence in its long-term strategy and market opportunities.
