Knowles Corporation (KN) stock surged 6.65% in pre-market trading on Friday, following the release of its strong second-quarter 2025 results and an analyst's price target upgrade. The company, which specializes in high-performance electronic components, demonstrated robust growth and exceeded market expectations.
Knowles reported Q2 2025 GAAP revenue of $145.9 million, surpassing analyst estimates by $6.15 million and marking a 7.9% year-over-year increase. The company's non-GAAP earnings per share came in at $0.24, beating the expected $0.23. Notably, Knowles saw a significant improvement in its cash generation, with adjusted free cash flow soaring 70.7% year-over-year to $39.6 million.
Adding to the positive sentiment, Baird analyst Tristan Gerra raised the firm's price target on Knowles from $22 to $25 while maintaining an Outperform rating. This upgrade, coupled with management's optimistic forecast for continued sequential and year-over-year growth throughout 2025, has bolstered investor confidence. The company's strong performance in its Precision Devices segment and steady demand in the MedTech and Specialty Audio segment further underscore its growth potential in high-value markets such as medical technology, defense, and industrial applications.
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