By Roshan Fernandez

Keysight Technologies more than doubled its profit compared to a year ago as the test equipment maker reported growth in commercial communications, semiconductors, and government sales.

The Santa Rosa, Calif. company reported a second fiscal quarter profit for the three months ended April 30 of $257 million, or $1.49 a share, compared with $126 million, or 72 cents a share, a year earlier.

Excluding one-time items, per-share earnings were $1.70, beating the $1.65 per share that analysts were expecting, according to FactSet.

Revenue rose to $1.31 billion from $1.22 billion a year earlier. Analysts surveyed by FactSet had forecast sales of $1.28 billion.

The company said commercial communications sales were up 9% compared to the year-ago quarter. Aerospace, defense, and government sales were also up 9%.

Sales in its electronic industrial solutions sector were up 5%, reflecting growth in its semiconductor and general electronics businesses. That was partially offset by a decline in its automotive and energy sectors.

"Even as we are monitoring the overall macroeconomic environment, we continue to see a healthy funnel of opportunities and are raising full-year growth expectations to the midpoint of our long-term 5-7% target," said Chief Executive Satish Dhanasekaran.

For the third fiscal quarter, Keysight Technologies expects revenue between $1.305 billion and $1.325 billion, and adjusted earnings per share between $1.63 and $1.69. Analysts were looking for $1.3 billion in revenue and $1.69 in adjusted earnings per share.

The company also said that Robert Rango retired from its board of directors.

Shares rose 5.1% to $171.16 in Tuesday's aftermarket trading.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(END) Dow Jones Newswires

May 20, 2025 16:31 ET (20:31 GMT)

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