Filing Flows › Keysight Technologies (KEYS) › Q2 FY25
Keysight Technologies (KEYS) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jun 3, 2025
Keysight Technologies (KEYS) reported revenue of $1.3B for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and +0.6% from the quarter before. Operating margin was 15.8%, net earnings $257M (19.7% of revenue).
Keysight Technologies, Q2 FY25: revenue $1.3B (+7% year over year), operating margin 15.8%, net earnings $257M, operating cash flow $484M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +0.6% | +7% |
| Operating profit | $207M | -5% | +17% |
| Net earnings | $257M | +52% | +104% |
| Operating cash flow | $484M | +28% | +340% |
| Free cash flow | $457M | — | +518% |
What changed
Revenue was $1.3B in Q2 FY25, up 7% year over year and up 1% from the previous quarter. Products was the largest line at 76% of revenue. Products added $0.08B year over year (up 9%), 88% of the total change.
Operating profit was $0.21B, a 15.8% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 15% margin then. Total costs grew 6% against revenue growth of 7%. Net earnings were $0.26B, up 104% year over year. The effective tax rate was 19.7%. Non-operating items added $0.11B, 35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.48B (up 340% year over year), 188% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.13B. After investments in property, plant and equipment ($0.03B), free cash flow as the company reports it was $0.46B.
Questions
What was Keysight Technologies' revenue in the second quarter fiscal 2025?
Keysight Technologies (KEYS) reported revenue of $1.3B for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and +0.6% from the quarter before.
Was Keysight Technologies profitable in the second quarter fiscal 2025?
Operating profit was $207M (15.8% of revenue) and net earnings $257M.