For six months, Spirent posted a 5% year-over-year increase in revenue to $208.1 million
LONDON: Spirent Communications PLC reported a resilient performance for the first half of 2025, demonstrating progress across strategic priorities despite macroeconomic challenges.
For the six months ended June 30, Spirent posted a 5% year-over-year increase in revenue to $208.1 million. Adjusted operating profit surged 50% to $7.5 million, while adjusted profit before tax rose 31% to $8.9 million. The company’s orderbook grew 9% to $310.1 million, supported by strong demand in AI data centres, 5G assurance, and Wi-Fi 7 testing.
Chief Executive Officer Eric Updyke credited the company’s agility and innovation for the results. “We delivered a resilient first half performance, continuing to advance our strategic priorities,” Updyke said. “Our AI Data Centre testing solution is gaining traction, and we’re seeing strong interest in Positioning and Wi-Fi 7 capabilities.”
Despite adjusted earnings growth, Spirent reported a basic loss per share of 2.15 cents, widening from 1.17 cents a year earlier. The reported operating loss deepened to $14.2 million, reflecting ongoing investment and macroeconomic pressures.
The company also provided an update on its pending acquisition by Keysight Technologies Inc. Regulatory clearances have been obtained from both the U.S. Department of Justice and the UK Competition and Markets Authority. Spirent and Keysight continue to work with Chinese regulators, with the transaction expected to close by September 29.
Looking ahead, Spirent remains cautiously optimistic. “We retain a positive medium-term outlook,” Updyke said. “Our strong orderbook and growing traction in emerging segments position us well for recovery.”
Spirent closed the period with $157.3 million in cash, up 20% from the prior year.