Spirent H1 profits, revenue rise after solid Q2

(Sharecast News) - Spirent Communications reported a rise in first-half revenue and profit on Tuesday as it hailed a "particularly good" performance in the second quarter of the year and said that trading had been resilient in a challenging market. In the six months to 30 June, adjusted pre-tax profit increased 31% to £8.9m. Revenue pushed up 5% to £208.1m, with Lifecycle Service Assurance down 2% and Networks & Security up 11%.

The order book rose 9% to £310.1m and order intake ticked up 9% to £206.5m.

On a reported basis, losses before tax widened to £12.8m from £7.5m in the same period a year earlier.

Spirent - which is in the process of being bought by Keysight Technologies in a £1.16bn deal - said there had been some recovery in North America at the end of 2024 and this continued into 2025.

It also said that APAC and EMEA activities remained robust compared to the prior period, which meant that revenue increased from $197.3m to $208.1m.

Chief executive Eric Updyke said: "We delivered a resilient first half performance, continuing to advance our strategic priorities, despite macroeconomic headwinds. I am particularly proud of the team's focus and agility as we support our customers with next-generation solutions while also deepening relationships in emerging segments.

"Our AI Data Centre testing solution, now commercially deployed with multiple customers, is gaining traction as enterprises race to modernise their Ethernet network fabrics for high-performance AI workloads. Meanwhile, our Positioning portfolio saw strong interest from aerospace, defence and automotive customers, and Wi-Fi 7 momentum has been fuelled by our expanded test capabilities, helping customers accelerate time to market. Interest in our 5G solutions continues from service providers and enterprises as they progress cloud-native core deployments and prepare for the next phase of 5G Standalone rollouts.

"We have continued to maintain strong customer engagement and project delivery, thanks to our committed and highly capable team. We are executing with discipline, investing in innovation, and positioning Spirent to capture growth as market conditions recover."