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Jan 31, 2021

Agilent Q1 2021 Earnings Report

Agilent reported strong Q1 2021 financial results, exceeding revenue expectations and raising full-year guidance.

Key Takeaways

Agilent Technologies reported a revenue of $1.55 billion for Q1 2021, a 14% increase year-over-year. GAAP net income was $288 million, or 93 cents per share, while non-GAAP net income was $328 million, or $1.06 per share. The company raised its full-year guidance, expecting revenue in the range of $5.825 billion to $5.900 billion and non-GAAP EPS of $3.80 to $3.90.

Revenue of $1.55 billion, a 14% increase year-over-year.

GAAP net income of $288 million, or 93 cents per share.

Non-GAAP net income of $328 million, or $1.06 per share.

Full-year guidance raised with revenue now expected to be in the range of $5.825 billion to $5.900 billion and non-GAAP EPS of $3.80 to $3.90.

Total Revenue
$1.55B
Previous year: $1.36B
+14.1%
EPS
$1.06
Previous year: $0.81
+30.9%
LSAG Operating Margin
27.6%
Previous year: 0.25%
+11029.0%
Gross Profit
$838M
Previous year: $723M
+15.9%
Cash and Equivalents
$1.33B
Previous year: $1.23B
+8.4%
Free Cash Flow
$197M
Previous year: -$93M
-311.8%
Total Assets
$9.67B
Previous year: $9.5B
+1.8%

Agilent

Agilent

Agilent Revenue by Segment

Forward Guidance

Agilent expects second-quarter 2021 revenue in the range of $1.37 billion to $1.39 billion. Second-quarter 2021 non-GAAP earnings are expected to be in the range of 78 cents to 80 cents per share. Agilent has increased its outlook and now expects revenue of $5.825 billion to $5.900 billion for fiscal year 2021. Fiscal year 2021 non-GAAP earnings guidance has also increased to a range of $3.80 to $3.90 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income