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Jan 31, 2023
Agilent Q1 2023 Earnings Report
Agilent started 2023 strong with broad-based growth and raised full-year guidance.
Key Takeaways
Agilent Technologies reported a revenue of $1.76 billion for Q1 2023, a 5% increase year-over-year. GAAP net income was $352 million, or $1.19 per share, while non-GAAP net income was $406 million, or $1.37 per share. The company raised its full-year revenue and non-GAAP EPS guidance.
Revenue of $1.76 billion, a 5% increase year-over-year (up 10% on a core basis).
GAAP net income of $352 million with EPS of $1.19, up 28% from Q1 2022.
Non-GAAP net income of $406 million with EPS of $1.37, up 13% from Q1 2022.
Full year revenue has been raised and is now expected to be in the range of $7.03 billion to $7.10 billion.
Revenue by Segment
Forward Guidance
Agilent expects Q2 2023 revenue to be in the range of $1.655 billion to $1.680 billion and non-GAAP EPS to be in the range of $1.24 to $1.27. Full year revenue is expected to be in the range of $7.03 billion to $7.10 billion, and non-GAAP EPS is estimated to be in the range of $5.65 to $5.70.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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