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Apr 30, 2020

Agilent Q2 2020 Earnings Report

Agilent's revenue remained flat, with GAAP net income decreasing and non-GAAP net income decreasing slightly.

Key Takeaways

Agilent Technologies reported flat revenue of $1.24 billion for Q2 2020. GAAP net income was $101 million, or 32 cents per share, while non-GAAP net income was $223 million, or 71 cents per share. The company experienced significant disruption in the U.S. and Europe due to COVID-19.

Revenue of $1.24 billion represents flat reported growth, down 1.7% on a core basis

GAAP net income of $101 million, or 32 cents per share

Non-GAAP net income of $223 million, or 71 cents per share

Operating cash flow of $313 million, up 24% versus prior year

Total Revenue
$1.24B
Previous year: $1.24B
+0.0%
EPS
$0.71
Previous year: $0.71
+0.0%
LSAG Operating Margin
18.7%
ACG Operating Margin
27.2%
DGG Operating Margin
21.6%
Gross Profit
$657M
Previous year: $669M
-1.8%
Cash and Equivalents
$1.32B
Previous year: $2.16B
-38.6%
Free Cash Flow
$280M
Previous year: $213M
+31.5%
Total Assets
$9.46B
Previous year: $9.02B
+4.8%

Agilent

Agilent

Agilent Revenue by Segment

Forward Guidance

This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding Agilent’s growth prospects, business model and financial results and the impact of COVID-19.

Revenue & Expenses

Visualization of income flow from segment revenue to net income