Agilent Q2 2022 Earnings Report
Key Takeaways
Agilent Technologies reported revenue of $1.61 billion for the second quarter, a 5% increase compared to the previous year, and a 7% increase on a core basis. GAAP net income was $274 million, or 91 cents per share, while non-GAAP net income was $340 million, or $1.13 per share. The company has raised its full-year outlook for revenue and non-GAAP EPS.
Revenue of $1.61 billion represents 5% reported growth; and up 7% on a core basis.
GAAP net income of $274 million with earnings per share (EPS) of 91 cents, up 30% from the second quarter of 2021.
Non-GAAP net income of $340 million with EPS of $1.13, up 16% from the second quarter of 2021.
Full-year revenue is expected to be in the range of $6.67 billion to $6.73 billion, representing reported growth of 5.6% to 6.5% and increased core growth to a range of 8% to 9%.
Agilent
Agilent
Agilent Revenue by Segment
Forward Guidance
Agilent expects Q3 2022 revenue to be in the range of $1.625 billion to $1.650 billion with non-GAAP EPS of $1.20 to $1.22. Full year revenue is expected to be in the range of $6.67 billion to $6.73 billion with non-GAAP EPS in the range of $4.86 to $4.93.
Revenue & Expenses
Visualization of income flow from segment revenue to net income