Agilent Q2 2023 Earnings Report
Key Takeaways
Agilent Technologies reported revenue of $1.72 billion for the second quarter, a 6.8% increase year-over-year. GAAP net income was $302 million, or $1.02 per share, while non-GAAP net income was $377 million, or $1.27 per share.
Revenue of $1.72 billion represents 6.8% reported growth year-over-year and 9.5% on a core basis.
GAAP net income of $302 million with earnings per share (EPS) of $1.02, up 12% from the second quarter of 2022.
Non-GAAP net income of $377 million with EPS of $1.27, up 12% from the second quarter of 2022.
Full-year revenue is now expected to be in the range of $6.93 billion to $7.03 billion, representing reported growth of 1.2% to 2.7% and core growth of 3.0% to 4.5%.
Agilent
Agilent
Agilent Revenue by Segment
Forward Guidance
Full-year revenue is now expected to be in the range of $6.93 billion to $7.03 billion, representing reported growth of 1.2% to 2.7% and core growth of 3.0% to 4.5%. Fiscal year 2023 non-GAAP EPS is now estimated to be in the range of $5.60 to $5.65. The outlook for third-quarter revenue is expected to be in a range of $1.640 billion to $1.675 billion. Third-quarter non-GAAP earnings guidance is expected to be in the range of $1.36 to $1.38 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income