Agilent Q2 2024 Earnings Report
Key Takeaways
Agilent Technologies reported Q2 2024 revenue of $1.57 billion, a decrease of 8.4% year-over-year. GAAP net income was $308 million, or $1.05 per share, while non-GAAP net income was $356 million, or $1.22 per share. The company revised its full-year revenue outlook to $6.420 billion to $6.500 billion and announced a plan to repurchase $0.75 billion of its common stock by the end of the fiscal year.
Revenue was $1.57 billion, down 8.4% reported and 7.4% core from Q2 2023.
GAAP net income was $308 million, with earnings per share (EPS) of $1.05, up 3% from Q2 2023.
Non-GAAP net income was $356 million, with EPS of $1.22, down 4% from Q2 2023.
Full-year revenue outlook revised to $6.420 billion to $6.500 billion, representing a range of down 6.0% to 4.9% on a reported basis.
Agilent
Agilent
Agilent Revenue by Segment
Forward Guidance
Agilent anticipates Q3 revenue between $1.535 billion and $1.575 billion, with non-GAAP EPS between $1.25 and $1.28. Full-year revenue is projected between $6.420 billion and $6.500 billion, and non-GAAP EPS between $5.15 and $5.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income