Agilent Q3 2022 Earnings Report
Key Takeaways
Agilent Technologies reported revenue of $1.72 billion for the third quarter, an increase of 8% compared to the third quarter of 2021. GAAP net income was $329 million, or $1.10 per share. Non-GAAP net income was $401 million, or $1.34 per share.
Revenue of $1.72 billion represents 8% reported growth year-over-year; and up 13% on a core basis.
GAAP net income of $329 million with earnings per share (EPS) of $1.10, up 28% from the third quarter of 2021.
Non-GAAP net income of $401 million with EPS of $1.34, up 22% from the third quarter of 2021.
Full-year guidance raised with revenue now expected to be in the range of $6.750 billion to $6.775 billion, representing reported growth of 6.8% to 7.2% and core growth of 9.9% to 10.3%.
Full-year non-GAAP EPS is also raised to an estimated range of $5.06 to $5.08 per share.
Fourth-quarter revenue expected to be in the range of $1.750 billion to $1.775 billion with non-GAAP EPS of $1.38 to $1.40.
Agilent
Agilent
Agilent Revenue by Segment
Forward Guidance
Agilent has increased its outlook and expects full-year revenue to be in the range of $6.750 billion to $6.775 billion, representing reported growth of 6.8% to 7.2% and core growth of 9.9% to 10.3%. The outlook for fourth-quarter revenue is expected to be in a range of $1.750 billion to $1.775 billion. Fourth-quarter non-GAAP earnings guidance is expected to be in the range of $1.38 to $1.40 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income