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Jul 31, 2023
Agilent Q3 2023 Earnings Report
Agilent's Q3 2023 financial results were reported, with revenue declining and full-year outlook adjusted to reflect softer market conditions.
Key Takeaways
Agilent Technologies reported Q3 2023 revenue of $1.67 billion, a decrease of 2.7% year-over-year. GAAP net income was $111 million, or $0.38 per share, while non-GAAP net income was $422 million, or $1.43 per share. The company adjusted its full-year outlook, expecting revenue between $6.80 billion and $6.85 billion and non-GAAP EPS between $5.40 and $5.43.
Reported revenue of $1.67 billion declined 2.7% year-over-year, and decreased 2.3% on a core basis.
GAAP net income was $111 million with earnings per share (EPS) of $0.38, down 65% from the third quarter of 2022.
Non-GAAP net income was $422 million with EPS of $1.43, up 7% from the third quarter of 2022.
Full-year revenue is now expected to be in the range of $6.80 billion to $6.85 billion, representing a decline of 0.7% to flat reported growth.
Revenue by Segment
Forward Guidance
Full-year revenue is now expected to be in the range of $6.80 billion to $6.85 billion, representing a decline of 0.7% to flat reported growth, and a core growth range representing an increase of 0.8% to 1.5% year-over-year. Fiscal year 2023 non-GAAP EPS is now estimated to be in the range of $5.40 to $5.43.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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