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Jul 31, 2024

Agilent Q3 2024 Earnings Report

Agilent reported better-than-expected performance and raised the mid-point of guidance.

Key Takeaways

Agilent Technologies reported Q3 2024 revenue of $1.58 billion, a 5.6% decrease compared to Q3 2023. GAAP net income was $282 million, or $0.97 per share, while non-GAAP net income was $385 million, or $1.32 per share. The company revised its full-year revenue outlook to $6.450 billion to $6.500 billion and non-GAAP earnings guidance to $5.21 to $5.25 per share.

Revenue of $1.58 billion, down 5.6% reported and 4.4% core from Q3 2023.

GAAP net income of $282 million; EPS of $0.97, up 155% from Q3 2023.

Non-GAAP net income of $385 million; EPS of $1.32, down 8% from Q3 2023.

Full-year revenue outlook revised at $6.450 billion to $6.500 billion; non-GAAP earnings guidance revised at $5.21 to $5.25 per share.

Total Revenue
$1.58B
Previous year: $1.67B
-5.6%
EPS
$1.32
Previous year: $1.43
-7.7%
LSAG Operating Margin
0.28%
Previous year: 0.3%
-5.0%
Gross Profit
$855M
Previous year: $658M
+29.9%
Cash and Equivalents
$1.78B
Previous year: $1.33B
+33.9%
Free Cash Flow
$360M
Previous year: $481M
-25.2%
Total Assets
$11B
Previous year: $10.7B
+3.0%

Agilent

Agilent

Agilent Revenue by Segment

Forward Guidance

The outlook for fourth-quarter revenue is expected in the range of $1.641 billion to $1.691 billion, a decline of 2.8% to an increase of 0.2% reported and a decline of 1.9% to an increase of 1.1% core. Fourth-quarter non-GAAP earnings guidance is expected in the range of $1.38 to $1.42 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income