Agilent Technologies beats prelim Q2 revenue estimates on strength across end markets
Agilent Technologies beats prelim Q2 revenue estimates on strength across end markets
Overview
Analytical lab tech firm's preliminary fiscal Q2 revenue up 10%, beating analyst expectations
Adjusted EPS for preliminary fiscal Q2 rose 14%, beating analyst expectations
Company raised full-year 2026 revenue and adjusted EPS guidance on operational momentum
Outlook
Agilent raises FY26 revenue outlook to $7.39 bln-$7.49 bln
Company expects FY26 non-GAAP EPS of $6.00-$6.10
Agilent sees Q3 revenue of $1.83 bln-$1.85 bln and non-GAAP EPS of $1.48-$1.50
Result Drivers
END MARKET GROWTH - Co cited broad-based strength across key end markets as a driver of Q2 results
OPERATIONAL EXECUTION - Margin expansion and improved operating performance attributed to operational initiatives and Ignite Operating System
INNOVATION PIPELINE - Introduction of new products, such as the 9500 ICP-MS platform, contributed to growth
Company press release: ID:nBw2xSDFwa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $1.84 bln | $1.80 bln (14 Analysts) |
Q2 Adjusted EPS | Beat | $1.49 | $1.41 (15 Analysts) |
Q2 EPS |
| $1.20 |
|
Q2 Adjusted Net Income | Beat | $423 mln | $397.88 mln (11 Analysts) |
Q2 Net Income |
| $339 mln |
|
Q2 Pretax Profit |
| $408 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"
Wall Street's median 12-month price target for Agilent Technologies Inc is $161.17, about 40.1% above its May 26 closing price of $115.08
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)