Agilent Technologies Inc
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: −8.32%.
Did A Beat Earnings? Q1 2026 Results
Agilent Technologies narrowly missed Wall Street expectations in its fiscal first quarter of 2026, delivering non-GAAP EPS of $1.36 against a consensus of $1.37 and revenue of $1.80 billion versus an estimated $1.81 billion, though the company pointed to a major U.S. snowstorm in the final week of the quarter as the primary culprit behind the shortfall. Revenue still grew 7.0% year over year on a reported basis, with the Agilent CrossLab Group standing out as the quarter's brightest spot, posting 9% reported revenue growth to $758.00 million at a 31.6% operating margin. Operating cash flow fell sharply to $268.00 million from $431.00 million a year ago, reflecting higher employee compensation payouts and a surge in income tax payments to $105.00 million from just $19.00 million. Despite the modest misses, management raised its full-year fiscal 2026 revenue outlook to $7.30 billion to $7.50 billion and lifted non-GAAP EPS guidance to $5.90 to $6.04, citing favorable currency tailwinds, while institutional investors have continued building positions in the stock.
- Continued momentum in instrument-replacement cycle
- Strong engagement in Enterprise Services within Agilent CrossLab Group
- Favorable currency impact contributing approximately 3 percentage points to reported revenue growth
- Core revenue growth of 4.4% year-over-year
- Ignite enterprise-wide operating system driving execution excellence and operational rigor
“It was a solid start to the year with the Agilent team executing well in a healthy — albeit dynamic — market environment that included navigating the impact of a major U.S. snowstorm during the last week of the quarter.”
Agilent Technologies CEO, on the earnings call
Forward Guidance & Outlook
For full fiscal year 2026, Agilent raised its revenue outlook to $7.3 billion–$7.5 billion, representing 5.5%–7.5% reported growth and 4%–6% core growth, while increasing non-GAAP EPS guidance to $5.90–$6.04 per share, reflecting favorable currency impacts. The company confirmed its core revenue growth and margin expansion targets for the year. For the fiscal second quarter 2026, revenue is expected in the range of $1.79 billion–$1.82 billion (approximately 7%–9% reported growth, 4%–5.5% core growth), with non-GAAP EPS of $1.39–$1.42 per share. The outlook is based on forecasted currency exchange rates.
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A Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.