Agilent Reports Solid Q1 Results, Raises Full-Year Non-GAAP EPS Guidance
Summary
Agilent Technologies announced Q1 2026 financial results, reporting solid revenue growth and an increase in non-GAAP EPS, leading to a raised full-year non-GAAP EPS guidance.
Key Events
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Q1 2026 Financial Performance
Reported revenue of $1.80 billion, up 7.0% reported and 4.4% on a core basis year-over-year. GAAP net income was $305 million ($1.07 EPS), a 4% decline, while non-GAAP net income was $386 million ($1.36 EPS), a 4% increase.
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Raised Full-Year Non-GAAP EPS Guidance
Increased fiscal year 2026 non-GAAP EPS outlook to a range of $5.90 to $6.04, up from previous guidance, primarily due to favorable currency.
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Maintained Full-Year Revenue Outlook
Reaffirmed fiscal year 2026 revenue outlook in the range of $7.3 billion to $7.5 billion, representing 4% to 6% core growth.
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Q2 2026 Guidance Provided
Issued second-quarter 2026 revenue guidance of $1.79 billion to $1.82 billion (4% to 5.5% core growth) and non-GAAP EPS guidance of $1.39 to $1.42 per share.
Analysis
Agilent Technologies reported solid first-quarter fiscal year 2026 financial results, with revenue growing 7.0% reported and 4.4% on a core basis. While GAAP EPS saw a slight decline, non-GAAP EPS increased by 4%. Crucially, the company raised its full-year 2026 non-GAAP EPS guidance, citing favorable currency, and maintained its core revenue growth and margin expansion outlook. This indicates strong underlying operational performance and a positive outlook despite a dynamic market environment and some weather-related impacts during the quarter.
At the time of this filing, A was trading at $121.31 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $35.3B. The 52-week trading range was $96.43 to $160.27. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.