NYSE$A

Agilent Technologies Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Agilent reported revenue growth and EPS at the top end of guidance.

Agilent Technologies reported a strong start to 2020 with revenues above expectations, growing across all regions and markets. First quarter revenue was $1.36 billion, up 5.7% year over year, with a GAAP net income of $197 million or 63 cents per share and Non-GAAP net income of $252 million, or 81 cents per share.

  • Revenue of $1.36 billion represents 5.7% reported growth, up 2.4% on a core basis
  • GAAP net income of $197 million or 63 cents per share
  • Non-GAAP net income of $252 million, or 81 cents per share
  • Maintaining full-year 2020 revenue guidance of $5.50 billion to $5.55 billion and non-GAAP earnings guidance of $3.38 to $3.43 per share

Headline financials

Total Revenue

$1.36B

Previous: $1.28B+5.7%
EPS (adj)

$0.81

Previous: $0.76+6.6%
R&D Expense

$104M

No prior period
SG&A Expense

$404M

No prior period
ACG Operating Margin

0.3%

No prior period
Capital Expenditures

-$34M

Previous: -$39M+12.8%
Free Cash Flow

-$93M

Previous: $174M-153.4%
Net Income

$197M

Previous: $504M-60.9%
Operating Income

$215M

Previous: $250M-14.0%
Gross Profit

$723M

Previous: $707M+2.3%
Cash & Equivalents

$1.23B

Previous: $2.06B-40.4%
Total Assets

$9.5B

Previous: $8.95B+6.1%
Stock-Based Comp

$27M

Previous: $24M+12.5%

Revenue & EPS history

Agilent · Revenue · Quarterly

$1.36B

Q1 2020+5.7%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Agilent · $470M total across 1 segment · Q1 2020

  • Agilent CrossLab
    $470M+6.3%

Forward guidance

Agilent expects second-quarter 2020 revenue in the range of $1.28 billion to $1.32 billion. Second-quarter 2020 non-GAAP earnings are expected to be in the range of 72 cents to 76 cents per share after factoring in the potential impact of the coronavirus disease 2019 (COVID-19). The company is maintaining its previous outlook and expects revenue of $5.50 billion to $5.55 billion for fiscal year 2020. Fiscal year 2020 non-GAAP earnings guidance also remains unchanged in the range of $3.38 to $3.43 per share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.7%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+0.5%

Avg return

30 days after

71%

51 / 72 earnings

Positive

+9.5%

Q4 2023

Best reaction

-11.3%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+0.2%-4.6%-11.6%
Q4 2025+4.0%-0.1%-9.9%
Q3 2025+5.3%+5.5%+4.0%
Q2 2025+2.1%+1.7%+7.5%
Q1 2025-5.5%-8.5%-13.2%
Q4 2024+0.4%+3.1%+1.7%
Q3 2024+0.3%+0.5%+0.2%
Q2 2024-11.3%-11.3%-12.5%
Q1 2024+4.2%+5.8%+10.7%
Q4 2023+9.5%+11.9%+22.1%
Q3 2023-4.2%-5.8%-9.3%
Q2 2023-6.3%-6.7%-8.1%
Q1 2023-3.3%+1.2%-5.4%
Q4 2022+7.3%+7.4%+2.7%
Q3 2022+6.3%+2.8%-0.6%
Q2 2022-4.4%+3.6%-5.9%
Q1 2022-4.6%+1.3%+3.3%
Q4 2021-5.8%-7.4%-4.6%
Q3 2021+0.6%+3.7%+6.9%
Q2 2021-0.0%+3.6%+10.0%
Q1 2021+1.7%-0.9%-4.2%
Q4 2020+3.4%+2.9%+5.8%
Q3 2020+0.5%+0.8%+2.1%
Q2 2020+4.0%+5.4%+8.6%
Q1 2020-0.5%-0.9%-23.4%
Q4 2019+2.3%+2.1%+7.8%
Q3 2019+2.9%+6.1%+15.2%
Q2 2019-8.4%-6.4%-4.8%
Q1 2019+0.5%+2.3%+1.9%
Q4 2018+3.9%+5.0%+2.8%
Q3 2018-1.8%-1.9%+5.1%
Q2 2018-10.0%-7.4%-4.6%
Q1 2018+5.4%+5.3%+2.3%
Q4 2017+1.6%+0.8%-2.0%
Q3 2017+4.2%+2.7%+10.2%
Q2 2017+4.5%+6.0%+6.5%
Q1 2017+2.2%+2.2%+5.0%
Q4 2016+1.9%-0.6%+2.7%
Q3 2016-3.2%-1.4%-7.2%
Q2 2016+4.2%
Q1 2016+4.6%
Q4 2015+4.4%
Q3 2015+1.0%
Q2 2015+0.8%
Q1 2015+3.5%
Q4 2014-1.9%
Q3 2014+5.1%
Q2 2014-4.1%
Q1 2014-7.8%
Q4 2013+7.3%
Q3 2013+0.1%
Q2 2013+6.1%
Q1 2013-5.6%
Q4 2012+1.3%
Q3 2012-8.2%
Q2 2012+1.0%
Q1 2012+2.4%
Q4 2011-0.7%
Q3 2011+0.6%
Q2 2011+1.5%
Q1 2011+2.6%
Q4 2010+0.7%
Q3 2010+0.5%
Q2 2010-1.6%
Q1 2009+0.9%
Q1 2010+3.9%
Q4 2007+2.7%
Q2 2009+2.7%
Q4 2009+2.7%
Q4 2008+3.5%
Q3 2009+3.5%
Q3 2008+3.5%

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