NYSE$A

Agilent Technologies Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Agilent's Q1 2024 financial results were reported, with revenue and earnings exceeding guidance and the full-year outlook maintained.

Agilent Technologies reported Q1 2024 revenue of $1.66 billion, a 5.6% decrease year-over-year. GAAP net income was $348 million, or $1.18 per share, while non-GAAP net income was $380 million, or $1.29 per share. The company maintained its full-year revenue and non-GAAP earnings guidance.

  • Revenue of $1.66 billion, down 5.6% reported and 6.4% core from Q1 2023.
  • GAAP net income of $348 million; earnings per share (EPS) of $1.18, down 1% from Q1 2023.
  • Non-GAAP net income of $380 million; EPS of $1.29, down 6% from Q1 2023.
  • Full-year revenue outlook maintained at $6.710 billion to $6.810 billion, representing a range of down 1.8% to 0.3% on a reported basis.

Headline financials

Total Revenue

$1.66B

Previous: $1.76B-5.6%
EPS

$1.18

Previous: $1.37-13.9%
Capital Expenditures

-$90M

Previous: -$76M-18.4%
Free Cash Flow

$395M

Previous: $220M+79.5%
Net Income

$348M

Previous: $352M-1.1%
Operating Income

$384M

Previous: $426M-9.9%
Gross Profit

$908M

Previous: $968M-6.2%
Cash & Equivalents

$1.75B

Previous: $1.25B+39.8%
Total Assets

$10.9B

Previous: $10.9B+0.3%
R&D Expense

$128M

No prior period
Stock-Based Comp

$44M

Previous: $44M+0.0%

Revenue & EPS history

Agilent · Revenue · Quarterly

$1.66B

Q1 2024-5.6%vs Q1 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Agilent · $404M total across 1 segment · Q4 2023

  • Agilent CrossLab
    $404M+6.0%

Forward guidance

Full-year revenue outlook is maintained at $6.710 billion to $6.810 billion. Second-quarter revenue is expected in the range of $1.560 billion to $1.590 billion, with non-GAAP EPS of $1.17 to $1.20.

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 2024

Historical avgQ1 2024

+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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