NYSE$A

Agilent Technologies Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Agilent delivered solid results and increased full-year core growth and EPS forecast.

Agilent Technologies reported revenue of $1.61 billion for the second quarter, a 5% increase compared to the previous year, and a 7% increase on a core basis. GAAP net income was $274 million, or 91 cents per share, while non-GAAP net income was $340 million, or $1.13 per share. The company has raised its full-year outlook for revenue and non-GAAP EPS.

  • Revenue of $1.61 billion represents 5% reported growth; and up 7% on a core basis.
  • GAAP net income of $274 million with earnings per share (EPS) of 91 cents, up 30% from the second quarter of 2021.
  • Non-GAAP net income of $340 million with EPS of $1.13, up 16% from the second quarter of 2021.
  • Full-year revenue is expected to be in the range of $6.67 billion to $6.73 billion, representing reported growth of 5.6% to 6.5% and increased core growth to a range of 8% to 9%.

Headline financials

Total Revenue

$1.61B

Previous: $1.53B+5.4%
EPS (adj)

$1.13

Previous: $0.97+16.5%
Capital Expenditures

-$139M

Previous: -$72M-93.1%
Free Cash Flow

$399M

Previous: $638M-37.5%
Net Income

$274M

Previous: $216M+26.9%
Operating Income

$360M

Previous: $288M+25.0%
Gross Profit

$861M

Previous: $817M+5.4%
Cash & Equivalents

$1.19B

Previous: $1.38B-14.1%
Total Assets

$10.5B

Previous: $10.4B+0.5%
Stock-Based Comp

$27M

Previous: $26M+3.8%

Revenue & EPS history

Agilent · Revenue · Quarterly

$1.61B

Q2 2022+5.4%vs Q2 2021
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Agilent · $353M total across 1 segment · Q2 2022

  • Agilent CrossLab
    $353M-34.1%

Forward guidance

Agilent expects Q3 2022 revenue to be in the range of $1.625 billion to $1.650 billion with non-GAAP EPS of $1.20 to $1.22. Full year revenue is expected to be in the range of $6.67 billion to $6.73 billion with non-GAAP EPS in the range of $4.86 to $4.93.

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 Q2 2022

Historical avgQ2 2022

+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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