NYSE$A

Agilent Technologies Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Delivered very strong results and raised full-year guidance.

Agilent Technologies Inc. reported revenue of $1.59 billion for the third quarter ended July 31, 2021, an increase of 26% compared to the third quarter of 2020 and up 21% on a core basis. Third-quarter GAAP net income was $264 million, or 86 cents per share. Non-GAAP net income was $337 million, or $1.10 per share compared with $243 million.

  • Revenue of $1.59 billion represents an increase of 26% reported growth year-over-year, up 21% on a core basis.
  • GAAP diluted earnings per share (EPS) of 86 cents, up 34%.
  • Non-GAAP diluted EPS of $1.10 per share, up 41%.
  • Full-year guidance raised with revenue now expected to be in the range of $6.29 billion to $6.32 billion and non-GAAP EPS of $4.28 to $4.31.

Headline financials

Total Revenue

$1.59B

Previous: $1.26B+25.8%
EPS (adj)

$1.10

Previous: $0.78+41.0%
Capital Expenditures

-$126M

Previous: -$92M-37.0%
Free Cash Flow

$918M

Previous: $452M+103.1%
Net Income

$264M

Previous: $199M+32.7%
Operating Income

$336M

Previous: $230M+46.1%
Gross Profit

$852M

Previous: $669M+27.4%
Cash & Equivalents

$1.43B

Previous: $1.36B+5.2%
Total Assets

$10.5B

Previous: $9.55B+9.9%
Stock-Based Comp

$22M

Previous: $19M+15.8%

Revenue & EPS history

Agilent · Revenue · Quarterly

$1.59B

Q3 2021+25.8%vs Q3 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Agilent · $560M total across 1 segment · Q3 2021

  • Agilent CrossLab
    $560M+21.0%

Forward guidance

Agilent expects fourth-quarter 2021 revenue in the range of $1.63 billion to $1.66 billion, with non-GAAP earnings expected to be in the range of $1.15 to $1.18 per share. Agilent has increased its outlook and now expects revenue in the range of $6.29 billion to $6.32 billion for fiscal year 2021. Fiscal year 2021 non-GAAP earnings guidance has also increased to a range of $4.28 to $4.31 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 Q3 2021

Historical avgQ3 2021

+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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