Agilent Technologies earnings
The next Agilent Technologies results are expected on November 23, 2026. The key thing to watch is whether Agilent Technologies can sustain underlying revenue, margins, and EPS without tariff-refund help.
What has Agilent Technologies guided for fiscal 2026?
The verdict is that Agilent’s price could fall if its recovery does not become durable earnings growth and margin improvement. Management guides to FY2026 revenue of $7,490–$7,510 million and core revenue growth of 5.8%–6.0%. Non-GAAP EPS guidance is $6.18–$6.21, including tariff refunds; excluding the net tariff-refund benefit, it is $6.12–$6.15.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Fiscal year 2026 revenue | Year to Oct 2026 | 7,490 | 7,510 | Aug 26, 2026 |
| Fiscal year 2026 reported revenue growth (%) | Year to Oct 2026 | 7.8% | 8.1% | Aug 26, 2026 |
| Fiscal year 2026 core revenue growth (%) | Year to Oct 2026 | 5.8% | 6.0% | Aug 26, 2026 |
| Fiscal year 2026 non-GAAP EPS | Year to Oct 2026 | 6.18 | 6.21 | Aug 26, 2026 |
| Fourth-quarter 2026 revenue | Quarter to Oct 2026 | 1,980 | 2,000 | Aug 26, 2026 |
| Fourth-quarter 2026 non-GAAP EPS | Quarter to Oct 2026 | 1.71 | 1.74 | Aug 26, 2026 |
What this means. The earnings per share forecast includes a six-cent benefit from tariff refunds, so it is slightly higher than the forecast excluding those refunds.
Has Agilent Technologies kept its past promises?
Agilent links much executive pay to performance, but the results show that some goals were met more fully than others.
For fiscal 2024 and 2025, 60% of long-term incentive grant value came through performance stock units. Half depended on relative total shareholder return, or TSR, which compares Agilent’s share performance with a peer group. The other half depended on adjusted earnings per share, a company-defined profit measure per share. In the FY2023–25 award period, the TSR portion paid 118% of target, while the adjusted-EPS portion paid 64%. Shareholder returns therefore beat the target, while earnings performance fell short.
What does Agilent Technologies' last eight quarters show?
The right reading is “stronger, but not yet proven.” The next test is whether sales, margins, and cash conversion hold after the refund disappears. The last eight quarters show whether the latest result fits a trend.
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,878 | 1,835 | 1,798 | 1,861 | 1,738 | 1,668 | 1,681 | 1,701 |
| Gross margin | 55.5% | 54.0% | 52.6% | 53.2% | 51.1% | 51.9% | 53.5% | 53.9% |
| Operating income | 444 | 399 | 353 | 443 | 360 | 300 | 376 | 408 |
| Net income | 362 | 339 | 305 | 434 | 336 | 215 | 318 | 351 |
| EPS, diluted | 1.28 | 1.20 | 1.07 | 1.53 | 1.18 | 0.75 | 1.11 | 1.22 |
| = Free cash flow | 439 | 201 | 175 | 452 | 259 | 107 | 334 | 388 |
What this means. The diluted earnings per share number assumes that possible new shares are created, so it spreads the company's profit over more shares.
What should you watch in Agilent Technologies' next results?
The next report must show whether Agilent’s growth, margins, and EPS are improving without tariff-refund help.