Agilent Q3 revenue down 2.7% YoY to $1.67B; GAAP EPS $0.38; lowers FY2023 guidance

AGILENT TECHNOLOGIES, INC.

2023-Q3 EPS reported $2.58 revenue$5,145,000,000

Reported revenue $1.67B, down 2.7% YoY; core revenue down 2.3%.
GAAP net income $111M ($0.38 EPS) down 65% YoY; Non-GAAP $422M ($1.43 EPS) up 7% YoY.
Full-year FY2023 revenue guidance lowered to $6.80-6.85B; Non-GAAP EPS $5.40-5.43.
LSAG revenue $927M (-9% YoY), ACG $396M (+10%), DGG $349M (+3%).
CEO cites challenging macro, especially China; believes current softness is transitory.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AGILENT TECHNOLOGIES, INC. reported the third quarter ended July 31, 2023 results: revenue $1.67 billion, net income $111 million, EPS $0.38. Guidance lowered.

Period: the third quarter ended July 31, 2023
Revenue: $1.67 billion
Net income: $111 million
EPS: $0.38
Guidance: lowered
Result: reported results

Exact text from the filing

Agilent Technologies Inc. (NYSE: A) today reported revenue of $1.67 billion for the third quarter ended July 31, 2023, a decrease of 2.7% compared to the third quarter of 2022 and a decrease of 2.3% on a core (1) basis. Third-quarter GAAP net income was $111 million, or $0.38 per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AGILENT TECHNOLOGIES, INC. updated its full-year fiscal year 2023 guidance (lowered).

Period: full-year fiscal year 2023
Guidance: lowered
Result: guidance update

Exact text from the filing

Reflecting the softer macroeconomic environment, full-year revenue is now expected to be in the range of $6.80 billion to $6.85 billion, representing a decline of 0.7% to flat reported growth, and a core (1) growth range representing an increase of 0.8% to 1.5% year-over-year. Fiscal year 2023 non-GAAP (3) EPS guidance is now estimated to be in the range of $5.40 to $5.43.

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Source: SEC EDGAR

accession 0001090872-23-000013

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