earnings
confidence high
sentiment negative
materiality 0.80
Agilent Q2 revenue down 8.4% YoY, cuts full-year outlook; authorizes $2B buyback
AGILENT TECHNOLOGIES, INC.
2024-Q2 EPS reported
$2.23
revenue$3,231,000,000
- Q2 revenue $1.57B (-8.4% reported); GAAP EPS $1.05 (+3% YoY), non-GAAP EPS $1.22 (-4% YoY).
- Full-year revenue outlook cut to $6.42B-$6.50B (down ~5% core); non-GAAP EPS guidance $5.15-$5.25.
- Q3 revenue guidance $1.535B-$1.575B; non-GAAP EPS $1.25-$1.28.
- Board authorized new $2B stock repurchase program; plans $0.75B repurchase by fiscal year-end.
- LSAG revenue -14% YoY; ACG +5% core; DGG -8% core; all segments saw margin pressure.