Agilent Reports First-Quarter Fiscal Year 2026 Financial Results

Original from: Agilent

Agilent Technologies, Inc. (NYSE: A) today reported revenue of $1.80 billion for the first quarter ended Jan. 31, 2026, representing growth of 7.0% reported and up 4.4% core(1) compared with the first quarter of 2025.

First-quarter GAAP net income was $305 million, or $1.07 per share. This compares with $318 million, or $1.11 per share, in the first quarter of 2025. Non-GAAP(2) net income was $386 million, or $1.36 per share, during the quarter, compared with $377 million, or $1.31 per share, during the year-ago quarter.

"It was a solid start to the year with the Agilent team executing well in a healthy — albeit dynamic — market environment that included navigating the impact of a major U.S. snowstorm during the last week of the quarter," said Agilent President and CEO Padraig McDonnell. "On a normalized basis, excluding the weather-related impact, first-quarter results would have exceeded the midpoint of our guidance. This strong underlying performance allows us to maintain our core growth(1) and margin-expansion outlook for the full year, while modestly increasing our non-GAAP EPS range(3) for favorable currency. The continued momentum in our instrument-replacement cycle, strong engagement in Enterprise Services, and innovation across our portfolio reflect the strength of our customer-focused strategy. With Ignite as our enterprise-wide operating system — driving execution excellence and operational rigor — we are well positioned to deliver resilient growth and long-term value for our customers and shareholders."

Financial Highlights

Life Sciences and Diagnostics Markets Group

The Life Sciences and Diagnostics Markets Group (LDG) reported first-quarter revenue of $679 million, growth of 5% reported and 3% core(1) year-over-year. LDG's operating margin for the quarter was 16.0%.

Agilent CrossLab Group

The Agilent CrossLab Group (ACG) reported first-quarter revenue of $758 million, growth of 9% reported and 6% core(1) year-over-year. ACG's operating margin for the quarter was 31.6%.

Applied Markets Group

The Applied Markets Group (AMG) reported first-quarter revenue of $361 million, growth of 7% reported and 4% core(1) year-over-year. AMG's operating margin for the quarter was 25.8%.

Full Year 2026 and Second-Quarter Outlook

Full-year 2026 revenue outlook is expected in the range of $7.3 billion to $7.5 billion, representing growth of 5.5% to 7.5% reported and up 4% to 6% core(1). Non-GAAP EPS(3) is expected in the range of $5.90 to $6.04 per share.

The outlook for second-quarter 2026 revenue is expected to be in the range of $1.79 billion to $1.82 billion, representing growth of approximately 7% to 9% reported and up 4% to 5.5% core(1). Non-GAAP EPS(3) is expected in the range of $1.39 to $1.42 per share.

The outlook is based on forecasted currency exchange rates.

Source: Agilent Reports First-Quarter Fiscal Year 2026 Financial Results