Original from: Agilent
Third-quarter fiscal year 2026
- Revenue of $1.88 billion for the third quarter ended July 31, 2026, representing growth of 8.1% reported and up 7.3% core(1) compared with the third quarter of fiscal year 2025.
- GAAP operating margin of 23.6%, expanded by 290 basis points year-over-year and 190 basis points sequentially.
- Non-GAAP operating margin(2) of 28.3% (including an approximately 110 basis point net benefit from tariff refunds), expanded by 320 basis points year-over-year and 190 basis points sequentially.
- GAAP net income of $362 million; earnings per share (EPS) of $1.28, an increase of 8% from the third quarter of fiscal year 2025.
- Non-GAAP net income(3) of $459 million (including a $17 million net benefit from tariff refunds); non-GAAP EPS(3) of $1.62 (including a $0.06 net benefit from tariff refunds), an increase of 18% from the third quarter of fiscal year 2025.
Fiscal year 2026 improved outlook and fourth-quarter guidance
- Fiscal year 2026 revenue is now expected in the range of $7.49 billion to $7.51 billion, representing a range of up 7.8% to 8.1% reported and up 5.8% to 6.0% core,(1)(5) an increase of 65 basis points at the midpoint.
- Non-GAAP fiscal year 2026 operating margin expansion(2) at the midpoint of core revenue growth guidance is now expected to be over 130 basis points (including approximately 30 basis points in net benefit from tariff refunds in the third quarter).
- Non-GAAP fiscal year 2026 EPS(4) is now expected in the range of $6.18 to $6.21, an increase of 15 cents at the midpoint (including $0.06 net benefit from tariff refunds in the third quarter) versus our prior guide.
- Fourth-quarter 2026 revenue is expected in the range of $1.98 billion to $2.0 billion, growth of 6.4% to 7.4% reported and up 5.2% to 6.2% core(1)(5). Non-GAAP EPS(4) is expected in the range of $1.71 to $1.74 per share. This guidance does not include any future benefit from tariff refunds.
Agilent Technologies Inc. (NYSE: A) today reported revenue of $1.88 billion for the third quarter ended July 31, 2026, representing growth of 8.1% reported and up 7.3% core(1) compared with the third quarter of fiscal year 2025.
Third-quarter GAAP net income was $362 million, or $1.28 per share. This compares with $336 million, or $1.18 per share, in the third quarter of fiscal year 2025. Non-GAAP net income(3) was $459 million (including a $17 million net benefit from tariff refunds), or $1.62 per share (including a $0.06 net benefit from tariff refunds), during the quarter, compared with $390 million, or $1.37 per share, during the year-ago quarter.
“Agilent’s exceptional third-quarter performance reflects the sustained momentum created by our strategy, our execution discipline, and the compounding impact of the Ignite Operating System,” said Agilent CEO Padraig McDonnell. “We are seeing improving end markets, stronger demand in key regions, and excellent customer response to our innovative product launches. All of this gives us confidence in our increased outlook and our ability to sustainably outperform our end markets.”
Financial Highlights
Life Sciences and Diagnostics Markets Group
The Life Sciences and Diagnostics Markets Group (LDG) reported third-quarter revenue of $746 million, growth of 11% reported and 10% core(1) year-over-year. LDG’s operating margin for the quarter was 23.5%.
Agilent CrossLab Group
The Agilent CrossLab Group (ACG) reported third-quarter revenue of $786 million, growth of 6% reported and 5% core(1) year-over-year. ACG’s operating margin for the quarter was 34.3%.
Applied Markets Group
The Applied Markets Group (AMG) reported third-quarter revenue of $346 million, growth of 7% reported and 7% core(1) year-over-year. AMG’s operating margin for the quarter was 24.9%.
Source: Agilent Reports Third-Quarter Fiscal Year 2026 Financial Results
