Agilent Technologies on Monday reported third-quarter earnings per share of $1.62, exceeding the $1.49 consensus estimate by 8.7%, marking the company’s third consecutive quarter of EPS acceleration.
Revenue for the period totaled $1.88 billion, topping the $1.84 billion estimate. The results follow a 6.7% revenue increase in fiscal 2025 and a 4.7% contraction in fiscal 2024, with gross margins declining from 54.3% to 52.4% over the same period. Free cash flow also fell from $1.37 billion in 2024 to $1.15 billion in 2025.
The company’s trailing 12-month EPS run-rate now points to $6.06, while annualized Q3 revenue of $7.5 billion aligns with the current consensus for fiscal 2026 revenue of $7.45 billion. Agilent’s stock, trading at $157.57 with a market capitalization of $44.5 billion, carries a trailing P/E ratio of 30.9x and a dividend yield of 0.7%. Year-to-date, the shares are up 15.8%.
Analysts have revised fiscal 2026 EPS estimates upward by 2.65% over the past year and revenue by 2.37%, with the most recent 90-day EPS revision at 0.45%. Consensus for fiscal 2027 projects EPS of $6.61 and revenue of $7.89 billion, rising to $7.31 EPS and $8.40 billion revenue in fiscal 2028. The next major catalyst is scheduled for November 30, 2026, when Agilent is expected to release fourth-quarter fiscal 2026 results and fiscal 2027 guidance.
