Agilent Technologies Inc.

Agilent Technologies Inc.

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Market Cap$38.3B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Agilent Technologies Inc.Agilent Technologies Inc.27.10.55%20%5.50.6

Earnings Call Q2 2026

May 27, 2026 - AI Summary

Q2 2026 results beat expectations; Ignite benefits look “structurally embedded” - Revenue $1.83B, up 6.3% core (reported +10%), above high end of guidance by ~80 bps. - Operating margin 26.4%: +130 bps YoY and +180 bps sequential, well above guidance. - EPS $1.49, +14% YoY, also above the top end of guidance by $0.07. - Management attributes strength to Ignite operating system impacts: strategic pricing, productivity/structural simplification, supply chain agility, and execution discipline.
Full-year outlook raised modestly (growth + profitability); margin expansion target increased - FY26 core growth now 4.5%–6.0% (reported $7.39B–$7.49B), up ~30 bps at midpoint vs prior guide. - EPS raised to $6.00–$6.10 (up $0.08 at midpoint), implying 7%–9% earnings growth. - Operating margin expansion target increased to +85 bps at midpoint (from prior target), driven by continued Ignite momentum. - Capital expenditures: ~$450M, reduced $50M vs prior guide. - Operating cash flow guidance unchanged at $1.2B–$1.7B. - Notes: Guidance does NOT include Biocare impact or potential tariff refunds; assumes forecast FX.
Segment/end-market momentum is broad-based; notable weakness in China + pressure points in Food - Pharma +6% YoY; biotech low double digits; GLP-1 momentum ~20% growth YTD. - Chemicals & advanced materials +8% (semiconductor demand + healthy CapEx); management flags Middle East/geopolitical inflation/cost pressure as a factor but expects Ignite to absorb it. - Diagnostics & clinical +11%; cancer diagnostics expansion; forensics strong with >50% growth (including TSA-related opportunity). - Academia & government -5% as expected. - Food -3% (downside from funding delays in China/India and Middle East-related inflationary headwinds). - China revenue -9% YoY in Q2 (about flat on a first-half basis, in line with FY guide); ex China, performance stronger.

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$153.14

Target Price by Analysts

11.5% upsideAgilent Technologies Target Price DetailsTarget Price
$78.42

Current Fair Value

42.9% downside

Overvalued by 42.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$38.30 Billion
Enterprise Value$40.52 Billion
Dividend Yield$0.75 (0.55%)
Earnings per Share$4.59
Beta1.22
Outstanding Shares283,000,000

Return

Return on Equity19.85%ROE
Return on Assets10.82%
Return on Invested Capital14.26%

Valuation & Multiples

P/E Ratio27.13P/E Ratio
PEG47.04PEG
Price to Sales5.5Price to Sales
Price to Book Ratio5.5Price to Book Ratio
Enterprise Value to Revenue5.6
Enterprise Value to EBIT26.33
Enterprise Value to Net Income28
Total Debt to Enterprise0.1
Debt to Equity0.56Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 27, 2026
EPS Estimate
$1.41
Average shareholder expectation
Revenue Estimate
$1.80 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 26, 2026
EPS Estimate
$1.49
Average shareholder expectation
Revenue Estimate
$1.84 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0873 4.22%
Total Calls656,900 12.69%
Total Puts714,255 9.17%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %89.73% 0.89%
Total Invested$28.94B 17.06%
Investors Holding1,097 82.00%

ESG Score

No data

About Agilent Technologies Inc.

CEO: Michael McMullen

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official 'revenue estimates' and technical analysis for all tax legislation, directly influencing corporate tax structures and capital investment credits. Its expertise and reports are foundational to the tax policies that profoundly affect Agilent's financial planning and profitability.

Finance

This powerful committee controls taxation and trade policy, which directly impacts Agilent's profitability, global supply chain, and market access. Decisions on corporate tax rates, R&D credits, and international trade agreements are highly relevant to Agilent's financial performance and operations.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine the precise budgets for agencies like NIH, EPA, FDA, and DoD, which are significant customers or provide crucial research funding that Agilent Technologies relies upon.

Health, Education, Labor, and Pensions

This committee directly regulates the FDA and oversees the NIH, both crucial for Agilent. FDA regulations for drug approval and diagnostic devices heavily influence Agilent's pharmaceutical, biotech, and clinical diagnostics customers. NIH funding is a primary driver of academic and biomedical research, a core market for Agilent.

Environment and Public Works

Agilent Technologies is a major provider of analytical instruments used for environmental testing and monitoring. Regulations from the EPA, overseen by this committee, directly drive demand for Agilent's products and services in areas like water, air, and chemical analysis.