Agilent Technologies (A) Q2 FY2026 earnings: revenue $1.8 billion, up 10.0% on the year

Agilent Technologies, Inc. (A) reported revenue of $1.8 billion for Q2 FY2026, the quarter ended 30 April 2026, up 10.0% on the same quarter a year earlier. Net income was $339 million, up 57.7% on the year, and diluted earnings per share $1.20. The figures are the company's own, from the 10-Q it filed with the SEC on 1 June 2026.

Revenue

$1.8 billion

+10.0% on the year · +2.1% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

21.7%

18.0% a year earlier

Q3 FY2024Q2 FY2026

Net income

$339 million

+57.7% on the year · +11.1% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$1.20

+60.0% on the year · +12.1% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 1 lowered, 2 new.

Revenue rose 10% reported: Revenue was $1.83 billion, up 10.0% reported and 6.3% core. Currency added 4 percentage points, or $61 million, according to the core reconciliation.
Non-GAAP EPS up 14%: Non-GAAP net income was $423 million, or $1.49 per share, against $373 million, or $1.31, in the year-ago quarter.
Non-GAAP operating margin reached 26.4%: Non-GAAP operating margin was 26.4%, up 130 basis points year over year and 180 basis points sequentially. GAAP operating margin was 21.7%, against 18.0%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	1,835	1,798	1,668	+2.1%	+10.0%
Cost of revenue	845	852	802	-0.8%	+5.4%
Gross profit	990	946	866	+4.7%	+14.3%
Gross margin	54.0%	52.6%	51.9%
Research and development	126	117	112	+7.7%	+12.5%
Selling, general and administrative	465	476	454	-2.3%	+2.4%
Operating income	399	353	300	+13.0%	+33.0%
Operating margin	21.7%	19.6%	18.0%
Interest expense	25.0	25.0	29.0	0.0%	-13.8%
Pre-tax income	408	364	260	+12.1%	+56.9%
Income tax	69.0	59.0	45.0	+16.9%	+53.3%
Effective tax rate	16.9%	16.2%	17.3%
Net income	339	305	215	+11.1%	+57.7%
Net margin	18.5%	17.0%	12.9%
Diluted EPS	$1.20	$1.07	$0.75	+12.1%	+60.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	277	268	221	+3.4%	+25.3%
Capital expenditure	76.0	93.0	114	-18.3%	-33.3%
Free cash flow	201	175	107	+14.9%	+87.9%
Free cash flow margin	11.0%	9.7%	6.4%
Cash from investing	-77.0	-93.0	-114
Cash from financing	-144	-222	-116
Depreciation and amortisation	67.0	67.0	73.0	0.0%	-8.2%
Share-based compensation	34.0	41.0	30.0	-17.1%	+13.3%
Buybacks	65.0	152	165	-57.2%	-60.6%
Dividends paid	72.0	72.0	70.0	0.0%	+2.9%
Dividend per share	$0.26	$0.26	$0.25	0.0%	+2.8%
Diluted shares, weighted	283m	284m	285m	-0.4%	-0.7%
Shares outstanding at period end	282m	283m	284m	-0.2%	-0.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	7,122	6,908	6,136	+3.1%	+16.1%
Debt	3,355	3,354	3,495	+0.0%	-4.0%
Other liabilities	2,588	2,551	2,527	+1.5%	+2.4%
Total liabilities and equity	13,065	12,813	12,158	+2.0%	+7.5%
Fixed assets	2,099	2,078	1,912	+1.0%	+9.8%
Goodwill	4,484	4,484	4,474	0.0%	+0.2%
Intangible assets	407	426	495	-4.5%	-17.8%
Investments	136	135	135	+0.7%	+0.7%
Cash and equivalents	1,807	1,758	1,486	+2.8%	+21.6%
Receivables	1,498	1,521	1,366	-1.5%	+9.7%
Inventory	1,089	1,059	991	+2.8%	+9.9%
Other assets	1,545	1,352	1,299	+14.3%	+18.9%
Total assets	13,065	12,813	12,158	+2.0%	+7.5%

Questions

What was Agilent Technologies' revenue in Q2 FY2026?

Agilent Technologies (A) reported revenue of $1.8 billion for Q2 FY2026, the quarter ended 30 April 2026, up 10.0% on the same quarter a year earlier.

How much did Agilent Technologies earn in Q2 FY2026?

Net income for Q2 FY2026 was $339 million, up 57.7% on the year, and diluted earnings per share $1.20.

When did Agilent Technologies report Q2 FY2026 results?

Agilent Technologies filed its 10-Q for the quarter ended 30 April 2026 with the SEC on 1 June 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,660	1,674	1,607	1,718	1,849	1,756	1,717	1,672	1,688	1,658	1,573	1,578	1,701	1,681	1,668	1,738	1,861	1,798	1,835	1,878
Cost of revenue	760	764	746	779	837	788	793	1,014	773	750	717	723	785	782	802	850	871	852	845	836
Gross profit	900	910	861	939	1,012	968	924	658	915	908	856	855	916	899	866	888	990	946	990	1,042
Gross margin	54%	54%	54%	55%	55%	55%	54%	39%	54%	55%	54%	54%	54%	53%	52%	51%	53%	53%	54%	55%
R&D	116	117	115	116	119	123	126	118	114	128	113	127	111	113	112	111	119	117	126	123
SG&A	389	417	386	412	422	419	415	407	393	396	380	395	397	410	454	417	428	476	465	475
Operating income	395	376	360	411	471	426	383	133	408	384	363	333	408	376	300	360	443	353	399	444
Operating margin	24%	22%	22%	24%	25%	24%	22%	8%	24%	23%	23%	21%	24%	22%	18%	21%	24%	20%	22%	24%
Interest expense	21.0	21.0	21.0	19.0	23.0	25.0	24.0	24.0	22.0	22.0	20.0	22.0	32.0	28.0	29.0	28.0	27.0	25.0	25.0	29.0
Pre-tax income	448	319	333	397	455	410	377	132	420	403	374	343	401	367	260	366	442	364	408	444
Tax rate	1%	11%	18%	17%	19%	14%	20%	16%	-13%	14%	18%	18%	12%	13%	17%	8%	2%	16%	17%	18%
Net income	442	283	274	329	368	352	302	111	475	348	308	282	351	318	215	336	434	305	339	362
Net margin	27%	17%	17%	19%	20%	20%	18%	7%	28%	21%	20%	18%	21%	19%	13%	19%	23%	17%	18%	19%
Diluted EPS	$1.45	$0.93	$0.91	$1.10	$1.23	$1.19	$1.02	$0.38	$1.62	$1.18	$1.05	$0.97	$1.22	$1.11	$0.75	$1.18	$1.53	$1.07	$1.20	$1.28
Operating cash flow	441	255	283	326	448	296	398	562	516	485	333	452	481	431	221	362	545	268	277	519
Capital expenditure	62.0	75.0	64.0	82.0	70.0	76.0	57.0	81.0	84.0	90.0	103	92.0	93.0	97.0	114	103	93.0	93.0	76.0	80.0
Free cash flow	379	180	219	244	378	220	341	481	432	395	230	360	388	334	107	259	452	175	201	439
Buybacks	136	447	234	323	135	75.0	85.0	335	80.0	0.0	230	585	335	90.0	165	85.0	85.0	152	65.0	78.0
Dividends paid	59.0	63.0	63.0	62.0	62.0	67.0	66.0	66.0	66.0	69.0	69.0	68.0	68.0	71.0	70.0	71.0	70.0	72.0	72.0	72.0
Shares outstanding	302m	300m	299m	296m	295m	296m	295m	293m	292m	293m	292m	288m	285m	285m	284m	284m	283m	283m	282m	282m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 April 2026, filed 1 June 2026: the filing.