Agilent Q3 FY26: revenue up 8.1%, margins jump, guidance raised
Agilent's fiscal third quarter was its strongest of the year: revenue rose 8.1% to $1.878 billion, gross margin reached 55.5%, and non-GAAP EPS climbed 18% to $1.62. Management also raised full-year revenue and EPS guidance. Read the margin story carefully, though, because about 110 basis points of the operating-margin gain came from tariff refunds that future guidance excludes.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $1.28, up 8% from $1.18, while non-GAAP EPS was $1.62, up 18% from $1.37. The gap is mostly restructuring, transformational initiatives and intangible amortization rather than pure accounting noise. Note that $0.06 of the non-GAAP figure came from tariff refunds, so the underlying growth rate is somewhat below 18%.
Revenue of $1.878 billion rose 8.1% from $1.738 billion a year earlier, and 7.3% on a core basis that strips out currency and deals. That is the fastest growth in the past three quarters and it came with a 55.5% gross margin. Life Sciences and Diagnostics led with 11% reported growth, while Agilent CrossLab grew 6% and Applied Markets grew 7%.
Management raised full-year revenue guidance to $7.49 billion to $7.51 billion, up 7.8% to 8.1% reported, lifting the midpoint by 65 basis points. Full-year non-GAAP EPS guidance moved to $6.18 to $6.21, a 15-cent increase at the midpoint. Fourth-quarter revenue guidance of $1.98 billion to $2.0 billion implies 6.4% to 7.4% reported growth, a step down from the 8.1% just delivered.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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