Agilent Reports Strong Q3 Non-GAAP Margin Expansion
Agilent Technologies (NYSE:A) reported fiscal third-quarter revenue of $1.88 billion, up 8.1% year-over-year with core growth at 7.3%. The company's non-GAAP operating margin expanded by 320 basis points to 28.3%, driven in part by tariff refunds that contributed approximately 110 bps and added $17 million to net income. Excluding the one-time benefits, Agilent still showed strong operational improvement with a 210-basis-point margin expansion supported by higher revenue and operating efficiencies from its Ignite system. All three business segments—Life Sciences & Diagnostics, CrossLab, and Applied Markets—reported growth in both revenue and margins. Looking ahead, the company expects full-year non-GAAP margin expansion of over 130 bps with more than 100 bps coming from ongoing operations. Fourth-quarter guidance excludes future tariff benefits, offering a clearer view of Agilent's operational momentum.
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