Agilent Technologies reported fiscal third-quarter revenue of $1.88 billion, up 8.1% year over year, with core revenue growing 7.3%. The company's non-GAAP operating margin expanded 320 basis points to 28.3%, but about 110 basis points of that improvement came from tariff refunds, which also added $17 million to non-GAAP net income and $0.06 to non-GAAP EPS. Excluding the refund benefit, underlying margin expansion was approximately 210 basis points, supported by broad-based demand across its Life Sciences and Diagnostics Markets Group, Agilent CrossLab, and Applied Markets segments. The company raised its fiscal 2026 non-GAAP EPS guidance to $6.18-$6.21, but that increase includes the refund benefit already recorded. For the fourth quarter, Agilent expects revenue of $1.98 billion-$2.00 billion, core growth of 5.2%-6.2%, and non-GAAP EPS of $1.71-$1.74, with no future tariff refunds included, making it a cleaner test of operating momentum.
Agilent Technologies IncQ3 revenue and EPS beat, margin expansion, and raised FY2026 EPS guidance, though partly from tariff refunds.
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