Agilent Technologies, Inc. stock research
FY2023 Q3
Agilent Technologies (A) Gross Margin — Quarter Ended Jul 31, 2023
Revenue remained stable compared to both the prior quarter and the same quarter a year earlier, but gross profit declined and cost of revenue rose, resulting in a lower gross margin for the current period.
Gross margin takeaway
Quarter ended Jul 31, 2023 · FY2023 Q3
Revenue remained stable compared to both the prior quarter and the same quarter a year earlier, but gross profit declined and cost of revenue rose, resulting in a lower gross margin for the current period.
- The increase in cost of revenue, while revenue held steady, was the most prominent factor compressing gross profit and weakening gross margin.
- Gross margin weakened relative to both the immediately preceding quarter and the same quarter one year earlier, as cost of revenue was higher and gross profit was lower despite unchanged revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
39.4%
Gross profit
$658.0M
Revenue
$1.7B
Cost of revenue
$1.0B
Quarter-over-quarter change
-14.5 pts
Year-over-year change
-15.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jan 31, 2023 | $1.8B | $968.0M | $788.0M | 55.1% |
| Apr 30, 2023 | $1.7B | $924.0M | $793.0M | 53.8% |
| Jul 31, 2023 | $1.7B | $658.0M | $1.0B | 39.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Apr 30, 2023
-14.5 pts
Year-over-year change
Jul 31, 2022
-15.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The increase in cost of revenue, while revenue held steady, was the most prominent factor compressing gross profit and weakening gross margin.
Gross margin weakened relative to both the immediately preceding quarter and the same quarter one year earlier, as cost of revenue was higher and gross profit was lower despite unchanged revenue.
Monitor the trajectory of cost of revenue, which increased substantially in the current quarter compared to prior periods.