Agilent Technologies, Inc. stock research
FY2024 Q2
Agilent Technologies (A) Gross Margin — Quarter Ended Apr 30, 2024
Revenue declined compared to the prior quarter and the same quarter a year earlier, and gross profit also decreased. The cost of revenue was lower, yet the gross margin weakened slightly from the prior quarter and improved from a year ago.
Gross margin takeaway
Quarter ended Apr 30, 2024 · FY2024 Q2
Revenue declined compared to the prior quarter and the same quarter a year earlier, and gross profit also decreased. The cost of revenue was lower, yet the gross margin weakened slightly from the prior quarter and improved from a year ago.
- The strongest observable driver is the change in cost of revenue relative to revenue. Year-over-year, the cost of revenue decreased at a faster pace than revenue, which supported the gross margin improvement.
- Sequentially, gross margin edged lower as revenue fell more than the cost of revenue. Compared to the same period last year, the margin improved because the cost of revenue declined more sharply than revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
54.4%
Gross profit
$856.0M
Revenue
$1.6B
Cost of revenue
$717.0M
Quarter-over-quarter change
-0.3 pts
Year-over-year change
+0.6 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 |
|---|---|---|---|---|
| Jul 31, 2023 | $1.7B | $658.0M | $1.0B | 39.4% |
| Oct 31, 2023 | $1.7B | $915.0M | $773.0M | 54.2% |
| Jan 31, 2024 | $1.7B | $908.0M | $750.0M | 54.8% |
| Apr 30, 2024 | $1.6B | $856.0M | $717.0M | 54.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 31, 2024
-0.3 pts
Year-over-year change
Apr 30, 2023
+0.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the change in cost of revenue relative to revenue. Year-over-year, the cost of revenue decreased at a faster pace than revenue, which supported the gross margin improvement.
Sequentially, gross margin edged lower as revenue fell more than the cost of revenue. Compared to the same period last year, the margin improved because the cost of revenue declined more sharply than revenue.
Monitor the cost of revenue components, particularly the product and service cost splits provided in the filing.