Agilent Technologies, Inc. stock research
FY2024 Q4
Agilent Technologies (A) Gross Margin — Quarter Ended Oct 31, 2024
Revenue and gross profit increased compared to the prior quarter, while cost of revenue also rose. Gross margin was slightly lower than both the previous quarter and the same quarter last year.
Gross margin takeaway
Quarter ended Oct 31, 2024 · FY2024 Q4
Revenue and gross profit increased compared to the prior quarter, while cost of revenue also rose. Gross margin was slightly lower than both the previous quarter and the same quarter last year.
- The strongest observable driver of the gross margin change was the movement in cost of revenue relative to revenue. Cost of revenue increased at a rate that outpaced the change in revenue, resulting in a narrower margin.
- Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, but gross margin decreased. Compared to the same quarter one year earlier, revenue was stable, gross profit was slightly higher, and cost of revenue was higher, resulting in a lower gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
53.9%
Gross profit
$916.0M
Revenue
$1.7B
Cost of revenue
$785.0M
Quarter-over-quarter change
-0.3 pts
Year-over-year change
-0.4 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, 2024 | $1.7B | $908.0M | $750.0M | 54.8% |
| Apr 30, 2024 | $1.6B | $856.0M | $717.0M | 54.4% |
| Jul 31, 2024 | $1.6B | $855.0M | $723.0M | 54.2% |
| Oct 31, 2024 | $1.7B | $916.0M | $785.0M | 53.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 31, 2024
-0.3 pts
Year-over-year change
Oct 31, 2023
-0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of the gross margin change was the movement in cost of revenue relative to revenue. Cost of revenue increased at a rate that outpaced the change in revenue, resulting in a narrower margin.
Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, but gross margin decreased. Compared to the same quarter one year earlier, revenue was stable, gross profit was slightly higher, and cost of revenue was higher, resulting in a lower gross margin.
Monitor the trend of cost of revenue as a proportion of revenue, as this ratio directly influences gross margin movements.