Agilent Technologies (A) Revenue — Quarter Ended Jul 31, 2024
Revenue for the quarter declined compared to the same period last year, but showed a slight sequential improvement from the prior quarter. The year-over-year decrease reflects a continued downward trend in product revenue.
Key takeaway
Quarter ended Jul 31, 2024 · FY2024 Q3
Revenue for the quarter declined compared to the same period last year, but showed a slight sequential improvement from the prior quarter. The year-over-year decrease reflects a continued downward trend in product revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
+0.3%
Change from the immediately preceding quarter.
Year-over-year
-5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 31, 2023 | $1.7B | -8.7% |
| Jan 31, 2024 | $1.7B | -5.6% |
| Apr 30, 2024 | $1.6B | -8.4% |
| Jul 31, 2024 | $1.6B | -5.6% |
Revenue performance
Total net revenue decreased year over year, driven primarily by a decline in product revenue, while services and other revenue remained relatively stable. The sequential increase was modest, indicating a potential stabilization in demand.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher, reversing the prior period's decline. However, versus the same quarter one year earlier, revenue was lower, continuing the pattern of year-over-year contraction seen in recent quarters.
What to watch
Monitor whether the sequential revenue improvement can be sustained in the coming quarters, given the persistent year-over-year declines.