Agilent Technologies (A) · Q2 2026 results and valuation

At 0.5% growth a year (3-year revenue growth), the model's fair value is $43.76 a share — the stock trades 304% above it. Today's price assumes 18.6% growth a year.

1. Guidance

   Based on the strong performance, Agilent Technologies now expects fiscal year '26 revenue to be in the range of $7.49 billion to $7.51 billion on a reported basis.

2. Figure

   Agilent's Q3 revenue reached $1.88 billion, growing 7.3% on a core basis and surpassing guidance, driven by strong underlying demand.

   Source quote

   “For the third quarter, Agilent reported $1.88 billion in revenue, growing 7.3% on a core basis and exceeding the high...”

3. Fading

   CAM growth excluding China reached the low teens even as H1 momentum faded.

   Source quote

   “So after a strong high single digit growth in H1, we are going to see how it plays out with The Middle... And we had actually low teens CAM growth ex China. And it is really driven by a number of things.”

Very upbeat — about as upbeat as in Q1 2026.

Sentences that drove the tone

“Our largest end markets continue to improve, and our teams are converting that improvement into results through strong commercial execution, while a differentiated portfolio and best-in-class service drive share gain.”

“But we see strong momentum into China continuing to the year-end, and we're increasing our guide from high mid-single digits from flat and our Q4 guidance is high single digits.”

“Based on strong results year-to-date and our outlook for the fourth quarter, we are raising our full year expectations for CAM from mid- to high to high single-digit growth.”