Agilent’s Price Target Cut to $155; Q1 Revenue Hits $1.8B with 4.4% Growth
Baird cut Agilent’s price target to $155 from $165 after Q4 results modestly missed expectations, while TD Cowen lowered its target to $157 from $170 citing temporary shipping disruptions. Agilent posted Q1 revenue of $1.8 billion with 4.4% core growth, reaffirmed 4%–6% FY26 guidance and raised EPS to $5.90–$6.04.
1. Analyst Price Target Adjustments
Baird lowered its price target on Agilent to $155 from $165 following Q4 results that fell modestly short of projections. TD Cowen trimmed its target to $157 from $170, noting that approximately $10 million of revenue lost to East Coast snowstorms was largely recovered in Q2.
2. Q1 Financial Results
Agilent reported Q1 revenue of $1.8 billion, reflecting 4.4% core growth year-over-year and 7.0% reported growth boosted by a 2.6% currency tailwind. Operating cash flow reached $268 million, with capital expenditures of $93 million during the quarter.
3. Capital Returns and Balance Sheet
The company returned $152 million to shareholders through share repurchases and paid $72 million in dividends, maintaining a net leverage ratio of 0.8x. This balance sheet strength preserves financial flexibility for future returns and acquisitions.
4. Updated FY26 Guidance
Agilent reaffirmed its full-year FY26 core revenue growth target of 4%–6% and raised its EPS range to $5.90–$6.04, reflecting a modest foreign exchange benefit. Q2 guidance anticipates continued core growth and roughly 7% EPS growth at the midpoint.