Revenue and EPS Growth Exceed Expectations
Agilent reported revenue of $1.67 billion for the second quarter, marking a growth of 6% reported and 5.3% core compared to the previous year. EPS grew by 7%, exceeding expectations and marking the fourth consecutive quarter of accelerating growth.
Strong Regional Performance
China led regional growth with a 10% increase, while the rest of Asia grew in high single digits. India delivered high teens growth, showcasing its potential as a long-term high-growth market.
PFAS Testing Demand Surge
PFAS testing demand grew over 70% year-over-year globally, with Europe and China more than doubling their business. This provided an incremental 80 basis points to growth in the quarter.
Successful Product Launches
Agilent launched impactful new products including the Seahorse XF Flex analyzer and the InfinityLab Pro iQ series, highlighting continued commitment to innovation.
Digital Orders Growth
Digital orders grew by 12% year-over-year to $295 million, reflecting successful investments in the digital ecosystem.