Form 8-K

8-K — AGILENT TECHNOLOGIES, INC.

Accession: 0001090872-26-000052

Filed: 2026-05-27

Period: 2026-05-20

CIK: 0001090872

SIC: 3826 (LABORATORY ANALYTICAL INSTRUMENTS)

Item: Results of Operations and Financial Condition

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Financial Statements and Exhibits

Documents

8-K — a-20260520.htm (Primary)

EX-99.1 (exhibit991-q226pressrelease.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: a-20260520.htm · Sequence: 1

a-20260520

0001090872false00010908722026-05-202026-05-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 20, 2026

AGILENT TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware 001-15405 77-0518772

(State or other jurisdiction (Commission (IRS Employer

of incorporation) File Number) Identification No.)

5301 Stevens Creek Boulevard, Santa Clara, CA 95051

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code (800) 227-9770

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

TITLE OF EACH CLASS TRADING SYMBOL(S) NAME OF EACH EXCHANGE ON WHICH REGISTERED

COMMON STOCK, $0.01 PAR VALUE A New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On May 27, 2026, Agilent Technologies, Inc. (the “Company”) issued its press release announcing financial results for the second fiscal quarter ended April 30, 2026. A copy of this press release is attached as Exhibit 99.1.

The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

The Company provides non-GAAP financial information in order to provide meaningful supplemental information regarding its operational performance and to enhance its investors’ overall understanding of its core current financial performance and its prospects for the future. The Company believes that its investors benefit from seeing its results “through the eyes” of management in addition to the GAAP presentation. Management measures segment and enterprise performance using measures such as those that are disclosed in the press release attached as Exhibit 99.1. This information facilitates management’s internal comparisons to the Company’s historical operating results and comparisons to competitors’ operating results. Non-GAAP financial information allows for greater transparency to supplemental information used by management in its financial and operations decision making. Historically, the Company has reported similar non-GAAP financial information to its investors and believes that the inclusion of comparative numbers provides consistency in its financial reporting.

This non-GAAP financial information is not in accordance with, or an alternative for, generally accepted accounting principles in the United States. It excludes items, such as restructuring and amortization, that may have a material effect on the Company’s expenses and earnings per share calculated in accordance with GAAP. Management monitors these items to ensure that expenses are in line with expectations and that the Company's GAAP results are correctly stated but does not use them to measure the ongoing operating performance of the Company. The non-GAAP financial information the Company provides may be different from the non-GAAP financial information provided by other companies.

Additional explanation of non-GAAP financial information is provided in Exhibit 99.1.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) As previously disclosed, on March 5, 2026, Rodney Gonsalves, informed the Company that he would retire from his position as the Company’s Vice President, Corporate Controller and Principal Accounting Officer, the exact date to be determined at a later time.

On May 20, 2026, the Company appointed Tim Downs as the new Vice President, Chief Accounting Officer of the Company and as principal accounting officer of the Company, effective as of the first business day following the Company’s filing of the quarterly report on Form 10-Q for the quarter ended April 30, 2026 (the “Start Date”). Following the Start Date, Mr. Gonsalves will remain employed as Vice President, Finance in order to provide transitional assistance through January 2027, the exact date to be determined at a later time.

(c) As disclosed above, on May 20, 2026, the Company appointed Tim Downs as the Company’s Vice President, Chief Accounting Officer of the Company and as principal accounting officer of the Company effective as of the Start Date.

Mr. Downs, age 45, previously served as Vice President, Finance – Technical and SEC Reporting of Baker Hughes Company (“Baker Hughes”), a global energy technology company, from April 2024 to May 2026. Since joining Baker Hughes in 2019, Mr. Downs held finance and accounting leadership roles of increasing responsibility, including Executive – Technical Controls from May 2023 to April 2024 and Executive – Technical Accounting from 2019 to May 2023. Prior to joining Baker Hughes, Mr. Downs held finance and controllership roles at General Electric Company and Deloitte. Mr. Downs holds a bachelor’s degree in accounting from Bob Jones University.

There are no arrangements or understandings between Mr. Downs and any other persons pursuant to which Mr. Downs was appointed Vice President, Chief Accounting Officer and as the principal accounting officer of the Company. Mr. Downs does not have any family relationship with any of the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Mr. Downs has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.

(e) In connection with Mr. Downs’ employment, the Compensation Committee of the Board of Directors of the Company (the "Committee") approved the following compensation package: (i) effective as of May 18, 2026 (a) a base salary

of $400,000, and (b) eligibility to participate in the Company’s short-term annual incentive (bonus) program equal to 60% of his base salary.

In addition, the Committee approved (i) a one-time cash bonus of $175,000, subject to repayment if Mr. Downs terminates his employment for any reason within twelve months, and (ii) a one-time sign-on grant of restricted stock units (“RSUs”) of the Company's common stock in the target amount of $1,000,000.

The RSUs will be granted under the Agilent Technologies, Inc. 2018 Stock Plan, will vest over a period of four years and will have such other standard terms and conditions as evidenced by the form of equity award agreement filed as Exhibit 10.23 to the Company’s Annual Report on Form 10-K filed with the SEC on December 22, 2025. Mr. Downs will also enter into a change of control agreement with the Company in the form which is filed as Exhibit 10.37 to the Company’s Annual Report on Form 10-K filed with the SEC on December 22, 2014 and an indemnification agreement with the Company in the from which is filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on April 10, 2008, and each of which is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1

Press release announcing financial results for the second fiscal quarter ended April 30, 2026

104 Cover page interactive data file (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AGILENT TECHNOLOGIES, INC.

By: /s/ Michael Buckner

Name: Michael Buckner

Title: Senior Vice President, Chief Legal Officer and Secretary

Date: May 27, 2026

EX-99.1

Filename: exhibit991-q226pressrelease.htm · Sequence: 2

Document

Exhibit 99.1

Agilent Reports Second-Quarter Fiscal Year 2026 Financial Results

Delivers strong Q2 results and raises FY26 revenue growth, margin expansion, and non-GAAP EPS(4) guidance on continued operational momentum

Second-quarter fiscal year 2026

•Revenue of $1.83 billion for the second quarter ended April 30, 2026, representing growth of 10.0% reported and up 6.3% core(1) compared with the second quarter of 2025.

•GAAP operating margin of 21.7%; non-GAAP operating margin(2) of 26.4% expanded by 130 basis points year-over-year and 180 basis points sequentially.

•GAAP net income of $339 million; earnings per share (EPS) of $1.20, an increase of 60% from the second quarter of 2025.

•Non-GAAP net income(3) of $423 million; non-GAAP EPS(3) of $1.49, an increase of 14% from the second quarter of 2025.

Fiscal year 2026 improved outlook and third-quarter guidance

•Fiscal year 2026 revenue is now expected in the range of $7.39 billion to $7.49 billion, representing a range of up 6.3% to 7.8% reported and up 4.5% to 6.0% core,(1)(5) an increase of 30 basis points at the midpoint. Non-GAAP fiscal year 2026 operating margin expansion(2) at the midpoint of core revenue growth guidance is now expected to be 85 basis points, an increase of 10 basis points. Non-GAAP EPS(4) is now expected in the range of $6.00 to $6.10, an increase of 8 cents at the midpoint.

•Fiscal third-quarter 2026 revenue is expected in the range of $1.83 billion to $1.85 billion, growth of 5.0% to 6.5% reported and up 4.4% to 5.9% core(1)(5). Non-GAAP EPS(4) is expected in the range of $1.48 to $1.50 per share.

SANTA CLARA, California, May 27, 2026 — Agilent Technologies Inc. (NYSE: A) today reported revenue of $1.83 billion for the second quarter ended April 30, 2026, representing growth of 10.0% reported and up 6.3% core(1) compared with the second quarter of 2025.

Second-quarter GAAP net income was $339 million, or $1.20 per share. This compares with $215 million, or $0.75 per share, in the second quarter of 2025. Non-GAAP net income(3) was $423 million, or $1.49 per share, during the quarter, compared with $373 million, or $1.31 per share, during the year-ago quarter.

“It was an excellent second quarter for Agilent, with broad-based strength across key end markets, exceptional operational execution and strong margin performance,” said Padraig McDonnell, president and CEO of Agilent Technologies. “The continued momentum we are seeing across the business reflects the strength of our customer-focused strategy, healthy underlying demand, and the increasing impact of Ignite Operating System across the organization, supported by the resilience of our diversified portfolio. Innovation remains a key driver of our long-term growth. The introduction of solutions such as our new 9500 ICP-MS platform demonstrates our ability to anticipate evolving customer needs and translate those insights into differentiated technologies that improve laboratory productivity and performance. Combined with the continued progress of Ignite, replacement-cycle momentum, and a strong innovation pipeline, we remain well positioned to deliver sustainable growth and long-term value for our customers and shareholders.”

Financial Highlights

Life Sciences and Diagnostics Markets Group

The Life Sciences and Diagnostics Markets Group (LDG) reported second-quarter revenue of $732 million, growth of 12% reported and 9% core(1) year-over-year. LDG’s operating margin for the quarter was 22.0%.

Agilent CrossLab Group

The Agilent CrossLab Group (ACG) reported second-quarter revenue of $759 million, growth of 6% reported and 2% core(1) year-over-year. ACG’s operating margin for the quarter was 32.0%.

Applied Markets Group

The Applied Markets Group (AMG) reported second-quarter revenue of $344 million, growth of 14% reported and 11% core(1) year-over-year. AMG’s operating margin for the quarter was 23.3%.

Conference Call

Agilent’s management will present additional details regarding the company’s second-quarter 2026 financial results on a conference call with investors today at 1:30 p.m. PT. This event will be broadcast live online in listen-only mode. To listen to the webcast, select the “Q2 2026 Agilent Technologies, Inc. Earnings Conference Call” link on the Agilent Investor Relations website. The replay of the call will remain on the company website for 90 days.

About Agilent Technologies

Agilent Technologies, Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.95 billion in fiscal year 2025 and employs approximately 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.

Forward-Looking Statements

This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding Agilent’s growth prospects, business, financial results, revenue, non-GAAP earnings guidance for fiscal year and third-quarter 2026, and the effects of its operational transformation and customer and market-

focused strategy. These forward-looking statements involve risks and uncertainties that could cause Agilent’s results to differ materially from management’s current expectations. Such risks and uncertainties include, but are not limited to, unforeseen changes in the strength of Agilent’s customers’ businesses; unforeseen changes in the demand for current and new products, technologies, and services; unforeseen changes in the currency markets; customer purchasing decisions and timing; and the risk that Agilent is not able to realize the savings expected from integration and restructuring activities. In addition, other risks that Agilent faces in running its operations include the ability to execute successfully through business cycles; the ability to meet and achieve the benefits of its operational transformation, customer and market-focused strategy and cost-reduction goals and otherwise successfully adapt its cost structures to continuing changes in business conditions; ongoing competitive, pricing and gross-margin pressures; the risk that its cost-cutting initiatives will impair its ability to develop products and remain competitive and to operate effectively; the impact of geopolitical uncertainties and global economic conditions on its operations, its markets and its ability to conduct business; the ability to improve asset performance to adapt to changes in demand; the impact relating to or arising from changes to tariffs, import/export or trade policies; the ability of its supply chain to adapt to changes in demand; the ability to successfully introduce new products at the right time, price and mix; the ability of Agilent to successfully integrate recent acquisitions; the ability of Agilent to successfully comply with certain complex regulations; and other risks detailed in Agilent’s filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the fiscal

quarter ended January 31, 2026. Forward-looking statements are based on the beliefs and assumptions of Agilent’s management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement.

(1) Core or organic constant currency revenue growth excludes the impact of currency and acquisitions and divestitures within the past 12 months. Core or organic constant currency revenue is a non-GAAP measure. Reconciliations between GAAP revenue and core or organic constant currency revenue for second quarter 2026 are set forth on page 7 of the attached tables along with additional information regarding the use of this non-GAAP measure. Core or organic constant currency revenue growth rate as projected for third quarter 2026 and full fiscal year 2026 excludes the impact of currency and acquisitions and divestitures within the past 12 months. Most of the excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy and could differ materially. Therefore, no reconciliation to GAAP amounts has been provided for the projection.

(2) Non-GAAP operating margin excludes the impacts of restructuring and other related costs, intangibles amortization, transformation initiatives, acquisition and integration costs and net (gain) loss on equity securities. A reconciliation between non-GAAP operating margin and GAAP operating margin is set forth on page 5 of the attached tables along with additional information regarding the use of this non-GAAP measure. Non-GAAP operating margin as projected for full fiscal year 2026 excludes primarily the impacts of restructuring and other related costs, intangible amortization, transformation initiatives and acquisition and integration costs. Most of these excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy and could differ materially. Therefore, no reconciliation to GAAP amounts has been provided.

(3) Non-GAAP net income and non-GAAP EPS exclude the impacts of restructuring and other related costs, intangibles amortization, transformational initiatives, acquisition and integration costs and net (gain) loss on equity securities. Agilent also excludes any tax benefits or expenses that are not directly related to ongoing operations, and which are either isolated or are not expected to occur again with any regularity or predictability. A reconciliation between non-GAAP net income and GAAP net income and a reconciliation between non-GAAP EPS and GAAP EPS is set forth on page 4 of the attached tables along with additional information regarding the use of this non-GAAP measure.

(4) Non-GAAP EPS as projected for third quarter 2026 and full fiscal year 2026 exclude primarily the estimated impacts of non-cash intangibles amortization, transformational initiatives, and acquisition and integration costs. Agilent also excludes any tax benefits or expenses that are not directly related to ongoing operations, and which are either isolated or are not expected to occur again with any regularity or predictability. Most of these excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy and could differ materially. Therefore, no reconciliation to GAAP amounts has been provided. Future amortization of intangibles is expected to be approximately $18 million per quarter.

(5) Core or organic constant currency revenue growth outlook is based on forecasted currency exchange rates.

# # #

INVESTOR CONTACT:

Tejas Savant

+1 917-574-4018

tejas.savant@agilent.com

MEDIA CONTACT:

Kate Coyle

+1 302-633-7490

kate.coyle@agilent.com

AGILENT TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except per share data)

(Unaudited)

PRELIMINARY

Three Months Ended Six Months Ended

April 30, April 30,

2026 2025 2026 2025

Net revenue $ 1,835 $ 1,668 $ 3,633 $ 3,349

Costs and expenses:

Cost of products and services 845 802 1,697 1,584

Research and development 126 112 243 225

Selling, general and administrative 465 454 941 864

Total costs and expenses 1,436 1,368 2,881 2,673

Income from operations 399 300 752 676

Interest income 13 14 28 29

Interest expense (25) (29) (50) (57)

Other income (expense), net 21 (25) 42 (21)

Income before taxes 408 260 772 627

Provision for income taxes 69 45 128 94

Net income $ 339 $ 215 $ 644 $ 533

Net income per share:

Basic $ 1.20 $ 0.75 $ 2.28 $ 1.87

Diluted $ 1.20 $ 0.75 $ 2.27 $ 1.86

Weighted average shares used in computing net income per share:

Basic 282 285 283 285

Diluted 283 285 284 286

The preliminary income statement is estimated based on our current information.

AGILENT TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions, except par value and share data)

(Unaudited)

PRELIMINARY

April 30,

2026 October 31,

2025

ASSETS

Current assets:

Cash and cash equivalents $ 1,807 $ 1,789

Accounts receivable, net 1,498 1,487

Inventory 1,089 1,025

Other current assets 369 293

Total current assets 4,763 4,594

Property, plant and equipment, net 2,099 2,023

Goodwill 4,484 4,473

Other intangible assets, net 407 445

Long-term investments 136 133

Other assets 1,176 1,059

Total assets $ 13,065 $ 12,727

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable $ 615 $ 570

Employee compensation and benefits 387 443

Deferred revenue 665 624

Short-term debt 304 304

Other accrued liabilities 298 406

Total current liabilities 2,269 2,347

Long-term debt 3,051 3,050

Retirement and post-retirement benefits 127 126

Other long-term liabilities 496 463

Total liabilities 5,943 5,986

Total Equity:

Stockholders' equity:

Preferred stock; $0.01 par value; 125,000,000 shares authorized; none issued and outstanding — —

Common stock; $0.01 par value; 2,000,000,000 shares authorized; 282,218,158 shares at April 30, 2026 and 283,054,377 shares at October 31, 2025, issued and outstanding 3 3

Additional paid-in-capital 5,629 5,575

Retained earnings 1,692 1,389

Accumulated other comprehensive loss (202) (226)

Total stockholders' equity 7,122 6,741

Total liabilities and stockholders' equity $ 13,065 $ 12,727

The preliminary balance sheet is estimated based on our current information.

AGILENT TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(In millions)

(Unaudited)

PRELIMINARY

Six Months Ended

April 30, April 30,

2026 2025

Cash flows from operating activities:

Net income $ 644 $ 533

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 134 145

Share-based compensation 73 70

Deferred taxes expense (benefit) 57 (28)

Excess and obsolete inventory related charges 25 22

Net (gain) loss on equity securities (1) 27

Asset impairment charges — 15

Other non-cash (income) expense, net 4 2

Changes in assets and liabilities:

Accounts receivable, net (6) (27)

Inventory (85) (41)

Accounts payable 54 (27)

Employee compensation and benefits (59) (25)

Other assets and liabilities (295) (14)

Net cash provided by operating activities (a)

545 652

Cash flows from investing activities:

Payments to acquire property, plant and equipment (169) (211)

Payments in exchange for convertible note (1) (1)

Payments to acquire businesses and intangible assets, net of cash acquired — 4

Net cash used in investing activities (170) (208)

Cash flows from financing activities:

Proceeds from issuance of common stock under employee stock plans 32 31

Payment of taxes related to net share settlement of equity awards (29) (24)

Payments for repurchase of common stock (217) (255)

Payment of excise taxes related to repurchases of common stock (3) (10)

Payments of dividends (144) (141)

Proceeds from issuance of long-term debt — 4

Repayments of long-term debt (3) (1)

Net proceeds from (repayment of) short-term debt — 100

Payments of finance lease (2) —

Net cash used in financing activities (366) (296)

Effect of exchange rate movements 9 9

Net increase (decrease) in cash, cash equivalents and restricted cash 18 157

Cash, cash equivalents and restricted cash at beginning of period 1,791 1,332

Cash, cash equivalents and restricted cash at end of period $ 1,809 $ 1,489

Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheet:

Cash and cash equivalents $ 1,807 $ 1,486

Restricted cash, included in other assets 2 3

Total cash, cash equivalents and restricted cash $ 1,809 $ 1,489

(a) Cash payments included in operating activities:

Income tax payments, net of refunds received $ 320 $ 248

Interest payments, net of capitalized interest $ 45 $ 51

Net change in property, plant and equipment included in accounts payable and accrued liabilities-increase (decrease) $ (11) $ —

Excise tax on share repurchases, accrued but not paid $ 1 $ 2

The preliminary cash flow is estimated based on our current information.

AGILENT TECHNOLOGIES, INC.

NON-GAAP NET INCOME AND DILUTED EPS RECONCILIATIONS

(In millions, except per share data)

(Unaudited)

PRELIMINARY

Three Months Ended Six Months Ended

April 30, April 30,

2026 2025 2026 2025

Net Income Diluted

EPS Net Income Diluted

EPS

GAAP net income $ 339 $ 1.20 $ 215 $ 0.75 $ 644 $ 2.27 $ 533 $ 1.86

Non-GAAP adjustments:

Restructuring and other related costs 8 0.03 56 0.20 28 0.10 57 0.20

Asset impairments — — 15 0.05 — — 15 0.05

Intangible amortization 19 0.07 27 0.10 38 0.13 55 0.19

Transformational initiatives 39 0.14 24 0.08 58 0.21 30 0.10

Acquisition and integration costs 12 0.04 3 0.01 15 0.05 12 0.04

Net (gain) loss on equity securities 1 — 27 0.10 1 — 27 0.10

Pension settlement loss — — — — — — 14 0.05

Other 7 0.02 9 0.03 34 0.12 15 0.05

Adjustment for taxes (a)

(2) (0.01) (3) (0.01) (9) (0.03) (8) (0.02)

Non-GAAP net income $ 423 $ 1.49 $ 373 $ 1.31 $ 809 $ 2.85 $ 750 $ 2.62

(a) The adjustment for taxes excludes tax expense (benefits) that management believes are not directly related to on-going operations and which are either isolated, temporary or cannot be expected to occur again with any regularity or predictability such as the realized gain/loss due to sale of a business, windfall benefits on stock compensation, and the impact of R&D capitalization under section 174 of the Tax Cuts and Jobs Act of 2017 which does not apply for fiscal year 2026 due to the enactment of the One Big Beautiful Bill Act (OBBBA). For the three and six months ended April 30, 2026, management used a non-GAAP effective tax rate of 14.50%. For the three months ended April 30, 2025, management used a non-GAAP effective tax rate of 11.50%. For the six months ended April 30, 2025, management used a non-GAAP effective tax rate of 12.00%.

We provide non-GAAP net income and non-GAAP net income per share amounts in order to provide meaningful supplemental information regarding our operational performance and our prospects for the future. These supplemental measures exclude, among other things, charges related to restructuring and other related costs, asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, net (gain) loss on equity securities and pension settlement loss.

Restructuring and other related costs include incremental expenses incurred in the period associated with restructuring programs, usually aimed at changes in business and/or cost structure. Such costs may include one-time termination benefits including acceleration of stock-based compensation expense, facility-related costs and contract termination fees.

Asset impairments include assets that have been written down to their fair value.

Transformational initiatives include expenses associated with targeted cost reduction activities such as manufacturing transfers including costs to move manufacturing, site consolidations, legal entity and other business reorganizations, insourcing or outsourcing of activities. Such costs may include move and relocation costs, one-time termination benefits and other one-time reorganization costs. Included in this category are also expenses associated with company programs to transform our product lifecycle management (PLM) system and human resources and financial systems.

Acquisition and integration costs include all incremental expenses incurred to effect a business combination. Such acquisition costs may include advisory, legal, tax, accounting, valuation, and other professional or consulting fees. Such integration costs may include expenses directly related to integration of business and facility operations, the transfer of assets and intellectual property, information technology systems and infrastructure and other employee-related costs.

Net (gain) loss on equity securities relates to the realized and unrealized mark-to-market adjustments for our marketable and non-marketable equity securities.

Pension settlement loss resulted from the transfer of the Netherlands defined benefit plan to an unaffiliated insurance company.

Other includes certain legal costs and settlements, consulting costs, special compliance costs, acceleration of stock-based compensation expense and other miscellaneous adjustments.

Our management uses non-GAAP measures to evaluate the performance of our core businesses, to estimate future core performance and to compensate employees. Since management finds this measure to be useful, we believe that our investors benefit from seeing our results “through the eyes” of management in addition to seeing our GAAP results. This information facilitates our management’s internal comparisons to our historical operating results as well as to the operating results of our competitors.

Our management recognizes that items such as amortization of intangibles can have a material impact on our cash flows and/or our net income. Our GAAP financial statements including our statement of cash flows portray those effects. Although we believe it is useful for investors to see core performance free of special items, investors should understand that the excluded items are actual expenses that may impact the cash available to us for other uses. To gain a complete picture of all effects on the company’s profit and loss from any and all events, management does (and investors should) rely upon the GAAP income statement. The non-GAAP numbers focus instead upon the core business of the company, which is only a subset, albeit a critical one, of the company’s performance.

Readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, GAAP financial measures. They should be read in conjunction with the GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.

The preliminary non-GAAP net income and diluted EPS reconciliation is estimated based on our current information.

AGILENT TECHNOLOGIES, INC.

RECONCILIATION OF NON-GAAP INCOME FROM OPERATIONS AND OPERATING MARGIN

(In millions, except margin data)

(Unaudited)

PRELIMINARY

Year Over Year

Operating Operating Percent Pts

Q2'26 Margin % Q2'25 Margin % Inc/(Dec)

GAAP revenue: $ 1,835 $ 1,668

Income from operations:

GAAP Income from operations $ 399 21.7 % $ 300 18.0 %

Non-GAAP adjustments:

Restructuring and other related costs 8 56

Intangible amortization 19 27

Transformational initiatives 39 24

Acquisition and integration costs 12 3

Net (gain) loss on equity securities — 1

Other 6 8

Non-GAAP income from operations $ 483 26.4 % $ 419 25.1 % 1.3%

We provide non-GAAP income from operations and non-GAAP operating margin amounts in order to provide meaningful supplemental information regarding our operational performance and our prospects for the future. These supplemental measures exclude, among other things, charges related to restructuring and other related costs, amortization of intangibles, transformational initiatives, acquisition and integration costs and net (gain) loss on equity securities.

The preliminary reconciliation of income from operations and operating margins is estimated based on our current information.

AGILENT TECHNOLOGIES, INC.

SEGMENT INFORMATION

(In millions, except where noted)

(Unaudited)

PRELIMINARY

Quarter-over-Quarter

Life Sciences and Diagnostics Markets Segment

Q2'26 Q2'25

Revenue $ 732 $ 654

Gross Margin, % 54.1 % 52.8 %

Income from Operations $ 161 $ 129

Operating margin, % 22.0 % 19.7 %

Agilent CrossLab Segment

Q2'26 Q2'25

Revenue $ 759 $ 713

Gross Margin, % 55.5 % 55.5 %

Income from Operations $ 242 $ 231

Operating margin, % 32.0 % 32.4 %

Applied Markets Segment

Q2'26 Q2'25

Revenue $ 344 $ 301

Gross Margin, % 55.8 % 53.5 %

Income from Operations $ 80 $ 59

Operating margin, % 23.3 % 19.5 %

Income from operations reflect the results of our reportable segments under Agilent's management reporting system which are not necessarily in conformity with GAAP financial measures. Income from operations of our reporting segments exclude, among other things, charges related to restructuring and other related costs, amortization of intangibles, transformational initiatives, acquisition and integration costs and net (gain) loss on equity securities.

The preliminary segment information is estimated based on our current information.

AGILENT TECHNOLOGIES, INC.

RECONCILIATIONS OF REVENUE BY SEGMENT

EXCLUDING ACQUISITIONS, DIVESTITURES AND THE IMPACT OF CURRENCY ADJUSTMENTS (CORE)

(In millions)

(Unaudited)

PRELIMINARY

Year-over-Year

GAAP

GAAP Revenue by Segment Q2'26 Q2'25 Year-over-Year

% Change

Life Sciences and Diagnostics Markets Segment $ 732 $ 654 12%

Agilent CrossLab Segment 759 713 6%

Applied Markets Segment 344 301 14%

Agilent $ 1,835 $ 1,668 10%

Non-GAAP

(excluding Acquisitions and Divestitures)

Year-over-Year at Constant Currency (a)

Non-GAAP Revenue by Segment Q2'26 Q2'25 Year-over-Year

% Change Year-over-Year % Change Percentage Point Impact from Currency

Current Quarter Currency Impact (b)

Life Sciences and Diagnostics Markets Segment $ 732 $ 654 12% 9% 3 ppts $ 22

Agilent CrossLab Segment 759 713 6% 2% 4 ppts 29

Applied Markets Segment 344 301 14% 11% 3 ppts 10

Agilent (Core) $ 1,835 $ 1,668 10% 6% 4 ppts $ 61

We compare the year-over-year change in revenue excluding the effect of recent acquisitions and divestitures and foreign currency rate fluctuations to assess the performance of our underlying business.

(a) The constant currency year-over-year growth percentage is calculated by recalculating all periods in the comparison period at the foreign currency exchange rates used for accounting during the last month of the current quarter and then using those revised values to calculate the year-over-year percentage change.

(b) The dollar impact from the current quarter currency impact is equal to the total year-over-year dollar change less the constant currency year-over-year change.

The preliminary reconciliation of GAAP revenue adjusted for recent acquisitions and divestitures and impact of currency is estimated based on our current information.

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