Agilent Technologies, Inc. A

Revenue Intelligence Report • 53 quarters of SEC filing data • Updated 2026-03-15

Under the model, SG&A spending is a positive driver of long-run revenue, with a ROI of about 4.78 in revenue per dollar, while R&D spending is modeled as a negative driver, subtracting roughly 7.10 in long-run revenue per dollar. The latest quarterly revenue came in at $1.798 billion. The holdout test produced a forecast of $1.7 billion versus actual $1.8 billion (5.1% error), with an overall MAPE of 3.0%. The FY revenue forecast is $7.4 billion, up 7.8% year over year, signaling continued growth but with a spend mix that emphasizes SG&A over R&D in this framework.

Investment Thesis

The econometric model achieves strong accuracy (3.0% MAPE), suggesting Agilent Technologies, Inc.'s revenue trajectory is well-characterized by its spending patterns. Each $1 of SG&A spending generates $4.78 in revenue, reflecting strong commercial efficiency.

Next FY Revenue
$7.42B
+7.8% YoY
R&D Multiplier
$-7.10 per $1
SG&A Multiplier
$4.78 per $1
Model Accuracy
3.0% MAPE
Holdout validation: The model predicted $1.7B vs the actual $1.8B — an error of 5.1%.
⚠ Model limitation: This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.

Revenue Forecast

A Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $1.7B $1.8B $1.6B – $1.8B +8.1% ✓ In range
Q1 2026 $1.8B $1.7B – $2.0B +8.4%
Q2 2026 $1.8B $1.6B – $2.0B +9.6%
Q3 2026 $1.9B $1.7B – $2.1B +7.4%
Q4 2026 $1.9B $1.7B – $2.1B +5.9%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Agilent Technologies, Inc.'s systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Sep–Nov) 1.0 +0.0% In line with trend 0
FQ2 (Dec–Feb) 1.0073 +0.7% In line with trend 17
FQ3 (Mar–May) 0.9969 -0.3% In line with trend 16
FQ4 (Jun–Aug) 1.011 +1.1% In line with trend 16

How Spending Drives Revenue

A Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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