通过分析代码智能体的执行轨迹，揭示其成功与失败的内在规律。

The increasing deployment of Large Language Model (LLM) agents for complex software engineering tasks has created a need to understand their problem-solving behaviours beyond simple success metrics. While these agents demonstrate impressive capabilities in automated issue resolution, their decision-making processes remain largely opaque. This paper presents an empirical study of agent trajectories, namely the execution traces capturing the steps agents take when attempting to resolve software issues. We analyse trajectories from three state-of-the-art code agents (OpenHands, SWE-agent, and Prometheus) on the SWE-Bench benchmark, examining both successful and failed attempts. Our investigation reveals several key insights into agent behaviour. First, we identify how distinct problem-solving strategies, such as defensive programming and context gathering, enable success in different scenarios. Second, we find that failed trajectories are consistently longer and exhibit higher variance than successful ones, with failure patterns differing significantly between agents. Third, our fault localisation analysis shows that while most trajectories correctly identify problematic files (72-81\% even in failures), success depends more on achieving approximate rather than exact code modifications. These and other findings unveiled by our study, provide a foundation for understanding agent behaviour through trajectory analysis, contributing to the development of more robust and interpretable autonomous software engineering systems.