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Waters Corp (WAT) stock

WATNYSELaboratory Analytical InstrumentsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 11, 2026Score 9/30431% above fair value
$462.72−17.35 (-3.61%)

Close on Oct 30, 2026Market cap $45.46BP/E 115.4Yield –

Earnings

Waters's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 3, 2026
Q3 FY2026 · estimated, before the open
Revenue, Q2 FY2026
$1.65B
+113.4% on a year earlier
Adjusted EPS, Q2 FY2026
$3.05
$2.95 a year earlier
Latest guidance
Raised
Aug 4, 2026 · 10 items

Quarterly results

Revenue and earnings per share from each of Waters's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q3 FY2026ended Sep 27, 2026Nov 3, 2026Expected–––––
Q2 FY2026ended Jul 4, 2026Aug 4, 2026before the open$1.65B+113.4%-$1.39$3.05Release
Q1 FY2026ended Apr 4, 2026May 5, 2026before the open$1.27B+91.4%-$0.87$2.70Release
Q4 FY2025ended Dec 31, 2025Feb 9, 2026before the open$932.00M+6.8%$3.77$4.53Release
Q3 FY2025ended Sep 27, 2025Nov 4, 2025before the open$800.00M+8.1%$2.50$3.40Release
Q2 FY2025ended Jun 28, 2025Aug 4, 2025before the open$771.00M+8.7%$2.47$2.95Release
Q1 FY2025ended Mar 29, 2025May 6, 2025before the open$662.00M+3.9%$2.03$2.25Release
Q4 FY2024ended Dec 31, 2024Feb 12, 2025before the open$873.00M+6.6%$3.88$4.10Release
Q3 FY2024ended Sep 28, 2024Nov 1, 2024before the open$740.00M+3.9%$2.71$2.93Release
Q2 FY2024ended Jun 29, 2024Jul 31, 2024before the open$709.00M-4.3%$2.40$2.63Release
Q1 FY2024ended Mar 30, 2024May 7, 2024before the open$637.00M-7.0%$1.72$2.21Release
Q4 FY2023ended Dec 31, 2023Feb 6, 2024before the open$819.00M-4.7%$3.65$3.62Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Waters's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
organic reported revenueGAAPQ3 FY2026$850.00M – $867.00M–NewAug 4, 2026
adjusted EPSnon-GAAPQ3 FY2026$3.95 – $4.05–NewAug 4, 2026
organic constant currency revenue growthnon-GAAPQ3 FY2026+8% – +10%–NewAug 4, 2026
organic reported revenueGAAPFY2026$3.37B – $3.43B$6.41B – $6.46BLoweredAug 4, 2026
organic reported revenueFY2026$3.37B – $3.42B–NewMay 5, 2026
organic, constant currency revenue growthnon-GAAPFY2026+6.5% – +8%+5.5% – +7%RaisedMay 5, 2026
GAAP earnings per diluted shareGAAPFY2026$6.63 – $6.83–NewFeb 9, 2026
adjusted EPSnon-GAAPFY2026$14.45 – $14.65$14.40 – $14.60RaisedAug 4, 2026
organic constant currency revenue growthnon-GAAPFY2026+7% – +9%–NewAug 4, 2026

Guidance vs results

The last range Waters gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q2 FY2026adjusted EPS$2.95 – $3.05$3.05Within range
Q2 FY2026Revenue$802.00M$1.65BAbove range
Q1 FY2026EPS (GAAP)$0.05 – $0.15-$0.87Below range
Q1 FY2026non-GAAP EPS$2.25 – $2.35$2.70Above range
Q1 FY2026Revenue$1.20B – $1.21B$1.27BAbove range
FY2025EPS (GAAP)$11.10 – $11.20$10.77Σ4QBelow range
FY2025non-GAAP EPS$13.05 – $13.15$13.13Σ4QWithin range
FY2025Revenue growth+6.5% – +7.1%+6.96%Σ4QWithin range
Q4 FY2025non-GAAP EPS$4.45 – $4.55$4.53Within range
Q4 FY2025Revenue growth+5.2% – +7.2%+6.76%Within range
Q3 FY2025non-GAAP EPS$3.15 – $3.25$3.40Above range
Q3 FY2025Revenue growth+4.5% – +6.5%+8.11%Above range

Guidance history

Every forecast Waters put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Aug 4, 2026adjusted EPSFY2026$14.45 – $14.65Raised
Aug 4, 2026adjusted EPSQ3 FY2026$3.95 – $4.05New
Aug 4, 2026organic constant currency revenue growthFY2026+7% – +9%New
Aug 4, 2026organic constant currency revenue growthQ3 FY2026+8% – +10%New
Aug 4, 2026organic reported revenueFY2026$3.37B – $3.43BLowered
Aug 4, 2026acquired business reported revenueFY2026$3.05BLowered
Aug 4, 2026Total Company reported revenueFY2026$6.42B – $6.48BRaised
Aug 4, 2026organic reported revenueQ3 FY2026$850.00M – $867.00MNew
Aug 4, 2026acquired business reported revenueQ3 FY2026$895.00MRaised
Aug 4, 2026Total Company reported revenueQ3 FY2026$1.75B – $1.76BRaised
May 5, 2026adjusted EPSFY2026$14.40 – $14.60Raised
May 5, 2026adjusted EPSQ2 FY2026$2.95 – $3.05New
May 5, 2026organic, constant currency revenue growthFY2026+6.5% – +8%Raised
May 5, 2026organic reported revenueFY2026$3.37B – $3.42BNew
May 5, 2026acquired business reported revenueFY2026$3.04BLowered
May 5, 2026reported revenueFY2026$6.41B – $6.46BRaised
May 5, 2026organic constant currency revenue growthQ2 FY2026+6% – +8%New
May 5, 2026organic reported revenueQ2 FY2026$814.00M – $829.00MNew
May 5, 2026acquired business reported revenueQ2 FY2026$802.00MLowered
May 5, 2026reported revenueQ2 FY2026$1.62B – $1.63BRaised

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Waters filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. News
  4. News
  5. News
  6. Update
  7. Update
  8. Update
  9. Results
  10. Update
  11. Update
  12. Results
  13. Results
  14. Update
  15. Update