Waters Corp (WAT) Financials
Key financial figures for Waters Corp (Q3 2026).
Waters reported Q3 2026 revenue of $1.767 billion and adjusted EPS of $4.10, both above the top of its own guidance range, and raised full-year 2026 guidance on every component. Revenue vs guidance: Total reported revenue was $1.767 billion versus the $1.745 to $1.762 billion range given in August, and adjusted EPS was $4.10 (up 21% from $3.40) versus the $3.95 to $4.05 range. Reported revenue was $871 million organic and $896 million from the acquired Biosciences and Diagnostic Solutions (BDS) businesses. Organic growth: Organic revenue grew 9% as reported and 10% in constant currency, at the top of the 8% to 10% guided range. On the outlook: Full-year 2026: total reported revenue $6.479 to $6.497 billion (prior $6.415 to $6.476 billion), organic constant currency revenue growth 9.1% to 9.7% (prior 7.0% to 9.0%), acquired business revenue about $3.050 billion (prior about $3.045 billion), adjusted EPS $14.60 to $14.70 (prior $14.45 to $14.65). Fourth quarter 2026: total reported revenue $1.801 to $1.819 billion, organic constant currency revenue growth 7.0% to 9.0%, acquired business revenue about $817 million, adjusted EPS $4.58 to $4.68. Figures are for Q3 2026, as Waters Corporation reported them.
- Revenue
- $1.8B
- Net Income
- $81M
- EPS
- $0.83
- Total Assets
- $24.1B
- Operating Cash Flow
- $98M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $1.8B | $81M | $0.82 | 7.24% | $55M |
| Q2 FY2026 | $1.6B | -$136M | -$1.39 | -5.23% | $153M |
| Q1 FY2026 | $1.3B | -$72M | -$0.87 | -3.71% | -$42M |
| Q4 FY2025 | $932M | $225M | $3.77 | 33.31% | $126M |
| Q3 FY2025 | $800M | $149M | $2.50 | 24.02% | $162M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $3.2B | $643M | $10.76 | 28.22% | $540M |
| FY2024 | $3.0B | $638M | $10.71 | 27.93% | $620M |
| FY2023 | $3.0B | $642M | $10.84 | 27.66% | $442M |
Frequently asked questions
What was Waters Corporation's revenue last quarter?
Waters Corporation reported revenue of $1.77 billion for Q3 FY2026, up 120.9% from the same period a year earlier.
Is Waters Corporation profitable?
Yes. Waters Corporation reported net income of $81.0 million for Q3 FY2026, a net margin of 4.58% on revenue.
How has Waters Corporation's margin trended?
Operating margin was 7.24% in Q3 FY2026, compared with 24.02% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Waters Corporation generate?
Waters Corporation generated free cash flow of $55.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Waters Corp on SentiSense, with up to forty quarters and twenty fiscal years of history.