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USHealthcare

Waters Corporation (WAT)

US · Healthcare · Diagnostics & Research

$429.72+2.65%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$1.65B
Revenue YoY
+113.3%
Net profit
$-136.0M
Profit YoY
-192.4%
EPS
$3.05
EPS estimate
$3.01
Net margin
-8.3%

EPS came in at 3.05 against a street estimate of 3.01 — a beat of 1.3%.

Key statistics

Market cap
$41.10B
P/E
105.2
Forward P/E
24.1
P/B
2.70
Book value
$154.70
EPS (TTM)
$3.98
52-week high
$426.22
52-week low
$282.77
50-day MA
$395.51
200-day MA
$361.31
Beta
1.19

Analyst view

Analysts rate Waters Corporation a buy (7 buy, 15 hold, 0 sell out of 22) with an average price target of $442.71.

From the latest earnings call · 2026-08-04

CONFIDENT Waters beat Q2 guidance across all divisions. Organic revenue +9% constant currency; newly acquired BD businesses accelerated to 4% growth. Raised full-year EPS guidance 10–12% YoY. Strong momentum in pharma, GLP-1 testing, and diagnostic replacement cycles ahead. Q2 2026 Pharma grew double digits in U.S., China, rest of Asia. Academic & government mid-teens Europe, double-digits Asia, +6% Americas. China DRG headwinds persist but improving. Analysts pressed on BD sustainability (management confident in 6%+ exit & structural improvements), pricing feasibility (deal desk & compliance driving fast path to 150 bps), and reshoring upside timing (concrete '27–'30 opportunity, won't size). Management emphasized execution speed, customer collaboration, and visibility on catalysts. 2026-08-04…

Full summary in the app.

Shareholding

Insiders
0.10%
Institutions
102.30%

Largest institutional holders

FundStake
BlackRock Inc8.70%
Vanguard Capital Management, LLC6.49%
Vanguard Portfolio Management, LLC4.84%
T. Rowe Price Investment Management,Inc.4.75%
Massachusetts Financial Services Company4.71%
State Street Corp4.44%
Arnhold & S. Bleichroeder Advisers, LLC2.72%
Geode Capital Management, LLC2.69%

Recent filings & reports

DocumentDate
Board / officer change · Q3 2026
WATERS CORPORATION 8-K SUMMARY HEADLINE NUMBERS • Filing date: August 21, 2026 • Report covers event dated August 17, 2026 • Company: Waters Corporat
2026-08-21
Quarterly report · Q3 2026
WATERS CORPORATION - 10-Q SUMMARY FOR RETAIL INVESTORS HEADLINE NUMBERS • Total Revenues (6 months ended July 4, 2026): $2,912 million vs. $1,433 mi
2026-08-11
Results announced · Q3 2026
WATERS CORPORATION Q2 2026 FINANCIAL SUMMARY HEADLINE NUMBERS • Total Q2 2026 Revenue: $1.645 billion, surpassed high end of guidance range • Organi
2026-08-04
Shareholder vote results · Q2 2026
WATERS CORPORATION (WAT) - 8-K SUMMARY HEADLINE NUMBERS • Annual stockholder meeting held May 21, 2026 • 90,729,508 shares present or represented by
2026-05-22
Quarterly report · Q2 2026
WATERS CORPORATION – Q1 2026 (10-Q) SUMMARY HEADLINE NUMBERS • Total revenues: $1,267 million (Q1 2026) vs. $662 million (Q1 2025) — 91% increase
2026-05-12
Results announced · Q2 2026
WATERS CORPORATION Q1 2026 FINANCIAL RESULTS SUMMARY HEADLINE NUMBERS • Total Q1 2026 revenue: $1.267 billion – exceeded guidance high end by $56 mi
2026-05-05
Proxy statement · Q2 2026
WATERS CORPORATION – PROXY STATEMENT SUMMARY CEO COMPENSATION & CHANGE • Udit Batra (President & CEO) total compensation for 2025: Not explicitly st
2026-04-09
Annual report FY2025
WATERS CORPORATION – 10-K SUMMARY FOR RETAIL INVESTORS HEADLINE NUMBERS • Market capitalization as of June 28, 2025: $20,973,515,517 • Outstanding s
2026-02-23

Readable in the app.

Deals & corporate news

AnnouncementDate
Closing of transaction with board appointment of new director
Waters Corporation completed a transaction on February 9, 2026, involving the separation and merger of a business unit called SpinCo (Augusta SpinCo Corporation) with Becton, Dickinson and C
2026-02-09
Transaction closing expected February 9, 2026 following shareholder approval
Waters Corporation announced that a major transaction involving itself, BD (Becton Dickinson), and a newly created company called SpinCo is expected to close on February 9, 2026. Waters shar
2026-01-27
Merger agreement with BD and SpinCo subsidiary disclosed
Waters Corporation announced that two lawsuits have been filed by stockholders challenging its planned merger with Becton, Dickinson and Company (BD). The deal, announced July 13, 2025, is a
2026-01-16
Proposed transaction involving spin-off and merger with strategic partner
Waters Corporation filed an 8-K announcing a proposed transaction involving a spin-off of a business unit (Augusta SpinCo) from Becton, Dickinson and Company (BD), with Waters acquiring cert
2025-11-04

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Data updated 2026-09-18.