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WAT

Waters Corporation

WAT

NYSE·Healthcare·Medical - Diagnostics & Research·Mkt cap $24.6B

$376.08

-0.54%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$275.05 - $414.15

P/E

47.79

Fwd P/E

26.33

Beta

1.20

Div Yield

0.00%

Avg Vol

1.0M

Shares Out

59.5M

Mkt Cap

$24.6B

Price action

Price chart

Up 7.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Advanced proprietary technologies
  • Comprehensive analytical workflow solutions
  • Broad global customer base
  • Strong research and development capabilities

Bear Case

1 risk

  • Average volatility.

Growth

Mild headwinds expected

Increasing pharmaceutical research spending

Value

Attractively priced below Life Sciences Tools peer average

Momentum

Hot

+24.3% over 3m

Quality

Strong

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 4, 2026

Q2 26 RECAP

MAY 5, 2026

Reported EPS of $2.70 vs $2.31 consensus (+16.9% surprise). Revenue of $1.3B vs $1.2B expected (+5.3%). Beat on both top and bottom lines.

EPS beat +16.9%
Rev beat +5.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+16.9%

Next: May 4, 2026

Revenue trend · last 8Q

+6%

+4%

+9%

+8%

+7%

+91%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$708.5M

$740.3M

$872.7M

$661.7M

$771.3M

$799.9M

$932.4M

$1.3B

Margins · last 8Q

Gross

Operating

Profit

-5.7%

Wall Street consensus

11 analysts · 27% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

27%

Hold

8

73%

Sell

0%

Median Price Target

$387.00

+2.9% vs $376.08

Low $350.00
Median $387.00
High $435.00

Latest: Piper Sandler · Jun 11, 2026

5 analysts covering

vs Industry

How WAT stacks vs Medical - Diagnostics & Research

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.