Instrument Systems — Revenue
Waters Corporation Instrument Systems — Revenue decreased by 13.1% to $376.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 43.0%, from $262.89M to $376.00M. Over 4 years (FY 2021 to FY 2025), Instrument Systems — Revenue shows relatively stable performance with a 0.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong demand for new laboratory infrastructure and capital equipment upgrades, while a decrease may signal market saturation, longer sales cycles, or reduced research and development spending by clients.
Detailed definition
This metric represents the total revenue generated from the sale of analytical instrument systems, including liquid chro...
Peer comparison
Comparable to capital equipment revenue segments in life sciences and analytical instrumentation peers, often tracked as a proxy for R&D investment trends in the broader scientific community.
wat_segment_instrument_systems_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $314.50M | $296.09M | $441.23M | $325.22M | $337.68M | $336.83M | $463.04M | $302.94M | $342.01M | $319.43M | $397.20M | $241.94M | $294.06M | $323.08M | $419.62M | $262.89M | $308.42M | $341.48M | $432.85M | $376.00M |
| QoQ Change | — | -5.9% | +49.0% | -26.3% | +3.8% | -0.3% | +37.5% | -34.6% | +12.9% | -6.6% | +24.3% | -39.1% | +21.5% | +9.9% | +29.9% | -37.3% | +17.3% | +10.7% | +26.8% | -13.1% |
| YoY Change | — | — | — | — | +7.4% | +13.8% | +4.9% | -6.9% | +1.3% | -5.2% | -14.2% | -20.1% | -14.0% | +1.1% | +5.6% | +8.7% | +4.9% | +5.7% | +3.2% | +43.0% |
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Frequently Asked Questions
- What is Waters Corporation's instrument systems — revenue?
- Waters Corporation (WAT) reported instrument systems — revenue of $376.00M in Q1 2026.
- How has Waters Corporation's instrument systems — revenue changed year-over-year?
- Waters Corporation's instrument systems — revenue increased by 43.0% year-over-year, from $262.89M to $376.00M.
- What is the long-term trend for Waters Corporation's instrument systems — revenue?
- Over 4 years (2021 to 2025), Waters Corporation's instrument systems — revenue has grown at a 0.6% compound annual growth rate (CAGR), from $1.31B to $1.35B.
- What does instrument systems — revenue mean?
- The total sales revenue generated from the company's core analytical hardware and instrument product lines.