Service — Revenue
Waters Corporation Service — Revenue increased by 5.7% to $348.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 33.2%, from $261.18M to $348.00M. Over 4 years (FY 2021 to FY 2025), Service — Revenue shows an upward trend with a 5.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates a growing installed base of instruments or higher service contract attachment rates, while a decrease may signal reduced equipment usage or competitive pressure in the aftermarket.
Detailed definition
This metric represents the total gross revenue generated specifically from service-related activities, such as maintenan...
Peer comparison
Peers in the life sciences and analytical instrumentation sector typically report this as 'Service Revenue' or 'Aftermarket Revenue', which is generally viewed as a stable, high-margin component of total revenue.
wat_segment_service_revenue_from_contract_with_customer_excluding_assessed_taxHistorical 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 | $240.69M | $240.10M | $256.49M | $239.73M | $244.69M | $243.63M | $255.73M | $248.22M | $262.65M | $263.61M | $278.89M | $260.69M | $273.39M | $278.29M | $301.84M | $261.18M | $297.93M | $299.92M | $329.16M | $348.00M |
| QoQ Change | — | -0.2% | +6.8% | -6.5% | +2.1% | -0.4% | +5.0% | -2.9% | +5.8% | +0.4% | +5.8% | -6.5% | +4.9% | +1.8% | +8.5% | -13.5% | +14.1% | +0.7% | +9.7% | +5.7% |
| YoY Change | — | — | — | — | +1.7% | +1.5% | -0.3% | +3.5% | +7.3% | +8.2% | +9.1% | +5.0% | +4.1% | +5.6% | +8.2% | +0.2% | +9.0% | +7.8% | +9.0% | +33.2% |
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Frequently Asked Questions
- What is Waters Corporation's service — revenue?
- Waters Corporation (WAT) reported service — revenue of $348.00M in Q1 2026.
- How has Waters Corporation's service — revenue changed year-over-year?
- Waters Corporation's service — revenue increased by 33.2% year-over-year, from $261.18M to $348.00M.
- What is the long-term trend for Waters Corporation's service — revenue?
- Over 4 years (2021 to 2025), Waters Corporation's service — revenue has grown at a 5.4% compound annual growth rate (CAGR), from $963.80M to $1.19B.
- What does service — revenue mean?
- The total revenue earned from providing maintenance and support services to customers.