Waters Corporation WAT Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Waters Advanced Diagnostics | $349M— | —— | —— | —— | $53M— | |
| Waters Analytical And Materials Sciences | $686M— | —— | —— | —— | $609M— | |
| Waters Biosciences | $232M— | —— | —— | —— | $0— | |
| Operating Income by Business | ||||||
| Waters Advanced Diagnostics | $70M— | —— | —— | —— | $20M— | |
| Waters Analytical And Materials Sciences | $236M— | —— | —— | —— | $215M— | |
| Waters Biosciences | $83M— | —— | —— | —— | $0— | |
| Operating Income Loss Margin by Business | ||||||
| Waters Advanced Diagnostics | 20.1%— | —— | —— | —— | 37.7%— | |
| Waters Analytical And Materials Sciences | 34.4%— | —— | —— | —— | 35.3%— | |
| Waters Biosciences | 35.8%— | —— | —— | —— | 0%— | |
| Other Expenses by Business | ||||||
| Waters Advanced Diagnostics | $132M— | —— | —— | —— | $11M— | |
| Waters Analytical And Materials Sciences | $44M— | —— | —— | —— | $146M— | |
| Waters Biosciences | $53M— | —— | —— | —— | $0— | |
| Labor And Related Expense by Business | ||||||
| Waters Advanced Diagnostics | $50M— | —— | —— | —— | $7M— | |
| Waters Analytical And Materials Sciences | $159M— | —— | —— | —— | $76M— | |
| Waters Biosciences | $34M— | —— | —— | —— | $0— | |
| Reclassification Of Goodwill by Business | ||||||
| Waters Advanced Diagnostics | $101M— | —— | —— | —— | —— | |
| Waters Analytical And Materials Sciences | -$101M— | —— | —— | —— | —— | |
| Waters Biosciences | $0— | —— | —— | —— | —— | |
| Goodwill by Business | ||||||
| Biosciences | $3.8B— | —— | —— | —— | —— | |
| Waters Advanced Diagnostics | $3.37B— | $0— | —— | —— | —— | |
| Waters Analytical And Materials Sciences | $2.11B+57.2% | $1.34B— | —— | —— | —— | |
| Waters Biosciences | $3.84B— | $0— | —— | —— | —— | |
| Goodwill Foreign Currency Translation Gain Loss by Business | ||||||
| Waters Advanced Diagnostics | $7M— | —— | —— | —— | —— | |
| Waters Analytical And Materials Sciences | $2M— | —— | —— | —— | —— | |
| Waters Biosciences | $7M— | —— | —— | —— | —— | |
| Goodwill Acquired by Business | ||||||
| Waters Advanced Diagnostics | $3.28B— | —— | —— | —— | —— | |
| Waters Analytical And Materials Sciences | $870M— | —— | —— | —— | —— | |
| Waters Biosciences | $3.84B— | —— | —— | —— | —— | |
| Cost Direct Material by Business | ||||||
| Waters Advanced Diagnostics | $52M— | —— | —— | —— | $14M— | |
| Waters Analytical And Materials Sciences | $146M— | —— | —— | —— | $87M— | |
| Waters Biosciences | $37M— | —— | —— | —— | $0— | |
| Cost Direct Labor by Business | ||||||
| Waters Advanced Diagnostics | $45M— | —— | —— | —— | $1M— | |
| Waters Analytical And Materials Sciences | $101M— | —— | —— | —— | $85M— | |
| Waters Biosciences | $25M— | —— | —— | —— | $0— | |
| Revenue by Product | ||||||
| Consumables | $543M— | —— | —— | —— | $138M— | |
| Instrument Systems | $376M-13.1% | $432.85M+26.8% | $341.48M+10.7% | $308.42M+17.3% | $263M-37.3% | |
| Service | $348M+5.7% | $329.16M+9.7% | $299.92M+0.7% | $297.93M+14.2% | $261M-13.5% | |
| Revenue by Geography | ||||||
| Americas Other | $90M+57.1% | $57.29M+20.5% | $47.56M-6.0% | $50.61M+26.5% | $40M-31.1% | |
| Americas | $505M+51.9% | $332.42M+13.5% | $292.81M+4.3% | $280.74M+9.7% | $256M-20.3% | |
| Asia Other | $197M+17.3% | $168.02M+7.6% | $156.2M+5.0% | $148.81M+14.5% | $130M-19.9% | |
| Asia Pacific | $350M+23.3% | $283.97M+5.3% | $269.71M+1.4% | $265.94M+20.3% | $221M-19.0% | |
| European Union | $412M— | —— | —— | —— | $185M— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Waters Corporation break its business down?
- Waters Corporation (WAT) reports revenue by business across 3 parts — Waters Advanced Diagnostics, Waters Analytical And Materials Sciences and Waters Biosciences. Each is extracted from the segment footnotes and tracked over time.
- Where does Waters Corporation's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Waters Corporation's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
