Product — Cost of Goods Sold
Waters Corporation Product — Cost of Goods Sold increased by 117.8% to $524.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 210.9%, from $168.56M to $524.00M. Over 4 years (FY 2021 to FY 2025), Product — Cost of Goods Sold shows relatively stable performance with a 2.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue may signal rising input costs, supply chain inefficiencies, or unfavorable product mix, whereas a decrease suggests improved manufacturing productivity or economies of scale.
Detailed definition
This metric captures the direct costs associated with manufacturing and delivering the company's analytical instruments...
Peer comparison
Comparable to 'Cost of Product Revenue' or 'Cost of Goods Sold' for hardware-centric segments in the scientific instrumentation industry.
wat_segment_product_cost_of_goods_and_services_soldHistorical 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 | $176.75M | $171.36M | $245.53M | $191.61M | $202.36M | $199.92M | $242.33M | $180.35M | $194.35M | $184.33M | $207.33M | $153.18M | $175.84M | $193.38M | $225.52M | $168.56M | $200.49M | $210.63M | $240.58M | $524.00M |
| QoQ Change | — | -3.0% | +43.3% | -22.0% | +5.6% | -1.2% | +21.2% | -25.6% | +7.8% | -5.2% | +12.5% | -26.1% | +14.8% | +10.0% | +16.6% | -25.3% | +18.9% | +5.1% | +14.2% | +117.8% |
| YoY Change | — | — | — | — | +14.5% | +16.7% | -1.3% | -5.9% | -4.0% | -7.8% | -14.4% | -15.1% | -9.5% | +4.9% | +8.8% | +10.0% | +14.0% | +8.9% | +6.7% | +210.9% |
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Frequently Asked Questions
- What is Waters Corporation's product — cost of goods sold?
- Waters Corporation (WAT) reported product — cost of goods sold of $524.00M in Q1 2026.
- How has Waters Corporation's product — cost of goods sold changed year-over-year?
- Waters Corporation's product — cost of goods sold increased by 210.9% year-over-year, from $168.56M to $524.00M.
- What is the long-term trend for Waters Corporation's product — cost of goods sold?
- Over 4 years (2021 to 2025), Waters Corporation's product — cost of goods sold has grown at a 2.2% compound annual growth rate (CAGR), from $752.51M to $820.27M.
- What does product — cost of goods sold mean?
- The direct costs incurred to manufacture and deliver the company's physical products to customers.