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Waters Corporation (WAT)

476.70 +19.10 (+4.17%)
At close: November 9 at 4:02:26 PM EST
477.24 +0.54 (+0.11%)
After hours: November 9 at 4:33:43 PM EST
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What's happening with WAT?

58m ago
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Waters delivered a strong Q3 2026, with $1.767 billion in revenue, 10% organic constant-currency growth, and 21% adjusted EPS growth. Management raised 2026 guidance and introduced a constructive 2027 framework, while valuation, integration costs, China weakness, and lower reported earnings remain key investor concerns. WAT’s most recent completed trading-day move was up 4.29% on November 9, including regular-session and after-hours trading; the market is closed now.

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  • Previous Close 457.60
  • Open 463.49
  • Bid --
  • Ask --
  • Day's Range 457.57 - 480.32
  • 52 Week Range 282.77 - 482.28
  • Volume 1,137,439
  • Avg. Volume 823,143
  • Market Cap (intraday) 46.805B
  • Beta (5Y Monthly) 1.15
  • PE Ratio (TTM) 199.46
  • EPS (TTM) 2.39
  • Earnings Date Nov 3, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 503.29
  • Morningstar Rating Rating available with Stock Picks access

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. The company operates through two segments, Waters and TA. The company designs, manufactures, sells, and services liquid chromatography, as well as mass spectrometry (MS) technology systems and supports products, including chromatography columns, and other consumable products. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer goods, and healthcare products, as well as for life science research; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. In addition, the company offers MS technology, which is used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. Its products are used by clinical, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. The company was founded in 1958 and is headquartered in Milford, Massachusetts.

www.waters.com

15,000

Full Time Employees

December 31

Fiscal Year Ends

Healthcare

Sector

Recent News

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Performance Overview

Trailing total returns as of 11/9/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

WAT
25.50%
S&P 500 (^GSPC)
10.29%

1-Year Return

WAT
28.25%
S&P 500 (^GSPC)
12.20%

3-Year Return

WAT
88.36%
S&P 500 (^GSPC)
73.67%

5-Year Return

WAT
36.14%
S&P 500 (^GSPC)
61.14%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 1.77B
Earnings 81M
Profit Margin 4.58%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
500M
1B
2B
0.0%
10.0%
20.0%

Analyst Insights

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Analyst Price Targets

387.00 Low
503.29 Average
476.70 Current
550.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 11/4/2026
Analyst Citigroup
Rating Action Maintains
Rating Buy
Price Action Raises
Price Target 470 -> 536

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    1.76%

  • Return on Assets (ttm)

    2.36%

  • Return on Equity (ttm)

    1.12%

  • Revenue (ttm)

    5.61B

  • Net Income Avi to Common (ttm)

    98.63M

  • Diluted EPS (ttm)

    2.39

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    593M

  • Total Debt/Equity (mrq)

    33.57%

  • Levered Free Cash Flow (ttm)

    --

Company Insights

Research Reports

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