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Waters 8-K Report, Financial Results (Aug 4, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed August 4, 2026
Period End
August 4, 2026
Security
WAT
In the record · 2016–202610-K1210-Q338-K109

WAT filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 109 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jul ’17Jul ’17
  2. Material agreement8-K · Sep ’19Sep ’19
  3. Leadership change8-K · Oct ’21Oct ’21
  4. Material agreement8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed August 4, 2026. Cited figures are marked; the original filing is the authoritative source.

Waters Corporation (NYSE: WAT) filed an 8-K under Item 2.02 on August 4, 2026, furnishing its press release (Exhibit 99.1) reporting results for the second quarter ended July 4, 2026.

Reported revenue was $1.645 billiona, comprising $828 million of organic revenue and $817 million from the acquired Biosciences and Diagnostic Solutions (BDS) businesses. Organic revenue grew 7% as reported and 9% in constant currency. GAAP diluted EPS was a loss of $1.39, reflecting acquisition-related purchase accounting charges including amortization of acquired intangibles and inventory step-up, while adjusted EPS rose 3% to $3.05 from $2.95, at the high end of guidance.

The Analytical Sciences Division grew to $669 millionb from $627 million, and instrument revenue grew 8% in constant currency. Management raised every component of its full-year 2026 guidance. It now expects organic constant currency revenue growth of 7% to 9%, total reported revenue of $6.415 billion to $6.476 billion, acquired business reported revenue of approximately $3.045 billion, and adjusted EPS of $14.45 to $14.65, which the company says represents 10% to 12% year-over-year growth.

For the third quarter, the company guides organic constant currency revenue growth of 8% to 10%, total reported revenue of $1.745 billion to $1.762 billionc, and adjusted EPS of $3.95 to $4.05. Investors should note the scale of the BDS acquisition on the balance sheet: intangible assets rose to $8.521 billion from $558 million at year-end 2025, goodwill to $9.421 billion from $1.340 billion, and notes payable and debt to $5.086 billion from $1.407 billion.

GAAP results for the quarter include $232 milliond of amortization of BDS acquired intangibles and $155 million of inventory and fixed asset step-ups in cost of revenue, along with $49 million of restructuring charges. Management attributes the results to broad end-market recovery and early cost actions, which offset unfavorable foreign exchange translation.

02—Key points

Key Highlights

  1. Reported Q2 2026 revenue of $1.645 billion, including $828 million of organic revenue and $817 million from the acquired BDS businesses, surpassing the high end of guidance.
  2. Organic revenue grew 7% as reported and 9% in constant currency; ASD instrument revenue grew 8% in constant currency.
  3. GAAP diluted loss of $1.39 per share versus EPS of $2.47 a year earlier, driven by acquisition-related purchase accounting charges; adjusted EPS rose 3% to $3.05.
  4. Full-year 2026 guidance raised across all components: organic constant currency growth of 7% to 9%, reported revenue of $6.415 billion to $6.476 billion, and adjusted EPS of $14.45 to $14.65.
  5. Third-quarter 2026 guidance calls for organic constant currency growth of 8% to 10%, reported revenue of $1.745 billion to $1.762 billion, and adjusted EPS of $3.95 to $4.05.
  6. Balance sheet reflects the BDS acquisition: intangible assets of $8.521 billion and goodwill of $9.421 billion at July 4, 2026, up from $558 million and $1.340 billion at December 31, 2025.
  7. Notes payable and debt increased to $5.086 billion from $1.407 billion at year-end 2025.

03—Questions

Frequently Asked Questions

  1. How did Waters perform in the second quarter of 2026?

    Reported revenue was $1.645 billion, with organic revenue of $828 million growing 7% as reported and 9% in constant currency. Adjusted EPS was $3.05, up 3% from $2.95, while GAAP results showed a diluted loss of $1.39 per share.

  2. Why was the GAAP result a loss?

    The filing attributes the GAAP loss to acquisition-related purchase accounting charges, including amortization of acquired intangibles and inventory step-up. In the quarter, cost of revenue included $155 million of BDS-related purchase accounting adjustments and purchased intangibles amortization included $232 million.

  3. What changed in the full-year 2026 outlook?

    Waters raised every component of its full-year 2026 guidance, including organic constant currency revenue growth of 7% to 9%, total reported revenue of $6.415 billion to $6.476 billion, and adjusted EPS of $14.45 to $14.65, which the company says represents 10% to 12% growth.

  4. What does the company expect for the third quarter of 2026?

    Waters expects third-quarter organic constant currency revenue growth of 8% to 10%, total reported revenue of $1.745 billion to $1.762 billion including approximately $895 million of acquired business revenue, and adjusted EPS of $3.95 to $4.05.

  5. How did the BDS acquisition affect the balance sheet?

    At July 4, 2026, intangible assets were $8.521 billion, goodwill was $9.421 billion, and notes payable and debt were $5.086 billion, compared with $558 million, $1.340 billion, and $1.407 billion at December 31, 2025. Total assets rose to $24.751 billion from $5.077 billion.

04—Continue

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