WATERS CORP

Waters (WAT) Stock

Global lab instrument maker for drug development and testing. Here's the price, business snapshot, and what's worth knowing about Waters in July 2026.

Waters Corporation (WAT) designs and manufactures laboratory analytical instruments — notably high-performance liquid chromatography and mass spectrometry systems — used to separate, identify and quantify chemical compounds. Its products, consumables and services serve pharmaceutical, biotech, chemical, food-safety and environmental laboratories worldwide. Revenue typically comprises capital equipment sales and recurring aftermarket consumables and service contracts, which can provide resilient cash flow but remain sensitive to capital spending cycles. Waters benefits from a strong installed base, long product lifecycles and regulatory-driven demand in drug development and quality control. Key considerations for investors include exposure to global pharmaceutical investment, competition from other instrument makers, currency and supply-chain risks, and the ongoing need for R&D. Market cap: $20.79B. This is general information for education, not personalised advice; values can rise or fall and past performance is not a guide.

Why It’s Moving

WATERS CORP

Waters Corp Shares Surge on Analyst Buoyancy as 2026 Forecast Points to 32% Upside Amid Strong Sector Momentum

Shares of Waters Corp (WAT) advanced as financial analysts consolidated their outlook, projecting significant upside driven by the company's robust earnings trajectory and expanding demand for advanced analytical solutions. Investors are reacting to a wave of consensus upgrades that highlight the firm's resilience and its strategic positioning in the high-growth biotech and pharmaceutical sectors.
Sentiment:
🐃Bullish
  • : Analysts have issued a consensus 'Buy' rating, citing a 2026 average price target that forecasts a 32% increase, signaling strong confidence in the company's ability to capitalize on rising global demand for precision testing equipment.
  • : Earnings projections for 2027 show net income per share climbing to $16.55, with implications that the company is successfully navigating operational complexities while maintaining a competitive edge in the analytical instrumentation market.
  • : The sector-wide trend of increased capital investment in biotech research is fueling positive sentiment, with analysts noting that Waters Corp's diversified product portfolio is well-aligned to capture this accelerating market expansion.

When is the next earnings date for WATERS CORP (WAT)?

The next earnings report for Waters Corporation (WAT) is estimated to be released on August 3, 2026, though the company has not yet officially confirmed this date. This announcement will cover the company's second-quarter (Q2) fiscal 2026 results. Based on historical reporting schedules, the Q2 earnings date typically falls in early August, aligning with the current estimate. Investors should monitor official company filings for the final confirmed release date.

Stock Performance Snapshot

Buy

Analyst Rating

Analysts recommend buying Waters Corporation's stock with a target price of $372.85, indicating growth potential.

Above Average

Financial Health

Waters Corporation is performing well with strong revenue, profits, and cash flow generation.

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

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Why You’ll Want to Watch This Stock

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Aftermarket Revenue Strength

Consumables and service contracts create steady recurring income that can stabilise revenue, though instrument orders remain cyclical and can vary.

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Pharma & Regulation Demand

Demand from drug development and regulatory testing supports long-term need for high-end instruments, but exposure to regulatory cycles and geographic shifts adds variability.

Innovation & Competition

Continued R&D keeps the product line competitive in high-precision analytics, yet heavy R&D spend and rival technologies present execution risks.

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6% Interest on Cash

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