Filing Flows › Waters (WAT) › Guidance history
Waters (WAT) guidance history: what it guided and what it reported
Waters gave guidance in 12 earnings releases on file since Feb 6, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +18.6% against the guided midpoint. Its releases raised guidance 7 times and lowered it 0 times.
Revenue
Met or beat 2 of 2 periods (2 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $1.8B–$1.8B (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | $1.7B–$1.8B (Aug 4, 2026) | — | to be reported | — |
| Q2 2026 | $1.6B–$1.6B (May 5, 2026) | $1.6B | above the range | +1.3% |
| Q1 2026 | $932M (Feb 9, 2026) | $1.3B | above the range | +35.9% |
GAAP EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q3 2025 | $2.47 (Aug 4, 2025) | — | — | — |
| Q1 2025 | $3.88 (Feb 12, 2025) | — | — | — |
| Q4 2024 | $2.71 (Nov 1, 2024) | — | — | — |
| Q3 2024 | $2.40 (Jul 31, 2024) | — | — | — |
| FY2024 | $1.72 (May 7, 2024) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $4.58–$4.68 (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | $3.95–$4.05 (Aug 4, 2026) | — | to be reported | — |
| Q2 2026 | $2.95–$3.05 (May 5, 2026) | — | — | — |
| Q1 2026 | $2.25–$2.35 (Feb 9, 2026) | — | — | — |
| FY2026 | $14.30–$14.50 (Feb 9, 2026) → raised $14.40–$14.60 (May 5, 2026) → lowered $3.05 (Aug 4, 2026) → raised $14.60–$14.70 (Nov 3, 2026) | — | to be reported | — |
| Q4 2025 | $4.45–$4.55 (Nov 4, 2025) | — | — | — |
| Q3 2025 | $2.95 (Aug 4, 2025) | — | — | — |
| Q2 2025 | $2.88–$2.98 (May 6, 2025) | — | — | — |
| FY2025 | $12.70–$13.00 (Feb 12, 2025) → raised $12.75–$13.05 (May 6, 2025) → raised $12.95–$13.05 (Aug 4, 2025) | — | — | — |
| Q1 2025 | $3.62 (Feb 12, 2025) | — | — | — |
The latest quarter
Waters, Q3 2026: revenue $1.8B (+121% year over year), operating margin 7.2%, net earnings $81.0M, operating cash flow $98.0M. The chart follows the revenue to costs, profit and cash.
Questions
Does Waters beat its guidance?
Waters gave guidance in 12 earnings releases on file since Feb 6, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +18.6% against the guided midpoint.
How often does Waters raise guidance?
Its earnings releases raised guidance 7 times and lowered it 0 times since Feb 6, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.