Filing Flows › Waters (WAT) › Q2 2026 › vs Q2 2025
Waters (WAT) Q2 2026 vs Q2 2025 (year over year)
Waters's revenue rose $874M (+113%) from $771M in Q2 2025 to $1.6B in Q2 2026.
Waters, Q2 2026: revenue $1.6B (+113% year over year), operating margin -5.2%, net loss $136M, operating cash flow $201M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $771M | $874M | +113% |
| Income tax benefit | $5.0M | −$30.6M | $35.6M | — |
| Net loss | $136M | −$147M | $283M | — |
| Costs & expenses | $1.8B | $771M | $1.0B | +132% |
| Operating costs | $1.7B | $583M | $1.1B | +197% |
| Interest & other, net | $55.0M | $10.5M | $44.5M | +423% |
| Research & development | $122M | $48.5M | $73.5M | +151% |
| SG&A | $405M | $201M | $204M | +101% |
| Other operating costs | $1.2B | $11.9M | $1.2B | 101× |
| Depreciation & amortization | $301M | $0 | $301M | — |
| Share-based compensation | $25.0M | $0 | $25.0M | — |
| Net loss absorbed | $136M | −$147M | $283M | — |
Questions
How much did Waters's revenue grow year over year in Q2 2026?
Waters's revenue rose $874M (+113%) from $771M in Q2 2025 to $1.6B in Q2 2026.