Filing Flows › Waters (WAT) › R&D spending
Waters (WAT) R&D spending by quarter
Waters' R&D spending was $106M in Q3 2026 (third quarter 2026), -13% from Q2 2026. Over the last 7 quarters it ranged from $46.9M (Q4 2025) to $122M (Q2 2026).
| Quarter | R&D spending | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | $106M | -13% | +98% |
| Q2 2026 | $122M | +27% | +149% |
| Q1 2026 | $96.0M | +105% | +104% |
| Q4 2025 | $46.9M | -13% | — |
| Q3 2025 | $53.6M | +9% | — |
| Q2 2025 | $49.0M | +4% | — |
| Q1 2025 | $47.0M | — | — |
Q3 2026 at a glance
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
What is Waters' R&D spending?
Waters' R&D spending was $106M in Q3 2026 (third quarter 2026), -13% from Q2 2026.
How has Waters' R&D spending changed?
Over the last 7 quarters it ranged from $46.9M (Q4 2025) to $122M (Q2 2026).