The earnings call highlighted strong financial performance, driven by product innovation and regional growth, particularly in pharma and China. Despite some challenges in specific segments and external factors like tariffs, the company's raised guidance and strategic initiatives, including the pending combination with BD, indicate a positive outlook.

Company Guidance

During the Waters Corporation's Third Quarter 2025 earnings call, strong performance metrics were highlighted with significant growth reported across various segments. Sales increased by 8% both as reported and in constant currency, with instruments growing by 6% and recurring revenue by 9%. Notably, non-GAAP earnings per share rose 16% to $3.40, exceeding guidance expectations by $0.20. The company's diverse product portfolio saw impressive developments, such as the 300% year-over-year growth in Alliance iS sales and a 30% increase in Xevo TQ Absolute platforms. With robust demand in the pharma sector, particularly in China, which saw over 20% growth, and the successful advancement of innovative solutions like the Xevo CDMS, Waters raised its full-year 2025 guidance. They now anticipate constant currency sales growth between 6.7% and 7.3%, and adjusted earnings per share between $13.05 and $13.15, signaling strong double-digit growth.

Strong Revenue and Earnings Growth

Sales grew 8% as reported and in constant currency. Instruments grew 6%, and recurring revenue grew 9%. Non-GAAP earnings per share rose by 16% to $3.40.

Pharma and Regional Performance

Pharma segment grew 11%, with notable growth in the Americas and Asia regions. China showed particularly strong growth with more than 20% increase in pharma sales.

Product Innovation and Adoption

Launch of Xevo CDMS and strong growth in Xevo TQ Absolute platforms. New products launched over the past 5 years grew approximately 50% in the quarter.

Guidance Increase

Full-year 2025 guidance raised to 6.7% to 7.3% constant currency sales growth, and adjusted earnings per share guidance increased to $13.05 to $13.15.

Combination with BD's Bioscience & Diagnostic Solutions

Expected to complete around the end of Q1 2026, with plans for synergy realization and value creation.

Waters (WAT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WAT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 10, 2026	2025 (Q4)	4.52 / -	4.1	―	―	―
Nov 04, 2025	2025 (Q3)	3.21 / 3.40	2.93	16.04% (+0.47)
Aug 04, 2025	2025 (Q2)	2.94 / 2.95	2.63	12.17% (+0.32)
May 06, 2025	2025 (Q1)	2.22 / 2.25	2.21	1.81% (+0.04)
Feb 12, 2025	2024 (Q4)	4.03 / 4.10	3.62	13.26% (+0.48)
Nov 01, 2024	2024 (Q3)	2.68 / 2.93	2.84	3.17% (+0.09)
Jul 31, 2024	2024 (Q2)	2.57 / 2.63	2.8	-6.07% (-0.17)
May 07, 2024	2024 (Q1)	2.09 / 2.21	2.49	-11.24% (-0.28)
Feb 06, 2024	2023 (Q4)	3.55 / 3.62	3.84	-5.73% (-0.22)
Nov 07, 2023	2023 (Q3)	2.55 / 2.84	2.64	7.58% (+0.20)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WAT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2025	$345.59	$367.34	+6.29%
Aug 04, 2025	$290.31	$285.59	-1.63%
May 06, 2025	$348.38	$339.02	-2.69%
Feb 12, 2025	$405.29	$381.91	-5.77%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Waters Corp. (WAT) report earnings?

Waters Corp. (WAT) is schdueled to report earning on Feb 10, 2026, Before Open (Confirmed).

What is Waters Corp. (WAT) earnings time?

Waters Corp. (WAT) earnings time is at Feb 10, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WAT EPS forecast?

WAT EPS forecast for the fiscal quarter 2025 (Q4) is 4.52.

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