Waters Corp Cuts 2026 Revenue Outlook After Q4 EPS, Revenue Miss
Waters Corp reported Q4 adjusted earnings of $1.29 per share, missing the $1.33 consensus estimate, while revenue of $715 million fell short of the $725 million analysts forecast. Management trimmed full-year revenue guidance to $2.85 billion–$2.90 billion from $2.88 billion–$2.94 billion, sending shares lower.
1. Q4 Earnings and Revenue Results
Waters Corp delivered Q4 adjusted earnings of $1.29 per share versus the $1.33 expected, marking a year-over-year decline of 5%. Revenue of $715 million missed the $725 million consensus as instrument sales in pharmaceutical and biotech segments softened.
2. Guidance Cut and Investor Response
Leadership narrowed fiscal 2026 revenue guidance to $2.85 billion–$2.90 billion from a prior range of $2.88 billion–$2.94 billion, citing currency headwinds and softer ordering cycles. The revised outlook prompted a more than 5% drop in share price during intraday trading.