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Waters's Business Segments
Waters's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
3
Largest Segment
Waters Analytical and Materials Sciences
Total Revenue
$ 1,267
Regions Reported
3
Revenue Share by Reportable Segment - Q1 FY2026
- Waters Analytical and Materials Sciences54.1%
- Waters Advanced Diagnostics27.5%
- Waters Biosciences18.3%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Waters Analytical and Materials Sciences | $ 686 | 54.1% |
| Waters Advanced Diagnostics | $ 349 | 27.5% |
| Waters Biosciences | $ 232 | 18.3% |
Revenue Share by Region - Q1 FY2026
- European Union32.5%
- Asia Other15.5%
- Americas Other7.1%
Revenue by Geographic Region - Q1 FY2026
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| European Union | $ 412 | 32.5% |
| Asia Other | $ 197 | 15.5% |
| Americas Other | $ 90 | 7.1% |
Revenue by Product & Service Category - Q1 FY2026
- Product72.5%
- Consumables42.9%
- Instrument Systems29.7%
- Service27.5%
Revenue by Product & Service Category - Q1 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Product | $ 919 | 72.5% |
| Consumables | $ 543 | 42.9% |
| Instrument Systems | $ 376 | 29.7% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Waters
Waters Corporation is a leading analytical instrument and software manufacturer, renowned for its solutions in laboratory-based and industrial analysis. The company primarily specializes in liquid chromatography (LC) and mass spectrometry (MS) technologies, which are vital in a variety of scientific and industrial research applications.
Founded in 1958 by James L. Waters, the company initially aimed to develop innovative analytical instruments. Over the years, Waters has expanded and diversified its product offerings, continually innovating to meet the needs of various industries, including pharmaceuticals, chemicals, food and beverage, environmental monitoring, clinical research, and academic institutions.
Key to Waters product lineup is its high-performance liquid chromatography (HPLC) system, widely recognized as an industry benchmark for separating, analyzing, and quantifying complex mixtures with exceptional precision and accuracy. These systems are employed in diverse applications such as drug discovery, quality control, environmental testing, and forensic analysis.
In addition to HPLC systems, Waters Corporation offers mass spectrometry instruments, which play a crucial role in identifying and quantifying molecules based on their mass-to-charge ratio. These instruments are essential in fields like proteomics, metabolomics, and lipidomics, known for their sensitivity, resolution, and operating speed.
Waters also provides a range of complementary software solutions designed to enhance the functionality of its instruments. These software tools enable users to control analytical instruments, process and interpret data, and streamline workflow automation. Their offerings include chromatography data systems, mass spectrometry data analysis software, data management tools, and compliance software.
With a global presence, Waters Corporation operates in North America, Europe, Asia, and Latin America. The company maintains a vast network of distributors, service centers, and training facilities to support its customers effectively. Waters is dedicated to delivering exceptional customer service, which encompasses technical support, training programs, and instrument maintenance services. Their team consists of highly trained scientists, engineers, and support personnel who collaborate closely with customers to ensure optimal outcomes.
Innovation is a cornerstone of Waters Corporations operations, with significant investments directed towards research and development. The company actively collaborates with leading academic institutions, industrial partners, and government entities to foster innovation and develop advanced technologies. Waters holds numerous patents and has received several prestigious awards, underscoring its contributions to the field of analytical instrumentation.
In summary, Waters Corporation stands as a premier analytical instrument and software manufacturer, excelling in liquid chromatography and mass spectrometry technologies. With a steadfast commitment to innovation, quality, and customer support, Waters Corporation remains a trusted ally for scientists and researchers globally.
Founded in 1958 by James L. Waters, the company initially aimed to develop innovative analytical instruments. Over the years, Waters has expanded and diversified its product offerings, continually innovating to meet the needs of various industries, including pharmaceuticals, chemicals, food and beverage, environmental monitoring, clinical research, and academic institutions.
Key to Waters product lineup is its high-performance liquid chromatography (HPLC) system, widely recognized as an industry benchmark for separating, analyzing, and quantifying complex mixtures with exceptional precision and accuracy. These systems are employed in diverse applications such as drug discovery, quality control, environmental testing, and forensic analysis.
In addition to HPLC systems, Waters Corporation offers mass spectrometry instruments, which play a crucial role in identifying and quantifying molecules based on their mass-to-charge ratio. These instruments are essential in fields like proteomics, metabolomics, and lipidomics, known for their sensitivity, resolution, and operating speed.
Waters also provides a range of complementary software solutions designed to enhance the functionality of its instruments. These software tools enable users to control analytical instruments, process and interpret data, and streamline workflow automation. Their offerings include chromatography data systems, mass spectrometry data analysis software, data management tools, and compliance software.
With a global presence, Waters Corporation operates in North America, Europe, Asia, and Latin America. The company maintains a vast network of distributors, service centers, and training facilities to support its customers effectively. Waters is dedicated to delivering exceptional customer service, which encompasses technical support, training programs, and instrument maintenance services. Their team consists of highly trained scientists, engineers, and support personnel who collaborate closely with customers to ensure optimal outcomes.
Innovation is a cornerstone of Waters Corporations operations, with significant investments directed towards research and development. The company actively collaborates with leading academic institutions, industrial partners, and government entities to foster innovation and develop advanced technologies. Waters holds numerous patents and has received several prestigious awards, underscoring its contributions to the field of analytical instrumentation.
In summary, Waters Corporation stands as a premier analytical instrument and software manufacturer, excelling in liquid chromatography and mass spectrometry technologies. With a steadfast commitment to innovation, quality, and customer support, Waters Corporation remains a trusted ally for scientists and researchers globally.
Waters Corporation stands out as a prominent entity in the realm of analytical instruments, with a significant focus on enhancing various industry sectors through advanced technology and innovative solutions. The company’s extensive portfolio caters to different segments, each with tailored products and services that address the diverse analytical needs of its clientele.
Segments
1. Life Sciences:
Waters Corporations Life Sciences segment targets pharmaceutical and biotechnology companies. By providing cutting-edge analytical tools, the company facilitates drug development, ensuring both efficacy and safety. Key applications include:
- Drug Discovery: Waters systems support the identification and quantification of potential drug candidates.
- Pharmaceutical Quality Control: Solutions are applied to verify the purity and potency of products, directly impacting regulatory compliance and patient safety.
- Biologics and Biosimilars Analysis: Advanced technologies assist in the characterization of proteins and complex biologics, crucial for biopharmaceutical development.
2. Materials Science:
In the Materials Science sector, Waters provides analysis tools for a wide range of materials, including polymers and petrochemicals. This segment focuses on:
- Material Characterization: Instruments help determine properties such as molecular weight, composition, and thermal behavior, which facilitate the development and quality assurance of materials.
- Innovative Product Development: By offering solutions that support R&D, Waters helps companies innovate in fields ranging from plastics to fuels.
3. Applied Markets:
The Applied Markets segment encompasses various industries, including environmental analysis, food and beverage safety, cosmetics, and forensic science. Key functions include:
- Regulatory Compliance: Instruments and methodologies ensure that products meet strict safety and quality standards.
- Environmental Monitoring: Analytical tools are engaged in testing for pollutants and other contaminants in environmental samples, aiding in regulatory compliance and safety assessments.
Products
1. Liquid Chromatography Instruments:
- ACQUITY UPLC: Waters flagship ultra-performance liquid chromatography systems offer excellent separation efficiency and rapid analysis times. These instruments include specialized configurations like the ACQUITY UPLC H-Class (for traditional HPLC applications) and the ACQUITY UPLC I-Class (designed for advanced workflows).
- 2695/2795 Separations Module: Traditional high-performance liquid chromatography systems that deliver reliable outcomes for method development and routine quality control testing.
2. Mass Spectrometry:
- Xevo Series: This series includes high-resolution and high-sensitivity mass spectrometers such as the Xevo TQ-GC (for quantitative analyses) and Xevo G2-XS ToF (ideal for qualitative studies). These instruments address diverse applications ranging from environmental testing to clinical research.
- Synapt G2-Si: A unique mass spectrometry system combining ion mobility spectrometry with traditional mass spectrometry, enhancing the understanding of molecular structures and dynamics.
3. Thermal Analysis Instruments:
- Differential Scanning Calorimetry (DSC): Essential for studying thermal transitions in materials, these instruments provide insights into melting points, crystallization, and other critical thermal events.
- Thermogravimetric Analysis (TGA): TGA systems are used to analyze material composition by measuring weight changes as a function of temperature, critical for understanding stability and composition.
4. Sample Preparation Products:
Waters’ sample preparation suite includes innovative techniques like solid-phase extraction (SPE) and liquid-liquid extraction, designed to enhance the purity and reproducibility of samples prior to analysis.
5. Software Solutions:
- UNIFI: An integrated platform that streamlines data management, analysis, and reporting, particularly for complex workflows in mass spectrometry and chromatography.
- Empower: A chromatography data management software that simplifies data processing, ensuring users can easily generate reports while adhering to regulatory standards.
Services
1. Installation and Training:
Waters provides robust installation services for its instruments, ensuring optimal setup and performance. Additionally, specialized training programs are designed to equip laboratory personnel with the necessary skills to use the technologies effectively.
2. Support and Maintenance:
The company’s ongoing support includes routine maintenance, troubleshooting, and repairs, along with service contracts that ensure minimal downtime and consistent performance.
3. Method Development and Validation:
Waters offers custom method development services for clients looking for expertise in establishing procedures that comply with industry standards, including regulatory validations.
4. Consultation Services:
Experts at Waters provide consulting to optimize analytical processes. This can entail everything from enhancing operational efficiency to ensuring compliance with both local and global regulations.
5. Educational Resources:
The company invests in opportunities for professional development through webinars, workshops, and conferences focusing on the latest advancements in analytical science and emerging technologies.
In summary, Waters Corporation encompasses a broad range of segments and products that enable a multitude of analytical functions across various industries. Its commitment to innovation and excellence ensures that it remains a leader in the field of analytical instrumentation and services, profoundly impacting global health, safety, and research endeavors.
Segments
1. Life Sciences:
Waters Corporations Life Sciences segment targets pharmaceutical and biotechnology companies. By providing cutting-edge analytical tools, the company facilitates drug development, ensuring both efficacy and safety. Key applications include:
- Drug Discovery: Waters systems support the identification and quantification of potential drug candidates.
- Pharmaceutical Quality Control: Solutions are applied to verify the purity and potency of products, directly impacting regulatory compliance and patient safety.
- Biologics and Biosimilars Analysis: Advanced technologies assist in the characterization of proteins and complex biologics, crucial for biopharmaceutical development.
2. Materials Science:
In the Materials Science sector, Waters provides analysis tools for a wide range of materials, including polymers and petrochemicals. This segment focuses on:
- Material Characterization: Instruments help determine properties such as molecular weight, composition, and thermal behavior, which facilitate the development and quality assurance of materials.
- Innovative Product Development: By offering solutions that support R&D, Waters helps companies innovate in fields ranging from plastics to fuels.
3. Applied Markets:
The Applied Markets segment encompasses various industries, including environmental analysis, food and beverage safety, cosmetics, and forensic science. Key functions include:
- Regulatory Compliance: Instruments and methodologies ensure that products meet strict safety and quality standards.
- Environmental Monitoring: Analytical tools are engaged in testing for pollutants and other contaminants in environmental samples, aiding in regulatory compliance and safety assessments.
Products
1. Liquid Chromatography Instruments:
- ACQUITY UPLC: Waters flagship ultra-performance liquid chromatography systems offer excellent separation efficiency and rapid analysis times. These instruments include specialized configurations like the ACQUITY UPLC H-Class (for traditional HPLC applications) and the ACQUITY UPLC I-Class (designed for advanced workflows).
- 2695/2795 Separations Module: Traditional high-performance liquid chromatography systems that deliver reliable outcomes for method development and routine quality control testing.
2. Mass Spectrometry:
- Xevo Series: This series includes high-resolution and high-sensitivity mass spectrometers such as the Xevo TQ-GC (for quantitative analyses) and Xevo G2-XS ToF (ideal for qualitative studies). These instruments address diverse applications ranging from environmental testing to clinical research.
- Synapt G2-Si: A unique mass spectrometry system combining ion mobility spectrometry with traditional mass spectrometry, enhancing the understanding of molecular structures and dynamics.
3. Thermal Analysis Instruments:
- Differential Scanning Calorimetry (DSC): Essential for studying thermal transitions in materials, these instruments provide insights into melting points, crystallization, and other critical thermal events.
- Thermogravimetric Analysis (TGA): TGA systems are used to analyze material composition by measuring weight changes as a function of temperature, critical for understanding stability and composition.
4. Sample Preparation Products:
Waters’ sample preparation suite includes innovative techniques like solid-phase extraction (SPE) and liquid-liquid extraction, designed to enhance the purity and reproducibility of samples prior to analysis.
5. Software Solutions:
- UNIFI: An integrated platform that streamlines data management, analysis, and reporting, particularly for complex workflows in mass spectrometry and chromatography.
- Empower: A chromatography data management software that simplifies data processing, ensuring users can easily generate reports while adhering to regulatory standards.
Services
1. Installation and Training:
Waters provides robust installation services for its instruments, ensuring optimal setup and performance. Additionally, specialized training programs are designed to equip laboratory personnel with the necessary skills to use the technologies effectively.
2. Support and Maintenance:
The company’s ongoing support includes routine maintenance, troubleshooting, and repairs, along with service contracts that ensure minimal downtime and consistent performance.
3. Method Development and Validation:
Waters offers custom method development services for clients looking for expertise in establishing procedures that comply with industry standards, including regulatory validations.
4. Consultation Services:
Experts at Waters provide consulting to optimize analytical processes. This can entail everything from enhancing operational efficiency to ensuring compliance with both local and global regulations.
5. Educational Resources:
The company invests in opportunities for professional development through webinars, workshops, and conferences focusing on the latest advancements in analytical science and emerging technologies.
In summary, Waters Corporation encompasses a broad range of segments and products that enable a multitude of analytical functions across various industries. Its commitment to innovation and excellence ensures that it remains a leader in the field of analytical instrumentation and services, profoundly impacting global health, safety, and research endeavors.