Waters (WAT) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Waters Corporation  (NYSE: WAT)

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Description of Waters's Business Segments


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.


Composition of Waters Corporation Revenues by Segments

 
Product    130.03 % of total Revenue
Service    33.56 % of total Revenue
Instrument Systems    50.52 % of total Revenue
Consumables    79.51 % of total Revenue
CN    21.82 % of total Revenue
Asia Other    26.81 % of total Revenue
Asia Pacific    48.63 % of total Revenue
US    59.88 % of total Revenue
Americas Other    12.77 % of total Revenue
Americas    72.64 % of total Revenue
European Union    55.74 % of total Revenue
Waters Analytical and Materials Sciences    87.66 % of total Revenue
Waters Biosciences    36.47 % of total Revenue
Waters Advanced Diagnostics    52.89 % of total Revenue
Member    177.02 % of total Revenue
Material Reconciling Items    177.02 % of total Revenue

Q2 three months ended (Jul 04 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Product 2,139.00 130.03 %
Service 552.00 33.56 %
Instrument Systems 831.00 50.52 %
Consumables 1,308.00 79.51 %
CN 359.00 21.82 %
Asia Other 441.00 26.81 %
Asia Pacific 800.00 48.63 %
US 985.00 59.88 %
Americas Other 210.00 12.77 %
Americas 1,195.00 72.64 %
European Union 917.00 55.74 %
Waters Analytical and Materials Sciences 1,442.00 87.66 %
Waters Biosciences 600.00 36.47 %
Waters Advanced Diagnostics 870.00 52.89 %
Member 2,912.00 177.02 %
Material Reconciling Items 2,912.00 177.02 %
Total 1,645.00 100 %




Q2 three months ended (Jul 04 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Product 351.84 % -
Service 85.28 % 58.62 %
Instrument Systems - 121.01 %
Consumables - 140.88 %
CN - -
Asia Other 196.35 % 123.86 %
Asia Pacific - -
US - -
Americas Other 314.95 % 133.33 %
Americas - -
European Union - -
Waters Analytical and Materials Sciences - -
Waters Biosciences - 158.62 %
Waters Advanced Diagnostics - 149.28 %
Member - -
Material Reconciling Items - -
Total 113.27 % 29.83 %




Q2 three months ended (Jul 04 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Waters Analytical and Materials Sciences 502.00 34.81 %
Waters Biosciences 209.00 34.83 %
Waters Advanced Diagnostics 189.00 21.72 %
Material Reconciling Items -134.00 -
Total -136.00 -




Q2 three months ended (Jul 04 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Waters Analytical and Materials Sciences - -
Waters Biosciences - -
Waters Advanced Diagnostics - -
Material Reconciling Items - -
Total - -




Annual Report on Waters Corporation Divisions, Sales by Country

 


Twelve months ended 2025
WAT s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Total 3,165.29 100 %


Twelve months ended 2025
WAT s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total 642.63 20.3 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Total 6.99 % 0.75 %



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