Waters rises after beating Q1 estimates, raises annual profit forecast

Waters

05/05/2026 12:25

** Shares of lab equipment maker Waters WAT.N rise 7% to $323.01 premarket

** Co reports Q1 revenue of $1.27 billion, beating estimates of $1.20 billion, as per LSEG data

** Says revenue growth is driven by strong outperformance in both organic revenue and the acquired businesses

     ** Reports Q1 adjusted profit of $2.70 per share, growing 20% y-o-y, on better-than-expected revenue and margin performance, beating estimates of $2.34 per share

** Raises 2026 organic constant currency revenue growth outlook to 6.5% to 8.0%

** Raises 2026 adjusted profit outlook to $14.40 per share to $14.60 per share, from $14.30 to $14.50 per share previously; analysts, on average, were expecting a profit of $14.38 per share

** Up to last close, stock down 20.5% YTD

(Reporting by Sneha S K)

((Sneha.SK@thomsonreuters.com;))