FINHUB Insights

WAT · Q1 FY26 · Apr 4, 2026

Waters Q1 FY26: where the revenue came from and where it went

Waters Q1 FY26: revenue $1.3B (+91% year over year). Net profit $-0.1B. Largest cohort Consumables $0.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 4, 2026
Reported
May 12, 2026 10-Q
Sankey diagram of Waters's income statement for Q1 FY26: revenue of $1.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.3B +91% year over year
Gross profit$0.4B 30% margin
Operating profit$0B -4% margin
Net profit$-0.1B -6% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Apr 4, 2026).
ItemValueShare of revenueYear over year
Revenue 1.3 100% +91%
Consumables 0.5 38% +293%
Instrument Systems 0.4 31% +43%
Service 0.3 23% +33%
Cost of revenue−0.969%
Gross profit0.430% margin−29pp
Research & development−0.18%+1pp
SG&A−0.431%+4pp
Operating profit0-4% margin−27pp
Interest & other costs−0.1
Net profit-0.1-6%+0pp
Filing on EDGAR More quarters of WAT

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters