Equity Profile

WAT

Waters Corporation

Health CareLife Sciences Tools & Services$35.7B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Waters Corporation (WAT) is a leading company in the health care sector, specializing in life sciences tools and services. Their products are essential for laboratories and researchers, helping to analyze chemical compounds and improve drug development processes.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and increase sales, which is crucial for long-term success.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

WAT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+5.04%

Avg Stock Reaction

+2.29%

Last Quarter Recap

In Q1-2026, Waters Corporation reported an EPS of $2.70, exceeding expectations by 17.09%. The stock responded positively, gaining 13.54% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Waters Corporation's upcoming earnings report, given their strong track record of beating EPS estimates.

Bull Case

If Waters continues its trend of exceeding EPS estimates, it could lead to significant stock price appreciation, especially if revenue growth is also strong.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a decline in stock price, especially given the recent volatility in the market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given Waters' history of exceeding EPS estimates, this number will be crucial for investor confidence and stock performance.

How is revenue growth trending compared to previous quarters?

Understanding revenue growth will help assess the company's market position and future prospects, impacting investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Waters to exceed EPS estimates again, based on their strong historical performance.

Supporting Evidence

Waters has consistently beaten EPS estimates in the last eight quarters, achieving a 100% beat rate.

The options market is pricing in a relatively low move of 4.4%, which may not reflect the potential volatility based on historical trends.

Key Risk

If the EPS comes in below $2.50, it could lead to a significant reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is particularly sensitive to earnings surprises, and any significant deviation from expectations could lead to notable stock movement.

Bull Confirmed If

An EPS above $2.70 with strong revenue growth would confirm the bull case.

Bear Confirmed If

An EPS below $2.50 or negative revenue growth would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±4.4%

Historical Avg

±8.3%

Pricing cheap

The options market is pricing in a move of approximately 4.4%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±4.4% while WAT has averaged ±8.3% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.4%

30d HV

57.9%

Calls (13K)P/C Ratio: 0.45Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Waters beats expectations, history suggests a potential stock increase of around +2.29%, confirming positive momentum.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may see muted movement as investors reassess future growth.

Miss

If Waters misses expectations, history suggests a potential decline of around -2.69%, which could raise concerns about future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·2 sells

Members

House only

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

R-NJThomas H. Kean JrRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in their life sciences tools.
2Management's commentary on market demand and competitive landscape.
3Insights into cost management strategies and their impact on profitability.
4Any guidance on expected revenue growth for the upcoming quarters.
5Discussion on potential challenges or risks facing the company.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and increase sales, which is crucial for long-term success.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

WAT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+5.04%

Avg Stock Reaction

+2.29%

Last Quarter Recap

In Q1-2026, Waters Corporation reported an EPS of $2.70, exceeding expectations by 17.09%. The stock responded positively, gaining 13.54% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Waters Corporation's upcoming earnings report, given their strong track record of beating EPS estimates.

Bull Case

If Waters continues its trend of exceeding EPS estimates, it could lead to significant stock price appreciation, especially if revenue growth is also strong.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a decline in stock price, especially given the recent volatility in the market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given Waters' history of exceeding EPS estimates, this number will be crucial for investor confidence and stock performance.

How is revenue growth trending compared to previous quarters?

Understanding revenue growth will help assess the company's market position and future prospects, impacting investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Waters to exceed EPS estimates again, based on their strong historical performance.

Supporting Evidence

Waters has consistently beaten EPS estimates in the last eight quarters, achieving a 100% beat rate.

The options market is pricing in a relatively low move of 4.4%, which may not reflect the potential volatility based on historical trends.

Key Risk

If the EPS comes in below $2.50, it could lead to a significant reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is particularly sensitive to earnings surprises, and any significant deviation from expectations could lead to notable stock movement.

Bull Confirmed If

An EPS above $2.70 with strong revenue growth would confirm the bull case.

Bear Confirmed If

An EPS below $2.50 or negative revenue growth would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±4.4%

Historical Avg

±8.3%

Pricing cheap

The options market is pricing in a move of approximately 4.4%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±4.4% while WAT has averaged ±8.3% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.4%

30d HV

57.9%

Calls (13K)P/C Ratio: 0.45Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Waters beats expectations, history suggests a potential stock increase of around +2.29%, confirming positive momentum.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may see muted movement as investors reassess future growth.

Miss

If Waters misses expectations, history suggests a potential decline of around -2.69%, which could raise concerns about future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·2 sells

Members

House only

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

R-NJThomas H. Kean JrRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in their life sciences tools.
2Management's commentary on market demand and competitive landscape.
3Insights into cost management strategies and their impact on profitability.
4Any guidance on expected revenue growth for the upcoming quarters.
5Discussion on potential challenges or risks facing the company.