# Waters Corporation (WAT) FY2026 YTD Q2 P&L / Income Statement - Company: Waters Corporation (WAT) - Period: 2026-01-01 to 2026-07-04 - Filing: Q2 FY2026 10-Q, filed 2026-08-11, accession number 0001193125-26-344691 - Page: https://plicit.ai/financials/wat/fy2026-ytd-q2-income-statement - Chart image: https://plicit.ai/charts/wat-fy2026-ytd-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service by Timing of Transfer Income statement for 2026-01-01 through 2026-07-04. View: Product and Service by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total net revenues**: 2,912,000,000 US dollars - **Cost of revenue (calculated)**: 1,590,000,000 US dollars - **Gross profit (calculated)**: 1,322,000,000 US dollars - **Operating expenses (calculated)**: 1,456,000,000 US dollars - **Operating (loss) income**: negative 134,000,000 US dollars - **Other income (expense), net (calculated)**: negative 95,000,000 US dollars - **(Loss) income before income taxes**: negative 229,000,000 US dollars - **Benefit (provision) for income taxes**: negative 21,000,000 US dollars - **Net (loss) income**: negative 208,000,000 US dollars - **Service - Net revenues recognized at a point in time**: 221,000,000 US dollars - **Service - Net revenues recognized over time**: 552,000,000 US dollars - **Consumables - Net revenues recognized at a point in time**: 1,308,000,000 US dollars - **Instrument systems - Net revenues recognized at a point in time**: 831,000,000 US dollars - **Costs and operating expenses**: 1,590,000,000 US dollars - **Restructuring charges**: 52,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Purchased intangibles amortization**: 396,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 218,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Selling and administrative expenses**: 788,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/wat/fy2026-ytd-q2-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/wat-fy2026-ytd-q2-revenue-by-business-segment-sankey.png Income statement for 2026-01-01 through 2026-07-04. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total net revenues**: 2,912,000,000 US dollars - **Cost of revenue (calculated)**: 1,590,000,000 US dollars - **Gross profit (calculated)**: 1,322,000,000 US dollars - **Operating expenses (calculated)**: 1,456,000,000 US dollars - **Operating (loss) income**: negative 134,000,000 US dollars - **Other income (expense), net (calculated)**: negative 95,000,000 US dollars - **(Loss) income before income taxes**: negative 229,000,000 US dollars - **Benefit (provision) for income taxes**: negative 21,000,000 US dollars - **Net (loss) income**: negative 208,000,000 US dollars - **Waters Analytical & Material Sciences**: 1,442,000,000 US dollars - **Waters Biosciences**: 600,000,000 US dollars - **Waters Advanced Diagnostics**: 870,000,000 US dollars - **Costs and operating expenses**: 1,590,000,000 US dollars - **Restructuring charges**: 52,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Purchased intangibles amortization**: 396,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 218,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Selling and administrative expenses**: 788,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/wat/fy2026-ytd-q2-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/wat-fy2026-ytd-q2-revenue-by-geography-sankey.png Income statement for 2026-01-01 through 2026-07-04. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total net revenues**: 2,912,000,000 US dollars - **Cost of revenue (calculated)**: 1,590,000,000 US dollars - **Gross profit (calculated)**: 1,322,000,000 US dollars - **Operating expenses (calculated)**: 1,456,000,000 US dollars - **Operating (loss) income**: negative 134,000,000 US dollars - **Other income (expense), net (calculated)**: negative 95,000,000 US dollars - **(Loss) income before income taxes**: negative 229,000,000 US dollars - **Benefit (provision) for income taxes**: negative 21,000,000 US dollars - **Net (loss) income**: negative 208,000,000 US dollars - **CHINA**: 359,000,000 US dollars - **Asia Other**: 441,000,000 US dollars - **UNITED STATES**: 985,000,000 US dollars - **Americas Other**: 210,000,000 US dollars - **Europe**: 917,000,000 US dollars - **Costs and operating expenses**: 1,590,000,000 US dollars - **Restructuring charges**: 52,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Purchased intangibles amortization**: 396,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 218,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Selling and administrative expenses**: 788,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Product and Service (2 categories) - Page: https://plicit.ai/financials/wat/fy2026-ytd-q2-income-statement/revenue-by-product-and-service-2-categories - Chart image: https://plicit.ai/charts/wat-fy2026-ytd-q2-revenue-by-product-and-service-2-categories-sankey.png Income statement for 2026-01-01 through 2026-07-04. View: Product and service (2 categories). Revenue and costs use their disclosed categories. - **Total net revenues**: 2,912,000,000 US dollars - **Cost of revenue (calculated)**: 1,590,000,000 US dollars - **Gross profit (calculated)**: 1,322,000,000 US dollars - **Operating expenses (calculated)**: 1,456,000,000 US dollars - **Operating (loss) income**: negative 134,000,000 US dollars - **Other income (expense), net (calculated)**: negative 95,000,000 US dollars - **(Loss) income before income taxes**: negative 229,000,000 US dollars - **Benefit (provision) for income taxes**: negative 21,000,000 US dollars - **Net (loss) income**: negative 208,000,000 US dollars - **Product revenue**: 2,139,000,000 US dollars - **Service revenue**: 773,000,000 US dollars - **Product cost of revenue**: 1,224,000,000 US dollars - **Service cost of revenue**: 366,000,000 US dollars - **Restructuring charges**: 52,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Purchased intangibles amortization**: 396,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 218,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Selling and administrative expenses**: 788,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/wat/fy2026-ytd-q2-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/wat-fy2026-ytd-q2-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2026-01-01 through 2026-07-04. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total net revenues**: 2,912,000,000 US dollars - **Cost of revenue (calculated)**: 1,590,000,000 US dollars - **Gross profit (calculated)**: 1,322,000,000 US dollars - **Operating expenses (calculated)**: 1,456,000,000 US dollars - **Operating (loss) income**: negative 134,000,000 US dollars - **Other income (expense), net (calculated)**: negative 95,000,000 US dollars - **(Loss) income before income taxes**: negative 229,000,000 US dollars - **Benefit (provision) for income taxes**: negative 21,000,000 US dollars - **Net (loss) income**: negative 208,000,000 US dollars - **Instrument systems**: 831,000,000 US dollars - **Consumables**: 1,308,000,000 US dollars - **Service**: 773,000,000 US dollars - **Costs and operating expenses**: 1,590,000,000 US dollars - **Restructuring charges**: 52,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Purchased intangibles amortization**: 396,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 218,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Selling and administrative expenses**: 788,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.