Waters Corp Reports Q1 GAAP Net Loss of $72M, EPS $(0.87) Due to Acquisition Costs
Summary
Waters Corporation reported a Q1 2026 GAAP net loss of $72 million, resulting in diluted EPS of $(0.87), on revenue of $1.27 billion. This 10-Q summary follows the company's earlier announcement on May 5th of robust first-quarter results with adjusted EPS of $2.70 and raised full-year guidance. The current GAAP loss is primarily attributed to acquisition-related amortization and step-up costs from the recently completed BDS acquisition, which contributed approximately $520 million to revenue. While the market likely anticipated the GAAP impact of the acquisition, these official 10-Q figures provide the complete financial picture, confirming the short-term accounting effects of the significant M&A. The underlying business showed operational strength, with legacy Waters revenue up 13% and legacy recurring revenue growing 17%. Investors will continue to monitor the integration of the BDS acquisition and its impact on future GAAP profitability, alongside the company's adjusted performance metrics.
At the time of this announcement, WAT was trading at $352.21 on NYSE in the Life Sciences sector, with a market capitalization of approximately $34.6B. The 52-week trading range was $275.05 to $414.15. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.