Waters (WAT) Research & Development (2009 - 2026)

Waters (WAT) posted quarterly Research & Development of $96.0 million for Q2 2026, up 104.26% year-over-year from $47.0 million in Q2 2025, and up 104.7% on a QoQ basis from $46.9 million in Q4 2025.

Waters (WAT) Research & Development (2009 - 2026) Analysis & Trends

Waters (WAT) has reported Research & Development for 18 consecutive years, with $96.0 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Research & Development rose 104.26% year-over-year to $96.0 million; the TTM figure through Apr 2026 stood at $245.1 million (up 32.17% YoY), while the FY2025 annual figure was $195.7 million, up 6.93% from the prior year.
  • Research & Development came in at $96.0 million for Q2 2026 at Waters, up from $46.9 million in the prior quarter.
  • The five-year high for Research & Development was $96.0 million in Q2 2026, with the low at $40.5 million in Q1 2022.
  • Average Research & Development over 5 years is $48.6 million, with a median of $45.9 million recorded in 2023.
  • Across the five-year window, Research & Development dropped 8.06% in 2023 and jumped 104.26% in 2026, its largest moves.
  • Year by year, Research & Development stood at $48.3 million in 2022, then dropped by 8.06% to $44.4 million in 2023, then rose by 5.7% to $46.9 million in 2024, then dropped by 0.03% to $46.9 million in 2025, then jumped by 104.7% to $96.0 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $96.0 million, $46.9 million, and $53.6 million for Q2 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 96.00 Mn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 336.00 Mn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 387.00 Mn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 65.79 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 210.70 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 126.00 Mn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn -
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 240.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 51.28 Mn
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn -

Historic Data

Download Data
DateValue
Apr 4, 2026 96.00 Mn
Dec 31, 2025 46.90 Mn
Sep 27, 2025 53.64 Mn
Jun 28, 2025 48.55 Mn
Mar 29, 2025 47.00 Mn
Dec 31, 2024 46.91 Mn
Sep 28, 2024 45.34 Mn
Jun 29, 2024 46.18 Mn
Mar 30, 2024 44.60 Mn
Dec 31, 2023 44.39 Mn
Sep 30, 2023 42.00 Mn
Jun 30, 2023 45.87 Mn
Mar 31, 2023 42.69 Mn
Dec 31, 2022 48.28 Mn
Sep 30, 2022 43.44 Mn
Jun 30, 2022 44.01 Mn
Mar 31, 2022 40.47 Mn
Dec 31, 2021 43.33 Mn
Sep 30, 2021 41.99 Mn
Jun 30, 2021 44.95 Mn