Why Is Waters (WAT) Up 3.1% Since Last Earnings Report?

Waters Corporation reported Q2 2026 adjusted earnings of $3.05 per share, beating consensus estimates by 1.33%, with revenues of $1.645 billion surging 113.4% year-over-year. The company raised its 2026 organic constant-currency revenue growth guidance to 7%-9% and lifted adjusted earnings guidance to $14.45-$14.65 per share, driven by strong performance across its Analytical Sciences and newly acquired Biosciences and Diagnostic Solutions divisions. Shares have outperformed the S&P 500 by 3.1% over the past month.