What Waters's latest 10-Q says: 7 signals

Waters filed its latest 10-Q with the SEC on Aug 11, 2026. It discusses acquisition completed, capex increase and legacy modernization.

Public (WAT)Biotechnology Research10,000+ employeeswaters.comLinkedIn

Filed: Aug 11, 2026
Filings: 2
Signals: 16

10-Q · latest 10

What Waters's 10-Q filings say

10-Q
Filed Aug 11, 2026 · 7 signals
SEC EDGAR
- Legacy modernizationNegative
  Waters spending $90M annually on post-acquisition Transitional Services Agreement for IT, HR, and Finance.
  Following the BDS Business acquisition, Waters is paying BD $90M/year for up to three years for critical back-office functions including IT, finance, and HR.
  $90M
  annual cost of Transition Services Agreement (TSA)
- Acquisition completedNeutral
  Integrating BDS Business acquisition with $90M annual transition services agreement.
  This creates significant budget pressure and a clear timeline to replace these temporary services with permanent, cost-effective systems and solutions.
  $90M
  Annual cost for Transition Services Agreement (TSA) with BD for back-office, IT, finance, and HR support following the BDS Business Acquisition.
  BD
- Platform strategyNegative
  Company undergoing transition to a new ERP system, citing operational disruption risks.
  Waters explicitly states it is transitioning to a new ERP system, a major IT and operational overhaul.
  ERP
- Market expansionNegative
  Facing increased competitive and regulatory pressures in the Chinese market.
  Waters is experiencing significant challenges in China, including trade tensions, increased local competition, and government procurement restrictions.
10-Q
Filed May 12, 2026 · 9 signals
SEC EDGAR
- Acquisition completedNeutral
  Waters Corp completes major 'BDS Business Acquisition' from Becton, Dickinson and Company in Q1 2026.
  The company has completed its acquisition of the BDS Business (SpinCo) from Becton, Dickinson and Company, and is now focused on integration.
  Becton, Dickinson and Company
- RestructuringNegative
  Integrating BDS Business Acquisition, facing risks of delayed synergies and integration challenges.
  Waters is integrating the newly acquired BDS business from Becton, Dickinson and Company as of February 2026.
  Becton, Dickinson and CompanyBarclay Bank PLCU.S. Bank Trust Company, National Association
- Software implementationNegative
  Company undergoing a new ERP system transition, acknowledging potential for operational disruptions.
  Waters is in the process of transitioning to a new ERP system.
  ERP
- Restructuring chargeNegative
  Waters Corp faces integration challenges following BDS Business Acquisition
  The company flags potential delays and failure to achieve synergies from the recent BDS Business Acquisition as a key risk.
  Becton, Dickinson and CompanyBarclays Bank PLCU.S. Bank Trust Company, National Association
- Platform strategyNeutral
  Waters Corp is undergoing a transition to a new ERP system, flagging risk of disruption.
  The company is in the process of a major IT overhaul by implementing a new ERP system.
  ERP
- Cybersecurity investmentNegative
  Facing cybersecurity threats from state-sponsored actors targeting proprietary data.
  Waters explicitly calls out the risk of attacks from 'private and state-sponsored' third parties attempting to access sensitive company data, products, and systems.

Showing 10 of 16 filing signals. The Signal API returns all of them.

Get them with one API call

Earnings calls

Waters earnings headlines

From earnings call transcripts (Signal API type earnings-transcripts).

Earnings call headlines
Call date	Period	What the company said
Nov 4, 2025	Q3 FY2025	Raised full-year revenue and earnings guidance, signaling strong financial health.The company increased its full-year 2025 sales growth forecast to a 7% midpoint and expects double-digit EPS growth. This strong financial performance and positive outlook indicate available budget and confidence in making new investments.
Nov 4, 2025	Q3 FY2025	Actively planning integration for major acquisition of BD's Biosciences business.Waters is deep in integration planning for its combination with BD's Biosciences & Diagnostic Solutions business, closing in Q1 2026. This massive effort involves mobilizing 120+ leaders and multiple workstreams, creating significant opportunities for consulting, systems integration, and operational efficiency vendors.
Nov 4, 2025	Q3 FY2025	Modernizing Empower platform with AI/ML and shifting to subscription modelA significant release cadence is planned for 2026 to evolve the core Empower software into a modern, cloud-native platform using AI/ML. The company is actively transitioning large pharma customers from perpetual licenses to a subscription model, signaling budget for cloud, AI, and customer success technologies.
Nov 4, 2025	Q3 FY2025	New FDA guidance on biosimilars expected to increase demand for analytical testingThe FDA is proposing to reduce reliance on clinical studies for biosimilar approvals in favor of advanced analytical characterization. This regulatory shift creates a significant tailwind and budget driver for analytical instruments and compliant software workflows within their pharma customer base.
Nov 4, 2025	Q3 FY2025	Investing in AI/ML and cloud to modernize flagship Empower software platform.Waters is evolving its core Empower informatics platform into a modern, cloud-native system using AI and machine learning. This strategic initiative aims to reduce manual work, minimize compliance risks, and enhance instrument uptime, signaling significant investment in data, AI, and cloud technologies.
Nov 4, 2025	Q3 FY2025	Acknowledges customer pain from compliance risks due to human errorLeadership explicitly identified minimizing compliance risks from human error as a key value driver for its customers in QA/QC labs. This highlights a critical pain point that solutions focused on automation, data integrity, and error reduction can address.

Signal API · MCP

Track Waters with the Signal API

One POST /v1/companies/enrich call with waters.com returns Waters 10-Q signals (sec-10q), each with its source. Or ask Claude through MCP.

Start Free1,000 free creditsUse it in Claude via MCP

2 credits per signal returned; zero-result calls are free. Endpoint reference

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"waters.com","signal_types":["sec-10q"],"limit":20}'

Same industry

Questions about Waters 10-Q

When did Waters file its latest 10-Q?

Waters filed its latest 10-Q on Aug 11, 2026. The one before it was filed on May 12, 2026.

What did Waters disclose in its latest 10-Q?

From the filing dated Aug 11, 2026: Waters spending $90M annually on post-acquisition Transitional Services Agreement for IT, HR, and Finance.

What did Waters say on its recent earnings calls?

Q3 FY2025: Raised full-year revenue and earnings guidance, signaling strong financial health. (dated Nov 4, 2025).

Where can I read Waters's 10-Q filing?

The full filing is on SEC EDGAR: https://www.sec.gov/Archives/edgar/data/1000697/000119312526344691/d170082d10q.htm. This page summarizes what the filing says and links to it.

Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.

Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.

Data as of Sep 30, 2026.

How this data is built →Get it from the Signal API →

What Waters's latest 10-Q says: 7 signals

What Waters's 10-Q filings say

Waters earnings headlines

Track Waters with the Signal API

10-Q at related companies

Questions about Waters 10-Q