Waters Corporation (NYSE:WAT), a leader in analytical instruments and software for life sciences, materials, food, and environmental applications, toay reported financial results for the fourth quarter ended December 31, 2025.
Sales for the fourth quarter totaled $932 million, an increase of 7% as reported and 6% in constant currency compared with $873 million in the fourth quarter of 2024.
On a GAAP basis, diluted earnings per share were $3.77 for the quarter, compared with $3.88 in the prior-year period.
Meanwhile, non-GAAP diluted EPS grew 10% to $4.53, compared with $4.10 in Q4 2024.
For the full year 2025, Waters achieved total revenue of $3.17 billion, a 7% increase in constant currency.
The company’s recurring revenue streams, which now represent more than half of its total business, grew 8% for the year, providing a stable foundation as it enters its next chapter.