WAT · Earnings call · 2026Q2T · Full report
Operating Margin Drivers
WATERS CORP /DE/ · 2026-08-04 · Importance 50 · Surprise 42 · In source text
Second-quarter adjusted operating margin was 25%, consistent with management’s expectations. Full-year 2026 adjusted EBIT margin guidance remained 28.2%, as a $20 million overachievement from cost actions offset foreign-exchange pressure. Cost actions are expected to provide $25 million of adjusted operating-income benefit in the third quarter and $50 million in the fourth quarter. Management continues to target roughly 100 basis points of annual margin progression beyond 2026.
Key facts
- Full year 2026 adjusted EBIT margin expected to be 28.2%
- Q2 2026 total company adjusted operating margin: 25%
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| margin | unclear | committed | — | Full year 2026 adjusted EBIT margin expected to be 28.2% |