WAT · Earnings call · 2026Q2T · Full report

FX / Currency Headwinds

WATERS CORP /DE/ · 2026-08-04 · Importance 37 · Surprise 32

A stronger U.S. dollar created a 150-basis-point adverse foreign-exchange translation impact in the second quarter and is now expected to reduce 2026 organic reported revenue growth by approximately 60 basis points. Management said the organic sales increase and higher cost actions added about $0.30 to full-year EPS, while currency absorbed approximately $0.25. The company expects 2026 net interest expense of approximately $190 million and adjusted EPS of $14.45 to $14.65, representing 10% to 12% reported growth and 12% to 14% constant-currency growth.

Key facts

• Q2 2026 constant currency sales were 100 basis points above the high end of guidance while foreign exchange translation was 150 basis points adverse