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Illumina Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Illumina holds $6.6B in total assets. Shareholders' equity is $2.7B against $2.0B in total debt. Cash and equivalents total $1.1B. The current ratio is 1.75 and debt-to-equity is 0.764. Based on the Q1 2026 filing.

Total Assets$6.6BTotal Stockholders Equity$2.7BLong Term Debt$1.5BCash And Equivalents$1.1BTotal Current Assets$2.7BTotal Current Liabilities$1.6B
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$21.4B
P/E Ratio25.10
ROE33.82%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$221.0M$207.0M$200.0M$218.0M$240.0M$218.0M
Accrued expenses$827.0M$198.0M$214.0M$232.0M$249.0M$182.0M
Accrued Manufacturing Costs$252.0M$198.0M$214.0M$232.0M$249.0M$182.0M
Other Commercial Liabilities$827.0M$734.0M$762.0M$746.0M$846.0M$849.0M
Contract liabilities$327.0M$329.0M$324.0M$307.0M$346.0M$344.0M
Accrued Liabilities, Current$827.0M$734.0M$762.0M$746.0M$846.0M$849.0M
Compensation and benefits$252.0M$198.0M$214.0M$232.0M$249.0M$182.0M
Notes Payable Current$499.0M$499.0M$499.0M$998.0M$499.0M$499.0M
Deferred revenue$260.0M$256.0M$247.0M$234.0M$270.0M$269.0M
Income taxes payable$101.0M$80.0M$75.0M$84.0M$107.0M$115.0M
Notes Payable$499.0M$499.0M$499.0M$998.0M$499.0M$499.0M
Operating lease liabilities, current$79.0M$78.0M$79.0M$78.0M$78.0M$80.0M
Standard Product Warranty Accrual$18.0M$17.0M$16.0M$14.0M$17.0M$16.0M
Total current liabilities$1.5B$1.4B$1.5B$2.0B$1.6B$1.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$744.0M$706.0M$709.0M$738.0M$861.0M$746.0M
Allowance for Doubtful Accounts$9.0M$7.0M$8.0M$9.0M$7.0M$8.0M
Allowance for Doubtful Accounts Receivable (Current)$9.0M$7.0M$8.0M$9.0M$7.0M$8.0M
Cash and cash equivalents$1.1B$1.1B$934.0M$1.1B$1.4B$1.1B
Income taxes receivable$74.0M$50.0M$75.0M$53.0M$81.0M$69.0M
Finished goods$31.0M$26.0M$47.0M$50.0M$45.0M$55.0M
Raw materials$225.0M$216.0M$227.0M$251.0M$254.0M$268.0M
Work in process$404.0M$404.0M$419.0M$418.0M$398.0M$427.0M
Inventories$660.0M$646.0M$693.0M$719.0M$0.0$20.0M
Other Inventory, Net$113.0M$109.0M$118.0M$129.0M$133.0M$119.0M
Prepaid expenses and other current assets$244.0M$200.0M$210.0M$199.0M$238.0M$234.0M
Short-term investments$93.0M$124.0M$221.0M$228.0M$215.0M$66.0M
Total current assets$2.7B$2.7B$2.6B$2.8B$3.3B$2.7B
Trading Securities in Marketable Securities$26.0M$46.0M$46.0M$58.0M$58.0M$60.0M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$7.5B$7.6B$7.7B$7.8B$7.8B$7.9B
Accumulated other comprehensive income (loss)$22.0M$8.0M-$21.0M-$12.0M-$10.0M$1.0M
Common stock$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Retained earnings-$1.2B-$1.1B-$876.0M-$726.0M-$392.0M-$258.0M
Share-Based Payment - Unrecognized Cost of Nonvested Awards—$687.0M$553.0M$462.0M—$576.0M
Total liabilities and stockholders' equity$6.3B$6.2B$6.1B$6.2B$6.6B$6.6B
Total stockholders' equity$2.4B$2.4B$2.3B$2.4B$2.7B$2.7B
Treasury stock$3.9B$4.1B$4.5B$4.6B$4.7B$4.9B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contingent Consideration Liability (Non-Current)————$54.0M$119.0M
Deferred Compensation Liability (Non-Current)————$72.0M$67.0M
Long-term debt$1.5B$1.5B$1.5B$994.0M$1.5B$1.5B
Operating lease liabilities, non-current$554.0M$539.0M$528.0M$506.0M$486.0M$475.0M
Other non-current liabilities$339.0M$344.0M$348.0M$334.0M$360.0M$352.0M
Total liabilities————$126.0M$186.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Revenue Timing Percentage—83.0%79.0%77.0%—85.0%
Allowance for doubtful accounts$9.0M$7.0M$8.0M$9.0M$7.0M$8.0M
Business Combination, Contingent Consideration, Liability————$54.0M$119.0M
Contract with Customer, Asset, after Allowance for Credit Loss$16.0M$15.0M$15.0M$22.0M$21.0M$23.0M
Contract with Customer, Liability$327.0M$329.0M$324.0M$307.0M$346.0M$344.0M
Deferred Compensation Liability Current And Noncurrent————$72.0M$67.0M
Deferred compensation plan assets————$79.0M$77.0M
Unrecognized compensation cost related to non-vested awards—$687.0M$553.0M$462.0M—$576.0M
Trading securities, cost$26.0M$46.0M$46.0M$58.0M$58.0M$60.0M
Thereafter—————$131.0M
Finite-Lived Intangible Assets, Accumulated Amortization————$514.0M$531.0M
2028—————$76.0M
2030—————$40.0M
Remainder of 2026—————$59.0M
2027—————$78.0M
2029—————$46.0M
Gross Carrying Amount————$724.0M$961.0M
Grants receivable————$21.0M$24.0M
Receivable from credits from ARPA————$8.0M$3.0M
Income taxes receivable$74.0M$50.0M$75.0M$53.0M$81.0M$69.0M
Inventory, Current And Noncurrent————$564.0M$631.0M
Raw materials$225.0M$216.0M$227.0M$251.0M$254.0M$268.0M
Long Term Notes Payable$1.5B$1.5B$1.5B$994.0M$1.5B$1.5B
Other accrued liabilities$135.0M$122.0M$147.0M$118.0M$140.0M$135.0M
Other investments————$32.0M$38.0M
Standard and Extended Product Warranty Accrual$18.0M$17.0M$16.0M$14.0M$17.0M$16.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$891.0M$862.0M$747.0M—$1.1B
Specific performance obligation—————$38.0M
Remainder of Fiscal Year 2024—————$59.0M
Remainder of Fiscal Year 2025—————$59.0M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$348.0M$373.0M$400.0M$423.0M$449.0M$523.0M
Equity method investments$26.0M$46.0M$46.0M$58.0M$58.0M$60.0M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$26.0M$46.0M$46.0M$58.0M$58.0M$60.0M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)—————$40.0M
Finite Lived Intangible Assets - Gross————$724.0M$961.0M
Goodwill$1.1B$1.1B$1.1B$1.1B$1.1B$1.3B
Equity securities————$215.0M$66.0M
Intangible assets, net$295.0M$278.0M$238.0M$225.0M$210.0M$430.0M
Investments - Amortized Cost Basis$26.0M$46.0M$46.0M$58.0M$58.0M$60.0M
Net Investment in Lease$419.0M$410.0M$397.0M$382.0M$370.0M$371.0M
Deferred tax assets$567.0M$553.0M$534.0M$490.0M$454.0M$458.0M
Intangible assets — net————$210.0M$430.0M
Other intangible assets—net$295.0M$278.0M$238.0M$225.0M$210.0M$430.0M
Operating lease right-of-use assets$419.0M$410.0M$397.0M$382.0M$370.0M$371.0M
Other non-current assets$348.0M$373.0M$400.0M$423.0M$449.0M$523.0M
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$93.0M$124.0M$221.0M$228.0M$215.0M$66.0M
Operating lease right-of-use assets$419.0M$410.0M$397.0M$382.0M$370.0M$371.0M
Operating Lease Right-of-Use Assets in Other Assets$419.0M$410.0M$397.0M$382.0M$370.0M$371.0M
Other non-current assets$348.0M$373.0M$400.0M$423.0M$449.0M$523.0M
Accumulated depreciation————$514.0M$531.0M
Property and equipment, net$815.0M$782.0M$764.0M$748.0M$759.0M$755.0M
Software and Technology Licenses, Net$348.0M$373.0M$400.0M$423.0M$449.0M$523.0M
Total assets$6.3B$6.2B$6.1B$6.2B$6.6B$6.6B