Total product revenue — Cost of revenue
Illumina Total product revenue — Cost of revenue decreased by 12.5% to $273.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.9%, from $253.00M to $273.00M. Over 4 years (FY 2021 to FY 2025), Total product revenue — Cost of revenue shows relatively stable performance with a 1.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase in cost relative to product revenue may signal supply chain inefficiencies or rising manufacturing costs, while a decrease suggests improved production margins or economies of scale.
Detailed definition
This metric represents the direct costs associated with manufacturing and delivering the company's physical products, in...
Peer comparison
Comparable to cost of goods sold (COGS) for hardware-centric segments in the medical device and biotechnology equipment sectors.
ilmn_segment_total_product_revenue_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $254.00M | $264.00M | $278.00M | $299.00M | $286.00M | $280.00M | $278.00M | $285.00M | $305.00M | $293.00M | $293.00M | $255.00M | $250.00M | $235.00M | $278.00M | $253.00M | $276.00M | $267.00M | $312.00M | $273.00M |
| QoQ Change | — | +3.9% | +5.3% | +7.6% | -4.3% | -2.1% | -0.7% | +2.5% | +7.0% | -3.9% | +0.0% | -13.0% | -2.0% | -6.0% | +18.3% | -9.0% | +9.1% | -3.3% | +16.9% | -12.5% |
| YoY Change | — | — | — | — | +12.6% | +6.1% | +0.0% | -4.7% | +6.6% | +4.6% | +5.4% | -10.5% | -18.0% | -19.8% | -5.1% | -0.8% | +10.4% | +13.6% | +12.2% | +7.9% |
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Frequently Asked Questions
- What is Illumina's total product revenue — cost of revenue?
- Illumina (ILMN) reported total product revenue — cost of revenue of $273.00M in Q1 2026.
- How has Illumina's total product revenue — cost of revenue changed year-over-year?
- Illumina's total product revenue — cost of revenue increased by 7.9% year-over-year, from $253.00M to $273.00M.
- What is the long-term trend for Illumina's total product revenue — cost of revenue?
- Over 4 years (2021 to 2025), Illumina's total product revenue — cost of revenue has grown at a 1.1% compound annual growth rate (CAGR), from $1.06B to $1.11B.
- What does total product revenue — cost of revenue mean?
- The direct costs incurred to produce and deliver the physical goods sold by the company.