Income StatementBalance SheetCash FlowSegments
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Illumina Income Statement

Revenue, expenses, and profitability over time

Illumina generated $4.4B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $853.0M with a 19.42% net margin. Gross margin stands at 66.2% and operating margin at 19.37%. Diluted EPS is $5.50, which grew 1.7% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$4.4BGross Profit (TTM)$2.9BOperating Income (TTM)$851.0MNet Income (TTM)$853.0MEps Diluted (TTM)$5.50
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$21.4B
P/E Ratio25.10
ROE33.82%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$79.0M$73.0M$69.0M$70.0M$63.0M$60.0M
Amortization of Finite-Lived Intangible Assets$17.0M$17.0M$17.0M$17.0M$16.0M$18.0M
Share-Based Compensation Expense$79.0M$73.0M$69.0M$70.0M$63.0M$60.0M
Change in contingent consideration liability-$11.0M-$11.0M-$21.0M——-$16.0M
Amortization expense$17.0M$17.0M$17.0M$17.0M$16.0M$18.0M
Stock-based compensation expense$79.0M$73.0M$69.0M$70.0M$63.0M$60.0M
Other operating expenses$553.0M$519.0M$481.0M$506.0M$558.0M$512.0M
Research and development$256.0M$252.0M$247.0M$229.0M$239.0M$240.0M
Selling, general and administrative$279.0M$267.0M$234.0M$277.0M$309.0M$272.0M
Share-Based Compensation$79.0M$73.0M$69.0M$70.0M$63.0M$60.0M
Total operating expenses$553.0M$519.0M$481.0M$506.0M$558.0M$512.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)-$3.0M$2.0M-$11.0M-$9.0M$0.0-$8.0M
Other non-cash income (expense)-$3.0M$2.0M-$11.0M-$9.0M$0.0-$8.0M
Other Charges$0.0$32.0M$107.0M$9.0M$192.0M-$39.0M
Interest expense$25.0M$25.0M$25.0M$25.0M$26.0M$24.0M
Interest income$10.0M$11.0M$10.0M$9.0M$10.0M$11.0M
Change in Accounts Payable—-$15.0M-$11.0M$13.0M$15.0M-$12.0M
Other Non-Cash Income (Expense)-$3.0M$2.0M-$11.0M-$9.0M$0.0-$8.0M
Other income (expense), net$0.0$18.0M$92.0M-$7.0M$176.0M-$52.0M
Other Non-cash Income (Expense)-$3.0M$2.0M-$11.0M-$9.0M$0.0-$8.0M
Other Non-Cash Income (Expense)-$3.0M$2.0M-$11.0M-$9.0M$0.0-$8.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital Expenditures$29.0M$32.0M$30.0M$31.0M$55.0M$38.0M
Change in Accounts Receivable$45.0M-$46.0M-$3.0M$36.0M$121.0M-$118.0M
Tax Withholding for Share-Based Payments$30.0M$22.0M$1.0M$1.0M$16.0M$33.0M
Amortization of capitalized software and acquired intangible assets$17.0M$17.0M$17.0M$17.0M$16.0M$18.0M
Depreciation$54.0M$52.0M$51.0M$50.0M$50.0M$51.0M
Accounts payable—-$15.0M-$11.0M$13.0M$15.0M-$12.0M
Increase (Decrease) in Accounts Receivable$45.0M-$46.0M-$3.0M$36.0M$121.0M-$118.0M
Accrued liabilities-$34.0M-$56.0M-$35.0M$22.0M$69.0M-$47.0M
Increase (Decrease) in Inventories-$28.0M-$10.0M$38.0M$15.0M—$13.0M
Increase (decrease) in other assets$1.0M$1.0M$2.0M$10.0M$8.0M$26.0M
Increase (decrease) in all other liabilities$37.0M$14.0M$12.0M—$17.0M-$10.0M
Increase (Decrease) in Prepaid Expense and Other Assets$3.0M-$6.0M-$5.0M$12.0M$7.0M$2.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$47.0M-$195.0M-$371.0M-$115.0M-$63.0M-$251.0M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$48.0M-$63.0M-$49.0M-$51.0M—-$366.0M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$364.0M$240.0M$234.0M$284.0M$321.0M$289.0M
Other Noncash Income (Expense)-$3.0M$2.0M-$11.0M-$9.0M$0.0-$8.0M
Other income, net (Note 6)$0.0$32.0M$107.0M$9.0M$192.0M-$39.0M
Payments for Repurchase of Common Stock$17.0M$200.0M$370.0M$130.0M$42.0M$242.0M
Payment, Tax Withholding, Share-Based Payment Arrangement$30.0M$22.0M$1.0M$1.0M$16.0M$33.0M
Payments to Acquire Businesses, Net of Cash Acquired$0.0$7.0M——$3.0M$415.0M
Payments to Acquire Property, Plant, and Equipment$29.0M$32.0M$30.0M$31.0M$55.0M$38.0M
Proceeds from Issuance of Common Stock—$27.0M$1.0M$16.0M$0.0$24.0M
Revenue From Contract With Customer Excluding Assessed Tax$1.1B$1.0B$1.1B$1.1B$1.2B$1.1B
Stock-based compensation$79.0M$73.0M$69.0M$70.0M$63.0M$60.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of acquired technology$17.0M$17.0M$17.0M$16.0M$16.0M$17.0M
Total cost of revenue$376.0M$358.0M$364.0M$351.0M$400.0M$370.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share—$0.83$1.49$0.98$2.17$0.88
Diluted earnings per share—$0.82$1.49$0.98$2.16$0.87
Weighted-average shares, basic—159M157M153M—153M
Weighted-average shares, diluted—159M157M154M—154M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$728.0M$683.0M$695.0M$733.0M$759.0M$721.0M
Operating income—$164.0M$214.0M$227.0M$201.0M$209.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes—$182.0M$306.0M$220.0M$377.0M$157.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$0.0$51.0M$71.0M$70.0M$43.0M$23.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$186.0M$131.0M$235.0M$150.0M$334.0M$134.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.1B$1.0B$1.1B$1.1B$1.2B$1.1B