Income StatementBalance SheetCash FlowSegments
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Illumina Business Segments

Business, geographic, and product segment breakdowns

Illumina generates $4.4B in annual revenue across 3 key segments: Consumables ($3.3B), Instruments ($490.0M), and Service ($647.0M). The company-wide operating margin is 19.37%. Based on the Q1 2026 filing.

Consumables (TTM)$3.3BInstruments (TTM)$490.0MService (TTM)$647.0M
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$21.4B
P/E Ratio25.10
ROE33.82%

Products & Services

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumables$779.0M$768.0M$811.0M$816.0M$832.0M$797.0M
Service$166.0M$161.0M$147.0M$157.0M$169.0M$174.0M
Instruments$159.0M$112.0M$101.0M$111.0M$158.0M$120.0M

Cost of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$81.0M$88.0M$71.0M$68.0M$72.0M$80.0M

Geographic

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States and Canada—$555.0M———$590.0M
Europe, Middle East, Africa and Latin America—$332.0M———$356.0M
Asia-Pacific—$82.0M———$93.0M

Total long-lived assets, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Countries$81.0M———$69.0M—

Concentration percent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Outside the United States13.3%13.3%13.3%13.3%13.3%—

Business Segments

Consolidated capital expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Core Illumina$34.3M$37.0M$37.0M$37.0M$37.0M—

Cost of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Core Illumina$376.0M$358.0M$364.0M$351.0M$400.0M$370.0M

G&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Core Illumina$121.0M$102.0M$88.0M$129.0M$149.0M$114.0M

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Core Illumina$175.0M$164.0M$214.0M$227.0M$201.0M$209.0M

Other (expense) income, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Core Illumina—$18.0M———-$52.0M

Provision for income taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Core Illumina—$51.0M———$23.0M

R&D

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Core Illumina$256.0M$252.0M$247.0M$229.0M$239.0M$240.0M

Sales & Marketing

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Core Illumina$158.0M$165.0M$146.0M$148.0M$160.0M$158.0M

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sequencing$1.0B$947.0M$972.0M$1.0B$1.1B$995.0M
Microarray$100.0M$94.0M$87.0M$83.0M$93.0M$96.0M