Skip to content
Illumina logo

Illumina

ILMN

Illumina is a global leader in sequencing- and array-based solutions for genetic and genomic analysis.

Market cap
$28.42B+78.1%
Revenue$4.4B+1.3%
Net income$853.0M+188%
Free cash flow$974.0M+11.2%
EPS (diluted)$5.50+168%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$1.1B
EPS estimate$1.24

Financials

Q1 2026

Income statement

See full
Revenue$1.1B+4.8%
Gross profit$721.0M+5.6%
Operating income$209.0M+27.4%
Net income$134.0M+2.3%
EPS (diluted)$0.87+6.1%

Balance sheet

See full
Cash & equivalents$1.1B-2.2%
Total debt$2.0B-3.0%
Total equity$2.7B+13.0%
Total assets$6.6B+6.1%

Cash flow

See full
Operating cash flow$289.0M+20.4%
CapEx$38.0M+18.8%
Free cash flow$251.0M+20.7%

Valuation & ratios

Valuation

See full
Market cap$28.42B+78.1%
Enterprise value$29.37B+71.5%
P/E33.3×+20.6×
P/S6.5×+2.7×

Profitability

See full
Gross margin66.2%-0.1pp
Operating margin19.4%
Net margin19.4%+12.7pp
FCF margin22.2%+2.0pp

Returns & leverage

See full
Return on equity33.8%+23.9pp
Debt / equity0.8×-0.1×
Current ratio1.7×-0.1×

Segments

By geography

See full
United States and Canada$590.0M
Europe, Middle East, Africa and Latin America$356.0M
Asia-Pacific$93.0M

By product

See full
Consumables$797.0M+3.8%
Service$174.0M+8.1%
Instruments$120.0M+7.1%

By segment

See full
Sequencing$995.0M+5.1%
Microarray$96.0M+2.1%

Competitors

Profile

Illumina is a global leader in sequencing- and array-based solutions for genetic and genomic analysis. The company provides integrated systems, consumables, and analysis tools that enable researchers and clinicians to study genetic variation and biological function. Its core value proposition lies in accelerating the adoption of precision medicine through high-throughput, cost-effective genomic technologies.

Competitive position

Illumina is the dominant market leader in next-generation sequencing (NGS), characterized by a massive installed base and a high-margin recurring revenue stream from proprietary consumables.

GeographiesNorth America, Europe, Asia-Pacific, China, Latin America
Customer segmentsAcademic and Government, Biopharma, Clinical Diagnostics, Applied Markets
Business modelRazor-and-blade, Manufacturing, Professional Services, SaaS
SuppliersChemical and biochemical material suppliers, Electronic component manufacturers, Single-source raw material providers, Cloud infrastructure providers
CustomersAcademic research institutions, Clinical diagnostic labs, Pharmaceutical R&D departments, Agricultural biotechnology firms, Direct-to-consumer genetic testing companies
Listed2000
Employees9.3K
CEOJacob Thaysen
FilingsSEC EDGAR

Questions, answered.

What is Illumina's market cap?
Illumina (ILMN) has a market capitalization of $28.4B and trades on NASDAQ.
What is Illumina's revenue and profitability?
Illumina generated $4.4B in trailing twelve-month revenue with net income of $853.0M, representing a net margin of 19.4%. Gross margin stands at 66.2%, with free cash flow of $974.0M. These figures are based on the Q1 2026 filing.
Who are Illumina's competitors?
Illumina's key competitors include Pacific Biosciences, Thermo Fisher Scientific, Twist Bioscience Corporation Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Illumina have?
Illumina's subsidiaries include GRAIL.
Where is Illumina headquartered?
Illumina is headquartered in United States of America and employs approximately 9,300 people. It has been publicly traded since 2000.