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Illumina ILMN Q1 2026 earnings

Reported April 30, 2026 · After market close

Revenue$1.1BBeat by $17.8M
EPS$1.15Beat by $0.10
Revenue estimate$1.1B
EPS estimate$1.05

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$1.2B
EPS estimate$1.38

Financials

Q1 2026

Income statement

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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

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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

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

Valuation & ratios

Valuation

as of 03/29/26
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Market cap$18.85B+50.0%
Enterprise value$19.8B+46.0%
P/E22.1×—
P/S4.3×+1.4×

Profitability

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

Returns & leverage

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

Segments

By geography

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

By product

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

By segment

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

FAQ

When did Illumina report Q1 2026 earnings?
Illumina (ILMN) reported Q1 2026 earnings on April 30, 2026 after market close.
What were Illumina's Q1 2026 revenue and EPS?
Illumina reported revenue of $1.1B and eps of $1.15 for Q1 2026.
Did Illumina beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.1B by $17.8M. EPS beat the consensus estimate of $1.05 by $0.10.
How did Illumina's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.8% from $1.0B a year earlier and eps grew 18.6% from $0.97.
Where can I find Illumina's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001110803-26-000087) and the 10-Q periodic report (0001110803-26-000092) directly on SEC EDGAR. The filing index links above go to sec.gov.