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Illumina ILMN Q2 2025 earnings

Reported April 30, 2026 · After market close

Revenue$1.1BMiss by $14.2MDiluted EPS$1.49Beat by $0.44
Revenue estimate$1.1B
EPS estimate$1.05

Next report

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

Financials

Q2 2025

Income statement

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Revenue$1.1B-4.8%
Gross profit$695.0M-3.6%
Operating income$214.0M+113%
Net income$235.0M+112%
EPS (diluted)$1.49+112%

Balance sheet

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Cash & equivalents$934.0M+1.5%
Total debt$2.1B-3.6%
Total equity$2.3B+57.2%
Total assets$6.1B+0.1%

Cash flow

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Operating cash flow$234.0M+193%
CapEx$30.0M-3.2%
Free cash flow$204.0M+316%

Valuation & ratios

Valuation

as of 04/02/25
See full
Market cap$14.49B-12.7%
Enterprise value$15.65B-12.3%
P/E11.5×—
P/S3.4×-0.4×

Profitability

See full
Gross margin66.6%+4.5pp
Net margin29.3%+17.3pp
FCF margin24.1%+16.0pp

Returns & leverage

See full
Return on equity68.1%+44.5pp
Debt / equity0.9×-0.6×
Current ratio1.8×+0.7×

Segments

By product

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Consumables$811.0M+0.5%
Service$147.0M-20.5%
Instruments$101.0M-15.8%

By segment

See full
Sequencing$972.0M-4.3%
Microarray$87.0M-9.4%

Versus estimates

Revenue

Q1 2026$1.1BBeat by $17.8MQ4 2025$1.2BBeat by $40.2MQ3 2025$1.1BBeat by $17.6M
Q2 2025$1.1BMiss by $5.9M
Q1 2025$1.0BBeat by $15.6MQ4 2024$1.1BBeat by $32.2M

Diluted EPS

Q1 2026$1.15Beat by $0.10Q4 2025$1.35Beat by $0.11Q3 2025$1.34Beat by $0.17
Q2 2025$1.19Beat by $0.17
Q1 2025$0.97Beat by $0.03Q4 2024$0.86Miss by $0.06

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Questions, answered.

When did Illumina report Q2 2025 earnings?
Illumina (ILMN) reported Q2 2025 earnings on April 30, 2026 after market close.
What were Illumina's Q2 2025 revenue and EPS?
Illumina reported revenue of $1.1B and diluted EPS of $1.49 for Q2 2025.
Did Illumina beat estimates in Q2 2025?
Revenue missed the consensus estimate of $1.1B by $14.2M. EPS beat the consensus estimate of $1.05 by $0.44.
How did Illumina's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.6% from $1.1B a year earlier and diluted EPS grew 1555.6% from $0.09.
Where can I find Illumina's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001110803-26-000087) and the 10-Q periodic report (0001110803-25-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.