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Illumina ILMN Q2 2026 earnings

Reported July 30, 2026 · After market close

Revenue$1.2BBeat by $28.4M
Adjusted EPS$1.31Beat by $0.08
Revenue estimate$1.1B
EPS estimate$1.23
“Demand for NovaSeq X remains high as we expand our workflow and multiomics capabilities, broadening the value of Illumina's ecosystem.”
Jacob Thaysen

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

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

Financials

Q2 2026

Income statement

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Revenue$1.2B+9.4%
Gross profit$770.0M+10.8%
Operating income$245.0M+14.5%
Net income$207.0M-11.9%
EPS (diluted)$1.35-9.4%

Balance sheet

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Cash & equivalents$1.0B+11.3%
Total debt$1.9B-7.3%
Total equity$2.8B+25.7%
Total assets$6.7B+9.2%

Cash flow

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Operating cash flow$201.0M-14.1%
CapEx$39.0M+30.0%
Free cash flow$162.0M-20.6%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$33.95B+115%
Enterprise value$34.86B+106%
P/E41.2×+28.6×
P/S7.6×+3.9×

Profitability

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Gross margin66.4%-0.2pp
Operating margin19.6%—
Net margin18.4%-11.0pp
FCF margin20.7%-3.3pp

Returns & leverage

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Return on equity32.4%-35.7pp
Debt / equity0.7×-0.2×
Current ratio1.8×0.0×

Segments

By product

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Service$177.0M+20.4%

FAQ

When did Illumina report Q2 2026 earnings?
Illumina (ILMN) reported Q2 2026 earnings on July 30, 2026 after market close.
What were Illumina's Q2 2026 revenue and EPS?
Illumina reported revenue of $1.2B and adjusted eps of $1.31 for Q2 2026.
Did Illumina beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.1B by $28.4M. EPS beat the consensus estimate of $1.23 by $0.08.
How did Illumina's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.4% from $1.1B a year earlier.
Where can I find Illumina's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001110803-26-000155) and the 10-Q periodic report (0001110803-26-000160) directly on SEC EDGAR. The filing index links above go to sec.gov.