What is Illumina's acquisitions?

Illumina (ILMN) reported acquisitions of $415M in Q1 2026.

How has Illumina's acquisitions changed year-over-year?

Illumina's acquisitions increased by 5828.6% year-over-year, from $7M to $415M.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Illumina ILMN Acquisitions

Acquisitions at other companies

Thermo Fisher ScientificTMO

-$17.74B—

AzentaAZTA

$0—

Agilent TechnologiesA

$0—

DanaherDHR

$0-100%

Fulgent Genetics, Inc.FLGT

$55.57M—

Other financials

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

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Market cap$29.2B+69.7%

Enterprise value$30.1B+63.8%

P/E35.4×+21.7×

P/S6.5×+2.5×

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×

Where this comes from

Reported directly by Illumina in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Illumina’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Illumina's acquisitions?: Illumina (ILMN) reported acquisitions of $415M in Q1 2026.
How has Illumina's acquisitions changed year-over-year?: Illumina's acquisitions increased by 5828.6% year-over-year, from $7M to $415M.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.