Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
Illumina logo

Illumina Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Illumina holds $6.6B in total assets. Shareholders' equity is $2.7B against $2.0B in total debt. Cash and equivalents total $1.1B. The current ratio is 1.75 and debt-to-equity is 0.764. Based on the Q1 2026 filing.

Total Assets$6.6BTotal Stockholders Equity$2.7BLong Term Debt$1.5BCash And Equivalents$1.1BTotal Current Assets$2.7BTotal Current Liabilities$1.6B
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$25.1B
P/E Ratio29.48
ROE33.82%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$221M$207M$200M$218M$240M$218M
Accrued expenses$827M$198M$214M$232M$249M$182M
Accrued Manufacturing Costs$252M$198M$214M$232M$249M$182M
Other Commercial Liabilities$827M$734M$762M$746M$846M$849M
Contract liabilities$327M$329M$324M$307M$346M$344M
Accrued Liabilities, Current$827M$734M$762M$746M$846M$849M
Compensation and benefits$252M$198M$214M$232M$249M$182M
Notes Payable Current$499M$499M$499M$998M$499M$499M
Deferred revenue$260M$256M$247M$234M$270M$269M
Income taxes payable$101M$80M$75M$84M$107M$115M
Notes Payable$499M$499M$499M$998M$499M$499M
Operating lease liabilities, current$79M$78M$79M$78M$78M$80M
Standard Product Warranty Accrual$18M$17M$16M$14M$17M$16M
Total current liabilities$1.5B$1.4B$1.5B$2B$1.6B$1.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$744M$706M$709M$738M$861M$746M
Allowance for Doubtful Accounts$9M$7M$8M$9M$7M$8M
Allowance for Doubtful Accounts Receivable (Current)$9M$7M$8M$9M$7M$8M
Cash and cash equivalents$1.1B$1.1B$934M$1.1B$1.4B$1.1B
Income taxes receivable$74M$50M$75M$53M$81M$69M
Finished goods$31M$26M$47M$50M$45M$55M
Raw materials$225M$216M$227M$251M$254M$268M
Work in process$404M$404M$419M$418M$398M$427M
Inventories$660M$646M$693M$719M$0$20M
Other Inventory, Net$113M$109M$118M$129M$133M$119M
Prepaid expenses and other current assets$244M$200M$210M$199M$238M$234M
Short-term investments$93M$124M$221M$228M$215M$66M
Total current assets$2.7B$2.7B$2.6B$2.8B$3.3B$2.7B
Trading Securities in Marketable Securities$26M$46M$46M$58M$58M$60M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$7.5B$7.6B$7.7B$7.8B$7.8B$7.9B
Accumulated other comprehensive income (loss)$22M$8M-$21M-$12M-$10M$1M
Common stock$2M$2M$2M$2M$2M$2M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$2M$2M$2M$2M$2M$2M
Retained earnings-$1.2B-$1.1B-$876M-$726M-$392M-$258M
Share-Based Payment - Unrecognized Cost of Nonvested Awards—$687M$553M$462M—$576M
Total liabilities and stockholders' equity$6.3B$6.2B$6.1B$6.2B$6.6B$6.6B
Total stockholders' equity$2.4B$2.4B$2.3B$2.4B$2.7B$2.7B
Treasury stock$3.9B$4.1B$4.5B$4.6B$4.7B$4.9B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contingent Consideration Liability (Non-Current)————$54M$119M
Deferred Compensation Liability (Non-Current)————$72M$67M
Long-term debt$1.5B$1.5B$1.5B$994M$1.5B$1.5B
Operating lease liabilities, non-current$554M$539M$528M$506M$486M$475M
Other non-current liabilities$339M$344M$348M$334M$360M$352M
Total liabilities————$126M$186M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Revenue Timing Percentage—83.0%79.0%77.0%—85.0%
Allowance for doubtful accounts$9M$7M$8M$9M$7M$8M
Business Combination, Contingent Consideration, Liability————$54M$119M
Contract with Customer, Asset, after Allowance for Credit Loss$16M$15M$15M$22M$21M$23M
Contract with Customer, Liability$327M$329M$324M$307M$346M$344M
Deferred Compensation Liability Current And Noncurrent————$72M$67M
Deferred compensation plan assets————$79M$77M
Unrecognized compensation cost related to non-vested awards—$687M$553M$462M—$576M
Trading securities, cost$26M$46M$46M$58M$58M$60M
Thereafter—————$131M
Finite-Lived Intangible Assets, Accumulated Amortization————$514M$531M
2028—————$76M
2030—————$40M
Remainder of 2026—————$59M
2027—————$78M
2029—————$46M
Gross Carrying Amount————$724M$961M
Grants receivable————$21M$24M
Receivable from credits from ARPA————$8M$3M
Income taxes receivable$74M$50M$75M$53M$81M$69M
Inventory, Current And Noncurrent————$564M$631M
Raw materials$225M$216M$227M$251M$254M$268M
Long Term Notes Payable$1.5B$1.5B$1.5B$994M$1.5B$1.5B
Other accrued liabilities$135M$122M$147M$118M$140M$135M
Other investments————$32M$38M
Standard and Extended Product Warranty Accrual$18M$17M$16M$14M$17M$16M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$891M$862M$747M—$1.1B
Specific performance obligation—————$38M
Remainder of Fiscal Year 2024—————$59M
Remainder of Fiscal Year 2025—————$59M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$348M$373M$400M$423M$449M$523M
Equity method investments$26M$46M$46M$58M$58M$60M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$26M$46M$46M$58M$58M$60M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)—————$40M
Finite Lived Intangible Assets - Gross————$724M$961M
Goodwill$1.1B$1.1B$1.1B$1.1B$1.1B$1.3B
Equity securities————$215M$66M
Intangible assets, net$295M$278M$238M$225M$210M$430M
Investments - Amortized Cost Basis$26M$46M$46M$58M$58M$60M
Net Investment in Lease$419M$410M$397M$382M$370M$371M
Deferred tax assets$567M$553M$534M$490M$454M$458M
Intangible assets — net————$210M$430M
Other intangible assets—net$295M$278M$238M$225M$210M$430M
Operating lease right-of-use assets$419M$410M$397M$382M$370M$371M
Other non-current assets$348M$373M$400M$423M$449M$523M
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$93M$124M$221M$228M$215M$66M
Operating lease right-of-use assets$419M$410M$397M$382M$370M$371M
Operating Lease Right-of-Use Assets in Other Assets$419M$410M$397M$382M$370M$371M
Other non-current assets$348M$373M$400M$423M$449M$523M
Accumulated depreciation————$514M$531M
Property and equipment, net$815M$782M$764M$748M$759M$755M
Software and Technology Licenses, Net$348M$373M$400M$423M$449M$523M
Total assets$6.3B$6.2B$6.1B$6.2B$6.6B$6.6B