What is Illumina's capex?

Illumina (ILMN) reported capex of $38M in Q1 2026.

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

Illumina's capex increased by 18.8% year-over-year, from $32M to $38M.

What is the long-term trend for Illumina's capex?

Over 4 years (2021 to 2025), Illumina's capex has grown at a -8.2% compound annual growth rate (CAGR), from $208M to $148M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Illumina ILMN CapEx

CapEx at other companies

RevvityRVTY

$19.78M+23.7%

Thermo Fisher ScientificTMO

$376M+3.9%

AzentaAZTA

$7.4M-0.1%

Pacific Biosciences of CaliforniaPACB

$3.04M+119%

Personalis, Inc.PSNL

$3.19M+27.1%

Guardant HealthGH

$5.58M+25.1%

Other financials

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%

Free cash flow$251.0M+20.7%

Valuation

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Market cap$26.6B+91.5%

Enterprise value$27.56B+83.6%

P/E31.2×+20.1×

P/S6.1×+2.8×

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×

Where this comes from

Reported directly by Illumina in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

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 capex?: Illumina (ILMN) reported capex of $38M in Q1 2026.
How has Illumina's capex changed year-over-year?: Illumina's capex increased by 18.8% year-over-year, from $32M to $38M.
What is the long-term trend for Illumina's capex?: Over 4 years (2021 to 2025), Illumina's capex has grown at a -8.2% compound annual growth rate (CAGR), from $208M to $148M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.