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Illumina ILMN Sequencing — Total Revenue

Other segment segments

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$96M+2.1%

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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%
CapEx$38.0M+18.8%
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 sequencing — total revenue?
Illumina (ILMN) reported sequencing — total revenue of $995M in Q1 2026.
How has Illumina's sequencing — total revenue changed year-over-year?
Illumina's sequencing — total revenue increased by 5.1% year-over-year, from $947M to $995M.
What is the long-term trend for Illumina's sequencing — total revenue?
Over 4 years (2021 to 2025), Illumina's sequencing — total revenue has grown at a -0.8% compound annual growth rate (CAGR), from $4.11B to $3.99B.
What does sequencing — total revenue mean?
This metric represents the total gross revenue generated by the core sequencing business segment, encompassing sales of genetic sequencing instruments, associated consumables, and related service contracts. It serves as the primary indicator of the company's market penetration and demand for its high-throughput and clinical diagnostic genomic platforms. Tracking this figure allows investors to assess the health of the core life sciences product portfolio independent of non-sequencing business lines.