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Illumina ILMN Service — Total Revenue

Other product segments

Consumables
$797M+3.8%
Instruments
$120M+7.1%

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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 service — total revenue?
Illumina (ILMN) reported service — total revenue of $174M in Q1 2026.
How has Illumina's service — total revenue changed year-over-year?
Illumina's service — total revenue increased by 8.1% year-over-year, from $161M to $174M.
What is the long-term trend for Illumina's service — total revenue?
Over 4 years (2021 to 2025), Illumina's service — total revenue has grown at a 3.2% compound annual growth rate (CAGR), from $558M to $634M.
What does service — total revenue mean?
This metric represents the total gross income generated from providing maintenance, support, and professional services related to genetic sequencing platforms. It reflects the recurring revenue stream derived from service contracts, instrument installations, and technical training provided to clinical and research customers. This revenue stream is critical for assessing the long-term value of the installed base and customer retention.