Illumina ILMN Total product revenue — Cost of revenue

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Questions, answered.

What is Illumina's total product revenue — cost of revenue?

Illumina (ILMN) reported total product revenue — cost of revenue of $273M in Q1 2026.

How has Illumina's total product revenue — cost of revenue changed year-over-year?

Illumina's total product revenue — cost of revenue increased by 7.9% year-over-year, from $253M to $273M.

What is the long-term trend for Illumina's total product revenue — cost of revenue?

Over 4 years (2021 to 2025), Illumina's total product revenue — cost of revenue has grown at a 1.1% compound annual growth rate (CAGR), from $1.06B to $1.11B.

What does total product revenue — cost of revenue mean?

This metric represents the direct costs associated with manufacturing and delivering the company's physical products, including materials, labor, and overhead. It is used to calculate the gross margin specifically for the product segment, excluding service-related costs. Analyzing this figure allows investors to evaluate the manufacturing efficiency and cost structure of the company's core hardware and consumable offerings.