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Illumina ILMN Total product revenue — Total Revenue

Other product segments

Consumables
$797M+3.8%
Service
$174M+8.1%
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 total product revenue — total revenue?
Illumina (ILMN) reported total product revenue — total revenue of $917M in Q1 2026.
How has Illumina's total product revenue — total revenue changed year-over-year?
Illumina's total product revenue — total revenue increased by 4.2% year-over-year, from $880M to $917M.
What is the long-term trend for Illumina's total product revenue — total revenue?
Over 4 years (2021 to 2025), Illumina's total product revenue — total revenue has grown at a -1.7% compound annual growth rate (CAGR), from $3.97B to $3.71B.
What does total product revenue — total revenue mean?
This metric represents the portion of total consolidated revenue derived specifically from the sale of physical goods, including sequencing instruments, consumables, and microarray products. It excludes revenue generated from service contracts, software licensing, or other non-product offerings. Tracking this ratio helps investors assess the company's reliance on hardware and recurring consumable sales versus service-based income streams.