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Illumina Income Statement

Revenue, expenses, and profitability over time

Illumina generated $4.4B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $853.0M with a 19.42% net margin. Gross margin stands at 66.2% and operating margin at 19.37%. Diluted EPS is $5.50, which grew 1.7% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$4.4BGross Profit (TTM)$2.9BOperating Income (TTM)$851.0MNet Income (TTM)$853.0MEps Diluted (TTM)$5.50
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$25.1B
P/E Ratio29.48
ROE33.82%

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of acquired technology$17M$17M$17M$16M$16M$17M
Total cost of revenue$376M$358M$364M$351M$400M$370M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share—$0.83$1.49$0.98$2.17$0.88
Diluted earnings per share—$0.82$1.49$0.98$2.16$0.87
Weighted-average shares, basic159M159M157M153M155M153M
Weighted-average shares, diluted159M159M157M154M156M154M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$728M$683M$695M$733M$759M$721M
Operating income—$164M$214M$227M$201M$209M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes—$182M$306M$220M$377M$157M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$0$51M$71M$70M$43M$23M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$25M$25M$25M$25M$26M$24M
Interest income$10M$11M$10M$9M$10M$11M
Other income (expense), net$0$18M$92M-$7M$176M-$52M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$186M$131M$235M$150M$334M$134M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of capitalized software and acquired intangible assets$17M$17M$17M$17M$16M$18M
Depreciation$54M$52M$51M$50M$50M$51M
Accounts payable—-$15M-$11M$13M$15M-$12M
Increase (Decrease) in Accounts Receivable$45M-$46M-$3M$36M$121M-$118M
Accrued liabilities-$34M-$56M-$35M$22M$69M-$47M
Increase (Decrease) in Inventories-$28M-$10M$38M$15M—$13M
Increase (decrease) in other assets$1M$1M$2M$10M$8M$26M
Increase (decrease) in all other liabilities$37M$14M$12M—$17M-$10M
Increase (Decrease) in Prepaid Expense and Other Assets$3M-$6M-$5M$12M$7M$2M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$47M-$195M-$371M-$115M-$63M-$251M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$48M-$63M-$49M-$51M—-$366M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$364M$240M$234M$284M$321M$289M
Other Noncash Income (Expense)-$3M$2M-$11M-$9M$0-$8M
Other income, net (Note 6)$0$32M$107M$9M$192M-$39M
Payments for Repurchase of Common Stock$17M$200M$370M$130M$42M$242M
Payment, Tax Withholding, Share-Based Payment Arrangement$30M$22M$1M$1M$16M$33M
Payments to Acquire Businesses, Net of Cash Acquired$0$7M——$3M$415M
Payments to Acquire Property, Plant, and Equipment$29M$32M$30M$31M$55M$38M
Proceeds from Issuance of Common Stock—$27M$1M$16M$0$24M
Revenue From Contract With Customer Excluding Assessed Tax$1.1B$1B$1.1B$1.1B$1.2B$1.1B
Stock-based compensation$79M$73M$69M$70M$63M$60M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other operating expenses$553M$519M$481M$506M$558M$512M
Research and development$256M$252M$247M$229M$239M$240M
Selling, general and administrative$279M$267M$234M$277M$309M$272M
Total operating expenses$553M$519M$481M$506M$558M$512M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.1B$1B$1.1B$1.1B$1.2B$1.1B