What is Illumina's income tax?

Illumina (ILMN) reported income tax of $53M in Q2 2026.

How has Illumina's income tax changed year-over-year?

Illumina's income tax decreased by 25.4% year-over-year, from $71M to $53M.

What is the long-term trend for Illumina's income tax?

Over 2 years (2023 to 2025), Illumina's income tax has grown at a 131.1% compound annual growth rate (CAGR), from $44M to $235M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Illumina ILMN Income Tax

Income Tax at other companies

RevvityRVTY

$9.1M-15.1%

Thermo Fisher ScientificTMO

-$167M—

AzentaAZTA

-$323K-104%

Personalis, Inc.PSNL

$16K+129%

Guardant HealthGH

$372K+28.3%

Twist Bioscience CorporationTWST

$43K-75.4%

Other financials

Income statement

See full

Revenue$1.2B+9.4%

Gross profit$770.0M+10.8%

Operating income$245.0M+14.5%

Net income$207.0M-11.9%

EPS (diluted)$1.35-9.4%

Balance sheet

See full

Cash & equivalents$1.0B+11.3%

Total debt$1.9B-7.3%

Total equity$2.8B+25.7%

Total assets$6.7B+9.2%

Cash flow

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Operating cash flow$201.0M-14.1%

CapEx$39.0M+30.0%

Free cash flow$162.0M-20.6%

Valuation

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Market cap$29.2B+69.7%

Enterprise value$30.1B+63.8%

P/E35.4×+21.7×

P/S6.5×+2.5×

Profitability

See full

Gross margin66.4%-0.2pp

Operating margin19.6%—

Net margin18.4%-11.0pp

FCF margin20.7%-3.3pp

Returns & leverage

See full

Return on equity32.4%-35.7pp

Debt / equity0.7×-0.2×

Current ratio1.8×0.0×

Where this comes from

Reported directly by Illumina in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Illumina’s 8-K, filed July 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Illumina's income tax?: Illumina (ILMN) reported income tax of $53M in Q2 2026.
How has Illumina's income tax changed year-over-year?: Illumina's income tax decreased by 25.4% year-over-year, from $71M to $53M.
What is the long-term trend for Illumina's income tax?: Over 2 years (2023 to 2025), Illumina's income tax has grown at a 131.1% compound annual growth rate (CAGR), from $44M to $235M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.