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Illumina ILMN Inventory turnover

Inventory turnover at other companies

Guardant Health logo
Guardant HealthGH
4.7×+0.4×
Agilent Technologies logo
Agilent TechnologiesA
3.3×+0.2×
Danaher logo
DanaherDHR
+0.3×
Abbott logo
AbbottABT
2.9×+0.1×
Incyte logo
IncyteINCY
1.2×+0.1×
Intuitive Surgical logo
Intuitive SurgicalISRG
0.0×

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$24.5B+50.0%
Enterprise value$25.46B+46.0%
P/E28.7×
P/S5.6×+1.8×

Profitability

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Gross margin66.2%-0.1pp
Operating margin19.4%
Net margin19.4%+12.7pp

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

Calculated from Illumina’s reported figures.

Based on trailing twelve months.

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 inventory turnover?
Illumina (ILMN) reported inventory turnover of 4.5× in Q1 2026.
How has Illumina's inventory turnover changed year-over-year?
Illumina's inventory turnover increased by 105.9% year-over-year, from 2.2× to 4.5×.
What is the long-term trend for Illumina's inventory turnover?
Over 3 years (2021 to 2024), Illumina's inventory turnover has grown at a -9.1% compound annual growth rate (CAGR), from 12.4× to 9.3×.
What does inventory turnover mean?
How many times a year the company sells through and restocks its inventory.
How do you interpret inventory turnover?
Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.
How does inventory turnover compare across companies?
Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.