What is Illumina's price / earnings?

Illumina (ILMN) reported price / earnings of 22.1× in Q1 2026.

What does price / earnings mean?

How many dollars investors pay for each dollar of the company's annual profit.

How do you interpret price / earnings?

Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.

How does price / earnings compare across companies?

Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.

Illumina ILMN Price / earnings

Price / earnings at other companies

Thermo Fisher ScientificTMO

26.7×-2.2×

Agilent TechnologiesA

23.1×-3.1×

DanaherDHR

36.4×-2.6×

AbbottABT

28.4×+11.4×

IncyteINCY

13.1×-538×

Intuitive SurgicalISRG

55×-16.7×

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$24.07B+50.0%

Enterprise value$25.03B+46.0%

P/S5.5×+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.

market cap/net income=22.1×

Based on the most recent quarter.

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 price / earnings?: Illumina (ILMN) reported price / earnings of 22.1× in Q1 2026.
What does price / earnings mean?: How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?: Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?: Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.