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Stocks / United States / ILMN · Laboratory Analytical Instruments · Nasdaq

Illumina, Inc. (ILMN)

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Illumina, Inc. (ILMN) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 28 June 2026, up 9.4% on the same quarter a year earlier. Net income was $207 million, down 11.9% on the year, and diluted earnings per share $1.35. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue$1.2 billionup 9.4%
Net income$207 milliondown 11.9%
Diluted EPS$1.35
QuarterQ2 FY2026ended 28 June 2026

Ratios

From the filings

ROE29.1%
ROCE20.4%
Operating margin19.7%
Net margin18.4%
FCF margin20.7%
Interest cover8.92
Debt to equity0.53
Cash conversion1.33
Share count, 1 year-1.8%
Sales CAGR, 3 years-1.8%
Profit CAGR, 3 yearsn/a
EPS, TTM$5.36

At the close of 21 September 2026

Price$238.82
Market cap$36.1 billion
Stock P/E44.56
Price to book12.71
EV / EBITDA31.61
Dividend yieldn/a
Market cap / sales8.03
52-week high$245.18
52-week low$91.00
Price, 1 year132.4%
Price CAGR, 3 years22.7%
Price CAGR, 5 years-11.2%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the borrowings Illumina, Inc. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ILMN

Filings24 in twelve months: 16 current reports (8-K), about 7 other events; 5 results of operations; 3 officer or director change; 2 regulation fd disclosure; 1 material agreement
Planned insider sales25 Form 144 notices in twelve months, $590.8 million; latest 4 September 2026
Options tapeput/call 0.48 by open interest on 23 September 2026; the straddle prices a 10.1% move to 16 October 2026
Holders12 of the followed funds hold it; largest FMR LLC; 4 Schedule 13D or 13G filings in twelve months
Insider trading113 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest9.7 million shares short, 5.15 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,1191,1221,0761,1121,0801,1041,0411,0591,0841,1591,0911,159
Cost of revenue435449409391335376358364351400370389
Gross profit684673667721745728683695733759721770
Gross margin61%60%62%65%69%66%66%66%68%65%66%66%
R&D315340339325253252252247229239240252
SG&A303481439147239267267234277308272273
Operating income-754-163-111-1,637741174164214227202209245
Operating margin-67%-15%-10%-147%69%16%16%20%21%17%19%21%
Interest expense19.019.018.020.036.026.025.025.025.026.024.024.0
Pre-tax income-782-168-109-1,976720186182306220378157260
Tax raten/an/an/an/a2%0%28%23%32%12%15%20%
Net income-754-176-126-1,988705186131235150334134207
Net margin-67%-16%-12%-179%65%17%13%22%14%29%12%18%
Diluted EPS-$4.77-$1.11-$0.79-$12.48$4.42$1.16$0.82$1.49$0.98$2.16$0.87$1.35
Operating cash flow13922477.080.0316364240234284321289201
Capital expenditure45.051.036.031.032.029.032.030.031.055.038.040.0
Free cash flow94.017341.049.0284335208204253266251161
Buybacksn/an/a0.00.099.017.020037013042.0242128
Shares outstanding159m159m159m159m159m159m158m154m153m153m151m151m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014FY2015 FY2016 FY2017FY2018FY2019 FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,8612,2202,3982,7523,3333,5433,2394,5264,5844,5044,3724,3434,493
Cost of revenue5646707329261,0331,0761,0361,3721,6121,7601,5111,4731,510
Gross profit1,2981,5491,6661,8262,3002,4672,2033,1542,9722,7442,8612,8702,983
Gross margin69.7%69.8%69.5%66.4%69.0%69.6%68.0%69.7%64.8%60.9%65.4%66.1%66.4%
Research and development3884025045466236476821,1851,3211,3541,169967960
Selling, general and administrative4665165836747948359412,0921,2971,6121,0921,0861,130
Operating income515613587606883985580-123-4,179-1,069-833807883
Operating margin27.7%27.6%24.5%22.0%26.5%27.8%17.9%-2.7%-91.2%-23.7%-19.1%18.6%19.7%
Interest expense41.743.033.037.057.052.049.061.026.077.010010199.0
Pre-tax income4495835611,0438941,118856884-4,336-1,117-1,1791,0861,015
Income tax95.412513336511212820012268.044.044.0236190
Effective tax rate21.3%21.4%23.7%35.0%12.5%11.4%23.4%13.8%n/an/an/a21.7%18.7%
Net income3534624637268261,002656762-4,404-1,161-1,223850825
Net margin19.0%20.8%19.3%26.4%24.8%28.3%20.3%16.8%-96.1%-25.8%-28.0%19.6%18.4%
Diluted EPS$2.37$3.10$3.07$4.92$5.56$6.74$4.45$5.04-$28.00-$7.34-$7.69$5.45$5.36
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015 FY2016 FY2017FY2018FY2019 FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow5017867798751,1421,0511,0805453924788371,0791,095
Capital expenditure106143260310296209189208286195128148164
Free cash flow395643519565846842891337106283709931931
Free cash flow margin21.2%29.0%21.6%20.5%25.4%23.8%27.5%7.4%2.3%6.3%16.2%21.4%20.7%
Depreciation and amortisation113127141156179188187251394432354270272
Share-based compensation153133129164193194194754366380370275265
Buybacks2372742492512013247360.00.00.0116742542
Diluted shares, weighted149m149m148m148m149m149m148m151m157m158m159m156m153m
Shares outstanding at period end144m147m146m147m147m147m146m157m158m159m159m153m151m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 FY2016 FY2017FY2018FY2019 FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets3,3403,6884,2815,2576,9597,3167,58515,21712,25210,1116,3036,6446,650
Cash and equivalents6367697351,2251,1442,0421,8101,2322,0111,0481,1271,4181,040
Receivables289386381411514573487648671734735854764
Inventory191271300333386359372431568587547564629
Goodwill7257537767718318978977,1133,2392,5451,1131,1131,284
Total debt, as filed1,291n/an/an/an/an/an/an/an/an/an/an/an/a
Long-term debt9871,0161,0561,1828901,141673n/an/an/an/an/an/a
Borrowings, as the company tags them987n/an/an/an/an/a6739931,4871,4891,4901,4901,491
Operating lease liabilitiesn/an/an/an/an/a695671774744687554486454
Shareholders' equity1,4631,8492,1972,7493,7584,6134,69410,7406,5995,7452,3732,7232,838
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded6.9%6.0%-1.8%4.9%
Profit growth, compounded6.3%5.3%n/a-34.4%
Return on equity, average0.5%-20.0%-13.5%31.2%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Laboratory Analytical Instruments

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Agilent Technologies, Inc. A$45.7 billion31.8819.6%22.2%8.6%0.490.6%
Waters Corp. WAT$41.6 billion105.721.1%7.1%52.5%0.32n/a
Illumina, Inc. ILMN$36.1 billion44.5629.1%19.7%4.9%0.53n/a
Mettler Toledo International Inc/ MTD$31.0 billion32.257,062.4%n/a6.9%164.70n/a
Revvity, Inc. RVTY$16.0 billion68.703.3%12.3%4.1%0.450.2%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q28 June 202631 July 2026EDGAR
10-Q29 March 20264 May 2026EDGAR
10-K28 December 202512 February 2026EDGAR
10-Q28 September 202531 October 2025EDGAR
10-Q29 June 20251 August 2025EDGAR
10-Q30 March 20259 May 2025EDGAR
10-K29 December 202412 February 2025EDGAR
10-Q29 September 20246 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR

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