Illumina (ILMN) Q1 FY2026 earnings: revenue $1.1 billion, up 4.8% on the year
Illumina, Inc. (ILMN) reported revenue of $1.1 billion for Q1 FY2026, the quarter ended 29 March 2026, up 4.8% on the same quarter a year earlier. Net income was $134 million, up 2.3% on the year, and diluted earnings per share $0.87. The figures are the company's own, from the 10-Q it filed with the SEC on 4 May 2026.
Revenue
$1.1 billion
+4.8% on the year · -5.9% on the quarter
Q2 FY2024Q1 FY2026
Operating margin
19.2%
15.8% a year earlier
Q2 FY2024Q1 FY2026
Net income
$134 million
+2.3% on the year · -59.9% on the quarter
Q2 FY2024Q1 FY2026
Diluted EPS
$0.87
+6.1% on the year · -59.7% on the quarter
Q2 FY2024Q1 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 raised, 2 kept.
Revenue rose 4.8% to $1.09 billion: Revenue was $1,091 million, against $1,041 million a year earlier, an increase of 4.8%.
Diluted EPS higher on both bases: Diluted EPS was $0.87 on a GAAP basis and $1.15 non-GAAP, against $0.82 and $0.97 a year earlier.
Full-year guidance raised on three measures: Management said it is raising full-year revenue and EPS guidance; the margin range was also raised, and the growth ranges were kept.
$ million except per share. Read moreFourth quarters are the year less the first three 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.
Cash flow
$ million
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
289
321
240
-10.0%
+20.4%
Capital expenditure
38.0
55.0
32.0
-30.9%
+18.8%
Free cash flow
251
266
208
-5.6%
+20.7%
Free cash flow margin
23.0%
23.0%
20.0%
Cash from investing
-366
108
-63.0
Cash from financing
-251
-63.0
-195
Depreciation and amortisation
69.0
66.0
69.0
+4.5%
0.0%
Share-based compensation
60.0
63.0
73.0
-4.8%
-17.8%
Buybacks
242
42.0
200
+476.2%
+21.0%
Diluted shares, weighted
154m
154m
159m
0.0%
-3.1%
Shares outstanding at period end
151m
153m
158m
-1.1%
-4.4%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
2,676
2,723
2,368
-1.7%
+13.0%
Debt
1,989
1,989
1,990
0.0%
-0.1%
Operating lease liabilities
475
486
539
-2.3%
-11.9%
Other liabilities
1,419
1,446
1,285
-1.9%
+10.4%
Total liabilities and equity
6,559
6,644
6,182
-1.3%
+6.1%
Fixed assets
755
759
782
-0.5%
-3.5%
Goodwill
1,284
1,113
1,113
+15.4%
+15.4%
Intangible assets
430
210
278
+104.8%
+54.7%
Investments
66.0
215
124
-69.3%
-46.8%
Cash and equivalents
1,089
1,418
1,113
-23.2%
-2.2%
Receivables
738
854
699
-13.6%
+5.6%
Inventory
611
564
537
+8.3%
+13.8%
Other assets
1,586
1,511
1,536
+5.0%
+3.3%
Total assets
6,559
6,644
6,182
-1.3%
+6.1%
Questions
What was Illumina's revenue in Q1 FY2026?
Illumina (ILMN) reported revenue of $1.1 billion for Q1 FY2026, the quarter ended 29 March 2026, up 4.8% on the same quarter a year earlier.
How much did Illumina earn in Q1 FY2026?
Net income for Q1 FY2026 was $134 million, up 2.3% on the year, and diluted earnings per share $0.87.
When did Illumina report Q1 FY2026 results?
Illumina filed its 10-Q for the quarter ended 29 March 2026 with the SEC on 4 May 2026.
Each quarter as filed, linked to its filing. Read more* 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. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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.
10-Q for the period ended 29 March 2026, filed 4 May 2026: the filing.