Illumina, Inc.

ILMN Healthcare Diagnostics & Research

Illumina, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.3 billion, down 0.66% from fiscal 2024.

Revenue
+4.15%
EPS
+49.0%
Free cash flow
+49.8%
Total debt
+80.0%

Quarter to September 2026, against a year earlier

209.82 16.72 −7.38%
Market cap
$31.5B
P/E
35.6×
Fwd P/E
46.4×
Dividend yield
—
F-score
8/9
Altman Z
4.39
Beneish M
−2.51
Dividend safety
n/a

Illumina, Inc. (ILMN) Gross margin

Alert me on Gross margin

Illumina, Inc.'s gross margin over the twelve months to 30 September 2026 was 67.9%, up 1.8 percentage points from fiscal 2025 (66.1%). Over the past ten years it has ranged from 60.9% (fiscal 2023) to 69.8% (fiscal 2015); the current reading is higher than 36% of that period. That is above the Diagnostics & Research industry median of 48.3% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 66.1% 0.64
FY2024 65.4% 4.52
FY2023 60.9% (3.91)
FY2022 64.8% (4.86)
FY2021 69.7% 1.68
FY2020 68.0% (1.62)
FY2019 69.6% 0.62
FY2018 69.0% 2.66
FY2017 66.4% (3.12)
FY2016 69.5% (0.30)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 73.5% 7.08
Jun 2026 66.4% 0.35
Mar 2026 66.1% 0.60
Dec 2025 65.5% (2.13)
43 more quarters

Against its own ten years

Low 60.9% High 69.8%
Ten-year median 68.0%
Current reading's percentile 53

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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