Illumina, Inc. ILMN

270.00 (3.90) (1.42%) as of 25 Sep
Market cap
$41.3B
P/E
50.4×
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Illumina, Inc. (ILMN) Gross margin

Illumina, Inc.'s gross margin over the twelve months to 30 June 2026 was 66.4%, up 0.3 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 50.9% and above the Healthcare sector median of 53.7%.

Gross margin, annual

Annual

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

Period Gross margin Change (points)
Jun 2026 66.4% 0.35
Mar 2026 66.1% 0.60
Dec 2025 65.5% (2.13)
Sep 2025 67.6% 1.99
42 more quarters

Against its own ten years

Low 60.9% High 69.8%
Ten-year median 68.0%
Current reading's percentile 36

Gross margin against peers

Company Gross margin
ILMN Illumina, Inc. 66.4%
NTRA Natera, Inc. compare 65.2%
GH Guardant Health, Inc. compare 65.0%
IDXX IDEXX Laboratories, Inc. compare 62.5%
MTD Mettler-Toledo International, Inc. compare 60.3%
A Agilent Technologies, Inc. compare 53.8%
WAT Waters Corporation compare 50.9%
DGX Quest Diagnostics Incorporated compare 33.1%
IQV IQVIA Holdings Inc. compare 33.0%
Diagnostics & Research industry median 50.9%
Healthcare sector median 53.7%
Market median 46.3%

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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