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Saturday 17 October 2026 Export ILMN’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 9.44%, EPS fell 8.05%, free cash flow fell 18.3% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

262.03 5.90 −2.20%
Market cap
$40.5B
P/E
48.4×
Fwd P/E
34.7×
Dividend yield
—
F-score
8/9
Altman Z
4.39
Beneish M
−2.51
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Illumina, Inc. (ILMN) Gross margin

Alert me on 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 53.5%.

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)
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 43

Gross margin against peers

Company Gross margin
ILMN Illumina, Inc. 66.4%
NTRA Natera, Inc. compare 65.2%
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%
LH Labcorp Holdings Inc. compare 28.9%
Diagnostics & Research industry median 50.9%
Healthcare sector median 53.5%
Market median 46.2%

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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