Illumina, Inc. income statement
In fiscal 2025, Illumina, Inc. reported revenue of $4.34bn, down 0.7% on the year before, operating income of $807m (a 18.6% margin) and net income of $850m, or $5.45 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Jan 2010 | 2010Jan 2011 | 2011Jan 2012 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Jan 2016 | 2016Jan 2017 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Jan 2023 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 666 | 903 | 1,056 | 1,149 | 1,421 | 1,861 | 2,220 | 2,398 | 2,752 | 3,333 | 3,543 | 3,239 | 4,526 | 4,584 | 4,504 | 4,372 | 4,343 | 4,538 |
| Cost of revenue | 212 | 301 | 346 | 375 | 509 | 564 | 671 | 732 | 926 | 1,033 | 1,076 | 1,036 | 1,372 | 1,612 | 1,760 | 1,511 | 1,473 | 1,458 |
| Gross profit | 454 | 602 | 709 | 774 | 912 | 1,298 | 1,549 | 1,666 | 1,826 | 2,300 | 2,467 | 2,203 | 3,154 | 2,972 | 2,744 | 2,861 | 2,870 | 3,080 |
| Research and development | 141 | 178 | 197 | 231 | 277 | 388 | 401 | 504 | 546 | 623 | 647 | 682 | 1,185 | 1,321 | 1,354 | 1,169 | 967 | 975 |
| Selling, general and administrative | 176 | 220 | 262 | 286 | 381 | 466 | 516 | 584 | 674 | 794 | 835 | 941 | 2,092 | 1,297 | 1,612 | 1,092 | 1,086 | 1,135 |
| Operating income | 126 | 212 | 199 | 201 | 134 | 515 | 613 | 587 | 606 | 883 | 985 | 580 | −123 | −4,179 | −1,069 | −833 | 807 | 960 |
| Interest expense | 24 | 25 | 35 | 38 | 40 | 42 | 43 | 33 | 37 | 57 | 52 | 49 | 61 | 26 | 77 | 100 | 101 | 98 |
| Income before tax | 114 | 185 | 133 | 223 | 159 | 449 | 583 | 561 | 1,043 | 894 | 1,118 | 856 | 884 | −4,336 | −1,117 | −1,179 | 1,086 | 1,058 |
| Income tax | 42 | 60 | 46 | 71 | 34 | 95 | 125 | 133 | 365 | 112 | 128 | 200 | 122 | 68 | 44 | 44 | 236 | 163 |
| Net income | 72 | 125 | 87 | 151 | 125 | 353 | 462 | 463 | 726 | 826 | 1,002 | 656 | 762 | −4,404 | −1,161 | −1,223 | 850 | 895 |
| Diluted EPS | $0.52 | $0.87 | $0.62 | $1.13 | $0.90 | $2.37 | $3.10 | $3.07 | $4.92 | $5.56 | $6.74 | $4.45 | $5.04 | −$28.00 | −$7.34 | −$7.69 | $5.45 | $5.82 |
| Diluted shares (average) | 141m | 147m | 143m | 137m | 144m | 153m | 153m | 152m | 152m | 153m | 153m | 152m | 155m | 157m | 158m | 159m | 156m | 154m |
| EBITDA | 150 | 246 | 255 | 249 | 185 | 627 | 740 | 728 | 762 | 1,062 | 1,173 | 767 | 128 | −3,785 | −637 | −479 | 1,077 | 1,180 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,104 | 1,041 | 1,059 | 1,084 | 1,159 | 1,091 | 1,159 | 1,129 |
| Cost of revenue | 376 | 358 | 364 | 351 | 400 | 370 | 389 | 299 |
| Gross profit | 728 | 683 | 695 | 733 | 759 | 721 | 770 | 830 |
| Research and development | 256 | 252 | 247 | 229 | 239 | 240 | 252 | 244 |
| Selling, general and administrative | 279 | 267 | 234 | 277 | 309 | 272 | 273 | 281 |
| Operating income | 175 | 164 | 214 | 227 | 201 | 209 | 245 | 305 |
| Interest expense | 25 | 25 | 25 | 25 | 26 | 24 | 24 | 24 |
| Income before tax | 187 | 182 | 306 | 220 | 377 | 157 | 260 | 264 |
| Income tax | 0 | 51 | 71 | 70 | 43 | 23 | 53 | 44 |
| Net income | 186 | 131 | 235 | 150 | 334 | 134 | 207 | 220 |
| Diluted EPS | $1.17 | $0.82 | $1.49 | $0.98 | $2.16 | $0.87 | $1.35 | $1.43 |
| EBITDA | 246 | 233 | 282 | 294 | 267 | 260 | 296 | 357 |
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