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ILLUMINA (ILMN)

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Earnings summaries and quarterly performance for ILLUMINA.

Research analysts who have asked questions during ILLUMINA earnings calls.

David Westenberg

David Westenberg

Piper Sandler

4 questions for ILMN

Also covers: ADPT, AKYA, BLLN +13 more
Tycho Peterson

Tycho Peterson

Jefferies

4 questions for ILMN

Also covers: A, AVTR, BIO +22 more
Vijay Kumar

Vijay Kumar

Evercore ISI

4 questions for ILMN

Also covers: A, ABT, AVTR +21 more
CN

Conor Noel McNamara

RBC Capital Markets

3 questions for ILMN

Also covers: AVTR, BIO, HOLX +6 more
Daniel Brennan

Daniel Brennan

TD Cowen

3 questions for ILMN

Also covers: A, ADPT, AVTR +24 more
Douglas Schenkel

Douglas Schenkel

Wolfe Research, LLC

3 questions for ILMN

Also covers: A, AVTR, BRKR +21 more
PS

Puneet Souda

Leerink Partners

3 questions for ILMN

Also covers: A, ABCL, BRKR +20 more
DA

Daniel Arias

Stifel, Nicolaus & Company, Incorporated

2 questions for ILMN

Also covers: A, AVTR, CDXS +15 more
KM

Kyle Mikson

Canaccord Genuity

2 questions for ILMN

Also covers: AKYA, BDSX, CSTL +12 more
Patrick Donnelly

Patrick Donnelly

Citi

2 questions for ILMN

Also covers: A, AVTR, BIO +22 more
SN

Subhalaxmi Nambi

Guggenheim Securities

2 questions for ILMN

Also covers: AKYA, BRKR, CSTL +15 more
SJ

Sung Ji Nam

Scotiabank

2 questions for ILMN

Also covers: ADPT, BDSX, BNGO +9 more
BM

Ben Miller

Stephens Inc.

1 question for ILMN

Dan Arias

Dan Arias

Stifel Financial Corp.

1 question for ILMN

Also covers: A, GH, MRVI +9 more
DL

Daniel Leonard

Stifel Financial Corp.

1 question for ILMN

Also covers: A, AVTR, BIO +15 more
Doug Schenkel

Doug Schenkel

Wolfe Research LLC

1 question for ILMN

Also covers: A, AVTR, BRKR +15 more
EB

Eve Burstein

Goldman Sachs

1 question for ILMN

Also covers: EXAS, GH, PACB +1 more
Jack Meehan

Jack Meehan

Nephron Research LLC

1 question for ILMN

Also covers: A, AVTR, BIO +17 more
Michael Ryskin

Michael Ryskin

Bank of America Merrill Lynch

1 question for ILMN

Also covers: A, ALGN, AVTR +28 more
Rachel Vatnsdal

Rachel Vatnsdal

JPMorgan Chase & Co.

1 question for ILMN

Also covers: A, AKYA, AVTR +11 more
RV

Rachel Vatnsdal Olson

JPMorgan

1 question for ILMN

Also covers: A, ADPT, AKYA +14 more
Subbu Nambi

Subbu Nambi

Guggenheim Securities

1 question for ILMN

Also covers: BOLD, BRKR, CARS +16 more
TS

Tejas Savant

Morgan Stanley

1 question for ILMN

Also covers: ADPT, AKYA, AVTR +19 more

Recent press releases and 8-K filings for ILMN.

Illumina Completes SomaLogic Acquisition
ILMN
M&A
New Projects/Investments
  • Illumina, Inc. completed its acquisition of SomaLogic on January 30, 2026.
  • The acquisition, funded with cash on hand, involved a purchase price of $350 million in cash at closing, plus up to $75 million in near-term performance-based milestones and royalties.
  • This deal expands Illumina's multiomics portfolio and strengthens its proteomics capabilities.
  • Illumina will discuss the financial implications of this transaction during its upcoming earnings call on February 5, 2026.
4 days ago
Illumina Completes SomaLogic Acquisition
ILMN
M&A
New Projects/Investments
  • Illumina, Inc. has completed its acquisition of SomaLogic, a leader in data-driven proteomics technology.
  • This acquisition expands Illumina's multiomics portfolio, strengthening its capabilities in delivering scalable insights across genomics and proteomics.
  • The deal involved $350 million in cash paid at closing, plus up to $75 million in near-term performance-based milestones and royalties, and was funded with cash on hand.
  • Illumina will discuss the financial implications of this transaction during its upcoming earnings call scheduled for February 5, 2026.
4 days ago
illumin Announces Advertising Platform Upgrade
ILMN
Product Launch
New Projects/Investments
  • illumin Holdings Inc. (TSX: ILLM, OTCQB: ILLMF) announced a major upgrade to its advertising platform on January 27, 2026.
  • The upgraded platform is designed to deliver clear proof of programmatic performance, directly connecting advertising activity to business outcomes while budgets are active.
  • Key benefits for marketers include up to 50% extended audience reach, a 40% lift in Connected TV performance, and 25% lower retargeting costs, leading to a stronger return on ad spend.
  • New platform enhancements, such as Canvas, AI-powered Insights, and Impact, are integrated to facilitate in-market decision-making and continuous optimization of campaigns.
  • The updated platform is available immediately, with further enhancements planned throughout 2026.
8 days ago
Illumina Secures CMS Reimbursement for TruSight Oncology Comprehensive
ILMN
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
  • Illumina announced that its FDA-approved TruSight™ Oncology (TSO) Comprehensive test has secured reimbursement from the Centers for Medicare and Medicaid Services (CMS).
  • The reimbursement rate for the test is $2,989.55 per test, effective January 1, 2026, under the Clinical Laboratory Fee Schedule.
  • This decision is expected to expand access to comprehensive genomic profiling (CGP) for patients, empowering healthcare providers to deliver precision oncology insights.
  • Clinical markets were a key driver of growth, with clinical customers accounting for approximately 60% of Illumina's sequencing consumables revenue in fiscal year 2025.
Jan 20, 2026, 2:15 PM
Pan-Genomic and Multi-Gene Panel Testing Market Forecasts Significant Growth
ILMN
New Projects/Investments
Product Launch
Revenue Acceleration/Inflection
  • The Pan-Genomic and Multi-Gene Panel Testing Market was valued at US$ 8,907.34 million in 2024 and is projected to grow to US$ 25,906.10 Million by the end of 2032.
  • The market is expected to register a compound annual growth rate (CAGR) of 12.04% between 2025 and 2032, driven by the rising adoption of precision diagnostics and expanding clinical applications of genomic technologies.
  • Illumina is identified as one of the top three dominant players in this market, with its TruSight Oncology Comprehensive (TSO Comprehensive) receiving FDA approval in 2024 as the first FDA-approved distributable comprehensive genomic profiling IVD kit with pan-cancer companion diagnostic claims.
  • Market expansion is supported by increasing clinical adoption across specialties like oncology and technological innovations in next-generation sequencing (NGS) and AI-driven interpretation.
Jan 16, 2026, 10:58 AM
Illumina Reports Preliminary FY25 Results and Outlines FY27 Targets
ILMN
Earnings
Guidance Update
Share Buyback
  • Illumina reported preliminary FY25 revenue of ~$4.34 billion (flat year-over-year constant currency) and non-GAAP diluted EPS of $4.76-$4.79, achieving a non-GAAP operating margin of ~23%.
  • For Q4 2025, preliminary results indicate revenue of ~$1.155 billion (approximately 4% year-over-year growth constant currency) and non-GAAP diluted EPS ranging from $1.27 to $1.30.
  • The company achieved key NovaSeq X milestones and observed an acceleration in Ex-China Sequencing Consumables YoY Growth to 20% in Q4 2025, driven by 11% growth in Research & Applied and 0% in Clinical.
  • Illumina has set FY27 targets including high-single-digit (HSD) revenue growth (ex-China), over 500 basis points of operating margin expansion, and double-digit to teens EPS growth.
  • The company generated ~$1.0 billion in free cash flow for the last twelve months as of September 28, 2025, and executed ~$740 million in share buybacks during FY25.
Jan 13, 2026, 3:30 PM
Illumina Reports Strong Q4 and Full-Year 2025 Preliminary Results, Driven by Clinical Market Growth and NovaSeq X Adoption
ILMN
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
  • Illumina reported preliminary Q4 2025 revenue growth of 4% on a constant currency basis, or 7% excluding China, with Q4 earnings per share (EPS) in the range of $1.27-$1.30. This contributed to a full-year 2025 EPS of approximately $4.76-$4.79, representing over 15% earnings growth.
  • The company placed over 95 NovaSeq X instruments in Q4 2025, and by year-end 2025, the NovaSeq X accounted for approximately 80% of high-throughput gigabases shipped, reflecting strong customer adoption, particularly in clinical markets.
  • Illumina returned to growth in 2025, expanding margins by approximately 200 basis points and growing EPS by 15%, with expectations to continue this progress in 2026, driven by the clinical market.
  • Strategic initiatives include expanding into multiomics with new solutions and the launch of BioInsight, aimed at accelerating drug discovery through large-scale data analysis and AI, supported by approximately $1 billion in annual cash flow and a commitment to share repurchases.
Jan 13, 2026, 3:30 PM
Illumina Reports Strong Preliminary Q4 2025 Results and Strategic Progress
ILMN
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
  • Illumina announced strong preliminary Q4 2025 results, with revenue growing 4% on a constant currency basis and 7% excluding China, and Q4 EPS between $1.27 and $1.30, leading to full-year EPS growth of over 15%.
  • The NovaSeq X transition is advancing, with the instrument representing approximately 80% of high-throughput gigabases shipped by year-end 2025, and clinical consumables growth ex-China reaching 20% in Q4.
  • The company is expanding its ecosystem with new multi-omics solutions and the launch of BioInsights, aimed at accelerating drug discovery through large-scale data and AI.
  • Clinical markets are a primary growth driver, accounting for roughly 60% of consumables revenue and experiencing sequencing volume growth above 30%, though the academic and research market is anticipated to be muted in 2026.
  • Illumina emphasizes disciplined capital allocation, prioritizing investment in innovation, targeted acquisitions, and shareholder returns, having repurchased $740 million by June 2025.
Jan 13, 2026, 3:30 PM
Illumina Announces Preliminary Q4 and Full-Year 2025 Results, Highlights Strategic Growth
ILMN
Earnings
Guidance Update
New Projects/Investments
  • Illumina reported preliminary Q4 2025 revenue growth of 4% on a constant currency basis and 7% excluding China, with Q4 earnings per share (EPS) in the range of $1.27 to $1.30.
  • For the full year 2025, EPS is expected to be approximately $4.76 to $4.79, representing over 15% earnings growth and a return to company growth with 200 basis points margin expansion.
  • This performance was driven by strong NovaSeq X instrument placements (more than 95 X's) and consumables, particularly from clinical customers, which now account for roughly 60% of sequencing consumables and saw 20% growth ex-China in Q4.
  • The company is focused on strategic growth pillars, including expanding the NGS ecosystem, deepening biological discovery through multi-omics (e.g., single-cell solution, Illumina Protein Prep, spatial solution), and scaling services, data, and software with the new BioInsights business.
  • Capital allocation priorities include investing in innovation, pursuing targeted bolt-on acquisitions, and returning excess capital to shareholders, with $740 million returned via share repurchases by June 2025.
Jan 13, 2026, 3:30 PM
Illumina Introduces Billion Cell Atlas to Accelerate AI and Drug Discovery
ILMN
Product Launch
New Projects/Investments
Partnerships
  • Illumina introduced the Billion Cell Atlas, described as the world's largest genome-wide genetic perturbation dataset, aimed at accelerating drug discovery through AI across the pharmaceutical ecosystem.
  • This Atlas is the initial phase of a program to build a 5 billion cell atlas over three years, designed to capture how 1 billion individual cells respond to genetic changes via CRISPR across more than 200 disease-relevant cell lines.
  • AstraZeneca, Merck, and Eli Lilly and Company are leading as founding participants in an alliance framework to leverage the Atlas for validating genetic targets and training advanced AI models.
  • The Billion Cell Atlas is the first data product to emerge from Illumina's new BioInsight business, which is focused on providing foundational technologies and datasets for AI in pharma.
Jan 13, 2026, 2:15 PM