Illumina (ILMN) Cost of Revenue (2009 - 2026)
Illumina (ILMN) posted quarterly Cost of Revenue of $389.0 million for Q2 2026, up 6.87% year-over-year from $364.0 million in Q2 2025, and up 5.14% on a QoQ basis from $370.0 million in Q1 2026.
Illumina (ILMN) Cost of Revenue (2009 - 2026) Analysis & Trends
Illumina has reported Cost of Revenue for 18 years, with the latest figure at $389.0 million in Q2 2026.
- Cost of Revenue for Q2 2026 came in at $389.0 million, up 6.87% year-over-year; the trailing twelve-month figure through Jun 2026 was $1.5 billion (up 5.37% YoY), and the FY2025 annual result was $1.5 billion, down 2.51% from the prior year.
- Cost of Revenue improved to $389.0 million in Q2 2026, from $370.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $622.0 million in Q1 2023 and troughed at $335.0 million in Q3 2024.
- A 5-year average of $406.9 million and a median of $396.5 million in 2022 frame the typical range for Cost of Revenue.
- The widest annual swing landed in 2022, when Cost of Revenue increased 24.01%; it then declined 27.97% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $398.0 million in 2022, then rose by 12.56% to $448.0 million in 2023, then declined by 16.07% to $376.0 million in 2024, then grew by 6.38% to $400.0 million in 2025, then retreated by 2.75% to $389.0 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $389.0 million in Q2 2026, $370.0 million in Q1 2026, and $400.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 3.65 Bn |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 2.65 Bn |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | 266.60 Mn |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 845.00 Mn |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | 2.93 Bn |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 437.50 Mn |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 389.00 Mn |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 253.28 Mn |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | 2.62 Bn |
| 10 | Quest Diagnostics | 27.10 Bn | 26.47 Bn | 1.03 Bn | 2.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 389.00 Mn |
| Jun 28, 2026 | 389.00 Mn |
| Mar 29, 2026 | 370.00 Mn |
| Mar 29, 2026 | 370.00 Mn |
| Dec 28, 2025 | 400.00 Mn |
| Dec 28, 2025 | 400.00 Mn |
| Sep 28, 2025 | 351.00 Mn |
| Sep 28, 2025 | 351.00 Mn |
| Jun 29, 2025 | 364.00 Mn |
| Jun 29, 2025 | 364.00 Mn |
| Mar 30, 2025 | 358.00 Mn |
| Mar 30, 2025 | 358.00 Mn |
| Dec 29, 2024 | 376.00 Mn |
| Dec 29, 2024 | 376.00 Mn |
| Sep 29, 2024 | 335.00 Mn |
| Sep 29, 2024 | 335.00 Mn |
| Jun 30, 2024 | 391.00 Mn |
| Jun 30, 2024 | 391.00 Mn |
| Mar 31, 2024 | 409.00 Mn |
| Mar 31, 2024 | 409.00 Mn |