Illumina (ILMN) Cost of Revenue (2009 - 2026)

Illumina (ILMN) reported Cost of Revenue of $370.0 million for Q1 2026, up 3.35% on a YoY basis from $358.0 million in Q1 2025, and down 7.5% quarter-over-quarter from $400.0 million in Q4 2025.

Illumina (ILMN) Cost of Revenue (2009 - 2026) Analysis & Trends

Illumina has reported Cost of Revenue for 18 years, with the latest figure at $370.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 3.35% year-over-year to $370.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.5 billion (up 1.71% YoY), and the FY2025 full-year result was $1.5 billion, down 2.51% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $370.0 million, down from $400.0 million in the prior quarter.
  • The five-year high for Cost of Revenue was $622.0 million in Q1 2023, with the low at $335.0 million in Q3 2024.
  • Historically, Cost of Revenue has averaged $408.0 million across 5 years, with a median of $398.0 million in 2022.
  • Annual changes were most pronounced in 2022 — Cost of Revenue advanced 24.01% — and 2023, when it decreased 27.97%.
  • Illumina's Cost of Revenue 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 declined by 7.5% to $370.0 million in 2026.
  • The last three Cost of Revenue figures came in at $370.0 million (Q1 2026), $400.0 million (Q4 2025), and $351.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Waters 30,010.71 Bn 30,010.25 Bn 1.11 Bn 155.00 Mn
2 Thermo Fisher Scientific 179.46 Bn 176.21 Bn 7.74 Bn 3.26 Bn
3 Danaher 130.33 Bn 124.64 Bn 3.59 Bn 2.36 Bn
4 Idexx Laboratories 44.44 Bn 44.24 Bn 722.74 Mn 175.25 Mn
5 Agilent Technologies 37.27 Bn 35.46 Bn 990.00 Mn 845.00 Mn
6 Iqvia Holdings 30.70 Bn 28.73 Bn 1.36 Bn 2.80 Bn
7 Natera 30.59 Bn 29.49 Bn 696.04 Mn 608,000.00
8 Illumina 24.86 Bn 23.71 Bn 721.00 Mn 370.00 Mn
9 Mettler Toledo International 23.06 Bn 23.00 Bn 555.82 Mn 118.74 Mn
10 Quest Diagnostics 22.46 Bn 22.36 Bn 942.00 Mn 1.95 Bn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 448.00 Mn
Dec 31, 2023 448.00 Mn