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 213.86 Bn 209.80 Bn 8.34 Bn 3.65 Bn
2 Danaher 140.41 Bn 136.07 Bn 3.61 Bn 2.65 Bn
3 Idexx Laboratories 46.33 Bn 46.13 Bn 779.09 Mn 437.50 Mn
4 Agilent Technologies 39.71 Bn 37.90 Bn 990.00 Mn 845.00 Mn
5 Iqvia Holdings 39.35 Bn 37.27 Bn 1.44 Bn 2.93 Bn
6 Natera 38.97 Bn 37.87 Bn 696.04 Mn 608,000.00
7 Illumina 30.09 Bn 28.92 Bn 770.00 Mn 389.00 Mn
8 Mettler Toledo International 28.70 Bn 28.65 Bn 650.22 Mn 253.28 Mn
9 Quest Diagnostics 26.19 Bn 25.56 Bn 1.03 Bn 2.02 Bn
10 Labcorp Holdings 25.89 Bn 24.91 Bn 1.01 Bn 2.52 Bn

Historic Data

Download Data
DateValue
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