Illumina (ILMN) Cost of Revenue (2009 - 2026)
Illumina (ILMN) posted Cost of Revenue of $370.0 million for Q1 2026, down 7.5% quarter-over-quarter from $400.0 million in Q4 2025, and up 3.35% year-on-year from $358.0 million in Q1 2025.
Illumina (ILMN) Cost of Revenue (2009 - 2026) Analysis & Trends
Illumina (ILMN) has reported Cost of Revenue for 18 consecutive years, with $370.0 million the latest figure, recorded in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $370.0 million, up 3.35% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 1.71% YoY), and the FY2025 annual result was $1.5 billion, down 2.51% from the prior year.
- Cost of Revenue was $370.0 million for Q1 2026 at Illumina, down from $400.0 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.
- Average Cost of Revenue over 5 years is $408.0 million, with a median of $398.0 million recorded in 2022.
- Year-over-year, Cost of Revenue grew 24.01% in 2022 and dropped 27.97% in 2023.
- Over 5 years, Cost of Revenue stood at $398.0 million in 2022, then climbed by 12.56% to $448.0 million in 2023, then decreased by 16.07% to $376.0 million in 2024, then gained by 6.38% to $400.0 million in 2025, then decreased by 7.5% to $370.0 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $370.0 million in Q1 2026, $400.0 million in Q4 2025, and $351.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 155.00 Mn |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 3.26 Bn |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 2.36 Bn |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 175.25 Mn |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 608,000.00 |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 845.00 Mn |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 2.80 Bn |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 370.00 Mn |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 118.74 Mn |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 Bn | 942.00 Mn | 1.95 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |