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| 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 |