Illumina (ILMN) Cost of Revenue (2009 - 2026)
Illumina (ILMN) posted Cost of Revenue of $389 million for Q2 2026, up 6.9% from $364 million a year earlier and up 5.1% from the prior quarter.
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Analysis
Illumina (ILMN) Cost of Revenue (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 28, 2026, Cost of Revenue at Illumina was $1.51 billion, up 5.4% year-over-year; for FY2025, it came in at $1.47 billion, down 2.5% from FY2024.
- Annual Cost of Revenue shows a four-year compound annual growth rate of 9.2% (FY2021 to FY2025).
- In prior years, Illumina's Cost of Revenue was $1.51 billion in FY2024 (-14.1%), $1.76 billion in FY2023 (+9.2%), $1.61 billion in FY2022 and $1.04 billion in FY2021.
- Quarterly Cost of Revenue has run from a low of $335 million in Q3 2024 to a high of $622 million in Q4 2022 over five years.
- On a year-over-year basis, Cost of Revenue has increased in each of the last four quarters, with an average decline of 4.6% over the last eight quarters.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q2 2026, with growth of 6.9%; the weakest was Q4 2023, with a decline of 28.0%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $370 million (Q1 2026), $400 million (Q4 2025) and $351 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 7.11 Bn |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 5.33 Bn |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 2.65 Bn |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 931.90 Mn |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 3.42 Bn |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 2.09 Bn |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 1.59 Bn |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 2.67 Bn |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 392.40 Mn |
| 10 | Illumina | 42.00 Bn | 36.77 Bn | 770.00 Mn | 389.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 389.00 Mn |
| Mar 29, 2026 | 370.00 Mn |
| Dec 28, 2025 | 400.00 Mn |
| Sep 28, 2025 | 351.00 Mn |
| Jun 29, 2025 | 364.00 Mn |
| Mar 30, 2025 | 358.00 Mn |
| Dec 29, 2024 | 376.00 Mn |
| Sep 29, 2024 | 335.00 Mn |
| Jun 30, 2024 | 391.00 Mn |
| Mar 31, 2024 | 409.00 Mn |
| Dec 31, 2023 | 448.00 Mn |
| Oct 1, 2023 | 435.00 Mn |
| Jul 2, 2023 | 444.00 Mn |
| Apr 2, 2023 | 432.00 Mn |
| Jan 1, 2023 | 622.00 Mn |
| Oct 2, 2022 | 398.00 Mn |
| Jul 3, 2022 | 395.00 Mn |
| Apr 3, 2022 | 408.00 Mn |
| Oct 3, 2021 | 338.00 Mn |
| Jul 4, 2021 | 324.00 Mn |
API Access
Illumina Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ILMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ILMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ILMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();