Illumina (ILMN) Free Cash Flow (2009 - 2026)
Illumina's Free Cash Flow came in at $161 million for Q2 2026, down 21.1% from $204 million a year earlier and down 35.9% from the prior quarter.
Illumina (ILMN) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 28, 2026, Illumina reported Free Cash Flow of $931 million, down 9.7% year-over-year; for FY2025, it came in at $931 million, up 31.3% from FY2024.
- Free Cash Flow has increased in each of the last three years, with a four-year compound annual growth rate of 1.1% (FY2021 to FY2025).
- Going back by year, Free Cash Flow was $709 million in FY2024 (+150.5%), $283 million in FY2023 (+167.0%), $106 million in FY2022 and $891 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Free Cash Flow since Q2 2024.
- Year-over-year, Free Cash Flow increased in five of the last eight quarters, with growth averaging 123.4%.
- The fastest year-over-year change in Free Cash Flow over five years came in Q1 2025 (growth of 407.3%), and the weakest in Q2 2026 (a decline of 21.1%).
- Business Quant data shows ILMN's Free Cash Flow at $251 million (Q1 2026), $266 million (Q4 2025) and $253 million (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 1.68 Bn |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 1.99 Bn |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 1.27 Bn |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 948.40 Mn |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 1.29 Bn |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 1.06 Bn |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 1.28 Bn |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 633.00 Mn |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 585.00 Mn |
| 10 | Illumina | 42.00 Bn | 36.77 Bn | 770.00 Mn | 161.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 161.00 Mn |
| Mar 29, 2026 | 251.00 Mn |
| Dec 28, 2025 | 266.00 Mn |
| Sep 28, 2025 | 253.00 Mn |
| Jun 29, 2025 | 204.00 Mn |
| Mar 30, 2025 | 208.00 Mn |
| Dec 29, 2024 | 335.00 Mn |
| Sep 29, 2024 | 284.00 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Mar 31, 2024 | 41.00 Mn |
| Dec 31, 2023 | 173.00 Mn |
| Oct 1, 2023 | 94.00 Mn |
| Jul 2, 2023 | 58.00 Mn |
| Apr 2, 2023 | -42.00 Mn |
| Jan 1, 2023 | -19.00 Mn |
| Apr 3, 2022 | 111.00 Mn |
| Oct 3, 2021 | -324.00 Mn |
| Jul 4, 2021 | 209.00 Mn |
| Apr 4, 2021 | 240.00 Mn |
| Jan 3, 2021 | 344.00 Mn |
Illumina Free Cash Flow 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=free-cash-flow&ticker=ILMN&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=ILMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();