Illumina (ILMN) Gross Margin (2009 - 2026)
Illumina's (ILMN) quarterly Gross Margin came in at 66.44% in Q2 2026, up 81.0% on a YoY basis from 36.71% in Q2 2025, and up 0.53% quarter-over-quarter from 66.09% in Q1 2026.
Analysis
Illumina (ILMN) Gross Margin (2009 - 2026) Analysis & Trends
Illumina (ILMN) has reported Gross Margin for 18 consecutive years, with 66.44% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 81.0% year-over-year to 66.44%; the trailing twelve-month figure through Jun 2026 stood at 66.39% (down 16.0% YoY), and the FY2025 full-year result was 66.08%, up 64.0% from the prior year.
- Gross Margin climbed to 66.44% in Q2 2026 per ILMN's latest filing, from 66.09% in the prior quarter.
- Across five years, Gross Margin topped out at 68.98% in Q3 2024 and bottomed at 50.52% in Q1 2023.
- Historically, Gross Margin has averaged 63.88% across 5 years, with a median of 65.55% in 2025.
- The widest YoY moves for Gross Margin: up 955 bps in 2023, down 638 bps in 2023.
- Over 5 years, Gross Margin stood at 64.3% in 2022, then declined by 7 bps to 60.07% in 2023, then rose by 10 bps to 65.94% in 2024, then slipped by 1 bps to 65.49% in 2025, then gained by 1 bps to 66.44% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 66.44%, 66.09%, and 65.49% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 57.64% |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 55.48% |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 66.44% |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 57.13% |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 65.82% |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 53.12% |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 53.91% |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | 74.48% |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | 49.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 66.44% |
| Mar 29, 2026 | 66.09% |
| Dec 28, 2025 | 65.49% |
| Sep 28, 2025 | 67.62% |
| Jun 29, 2025 | 65.63% |
| Mar 30, 2025 | 65.61% |
| Dec 29, 2024 | 65.94% |
| Sep 29, 2024 | 68.98% |
| Jun 30, 2024 | 64.84% |
| Mar 31, 2024 | 61.99% |
| Dec 31, 2023 | 60.07% |
| Oct 1, 2023 | 61.13% |
| Jul 2, 2023 | 62.24% |
| Apr 2, 2023 | 60.26% |
| Jan 1, 2023 | 50.52% |
| Oct 2, 2022 | 64.30% |
| Jul 3, 2022 | 66.01% |
| Apr 3, 2022 | 66.64% |
| Oct 3, 2021 | 69.49% |
| Jul 4, 2021 | 71.23% |