Illumina (ILMN) Gross Margin (2009 - 2026)
Illumina (ILMN) posted quarterly Gross Margin of 66.44% for Q2 2026, up 81.0% year-over-year from 36.71% in Q2 2025, and up 0.53% on a QoQ basis from 66.09% in Q1 2026.
Illumina (ILMN) Gross Margin (2009 - 2026) Analysis & Trends
Illumina has reported Gross Margin for 18 years, with the latest figure at 66.44% in Q2 2026.
- Gross Margin for Q2 2026 came in at 66.44%, up 81.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 66.39% (down 16.0% YoY), and the FY2025 annual result was 66.08%, up 64.0% from the prior year.
- Gross Margin climbed to 66.44% in Q2 2026, from 66.09% in the prior quarter.
- Over five years, Gross Margin peaked at 68.98% in Q3 2024 and troughed at 50.52% in Q1 2023.
- A 5-year average of 63.88% and a median of 65.55% in 2025 frame the typical range for Gross Margin.
- The largest YoY upside for Gross Margin was 955 bps in 2023 against a maximum downside of 638 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 64.3% in 2022, then slipped by 7 bps to 60.07% in 2023, then grew by 10 bps to 65.94% in 2024, then retreated by 1 bps to 65.49% in 2025, then increased by 1 bps to 66.44% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 66.44% in Q2 2026, 66.09% in Q1 2026, and 65.49% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 212.96 Bn | 208.90 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 139.30 Bn | 134.95 Bn | 3.61 Bn | 57.64% |
| 3 | Idexx Laboratories | 46.15 Bn | 45.95 Bn | 779.09 Mn | 64.04% |
| 4 | Agilent Technologies | 39.40 Bn | 37.59 Bn | 990.00 Mn | 53.95% |
| 5 | Iqvia Holdings | 38.20 Bn | 36.12 Bn | 1.44 Bn | 32.85% |
| 6 | Natera | 37.79 Bn | 36.69 Bn | 696.04 Mn | 99.91% |
| 7 | Illumina | 28.65 Bn | 27.49 Bn | 770.00 Mn | 66.44% |
| 8 | Mettler Toledo International | 28.40 Bn | 28.35 Bn | 650.22 Mn | 63.29% |
| 9 | Quest Diagnostics | 26.32 Bn | 25.69 Bn | 1.03 Bn | 33.75% |
| 10 | Labcorp Holdings | 25.86 Bn | 24.88 Bn | 1.01 Bn | 28.66% |
Historic Data
Download 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% |