Illumina ILMN
NASDAQ ILMN
$245.18 +16.25 (+7.10%)
At close: Sep 17, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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%