Illumina (ILMN) Gross Margin (2009 - 2026)
Illumina's Gross Margin came in at 66.44% for Q2 2026, up 0.81 percentage points from 65.63% a year earlier and up 0.35 percentage points from the prior quarter.
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Analysis
Illumina (ILMN) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 28, 2026, Illumina reported Gross Margin of 66.39%, down 0.16 percentage points year-over-year; for FY2025, it was 66.08%, up 0.64 percentage points from FY2024.
- Gross Margin carries a four-year change of -1.93 percentage points (FY2021 to FY2025).
- Going back by year, Gross Margin was 65.44% in FY2024 (+4.52 pp), 60.92% in FY2023 (-3.91 pp), 64.83% in FY2022 and 68.01% in FY2021.
- The five-year range for quarterly Gross Margin is 50.52% (Q4 2022) to 68.98% (Q3 2024).
- Year-over-year, Gross Margin increased in six of the last eight quarters, with an average year-over-year change of +2.20 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2023 (a gain of 9.55 percentage points), and the weakest in Q3 2025 (a drop of 1.36 percentage points).
- Business Quant data shows ILMN's Gross Margin at 66.09% (Q1 2026), 65.49% (Q4 2025) and 67.62% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 70.71% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 46.46% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 77.46% |
| 10 | Illumina | 42.00 Bn | 36.77 Bn | 770.00 Mn | 66.44% |
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% |
API Access
Illumina Gross Margin 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=gross-margin&ticker=ILMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=ILMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();