Illumina (ILMN) Net Margin (2009 - 2026)
Illumina (ILMN) posted quarterly Net Margin of 17.86% for Q2 2026, down 433.0% year-over-year from 5.36% in Q2 2025, and up 45.41% on a QoQ basis from 12.28% in Q1 2026.
Illumina (ILMN) Net Margin (2009 - 2026) Analysis & Trends
Illumina has reported Net Margin for 18 years, with the latest figure at 17.86% in Q2 2026.
- Net Margin for Q2 2026 came in at 17.86%, down 433.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 18.36% (down 1100.0% YoY), and the FY2025 annual result was 19.57%, up 4755.0% from the prior year.
- Net Margin improved to 17.86% in Q2 2026, from 12.28% in the prior quarter.
- Over five years, Net Margin peaked at 65.28% in Q3 2024 and troughed at 402.07% in Q1 2023.
- A 5-year average of 49.26% and a median of 3.65% in 2022 frame the typical range for Net Margin.
- The widest annual swing landed in 2022, when Net Margin tumbled 37085 bps; it then jumped 38647 bps in 2023.
- A 5-year view of Net Margin shows it stood at 342.24% in 2022, then soared by 95 bps to 15.6% in 2023, then surged by 209 bps to 16.94% in 2024, then soared by 70 bps to 28.82% in 2025, then slumped by 38 bps to 17.86% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 17.86% in Q2 2026, 12.28% in Q1 2026, and 28.82% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.96 Bn | 209.90 Bn | 8.34 Bn | 14.65% |
| 2 | Danaher | 140.29 Bn | 135.94 Bn | 3.61 Bn | 13.89% |
| 3 | Idexx Laboratories | 46.08 Bn | 45.88 Bn | 779.09 Mn | 27.82% |
| 4 | Agilent Technologies | 39.78 Bn | 37.97 Bn | 990.00 Mn | 18.47% |
| 5 | Iqvia Holdings | 39.43 Bn | 37.35 Bn | 1.44 Bn | 5.52% |
| 6 | Natera | 38.72 Bn | 37.62 Bn | 696.04 Mn | -12.22% |
| 7 | Illumina | 30.05 Bn | 28.88 Bn | 770.00 Mn | 17.86% |
| 8 | Mettler Toledo International | 28.63 Bn | 28.58 Bn | 650.22 Mn | 22.67% |
| 9 | Quest Diagnostics | 26.17 Bn | 25.54 Bn | 1.03 Bn | 10.65% |
| 10 | Labcorp Holdings | 25.89 Bn | 24.91 Bn | 1.01 Bn | 7.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 17.86% |
| Mar 29, 2026 | 12.28% |
| Dec 28, 2025 | 28.82% |
| Sep 28, 2025 | 13.84% |
| Jun 29, 2025 | 22.19% |
| Mar 30, 2025 | 12.58% |
| Dec 29, 2024 | 16.94% |
| Sep 29, 2024 | 65.28% |
| Jun 30, 2024 | -178.78% |
| Mar 31, 2024 | -11.71% |
| Dec 31, 2023 | -15.60% |
| Oct 1, 2023 | -67.38% |
| Jul 2, 2023 | -19.90% |
| Apr 2, 2023 | 0.28% |
| Jan 1, 2023 | -402.07% |
| Oct 2, 2022 | -342.24% |
| Jul 3, 2022 | -46.04% |
| Apr 3, 2022 | 7.03% |
| Oct 3, 2021 | 28.61% |
| Jul 4, 2021 | 16.43% |