Illumina (ILMN) Net Margin (2009 - 2026)
Illumina (ILMN) reported Net Margin of 12.28% for Q1 2026, down 30.0% on a YoY basis from 17.55% in Q1 2025, and down 57.38% quarter-over-quarter from 28.82% in Q4 2025.
Illumina (ILMN) Net Margin (2009 - 2026) Analysis & Trends
Illumina has reported Net Margin for 18 years, with the latest figure at 12.28% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 30.0% year-over-year to 12.28%; the trailing twelve-month figure through Mar 2026 stood at 19.42% (up 4167.0% YoY), and the FY2025 full-year result was 19.57%, up 4755.0% from the prior year.
- Net Margin for Q1 2026 stood at 12.28%, down from 28.82% in the prior quarter.
- The five-year high for Net Margin was 65.28% in Q3 2024, with the low at 402.07% in Q1 2023.
- Historically, Net Margin has averaged 53.2% across 5 years, with a median of 0.28% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin plunged 37085 bps — and 2023, when it jumped 38647 bps.
- Illumina's Net Margin 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 sank by 57 bps to 12.28% in 2026.
- The last three Net Margin figures came in at 12.28% (Q1 2026), 28.82% (Q4 2025), and 13.84% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | -5.68% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 15.06% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 17.29% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 24.41% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 18.47% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 3.40% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -12.22% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 12.28% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 17.89% |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | -1.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 4, 2021 | 13.45% |