Illumina (ILMN) Operating Expenses (2009 - 2026)
Illumina (ILMN) reported Operating Expenses of $512.0 million for Q1 2026, down 1.35% on a YoY basis from $519.0 million in Q1 2025, and down 8.24% quarter-over-quarter from $558.0 million in Q4 2025.
Illumina (ILMN) Operating Expenses (2009 - 2026) Analysis & Trends
Illumina has reported Operating Expenses for 18 years, with the latest figure at $512.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 1.35% year-over-year to $512.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.1 billion (down 40.1% YoY), and the FY2025 full-year result was $2.1 billion, down 44.15% from the prior year.
- Operating Expenses for Q1 2026 stood at $512.0 million, down from $558.0 million in the prior quarter.
- The five-year high for Operating Expenses was $4.6 billion in Q1 2023, with the low at $4.0 million in Q3 2024.
- Historically, Operating Expenses has averaged $1.2 billion across 5 years, with a median of $719.0 million in 2023.
- Annual changes were most pronounced in 2024 — Operating Expenses slumped 99.72% — and 2025, when it jumped 12550.0%.
- Illumina's Operating Expenses stood at $4.4 billion in 2022, then sank by 80.84% to $838.0 million in 2023, then tumbled by 34.01% to $553.0 million in 2024, then increased by 0.9% to $558.0 million in 2025, then retreated by 8.24% to $512.0 million in 2026.
- The last three Operating Expenses figures came in at $512.0 million (Q1 2026), $558.0 million (Q4 2025), and $506.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 1.31 Bn |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 9.14 Bn |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 2.25 Bn |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 360.15 Mn |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 1.44 Bn |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 553.00 Mn |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 790.16 Mn |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 512.00 Mn |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 316.87 Mn |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 2.50 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 512.00 Mn |
| Dec 28, 2025 | 558.00 Mn |
| Sep 28, 2025 | 506.00 Mn |
| Jun 29, 2025 | 481.00 Mn |
| Mar 30, 2025 | 519.00 Mn |
| Dec 29, 2024 | 553.00 Mn |
| Sep 29, 2024 | 4.00 Mn |
| Jun 30, 2024 | 2.36 Bn |
| Mar 31, 2024 | 778.00 Mn |
| Dec 31, 2023 | 838.00 Mn |
| Oct 1, 2023 | 1.44 Bn |
| Jul 2, 2023 | 820.00 Mn |
| Apr 2, 2023 | 719.00 Mn |
| Jan 1, 2023 | 4.65 Bn |
| Oct 2, 2022 | 4.37 Bn |
| Jul 3, 2022 | 1.35 Bn |
| Apr 3, 2022 | 631.00 Mn |
| Oct 3, 2021 | 1.32 Bn |
| Jul 4, 2021 | 615.00 Mn |
| Apr 4, 2021 | 571.00 Mn |