Illumina (ILMN) Operating Expenses (2009 - 2026)
Illumina's (ILMN) quarterly Operating Expenses came in at $525.0 million in Q2 2026, up 9.15% on a YoY basis from $481.0 million in Q2 2025, and up 2.54% quarter-over-quarter from $512.0 million in Q1 2026.
Analysis
Illumina (ILMN) Operating Expenses (2009 - 2026) Analysis & Trends
Illumina (ILMN) has reported Operating Expenses for 18 consecutive years, with $525.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 9.15% year-over-year to $525.0 million; the trailing twelve-month figure through Jun 2026 stood at $2.1 billion (up 34.94% YoY), and the FY2025 full-year result was $2.1 billion, down 44.15% from the prior year.
- Operating Expenses grew to $525.0 million in Q2 2026 per ILMN's latest filing, from $512.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $4.6 billion in Q1 2023 and bottomed at $4.0 million in Q3 2024.
- Historically, Operating Expenses has averaged $1.2 billion across 5 years, with a median of $675.0 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 99.72% in 2024, then surged 12550.0% in 2025.
- Over 5 years, Operating Expenses stood at $4.4 billion in 2022, then tumbled by 80.84% to $838.0 million in 2023, then sank by 34.01% to $553.0 million in 2024, then gained by 0.9% to $558.0 million in 2025, then slipped by 5.91% to $525.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $525.0 million, $512.0 million, and $558.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 9.91 Bn |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 2.48 Bn |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 1.43 Bn |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 525.00 Mn |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 327.55 Mn |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 137.12 Mn |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 273.20 Mn |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 190.15 Mn |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | 132.05 Mn |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | 481.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 525.00 Mn |
| 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 |