Illumina (ILMN) Operating Expenses (2009 - 2026)
Illumina (ILMN) posted quarterly Operating Expenses of $525.0 million for Q2 2026, up 9.15% year-over-year from $481.0 million in Q2 2025, and up 2.54% on a QoQ basis from $512.0 million in Q1 2026.
Illumina (ILMN) Operating Expenses (2009 - 2026) Analysis & Trends
Illumina has reported Operating Expenses for 18 years, with the latest figure at $525.0 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $525.0 million, up 9.15% year-over-year; the trailing twelve-month figure through Jun 2026 was $2.1 billion (up 34.94% YoY), and the FY2025 annual result was $2.1 billion, down 44.15% from the prior year.
- Operating Expenses grew to $525.0 million in Q2 2026, from $512.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $4.6 billion in Q1 2023 and troughed at $4.0 million in Q3 2024.
- A 5-year average of $1.2 billion and a median of $675.0 million in 2022 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2024, when Operating Expenses sank 99.72%; it then jumped 12550.0% in 2025.
- A 5-year view of Operating Expenses shows it 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 increased by 0.9% to $558.0 million in 2025, then retreated by 5.91% to $525.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $525.0 million in Q2 2026, $512.0 million in Q1 2026, and $558.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.86 Bn | 209.80 Bn | 8.34 Bn | 9.91 Bn |
| 2 | Danaher | 140.41 Bn | 136.07 Bn | 3.61 Bn | 2.48 Bn |
| 3 | Idexx Laboratories | 46.33 Bn | 46.13 Bn | 779.09 Mn | 353.52 Mn |
| 4 | Agilent Technologies | 39.71 Bn | 37.90 Bn | 990.00 Mn | 1.44 Bn |
| 5 | Iqvia Holdings | 39.35 Bn | 37.27 Bn | 1.44 Bn | 637.00 Mn |
| 6 | Natera | 38.97 Bn | 37.87 Bn | 696.04 Mn | 790.16 Mn |
| 7 | Illumina | 30.09 Bn | 28.92 Bn | 770.00 Mn | 525.00 Mn |
| 8 | Mettler Toledo International | 28.70 Bn | 28.65 Bn | 650.22 Mn | 321.77 Mn |
| 9 | Quest Diagnostics | 26.19 Bn | 25.56 Bn | 1.03 Bn | 2.58 Bn |
| 10 | Labcorp Holdings | 25.89 Bn | 24.91 Bn | 1.01 Bn | 557.40 Mn |
Historic Data
Download 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 |