Illumina ILMN
NASDAQ ILMN
$245.18 +16.25 (+7.10%)
At close: Sep 17, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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