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
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