Illumina (ILMN) Operating Expenses (2009 - 2026)

Illumina (ILMN) posted Operating Expenses of $512.0 million for Q1 2026, down 8.24% quarter-over-quarter from $558.0 million in Q4 2025, and down 1.35% year-on-year from $519.0 million in Q1 2025.

Illumina (ILMN) Operating Expenses (2009 - 2026) Analysis & Trends

Illumina (ILMN) has reported Operating Expenses for 18 consecutive years, with $512.0 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $512.0 million, down 1.35% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.1 billion (down 40.1% YoY), and the FY2025 annual result was $2.1 billion, down 44.15% from the prior year.
  • Operating Expenses was $512.0 million for Q1 2026 at Illumina, down from $558.0 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.
  • Average Operating Expenses over 5 years is $1.2 billion, with a median of $719.0 million recorded in 2023.
  • Year-over-year, Operating Expenses plunged 99.72% in 2024 and soared 12550.0% in 2025.
  • Over 5 years, Operating Expenses stood at $4.4 billion in 2022, then plunged by 80.84% to $838.0 million in 2023, then slumped by 34.01% to $553.0 million in 2024, then advanced by 0.9% to $558.0 million in 2025, then dropped by 8.24% to $512.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $512.0 million in Q1 2026, $558.0 million in Q4 2025, and $506.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 1.31 Bn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 9.14 Bn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 2.25 Bn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 360.15 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 790.16 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 1.44 Bn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 553.00 Mn
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 512.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 316.87 Mn
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 2.50 Bn

Historic Data

Download Data
DateValue
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