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| Date | Value |
|---|---|
| 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 |