Illumina (ILMN) Research & Development (2009 - 2026)
Illumina (ILMN) posted Research & Development of $252 million for Q2 2026, up 2.0% from $247 million a year earlier and up 5.0% from the prior quarter.
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Analysis
Illumina (ILMN) Research & Development (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 28, 2026, Research & Development at Illumina was $960 million, down 4.8% year-over-year; for FY2025, it was $967 million, down 17.3% from FY2024.
- Annual Research & Development shows a four-year compound annual growth rate of 9.1% (FY2021 to FY2025).
- In prior years, Illumina's Research & Development was $1.17 billion in FY2024 (-13.7%), $1.35 billion in FY2023 (+2.5%), $1.32 billion in FY2022 and $682 million in FY2021.
- Quarterly Research & Development has run from a low of $229 million in Q3 2025 to a high of $486 million in Q4 2022 over five years.
- On a year-over-year basis, Research & Development increased in 1 of the last eight quarters, with an average decline of 14.1%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q2 2026, with growth of 2.0%; the weakest was Q4 2023, with a decline of 29.8%.
- According to Business Quant data, Research & Development for the three prior quarters was $240 million (Q1 2026), $239 million (Q4 2025) and $229 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 258.00 Mn |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 278.90 Mn |
| 10 | Illumina | 42.00 Bn | 36.77 Bn | 770.00 Mn | 252.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 252.00 Mn |
| Mar 29, 2026 | 240.00 Mn |
| Dec 28, 2025 | 239.00 Mn |
| Sep 28, 2025 | 229.00 Mn |
| Jun 29, 2025 | 247.00 Mn |
| Mar 30, 2025 | 252.00 Mn |
| Dec 29, 2024 | 256.00 Mn |
| Sep 29, 2024 | 253.00 Mn |
| Jun 30, 2024 | 325.00 Mn |
| Mar 31, 2024 | 339.00 Mn |
| Dec 31, 2023 | 341.00 Mn |
| Oct 1, 2023 | 315.00 Mn |
| Jul 2, 2023 | 358.00 Mn |
| Apr 2, 2023 | 341.00 Mn |
| Jan 1, 2023 | 486.00 Mn |
| Oct 2, 2022 | 325.00 Mn |
| Jul 3, 2022 | 327.00 Mn |
| Apr 3, 2022 | 323.00 Mn |
| Oct 3, 2021 | 436.00 Mn |
| Jul 4, 2021 | 202.00 Mn |
API Access
Illumina Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ILMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ILMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ILMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();