Illumina (ILMN) Research & Development (2009 - 2026)

Illumina (ILMN) posted quarterly Research & Development of $252.0 million for Q2 2026, up 2.02% year-over-year from $247.0 million in Q2 2025, and up 5.0% on a QoQ basis from $240.0 million in Q1 2026.

Illumina (ILMN) Research & Development (2009 - 2026) Analysis & Trends

Illumina has reported Research & Development for 18 years, with the latest figure at $252.0 million in Q2 2026.

  • Research & Development for Q2 2026 came in at $252.0 million, up 2.02% year-over-year; the trailing twelve-month figure through Jun 2026 was $960.0 million (down 4.76% YoY), and the FY2025 annual result was $967.0 million, down 17.28% from the prior year.
  • Research & Development advanced to $252.0 million in Q2 2026, from $240.0 million in the prior quarter.
  • Over five years, Research & Development peaked at $486.0 million in Q1 2023 and troughed at $229.0 million in Q3 2025.
  • A 5-year average of $302.7 million and a median of $319.0 million in 2022 frame the typical range for Research & Development.
  • The widest annual swing landed in 2022, when Research & Development surged 63.96%; it then slipped 29.84% in 2023.
  • A 5-year view of Research & Development shows it stood at $325.0 million in 2022, then rose by 4.92% to $341.0 million in 2023, then retreated by 24.93% to $256.0 million in 2024, then fell by 6.64% to $239.0 million in 2025, then gained by 5.44% to $252.0 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $252.0 million in Q2 2026, $240.0 million in Q1 2026, and $239.0 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Thermo Fisher Scientific 213.86 Bn 209.80 Bn 8.34 Bn 364.00 Mn
2 Danaher 140.41 Bn 136.07 Bn 3.61 Bn 412.00 Mn
3 Idexx Laboratories 46.33 Bn 46.13 Bn 779.09 Mn 171.28 Mn
4 Agilent Technologies 39.71 Bn 37.90 Bn 990.00 Mn 126.00 Mn
5 Iqvia Holdings 39.35 Bn 37.27 Bn 1.44 Bn -
6 Natera 38.97 Bn 37.87 Bn 696.04 Mn 210.70 Mn
7 Illumina 30.09 Bn 28.92 Bn 770.00 Mn 252.00 Mn
8 Mettler Toledo International 28.70 Bn 28.65 Bn 650.22 Mn 52.99 Mn
9 Quest Diagnostics 26.19 Bn 25.56 Bn 1.03 Bn -
10 Labcorp Holdings 25.89 Bn 24.91 Bn 1.01 Bn -

Historic Data

Download Data
DateValue
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