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

Illumina (ILMN) reported Research & Development of $240.0 million for Q1 2026, down 4.76% on a YoY basis from $252.0 million in Q1 2025, and little changed quarter-over-quarter from $239.0 million in Q4 2025.

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

Illumina has reported Research & Development for 18 years, with the latest figure at $240.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development fell 4.76% year-over-year to $240.0 million; the trailing twelve-month figure through Mar 2026 stood at $955.0 million (down 12.06% YoY), and the FY2025 full-year result was $967.0 million, down 17.28% from the prior year.
  • Research & Development for Q1 2026 stood at $240.0 million, roughly flat from $239.0 million in the prior quarter.
  • The five-year high for Research & Development was $486.0 million in Q1 2023, with the low at $229.0 million in Q3 2025.
  • Historically, Research & Development has averaged $305.6 million across 5 years, with a median of $323.0 million in 2022.
  • Annual changes were most pronounced in 2022 — Research & Development surged 63.96% — and 2023, when it fell 29.84%.
  • Illumina's Research & Development 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 advanced by 0.42% to $240.0 million in 2026.
  • The last three Research & Development figures came in at $240.0 million (Q1 2026), $239.0 million (Q4 2025), and $229.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 96.00 Mn
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 336.00 Mn
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 387.00 Mn
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 65.79 Mn
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 126.00 Mn
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn -
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 210.70 Mn
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 240.00 Mn
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 51.28 Mn
10 Quest Diagnostics 21.68 Bn 21.59 Bn 942.00 Mn -

Historic Data

Download Data
DateValue
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
Apr 4, 2021 197.00 Mn