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Illumina, Inc. (ILMN)

235.99 -54.07 (-18.64%)
At close: October 30 at 4:00:01 PM EDT
238.86 +2.87 (+1.22%)
After hours: October 30 at 5:29:41 PM EDT
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51m ago
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Illumina’s Q3 2026 results showed stronger profitability and raised full-year guidance, but revenue fell short of expectations. Investors also reacted to potential China-related restrictions and concerns that growth may not justify the company’s valuation.

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  • Previous Close 290.06
  • Open 253.84
  • Bid 225.61 x 100
  • Ask 250.48 x 100
  • Day's Range 231.18 - 256.06
  • 52 Week Range 112.65 - 309.35
  • Volume 5,387,505
  • Avg. Volume 2,800,117
  • Market Cap (intraday) 35.682B
  • Beta (5Y Monthly) 1.42
  • PE Ratio (TTM) 40.62
  • EPS (TTM) 5.81
  • Earnings Date Oct 29, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 261.60
  • Morningstar Rating
    Rating available with Stock Picks access

Illumina, Inc. provides sequencing- and array-based solutions for genetic and genomic analysis in the Americas, Europe, Greater China, the Asia Pacific, the Middle East, and Africa. The company offers sequencing- and array-based instruments and consumables, which include reagents, flow cells, and library preparation; whole-genome sequencing kits, which sequence entire genomes of various size and complexity; and targeted resequencing kits, which sequence exomes, specific genes, and RNA or other genomic regions of interest. It also provides whole-genome sequencing, genotyping, noninvasive prenatal testing, and product support services. The company serves genomic research centers, academic institutions, government laboratories, and hospitals, as well as pharmaceutical, biotechnology, commercial molecular diagnostic laboratories, and consumer genomics companies. The company markets and distributes its products directly to customers, as well as through life-science distributors. The company has a collaboration with Labcorp Holdings Inc. for the development of oncology treatments through applications of sequencing solutions across the healthcare ecosystem; and strategic collaboration with Integrated DNA Technologies to enable a DRAGEN, secondary analysis pipeline for IDT xGena, FFPE and cfDNA next generation sequencing (NGS) library preparation with custom panels, delivering an integrated, end-to-end solution for somatic oncology research. It also has a data partnership with Center for Data-Driven Discovery in Biomedicine to advance research in pediatric cancer and rare disease. Illumina, Inc. was incorporated in 1998 and is headquartered in San Diego, California.

www.illumina.com

8,600

Full Time Employees

December 28

Fiscal Year Ends

Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

ILMN
79.93%
S&P 500 (^GSPC)
10.73%

1-Year Return

ILMN
138.35%
S&P 500 (^GSPC)
11.11%

3-Year Return

ILMN
124.90%
S&P 500 (^GSPC)
81.91%

5-Year Return

ILMN
41.55%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 1.17B
Earnings 220M
Profit Margin 18.87%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
200M
400M
600M
800M
1B
15.0%
20.0%
25.0%
 

Analyst Insights

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Top Analyst

Evercore ISI Group
63/100
Latest Rating
Outperform
 

Analyst Price Targets

165.00 Low
261.60 Average
235.99 Current
365.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 10/30/2026
Analyst JP Morgan
Rating Action Maintains
Rating Overweight
Price Action Lowers
Price Target 320 -> 300
 

Statistics

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Valuation Measures

Annual
As of 10/30/2026
  • Market Cap

    35.63B

  • Enterprise Value

    36.53B

  • Trailing P/E

    40.62

  • Forward P/E

    38.43

  • PEG Ratio (current)

    76.54

  • Price/Sales (ttm)

    7.99

  • Price/Book (mrq)

    11.33

  • Enterprise Value/Revenue

    8.05

  • Enterprise Value/EBITDA

    32.41

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    19.72%

  • Return on Assets (ttm)

    8.32%

  • Return on Equity (ttm)

    32.39%

  • Revenue (ttm)

    4.54B

  • Net Income Avi to Common (ttm)

    895M

  • Diluted EPS (ttm)

    5.81

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.34B

  • Total Debt/Equity (mrq)

    73.54%

  • Levered Free Cash Flow (ttm)

    859M

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Company Insights

Fair Value

235.99 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Illumina Earnings: Market Disappointed That Growth Has Not Accelerated Further

    Illumina provides tools and services to analyze genetic material with life science and clinical lab applications. The company generates over 90% of its revenue from sequencing instruments, consumables, and services. Illumina’s high-throughput technology enables whole genome sequencing in humans and other large organisms. Its lower throughput tools enable applications that require smaller data outputs, such as viral and cancer tumor screening. Illumina also sells microarrays that enable lower-cost, focused genetic screening with primarily consumer and agricultural applications.

     
  • Illumina Earnings: Market Disappointed That Growth Has Not Accelerated Further

    Illumina provides tools and services to analyze genetic material with life science and clinical lab applications. The company generates over 90% of its revenue from sequencing instruments, consumables, and services. Illumina’s high-throughput technology enables whole genome sequencing in humans and other large organisms. Its lower throughput tools enable applications that require smaller data outputs, such as viral and cancer tumor screening. Illumina also sells microarrays that enable lower-cost, focused genetic screening with primarily consumer and agricultural applications.

     
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    Yesterday in this space, we featured some well-known quotes from technical thought leaders. Today, we complete our lookback for turbulent times with more meaningful advice, complied by Argus' CMT Mark Arbeter.

     
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