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Illumina, Inc. (ILMN) perpetual futures

Illumina provides sequencing and array technologies for genetic and genomic analysis, serving research, clinical, pharmaceutical, and consumer genomics customers worldwide.

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Perpetual market activity

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24h volume
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D-0.33%
5D+2.13%
1M+8.85%
6M+92.09%
YTD+82.08%
1Y+135.31%

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Company data

Company fundamentals

Updated 1h ago
Market cap
$36.1B
Updated 1h ago
Revenue
$4.5B
Trailing 12 months
Revenue growth
+7%
Next fiscal year
Profit margin
+18.4%
P/E
44.1
Peer P/E 18.6
Free cash flow
$939M
Trailing 12 months
More metrics
Net income
$825M
Trailing 12 months
P/S
8.0
Peer P/E
18.6
Similar listed perps
Revenue estimate
$4.6B
Next fiscal year
Earnings
2026-10-29
Revenue est. $1.2B · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$4.3B
Net margin+19.6%
Free cash flow$931M
Net debt$1.1B
2020$3.2B
2021$4.5B
2022$4.6B
2023$4.5B
2024$4.4B
2025$4.3B
PeriodRevenueGrowthNet incomeFCF
2020$3.2B-9%$656M$891M
2021$4.5B+40%$762M$337M
2022$4.6B+1%-$4.4B$106M
2023$4.5B-2%-$1.2B$282M
2024$4.4B-3%-$1.2B$709M
2025$4.3B-1%$850M$931M
PeriodGross marginOperating marginNet marginROEROA
2020+68.0%+17.9%+20.3%+14.0%+8.6%
2021+69.7%-2.7%+16.8%+7.1%+5.0%
2022+64.8%-91.2%-96.1%-66.7%-35.9%
2023+60.9%-23.7%-25.8%-20.2%-11.5%
2024+65.4%-19.1%-28.0%-51.5%-19.4%
2025+66.7%+19.9%+19.6%+31.2%+12.8%
PeriodCashDebtNet debtCurrent ratio
2020$1.8B$1.9B$96M3.60
2021$1.2B$2.5B$1.3B2.48
2022$2B$3.6B$1.5B1.28
2023$1B$2.3B$1.2B1.66
2024$1.1B$2.6B$1.5B1.78
2025$1.4B$2.6B$1.1B2.08
PeriodMarket capEnterprise valueP/SP/E
2020$52.5B$52.6B16.280.1
2021$55.5B$56.8B12.372.9
2022$30.9B$32.4B6.7-7.0
2023$21.4B$22.6B4.7-18.4
2024$21.2B$22.7B4.9-17.4
2025$20.8B$22B4.824.5
Q3 2024$1.1B
Q4 2024$1.1B
Q1 2025$1B
Q2 2025$1.1B
Q3 2025$1.1B
Q4 2025$1.2B
Q1 2026$1.1B
Q2 2026$1.2B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$1.1B-3%$705M$284M
Q4 2024$1.1B-2%$187M$335M
Q1 2025$1B-3%$131M$201M
Q2 2025$1.1B-5%$235M$211M
Q3 2025$1.1B0%$150M$260M
Q4 2025$1.2B+5%$334M$267M
Q1 2026$1.1B+5%$134M$251M
Q2 2026$1.2B+10%$207M$161M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+69.0%+68.6%+65.3%+33.2%+11.7%
Q4 2024+65.9%+18.3%+16.9%+7.9%+3.0%
Q1 2025+65.8%+17.7%+12.6%+5.5%+2.1%
Q2 2025+67.8%+21.0%+22.2%+10.4%+3.9%
Q3 2025+67.6%+21.3%+13.9%+6.3%+2.4%
Q4 2025+67.1%+22.2%+28.8%+12.3%+5.0%
Q1 2026+66.1%+19.2%+12.3%+5.0%+2.0%
Q2 2026+66.4%+21.1%+17.9%+7.3%+3.1%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$869M$2.7B$1.8B2.43
Q4 2024$1.1B$2.6B$1.5B1.78
Q1 2025$1.1B$2.6B$1.5B1.86
Q2 2025$934M$2.6B$1.7B1.81
Q3 2025$1.1B$2.6B$1.5B1.43
Q4 2025$1.4B$2.6B$1.1B2.08
Q1 2026$1.1B$2.5B$1.5B1.75
Q2 2026$1B$2.5B$1.5B1.80
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$20.7B$22.5B19.27.4
Q4 2024$21.2B$22.7B19.228.3
Q1 2025$12.6B$14.1B12.124.2
Q2 2025$15B$16.6B14.215.9
Q3 2025$14.1B$15.6B13.023.4
Q4 2025$20.6B$21.7B17.715.4
Q1 2026$18.5B$19.9B16.934.3
Q2 2026$27.3B$28.8B23.633.0

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$1.2BQ2 2026
$290M$580M$870M$1.2BQ3 2023: $1.1BQ4 2023: $1.1BQ1 2024: $1.1BQ2 2024: $1.1BQ3 2024: $1.1BQ4 2024: $1.1BQ1 2025: $1BQ2 2025: $1.1BQ3 2025: $1.1BQ4 2025: $1.2BQ1 2026: $1.1BQ2 2026: $1.2BQ3 2023Q2 2026
Net income$207MQ2 2026
-$1.3B-$641.5M$31.8M$705MQ3 2023: -$754MQ4 2023: -$175MQ1 2024: -$126MQ2 2024: -$2BQ3 2024: $705MQ4 2024: $187MQ1 2025: $131MQ2 2025: $235MQ3 2025: $150MQ4 2025: $334MQ1 2026: $134MQ2 2026: $207MQ3 2023Q2 2026
EBITDA$330MQ2 2026
-$1.2B-$512.5M$156.8M$826MQ3 2023: -$655MQ4 2023: -$40MQ1 2024: $17MQ2 2024: -$1.9BQ3 2024: $826MQ4 2024: $283MQ1 2025: $276MQ2 2025: $399MQ3 2025: $312MQ4 2025: $471MQ1 2026: $250MQ2 2026: $330MQ3 2023Q2 2026
Free cash flow$161MQ2 2026
$83.8M$167.5M$251.3M$335MQ3 2023: $94MQ4 2023: $172MQ1 2024: $41MQ2 2024: $49MQ3 2024: $284MQ4 2024: $335MQ1 2025: $201MQ2 2025: $211MQ3 2025: $260MQ4 2025: $267MQ1 2026: $251MQ2 2026: $161MQ3 2023Q2 2026
EPS$1.35Q2 2026
-$8.27-$4.05$0.18$4.41Q3 2023: -$4.77Q4 2023: -$1.11Q1 2024: -$0.79Q2 2024: -$12.5Q3 2024: $4.41Q4 2024: $1.17Q1 2025: $0.82Q2 2025: $1.5Q3 2025: $0.97Q4 2025: $2.17Q1 2026: $0.87Q2 2026: $1.35Q3 2023Q2 2026
Cash / Debt$1BQ2 2026
$730.3M$1.5B$2.2B$2.9BQ3 2023 · Cash: $927MQ3 2023 · Debt: $2.3BQ4 2023 · Cash: $1BQ4 2023 · Debt: $2.3BQ1 2024 · Cash: $1.1BQ1 2024 · Debt: $2.3BQ2 2024 · Cash: $920MQ2 2024 · Debt: $2.9BQ3 2024 · Cash: $869MQ3 2024 · Debt: $2.7BQ4 2024 · Cash: $1.1BQ4 2024 · Debt: $2.6BQ1 2025 · Cash: $1.1BQ1 2025 · Debt: $2.6BQ2 2025 · Cash: $934MQ2 2025 · Debt: $2.6BQ3 2025 · Cash: $1.1BQ3 2025 · Debt: $2.6BQ4 2025 · Cash: $1.4BQ4 2025 · Debt: $2.6BQ1 2026 · Cash: $1.1BQ1 2026 · Debt: $2.5BQ2 2026 · Cash: $1BQ2 2026 · Debt: $2.5BQ3 2023Q2 2026
CashDebt
Profitability+66.4%Q2 2026
-116.8%-54.9%+7.0%+69.0%Q3 2023 · Gross margin: +61.1%Q4 2023 · Gross margin: +60.1%Q1 2024 · Gross margin: +62.0%Q2 2024 · Gross margin: +64.8%Q3 2024 · Gross margin: +69.0%Q4 2024 · Gross margin: +65.9%Q1 2025 · Gross margin: +65.8%Q2 2025 · Gross margin: +67.8%Q3 2025 · Gross margin: +67.6%Q4 2025 · Gross margin: +67.1%Q1 2026 · Gross margin: +66.1%Q2 2026 · Gross margin: +66.4%Q3 2023 · Operating margin: -67.4%Q4 2023 · Operating margin: -14.6%Q1 2024 · Operating margin: -10.3%Q2 2024 · Operating margin: -147.2%Q3 2024 · Operating margin: +68.6%Q4 2024 · Operating margin: +18.3%Q1 2025 · Operating margin: +17.7%Q2 2025 · Operating margin: +21.0%Q3 2025 · Operating margin: +21.3%Q4 2025 · Operating margin: +22.2%Q1 2026 · Operating margin: +19.2%Q2 2026 · Operating margin: +21.1%Q3 2023 · Net margin: -67.4%Q4 2023 · Net margin: -15.6%Q1 2024 · Net margin: -11.7%Q2 2024 · Net margin: -178.8%Q3 2024 · Net margin: +65.3%Q4 2024 · Net margin: +16.9%Q1 2025 · Net margin: +12.6%Q2 2025 · Net margin: +22.2%Q3 2025 · Net margin: +13.9%Q4 2025 · Net margin: +28.8%Q1 2026 · Net margin: +12.3%Q2 2026 · Net margin: +17.9%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+9.6%Q2 2026
-1.3%+2.4%+6.0%+9.6%Q3 2024: -3.5%Q4 2024: -1.6%Q1 2025: -3.3%Q2 2025: -4.9%Q3 2025: +0.3%Q4 2025: +5.1%Q1 2026: +4.8%Q2 2026: +9.6%Q3 2023Q2 2026
Shares outstanding153MQ2 2026
40M80M120M160MQ3 2023: 158MQ4 2023: 159MQ1 2024: 159MQ2 2024: 159MQ3 2024: 160MQ4 2024: 160MQ1 2025: 159MQ2 2025: 157MQ3 2025: 154MQ4 2025: 154MQ1 2026: 154MQ2 2026: 153MQ3 2023Q2 2026
Valuation33.0Q2 2026
-22.0-3.215.534.3Q3 2023 · P/E: -6.9Q4 2023 · P/E: -30.5Q1 2024 · P/E: -40.8Q2 2024 · P/E: -2.1Q3 2024 · P/E: 7.4Q4 2024 · P/E: 28.3Q1 2025 · P/E: 24.2Q2 2025 · P/E: 15.9Q3 2025 · P/E: 23.4Q4 2025 · P/E: 15.4Q1 2026 · P/E: 34.3Q2 2026 · P/E: 33.0Q3 2023 · P/S: 18.7Q4 2023 · P/S: 19.2Q1 2024 · P/S: 19.1Q2 2024 · P/S: 15.1Q3 2024 · P/S: 19.2Q4 2024 · P/S: 19.2Q1 2025 · P/S: 12.1Q2 2025 · P/S: 14.2Q3 2025 · P/S: 13.0Q4 2025 · P/S: 17.7Q1 2026 · P/S: 16.9Q2 2026 · P/S: 23.6Q3 2023Q2 2026
P/EP/S
Revenue$4.3B2025
$1.1B$2.3B$3.4B$4.6B2018: $3.3B2019: $3.5B2020: $3.2B2021: $4.5B2022: $4.6B2023: $4.5B2024: $4.4B2025: $4.3B20182025
Net income$850M2025
-$3.1B-$1.7B-$349.5M$1B2018: $826M2019: $1B2020: $656M2021: $762M2022: -$4.4B2023: -$1.2B2024: -$1.2B2025: $850M20182025
EBITDA$1.5B2025
-$2.6B-$1.2B$113.8M$1.5B2018: $1.1B2019: $1.4B2020: $1.1B2021: $1.2B2022: -$3.9B2023: -$608M2024: -$725M2025: $1.5B20182025
Free cash flow$931M2025
$232.8M$465.5M$698.3M$931M2018: $846M2019: $842M2020: $891M2021: $337M2022: $106M2023: $282M2024: $709M2025: $931M20182025
EPS$5.452025
-$19.4-$10.7-$1.97$6.722018: $5.542019: $6.722020: $4.432021: $5.052022: -$28.12023: -$7.352024: -$7.692025: $5.4520182025
Cash / Debt$1.4B2025
$888.8M$1.8B$2.7B$3.6B2018 · Cash: $1.1B2018 · Debt: $2B2019 · Cash: $2B2019 · Debt: $1.9B2020 · Cash: $1.8B2020 · Debt: $1.9B2021 · Cash: $1.2B2021 · Debt: $2.5B2022 · Cash: $2B2022 · Debt: $3.6B2023 · Cash: $1B2023 · Debt: $2.3B2024 · Cash: $1.1B2024 · Debt: $2.6B2025 · Cash: $1.4B2025 · Debt: $2.6B20182025
CashDebt
Profitability+66.7%2025
-54.6%-13.2%+28.2%+69.7%2018 · Gross margin: +69.0%2019 · Gross margin: +69.6%2020 · Gross margin: +68.0%2021 · Gross margin: +69.7%2022 · Gross margin: +64.8%2023 · Gross margin: +60.9%2024 · Gross margin: +65.4%2025 · Gross margin: +66.7%2018 · Operating margin: +26.5%2019 · Operating margin: +27.8%2020 · Operating margin: +17.9%2021 · Operating margin: -2.7%2022 · Operating margin: -91.2%2023 · Operating margin: -23.7%2024 · Operating margin: -19.1%2025 · Operating margin: +19.9%2018 · Net margin: +24.8%2019 · Net margin: +28.3%2020 · Net margin: +20.3%2021 · Net margin: +16.8%2022 · Net margin: -96.1%2023 · Net margin: -25.8%2024 · Net margin: -28.0%2025 · Net margin: +19.6%20182025
Gross marginOperating marginNet margin
Revenue growth-0.8%2025
+3.5%+15.6%+27.7%+39.7%2019: +6.3%2020: -8.6%2021: +39.7%2022: +1.3%2023: -1.7%2024: -2.9%2025: -0.8%20182025
Shares outstanding156M2025
39.8M79.5M119.3M159M2018: 149M2019: 149M2020: 148M2021: 151M2022: 157M2023: 158M2024: 159M2025: 156M20182025
Valuation24.52025
6.230.955.580.12018 · P/E: 51.92019 · P/E: 46.82020 · P/E: 80.12021 · P/E: 72.92022 · P/E: -7.02023 · P/E: -18.42024 · P/E: -17.42025 · P/E: 24.52018 · P/S: 12.92019 · P/S: 13.22020 · P/S: 16.22021 · P/S: 12.32022 · P/S: 6.72023 · P/S: 4.72024 · P/S: 4.92025 · P/S: 4.820182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-29
Revenue est. $1.2B · Updated 1h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.35$4.6B+7%12
FY 20276.08$4.9B+13%12
FY 20287.02$5.3B+21%7
FY 20298.07$5.7B+32%4
FY 20308.96$6B+38%2
Q1 20271.32$1.2B+6%4

Company events

6
2026-10-29EarningsActual - / Estimate 1.36-
2026-07-30EarningsActual 1.31 / Estimate 1.23Beat
2026-04-30EarningsActual 1.15 / Estimate 1.05Beat
2026-02-05EarningsActual 1.35 / Estimate 1.24Beat
2025-10-30EarningsActual 1.34 / Estimate 1.17Beat
2025-07-31EarningsActual 1.19 / Estimate 1.02Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering ILMN have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings107406
Analysts2130
Buy / hold / sell42 / 38 / 27189 / 147 / 70
Upgrades / downgrades / initiations4 / 1 / 212 / 12 / 6
Price targets hit / missed103 / 2 (98%)355 / 26 (93%)
Avg. return after a rating (TipRanks)+78.3%+80.6%
Best / worst call+489.7% / -8.2%+489.7% / -24.9%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 15, 2026Daniel AriasStifel NicolausBuyMaintained$225
Sep 11, 2026Kyle Mikson CFACanaccord GenuityHoldReiterated
Sep 9, 2026Doug SchenkelUBSBuyUpgraded$260
Sep 9, 2026Unknown AnalystUBSBuyUpgraded$260
Sep 9, 2026Eve BursteinBernsteinHoldMaintained$215

TipRanks data via FMP · computed Sep 22, 2026 · 107 ratings

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