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ILMN · NasdaqGS

Illumina, Inc.

Diagnostics & Research · United States

USD 212.93-0.9% daily changeQuote 2026-11-11 · USD
Market cap (USD)
US$32.20B
Trailing P/E
36.65x
Forward P/E
34.44x
Quarterly revenue growth
4.2%
Trailing net margin
19.7%
Indicated dividend yield
—

Snapshot 2026-11-11 · Latest financial period 2026-09-27 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Company background

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.

Company website

Q2 2026

Go beyond the headline.

Illumina (ILMN): A Beat, a Raise, and a Stock That Already Doubled | Q2 2026

Published 2026-07-31

Comparable businesses

ILMN peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricILMNIllumina, Inc.Snapshot 2026-11-11Financial period: 2026-09-27MTDMettler-Toledo International Inc.Snapshot 2026-11-11Financial period: 2026-09-30LHLabcorp Holdings Inc.Snapshot 2026-11-11Financial period: 2026-09-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$32.20BUS$34.79BUS$30.23BUS$32.51Bn=2
Forward P/EProvider forward earnings estimate34.44x32.86x18.99x25.93xn=2
EV / EBITDAEnterprise value / trailing EBITDA29.31x29.44x15.66x22.55xn=2
Revenue growthLatest quarter vs prior-year quarter4.2%6.3%6.9%6.6%n=2
Operating marginLatest reported quarter19.1%27.8%11.2%19.5%n=2
Free cash flow yieldTrailing cash flow / market cap2.7%1.9%3.5%2.7%n=2
Net debt / EBITDANet debt / trailing EBITDA0.85x1.58x2.81x2.19xn=2
Debt / equityTotal debt / positive book equity0.74x26.06x0.77x13.42xn=2
Trailing P/ETrailing twelve-month earnings36.65x37.96x30.51x34.24xn=2
Price / bookPrice / positive book equity per share10.29x448.00x3.42x225.71xn=2
EV / salesEnterprise value / trailing revenue7.37x8.77x2.52x5.64xn=2
Earnings growthLatest quarter vs prior-year quarter45.9%16.3%3.2%9.8%n=2
Gross marginTrailing twelve months67.7%59.2%29.0%44.1%n=2
Net marginTrailing twelve months19.7%22.2%6.9%14.6%n=2
Return on equityProvider trailing return; positive equity only32.4%—11.4%—
Free cash flow marginTrailing free cash flow / revenue18.9%16.1%7.2%11.7%n=2
Dividend yieldIndicated annual dividend / price——0.8%—
Earnings payoutProvider trailing dividend payout0.0%0.0%23.6%11.8%n=2
Current ratioCurrent assets / current liabilities2.62x1.10x1.41x1.25xn=2
BetaProvider historical market sensitivity1.451.170.831.00n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Earnings-multiple scenario

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Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for ILMN

All available reporting periods
Q2 20262026-07-31

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.