Illumina, Inc. (ILMN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ILMN Revenue Growth
Revenue Breakdown (FY 2025)
ILMN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ILMN Revenue Analysis (2014–2025)
As of May 8, 2026, Illumina, Inc. (ILMN) generated trailing twelve-month (TTM) revenue of $4.39 billion, reflecting modest growth of +4.8% year-over-year. The most recent quarter (Q1 2026) recorded $1.09 billion in revenue, down 5.9% sequentially.
Looking at the longer-term picture, ILMN's 5-year compound annual growth rate (CAGR) stands at +6.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $4.58 billion in 2022.
Revenue diversification analysis shows ILMN's business is primarily driven by Sequencing (92%), and Microarray (8%). With over half of revenue concentrated in Sequencing, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including PACB (+3.9% YoY), BRKR (+0.4% YoY), and TMO (+5.4% YoY), ILMN has underperformed the peer group in terms of revenue growth. Compare ILMN vs PACB →
ILMN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ILMNCurrent | $4.4B | +4.8% | +6.0% | 19.9% | |
 PACB | $160M | +3.9% | +15.2% | -348.5% | |
 BRKR | $3.4B | +0.4% | +11.6% | 6.9% | |
 TMO | $44.6B | +5.4% | +6.7% | 18.2% | |
 DHR | $24.6B | +4.0% | +2.0% | 20.9% | |
 A | $6.9B | +8.1% | +5.4% | 21.3% |
ILMN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.34B | -0.8% | $2.89B | 66.7% | $864.0M | 19.9% |
| 2024 | $4.37B | -2.9% | $2.86B | 65.4% | $-833,000,000 | -19.1% |
| 2023 | $4.50B | -1.7% | $2.74B | 60.9% | $-1,069,000,000 | -23.7% |
| 2022 | $4.58B | +1.3% | $2.97B | 64.8% | $-4,179,000,000 | -91.2% |
| 2021 | $4.53B | +39.7% | $3.15B | 69.7% | $-123,000,000 | -2.7% |
| 2020 | $3.24B | -8.6% | $2.20B | 68.0% | $580.0M | 17.9% |
| 2019 | $3.54B | +6.3% | $2.47B | 69.6% | $985.0M | 27.8% |
| 2018 | $3.33B | +21.1% | $2.30B | 69.0% | $883.0M | 26.5% |
| 2017 | $2.75B | +14.7% | $1.83B | 66.4% | $606.0M | 22.0% |
| 2016 | $2.40B | +8.0% | $1.67B | 69.5% | $587.0M | 24.5% |
Full ILMN Stock Analysis
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Start ComparisonILMN — Frequently Asked Questions
Quick answers to the most common questions about buying ILMN stock.
Is ILMN's revenue growth accelerating or slowing?
ILMN revenue growth slowed to +4.8%, below the 5-year CAGR of +6.0%. TTM revenue is $4.4B. The deceleration marks a shift from historical growth rates.
What is ILMN's long-term revenue growth rate?
Illumina, Inc.'s 5-year revenue CAGR of +6.0% reflects the variable expansion pattern. Current YoY growth of +4.8% is near this long-term average.
How is ILMN's revenue distributed by segment?
ILMN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.