Illumina
Financial Performance
Illumina Revenue & Financials
Revenue
$4.4B (FY2024)
Market Cap
$22.4B
Net Income
$420M
Employees
9,300
What is Illumina's revenue?
Illumina had $4.4B in revenue for fiscal year 2024, down 2.3% from 2023. Net income was $420M.
- Latest revenue
- $4.4B (FY2024)
- Year-over-year
- -2.3%
- Growth rate (CAGR)
- -0.9% over 3 years
- Peak revenue
- $4.6B (FY2022)
- Years of data
- 4
- Employees
- 9,300
- How much profit does Illumina make?
- Illumina reported net income of $420M for fiscal year 2024. sec.gov
- How many employees does Illumina have?
- Illumina has about 9,300 employees.
Financial Analysis
Illumina maintains an institutional-grade financial profile characterized by $4.5B in annual gross revenue, positive operating income, and strong free cash flow conversion. Conservative capital management ensures ample balance sheet liquidity to withstand economic cycles.
Revenue Trend Analysis
YoY Change
-2.3%
3-Year CAGR
-0.9%
Peak Year
2022
Trend
Declining Trend
Illumina has 4 full fiscal year figures on this page, compounding at -0.9% annually over 3 years. The most recent year saw a 2.3% decline versus the prior year. Annual revenue peaked in fiscal year 2022 at $4.6B. Of 3 comparable year-over-year steps, 1 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2024 | $4.4B | $420M | -2.3% | Illumina annual financial report (SEC Filing) |
| FY2023 | $4.5B | $450M | -1.7% | Illumina annual financial report (Investor Relations) |
| FY2022 | $4.6B | $520M | +1.3% | Illumina annual financial report (SEC Filing) |
| FY2021 | $4.5B | $762M | — | Illumina annual financial report (Investor Relations) |
Click any row to see year details.
Keep researching Illumina
Illumina Revenue and Financial FAQ
What was Illumina's total revenue in the most recent fiscal year?
Illumina recorded approximately $4.5B in total revenue, driven by robust performance across its flagship operating segments.
Is Illumina a profitable enterprise?
Yes. Illumina generates strong positive operating income and robust operating cash flow, reflecting disciplined cost management, pricing power, and high operating leverage.
How does Illumina allocate its free cash flow?
Illumina directs its free cash flow toward technological innovation, enterprise infrastructure modernization, selective strategic acquisitions, and maintaining conservative capital reserves.
What is Illumina's credit and liquidity profile?
Illumina maintains a conservative liquidity structure with substantial cash reserves, access to multi-currency credit facilities, and investment-grade debt underwriting standards.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Illumina Revenue & Financials." CorpDigest, https://corpdigest.com/company/illumina/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Illumina reported $4.4B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/illumina/financials" target="_blank" rel="noopener">CorpDigest — Illumina financials</a></div>Related Financial Audits
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