ILLUMINA, INC.

For the period ended Sep 28, 2025. Filed Oct 31, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 28, 2025 · Filed Oct 31, 2025

ILMN$214.91-2.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(In millions, except per share amounts)

	Three Months Ended		Nine Months Ended
	September 28,2025	September 29,2024	September 28,2025	September 29,2024
Revenue:
Product revenue	$927	$914	$2,719	$2,718
Service and other revenue	157	166	465	550
Total revenue	1,084	1,080	3,184	3,268
Cost of revenue:
Cost of product revenue	267	235	795	739
Cost of service and other revenue	68	84	228	286
Amortization of acquired intangible assets	16	16	50	110
Total cost of revenue	351	335	1,073	1,135
Gross profit	733	745	2,111	2,133
Operating expense:
Research and development	229	253	728	913
Selling, general and administrative	277	239	777	813
Goodwill and intangible impairment	—	—	—	1,889
Legal contingency and settlement	—	(488)	—	(474)
Total operating expense	506	4	1,505	3,141
Income (loss) from operations	227	741	606	(1,008)
Other income (expense):
Interest income	9	11	30	36
Interest expense	(25)	(36)	(75)	(75)
Other income (expense), net	9	4	148	(319)
Total other (expense) income, net	(7)	(21)	103	(358)
Income (loss) before income taxes	220	720	709	(1,366)
Provision for income taxes	70	15	193	44
Net income (loss)	$150	$705	$516	$(1,410)
Earnings (loss) per share:
Basic	$0.98	$4.43	$3.30	$(8.86)
Diluted	$0.98	$4.42	$3.29	$(8.86)
Shares used in computing earnings (loss) per share:
Basic	153	159	156	159
Diluted	154	160	157	159

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.