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Illumina (ILMN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2026, Illumina (ILMN - Free Report) reported revenue of $1.09 billion, up 4.8% over the same period last year. EPS came in at $1.15, compared to $0.97 in the year-ago quarter.
The reported revenue represents a surprise of +1.15% over the Zacks Consensus Estimate of $1.08 billion. With the consensus EPS estimate being $1.05, the EPS surprise was +9.7%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Illumina performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Product revenue- Total Consumable: $797 million versus $790.02 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
Revenue- Service and other revenue: $174 million compared to the $166.59 million average estimate based on three analysts. The reported number represents a change of +8.1% year over year.
Revenue- Consumables- Sequencing: $726 million versus $713.41 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
Revenue- Instruments- Sequencing: $118 million compared to the $108.78 million average estimate based on three analysts. The reported number represents a change of +8.3% year over year.
Revenue- Product revenue- Total Instruments: $120 million versus the three-analyst average estimate of $110.73 million. The reported number represents a year-over-year change of +7.1%.
Revenue- Product revenue: $917 million versus the three-analyst average estimate of $900.42 million. The reported number represents a year-over-year change of +4.2%.
Revenue- Instruments- Microarrays: $2 million versus $2.92 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -33.3% change.
Revenue- Consumables- Microarrays: $71 million versus $77.43 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
Revenue by Source- Total product revenue- Microarray: $73 million versus $80.34 million estimated by two analysts on average.
Shares of Illumina have returned -4.9% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Illumina (ILMN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2026, Illumina (ILMN - Free Report) reported revenue of $1.09 billion, up 4.8% over the same period last year. EPS came in at $1.15, compared to $0.97 in the year-ago quarter.
The reported revenue represents a surprise of +1.15% over the Zacks Consensus Estimate of $1.08 billion. With the consensus EPS estimate being $1.05, the EPS surprise was +9.7%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Illumina performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Illumina here>>>
Shares of Illumina have returned -4.9% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.