Filing Flows › Illumina (ILMN) › Q1 2025
Illumina (ILMN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Illumina (ILMN) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -6% from the quarter before. Operating margin was 15.8%, net earnings $131M (12.6% of revenue).
Illumina, Q1 2025: revenue $1.0B (-3% year over year), operating margin 15.8%, net earnings $131M, operating cash flow $240M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -6% | -3% |
| Gross profit | $683M | -6% | +2% |
| Operating profit | $164M | -6% | — |
| Net earnings | $131M | -30% | — |
| Operating cash flow | $240M | -34% | +212% |
| Free cash flow | $208M | — | +407% |
What changed
Revenue was $1.0B in Q1 2025, down 3% year over year and down 6% from the previous quarter. Consumables was the largest line at 74% of revenue. Service lost $0.04B year over year (down 19%), 111% of the total change.
Gross margin was 65.6%, up 3.6 points from a year earlier. Operating profit was $0.16B, a 15.8% margin (up 26.1 points year over year). Operating expenses fell 33% while revenue fell 3%. Net earnings were $0.13B. The effective tax rate was 28.0%.
Operating cash flow was $0.24B (up 212% year over year), 183% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.03B. After purchases of property and equipment ($0.03B), free cash flow as the company reports it was $0.21B.
Questions
What was Illumina's revenue in the first quarter 2025?
Illumina (ILMN) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -6% from the quarter before.
Was Illumina profitable in the first quarter 2025?
Operating profit was $164M (15.8% of revenue) and net earnings $131M.
Source: Illumina 10-Q on SEC EDGAR.