Filing Flows › Illumina (ILMN) › Q2 2026
Illumina (ILMN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Illumina (ILMN) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +6% from the quarter before. Operating margin was 21.1%, net earnings $207M (17.9% of revenue).
Illumina, Q2 2026: revenue $1.2B (+9% year over year), operating margin 21.1%, net earnings $207M, operating cash flow $201M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +6% | +9% |
| Gross profit | $770M | +7% | +11% |
| Operating profit | $245M | +17% | +14% |
| Net earnings | $207M | +54% | -12% |
| Operating cash flow | $201M | -30% | -14% |
| Free cash flow | $162M | — | -21% |
What changed
Revenue was $1.2B in Q2 2026, up 9% year over year and up 6% from the previous quarter. Consumables was the largest line at 74% of revenue. Consumables added $0.04B year over year (up 5%), 41% of the total change.
Gross margin was 66.4%, up 0.8 points from Q2 2025. Operating profit was $0.24B, a 21.1% margin (up 0.9 points year over year). Of the extra revenue versus Q2 2025, 31% reached operating profit, above the 20% margin then. Operating expenses grew 9% against revenue growth of 9%. The fastest-growing cost line was SG&A (+17%). Net earnings were $0.21B, down 12% year over year. The effective tax rate was 20.4%.
Operating cash flow was $0.20B (down 14% year over year), 97% 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 $0.15B. After purchases of property and equipment ($0.04B), free cash flow as the company reports it was $0.16B.
Questions
What was Illumina's revenue in the second quarter 2026?
Illumina (ILMN) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +6% from the quarter before.
Was Illumina profitable in the second quarter 2026?
Operating profit was $245M (21.1% of revenue) and net earnings $207M.
Source: Illumina 10-Q on SEC EDGAR.