Filing Flows › Illumina (ILMN) › Q3 2026 › vs Q3 2025
Illumina (ILMN) Q3 2026 vs Q3 2025 (year over year)
Illumina's revenue rose $45.0M (+4%) from $1.1B in Q3 2025 to $1.1B in Q3 2026. The biggest changes: Service +$26.0M (+17%); Total product revenue +$19.0M (+2%). Gross margin 73.5% against 67.6% (+5.9 pts).
Illumina, Q3 2026: revenue $1.1B (+4% year over year), operating margin 27.0%, net earnings $220M, operating cash flow $419M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 73.5% | 67.6% | +5.9 pts |
| Operating margin | 27.0% | 20.9% | +6.1 pts |
| Net margin | 19.5% | 13.8% | +5.6 pts |
| Free cash flow margin | 33.5% | 23.3% | +10.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Consumables | $841M | $816M | $25.0M | +3% |
| Instruments | $105M | $111M | −$6.0M | -5% |
| Total product revenue | $946M | $927M | $19.0M | +2% |
| Service | $183M | $157M | $26.0M | +17% |
| Revenue | $1.1B | $1.1B | $45.0M | +4% |
| Gross profit | $830M | $733M | $97.0M | +13% |
| Cost of revenue | $299M | $351M | −$52.0M | -15% |
| Operating profit | $305M | $227M | $78.0M | +34% |
| Operating expenses | $525M | $506M | $19.0M | +4% |
| Pre-tax earnings | $264M | $220M | $44.0M | +20% |
| Other expense, net | $41.0M | $7.0M | $34.0M | +486% |
| Research & development | $244M | $229M | $15.0M | +7% |
| SG&A | $281M | $277M | $4.0M | +1% |
| Net earnings | $220M | $150M | $70.0M | +47% |
| Income tax | $44.0M | $70.0M | −$26.0M | -37% |
| Depreciation & amortization | $72.0M | $67.0M | $5.0M | +7% |
| Share-based compensation | $74.0M | $70.0M | $4.0M | +6% |
| Working capital & other | $53.0M | −$3.0M | $56.0M | — |
| Operating cash flow | $419M | $284M | $135M | +48% |
| Free cash flow (company-reported) | $378M | $253M | $125M | +49% |
| Purchases of property and equipment | $41.0M | $31.0M | $10.0M | +32% |
Questions
How much did Illumina's revenue grow year over year in Q3 2026?
Illumina's revenue rose $45.0M (+4%) from $1.1B in Q3 2025 to $1.1B in Q3 2026.
What drove Illumina's revenue change in Q3 2026?
Service +$26.0M (+17%); Total product revenue +$19.0M (+2%).