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Illumina (ILMN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Illumina (ILMN) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +4% from a year earlier and -3% from the quarter before. Operating margin was 27.0%, net earnings $220M (19.5% of revenue).
Illumina, Q3 2026: revenue $1.1B (+4% year over year), operating margin 27.0%, net earnings $220M, operating cash flow $419M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -3% | +4% |
| Gross profit | $830M | +8% | +13% |
| Operating profit | $305M | +24% | +34% |
| Net earnings | $220M | +6% | +47% |
| Operating cash flow | $419M | +108% | +48% |
| Free cash flow | $378M | — | +49% |
What changed
Revenue was $1.1B in Q3 2026, up 4% year over year and down 3% from the previous quarter. Consumables was the largest line at 74% of revenue. Service added $0.03B year over year (up 17%), 58% of the total change. Instruments declined 5%.
Gross margin was 73.5%, up 5.9 points from Q3 2025. Operating profit was $0.30B, a 27.0% margin (up 6.1 points year over year). Of the extra revenue versus Q3 2025, 173% reached operating profit, above the 21% margin then. Operating expenses grew 4% against revenue growth of 4%. Net earnings were $0.22B, up 47% year over year. The effective tax rate was 16.7%.
Operating cash flow was $0.42B (up 48% year over year), 190% 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 added $0.05B. After purchases of property and equipment ($0.04B), free cash flow as the company reports it was $0.38B.
Questions
What was Illumina's revenue in the third quarter 2026?
Illumina (ILMN) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +4% from a year earlier and -3% from the quarter before.
Was Illumina profitable in the third quarter 2026?
Operating profit was $305M (27.0% of revenue) and net earnings $220M.
Source: Illumina 10-Q on SEC EDGAR.