ILLUMINA, INC.
ILMN · Laboratory Analytical Instruments · 151.3M shares · +1%/yr ↑ dilution · EDGAR filings ↗
Reference price $180.00 · est. market cap ~$27.2B — last insider sale, 2026-06-25 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A82Genomics leader with elite margins and strong free cash flow post-GRAIL, against flat revenue and China headwinds.
Strengths
- Elite margins/returns — operating margin 19% (94th), net margin 20% (90th), ROE 31% (95th)
- Strong FCF — FCF $931M (95th), FCF margin 21%
Risks
- Flat revenue / China headwinds — revenue -1%
- Net income comp -170% (GRAIL-divestiture-related) — per 10-K
- Sequencing-competition risk — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- FDA recallFDA recall (Class II) — Reagent Kits/ containing flow cells, components of NextSeq 550Dx Instrument: Ne (2025-10-28)
- FDA approvalFDA clearance/approval — TruSight Oncology Comprehensive (2026-04-23)
- Insider sellingInsider selling — 41 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$156M, last 6mo) Form 4 ↗
- Notable holderHeld by 7 notable fund(s): STATE STREET CORP, FMR LLC, ARK Investment Management LLC +4 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: Bridgewater Associates, LP
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
66.1%
Operating margin
18.6%
Net margin
19.6%
Return on equity
31.2%
Return on assets
12.8%
Revenue growth (QoQ)
-5.9%
Current ratio
2.1×
Free cash flow
$931M
EBITDA
$1.1B
Tangible book value
$1.4B
Stock comp / revenue
6.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-25 | Davies Scott M | Sell | 615 | $180.00 |
| 2026-06-16 | Skovronsky Daniel | Grant | 1.7K | $164.28 |
| 2026-06-05 | Leckman Patricia | Sell | 78 | $163.36 |
| 2026-06-05 | Leckman Patricia | Sell | 39 | $164.82 |
| 2026-06-05 | Leckman Patricia | Sell | 2 | $167.88 |
| 2026-06-05 | Leckman Patricia | Sell | 290 | $161.79 |
| 2026-06-05 | Leckman Patricia | Sell | 374 | $162.78 |
| 2026-06-02 | Leckman Patricia | Sell | 176 | $160.66 |
| 2026-06-02 | Leckman Patricia | Sell | 318 | $162.00 |
| 2026-06-02 | Leckman Patricia | Sell | 290 | $163.02 |
| 2026-06-01 | Meister Keith A. | Sell | 15K | $165.50 |
| 2026-06-01 | Meister Keith A. | Sell | 70K | $162.41 |
| 2026-06-01 | Meister Keith A. | Sell | 62K | $163.56 |
| 2026-06-01 | Meister Keith A. | Sell | 88K | $164.34 |
| 2026-05-29 | Meister Keith A. | Sell | 93K | $164.56 |
| 2026-05-29 | Meister Keith A. | Sell | 2.0K | $165.30 |
| 2026-05-29 | Davies Scott M | Sell | 615 | $160.00 |
| 2026-05-29 | Meister Keith A. | Sell | 12K | $159.57 |
| 2026-05-29 | Ericksen Scott D | Sell | 500 | $160.00 |
| 2026-05-29 | Meister Keith A. | Sell | 4.6K | $160.50 |
| 2026-05-29 | Meister Keith A. | Sell | 5.3K | $161.64 |
| 2026-05-29 | Meister Keith A. | Sell | 2.2K | $162.44 |
| 2026-05-29 | Meister Keith A. | Sell | 20K | $163.57 |
| 2026-05-29 | Meister Keith A. | Sell | 6.9K | $164.75 |
| 2026-05-29 | Meister Keith A. | Sell | 63K | $162.86 |
| 2026-05-29 | Meister Keith A. | Sell | 6.2K | $163.97 |
| 2026-05-28 | Meister Keith A. | Option exercise | 25K | $102.82 |
| 2026-05-28 | Meister Keith A. | Sell | 38K | $156.50 |
| 2026-05-28 | Meister Keith A. | Sell | 72K | $157.38 |
| 2026-05-28 | Meister Keith A. | Sell | 110K | $147.50 |
| 2026-05-28 | Ericksen Scott D | Sell | 1.5K | $150.10 |
| 2026-05-28 | Meister Keith A. | Other | 25K | $156.40 |
| 2026-05-21 | Gottlieb Scott | Grant | 2.1K | $144.83 |
| 2026-05-21 | KING DAVID P | Grant | 2.1K | $144.83 |
| 2026-05-21 | SIEGEL SUSAN E | Grant | 2.1K | $144.83 |
| 2026-05-21 | Ullem Scott B. | Grant | 2.1K | $144.83 |
| 2026-05-21 | SCHILLER PHILIP W | Grant | 2.1K | $144.83 |
| 2026-05-21 | RICHO ANNA | Grant | 2.1K | $144.83 |
| 2026-05-21 | Meister Keith A. | Grant | 2.1K | $144.83 |
| 2026-05-21 | DORSA CAROLINE | Grant | 2.1K | $144.83 |
| 2026-05-20 | DORSA CAROLINE | Tax withheld | 1.5K | $141.92 |
| 2026-05-14 | Meister Keith A. | Sell | 25K | $146.15 |
| 2026-05-14 | Meister Keith A. | Sell | 12K | $144.13 |
| 2026-05-14 | Meister Keith A. | Sell | 53K | $144.80 |
| 2026-05-14 | Meister Keith A. | Sell | 14K | $146.96 |
| 2026-05-14 | Meister Keith A. | Sell | 180 | $147.80 |
| 2026-05-13 | Meister Keith A. | Sell | 5.3K | $148.14 |
| 2026-05-13 | Meister Keith A. | Sell | 160K | $145.26 |
| 2026-05-13 | Meister Keith A. | Sell | 54K | $145.94 |
| 2026-05-13 | Meister Keith A. | Sell | 6.5K | $147.50 |
| 2026-05-12 | Meister Keith A. | Option exercise | 255K | $102.82 |
| 2026-05-12 | Meister Keith A. | Other | 255K | $144.66 |
| 2026-05-11 | Meister Keith A. | Option exercise | 80K | $102.82 |
| 2026-05-11 | Meister Keith A. | Other | 80K | $143.45 |
| 2026-05-07 | Meister Keith A. | Option exercise | 9.2K | $102.82 |
| 2026-05-07 | Meister Keith A. | Other | 9.2K | $140.25 |
| 2026-05-06 | Wedel Christensen Jakob | Sell | 700 | $139.04 |
| 2026-05-05 | Wedel Christensen Jakob | Tax withheld | 233 | $139.07 |
| 2026-03-31 | Ullem Scott B. | Grant | 190 | $131.55 |
| 2026-03-31 | Meister Keith A. | Grant | 161 | $131.55 |
| 2026-03-05 | Barnard Steven | Grant | 7.6K | $128.24 |
| 2026-03-05 | Davies Scott M | Grant | 5.8K | $128.24 |
| 2026-03-05 | Dhingra Ankur | Grant | 9.4K | $128.24 |
| 2026-03-05 | Ericksen Scott D | Grant | 3.2K | $128.24 |
| 2026-03-05 | Leckman Patricia | Grant | 6.3K | $128.24 |
| 2026-03-05 | Pegels Kevin Carl | Grant | 6.3K | $128.24 |
| 2026-03-05 | Thaysen Jacob | Grant | 26K | $128.24 |
| 2026-03-05 | Wedel Christensen Jakob | Grant | 5.6K | $128.24 |
| 2026-02-20 | Davies Scott M | Sell | 1.3K | $116.18 |
| 2026-02-18 | Leckman Patricia | Sell | 2.4K | $116.18 |
| 2026-02-15 | Ericksen Scott D | Tax withheld | 694 | $116.51 |
| 2026-02-15 | Pegels Kevin Carl | Tax withheld | 1.2K | $116.51 |
| 2026-02-15 | Davies Scott M | Tax withheld | 1.0K | $116.51 |
| 2026-02-15 | Barnard Steven | Tax withheld | 1.3K | $116.51 |
| 2026-02-15 | Wedel Christensen Jakob | Tax withheld | 578 | $116.51 |
| 2026-02-15 | Leckman Patricia | Tax withheld | 1.3K | $116.51 |
| 2026-02-15 | Thaysen Jacob | Tax withheld | 6.5K | $116.51 |
| 2026-02-12 | Barnard Steven | Tax withheld | 1.0K | $114.44 |
| 2026-02-12 | Barnard Steven | Option exercise | 1.3K | — |
| 2026-02-12 | Barnard Steven | Option exercise | 1.4K | — |
| 2026-02-12 | Thaysen Jacob | Option exercise | 13K | — |
| 2026-02-12 | Thaysen Jacob | Tax withheld | 5.5K | $114.44 |
| 2026-02-12 | Pegels Kevin Carl | Option exercise | 2.3K | — |
| 2026-02-12 | Pegels Kevin Carl | Tax withheld | 874 | $114.44 |
| 2026-02-12 | Davies Scott M | Option exercise | 1.4K | — |
| 2026-02-12 | Davies Scott M | Tax withheld | 550 | $114.44 |
| 2026-02-12 | Leckman Patricia | Option exercise | 1.0K | — |
| 2026-02-12 | Leckman Patricia | Tax withheld | 424 | $114.44 |
| 2026-02-12 | Ericksen Scott D | Option exercise | 743 | — |
| 2026-02-12 | Ericksen Scott D | Tax withheld | 306 | $114.44 |
| 2026-02-09 | Gottlieb Scott | Buy | 200 | $117.81 |
| 2025-12-31 | Ullem Scott B. | Grant | 212 | $117.63 |
| 2025-12-12 | Davies Scott M | Sell | 323 | $136.09 |
| 2025-12-08 | Wedel Christensen Jakob | Sell | 549 | $129.27 |
| 2025-12-05 | Wedel Christensen Jakob | Tax withheld | 307 | $128.96 |
| 2025-11-17 | ILLUMINA, INC. | Sell | 1.0M | $79.85 |
| 2025-11-12 | Davies Scott M | Disposition | 323 | $122.79 |
| 2025-11-05 | Ericksen Scott D | Tax withheld | 206 | $122.44 |
| 2025-11-05 | Leckman Patricia | Tax withheld | 296 | $122.44 |
| 2025-11-05 | Pegels Kevin Carl | Tax withheld | 599 | $122.44 |
| 2025-11-05 | Barnard Steven | Tax withheld | 515 | $122.44 |
| 2025-11-05 | Davies Scott M | Tax withheld | 398 | $122.44 |
| 2025-11-03 | Gottlieb Scott | Buy | 500 | $122.13 |
| 2025-10-05 | Thaysen Jacob | Tax withheld | 1.3K | $101.02 |
| 2025-09-30 | Ullem Scott B. | Grant | 252 | $99.17 |
| 2025-09-05 | Barnard Steven | Tax withheld | 287 | $98.93 |
| 2025-07-05 | Cunningham Everett | Tax withheld | 4.2K | $97.15 |
| 2025-06-30 | Ullem Scott B. | Grant | 307 | $81.20 |
| 2025-05-21 | Meister Keith A. | Grant | 3.8K | — |
| 2025-05-21 | DORSA CAROLINE | Grant | 3.8K | — |
| 2025-05-21 | EPSTEIN ROBERT S | Grant | 3.8K | — |
| 2025-05-21 | Gottlieb Scott | Grant | 3.8K | — |
| 2025-05-21 | GUTHART GARY S | Grant | 3.8K | — |
| 2025-05-21 | RICHO ANNA | Grant | 3.8K | — |
| 2025-05-21 | SCHILLER PHILIP W | Grant | 3.8K | — |
| 2025-05-21 | SIEGEL SUSAN E | Grant | 3.8K | — |
| 2025-05-21 | Ullem Scott B. | Grant | 3.8K | — |
| 2025-05-21 | ARNOLD FRANCES | Grant | 3.8K | — |
| 2025-05-16 | DORSA CAROLINE | Tax withheld | 1.1K | $83.62 |
| 2025-05-16 | Ullem Scott B. | Tax withheld | 1.1K | $83.62 |
| 2025-05-13 | Thaysen Jacob | Buy | 4.9K | $80.70 |
| 2025-05-13 | Thaysen Jacob | Buy | 804 | $81.56 |
| 2025-05-13 | Thaysen Jacob | Buy | 100 | $82.26 |
| 2025-05-12 | Thaysen Jacob | Buy | 200 | $82.66 |
| 2025-05-12 | Thaysen Jacob | Buy | 1.2K | $79.70 |
| 2025-05-12 | Dhingra Ankur | Buy | 6.1K | $81.21 |
| 2025-05-12 | Thaysen Jacob | Buy | 3.7K | $80.92 |
| 2025-05-12 | Thaysen Jacob | Buy | 1.4K | $81.54 |
| 2025-05-06 | Wedel Christensen Jakob | Disposition | 549 | $77.21 |
| 2025-05-05 | Wedel Christensen Jakob | Tax withheld | 384 | $78.17 |
| 2025-04-05 | Rollins Carissa | Tax withheld | 113 | $73.45 |
| 2025-03-31 | Ullem Scott B. | Grant | 229 | $104.92 |
| 2025-03-28 | Meister Keith A. | Grant | 625 | — |
| 2025-03-05 | Cunningham Everett | Grant | 9.1K | — |
| 2025-03-05 | Davies Scott M | Grant | 7.0K | — |
| 2025-03-05 | Dhingra Ankur | Grant | 9.8K | — |
| 2025-03-05 | Leckman Patricia | Grant | 7.3K | — |
| 2025-03-05 | Ericksen Scott D | Grant | 4.4K | — |
| 2025-03-05 | Pegels Kevin Carl | Grant | 7.3K | — |
| 2025-03-05 | Rollins Carissa | Grant | 7.3K | — |
| 2025-03-05 | Thaysen Jacob | Grant | 29K | — |
| 2025-03-05 | Wedel Christensen Jakob | Grant | 6.4K | — |
| 2025-03-05 | Barnard Steven | Grant | 8.1K | — |
| 2025-02-27 | ARNOLD FRANCES | Disposition | 120 | $93.48 |
| 2025-02-18 | Leckman Patricia | Disposition | 1.8K | $100.00 |
| 2025-02-18 | Wedel Christensen Jakob | Disposition | 460 | $100.00 |
| 2025-02-15 | Barnard Steven | Tax withheld | 529 | $101.09 |
| 2025-02-15 | Davies Scott M | Tax withheld | 407 | $101.09 |
| 2025-02-15 | Ericksen Scott D | Tax withheld | 272 | $101.09 |
| 2025-02-15 | Pegels Kevin Carl | Tax withheld | 565 | $101.09 |
| 2025-02-15 | Rollins Carissa | Tax withheld | 513 | $101.09 |
| 2025-02-15 | Thaysen Jacob | Tax withheld | 2.1K | $101.09 |
| 2025-02-15 | Leckman Patricia | Tax withheld | 644 | $101.09 |
| 2025-01-05 | Barnard Steven | Tax withheld | 1.1K | $138.65 |
| 2025-01-05 | Davies Scott M | Tax withheld | 1.1K | $138.65 |
| 2025-01-05 | Leckman Patricia | Tax withheld | 1.1K | $138.65 |
| 2025-01-05 | Ericksen Scott D | Tax withheld | 1.1K | $138.65 |
| 2024-12-31 | Ullem Scott B. | Grant | 158 | $142.06 |
All non-derivative Form 4 activity (SEC), newest first.
Clinical trials
| Trial | Title | Phase | Status | Primary completion |
|---|---|---|---|---|
| NCT05656183 ↗ | CardioSeq: Impact of WGS in Individuals With CVD Cardiovascular Diseases | NA | Unknown | 2024-12-01 |
| NCT04170985 ↗ | NeuroSeq: A Prospective Trial to Evaluate the Diagnostic Yield of Whole Genome Sequencing (WGS) in Adult Neurology Neurologic Deficits, Neurologic Disorder | — | Completed | 2024-01-31 |
| NCT05049967 ↗ | iKnow: A Prospective Study to Evaluate the Use of Multi-omics in Multi-System, Early Onset Disorders Genetic Disease | — | Unknown | 2021-12-10 |
| NCT04561102 ↗ | Evaluation of the COVIDSeq Test in Nasal Swab and Saliva From a COVID-19 Asymptomatic Population SARS-CoV-2 | — | Completed | 2021-02-28 |
| NCT04561089 ↗ | Evaluation of the COVIDSeq Test in Saliva Specimens From COVID-19 Asymptomatic Illumina Personnel SARS-CoV-2 | — | Completed | 2021-02-28 |
| NCT03620110 ↗ | A Study Collecting Blood Samples From Pregnant Women to Aid in the Development of a Noninvasive Prenatal Test Pregnancy | — | Completed | 2019-12-30 |
| NCT03590678 ↗ | Collection of Whole Blood Specimens in Pregnant Women Pregnancy Related | — | Completed | 2019-08-30 |
| NCT03290469 ↗ | NICUSeq: A Trial to Evaluate the Clinical Utility of Human Whole Genome Sequencing (WGS) Compared to Standard of Care in Acute Care Neonates and Infants Rare Diseases | NA | Completed | 2019-04-30 |
| NCT02808494 ↗ | Development of a Next Generation Sequencing (NGS) -Based Assay to Detect Preeclampsia Molecular Markers Preeclampsia | — | Completed | 2017-11-20 |
| NCT02268786 ↗ | Single Embryo TrAnsfeR of Euploid Embryo Infertility, Aneuploidy | NA | Completed | 2016-12-31 |
| NCT01426308 ↗ | Method Comparison and Clinical Specificity Study: Evaluation of the Infinium HD Cytogenetic Abnormality Test Post-natal Cytogenetics | — | Completed | 2011-11-01 |
| NCT00959504 ↗ | Detection of Factor V Leiden G1691A and Factor II (Prothrombin) G20210A Point Mutations in DNA Detection and Genotyping of Factor V and Factor II Point Mutations | — | Completed | 2009-09-01 |
Source: ClinicalTrials.gov (U.S. NIH) · active studies first.
Supply chain
Customers (1)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-23 | Exec/director change | filing ↗ |
| 2026-05-26 | Shareholder voteExhibits | filing ↗ |
| 2026-04-30 | ResultsOtherExhibits | filing ↗ |
| 2026-04-02 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2026-01-30 | Acquisition/dispositionOtherExhibits | filing ↗ |
| 2026-01-13 | ResultsExhibits | filing ↗ |
| 2026-01-08 | Exec/director changeReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-23 | 2026-06-16 | 0001110803-26-000138 ↗ |
| 8-K | 2026-05-26 | 2026-05-21 | 0001110803-26-000124 ↗ |
| 10-Q | 2026-05-04 | 2026-03-29 | 0001110803-26-000092 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001110803-26-000087 ↗ |
| 8-K | 2026-04-02 | 2026-04-02 | 0001110803-26-000082 ↗ |
| 10-K | 2026-02-12 | 2025-12-28 | 0001110803-26-000024 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001110803-26-000018 ↗ |
| 8-K | 2026-01-30 | 2026-01-30 | 0001110803-26-000014 ↗ |
| 8-K | 2026-01-13 | 2026-01-13 | 0001110803-26-000009 ↗ |
| 8-K | 2026-01-08 | 2026-01-08 | 0001110803-26-000006 ↗ |
| 8-K | 2025-11-25 | 2025-11-25 | 0001193125-25-297576 ↗ |
| 8-K | 2025-11-12 | 2025-11-10 | 0001193125-25-277870 ↗ |