Illumina — Q3 2026 Earnings Summary

Illumina reported third-quarter fiscal 2026 revenue of $1.13 billion, representing a 4.2% increase from the prior year period. The company raised its full-year fiscal 2026 guidance, now expecting total revenue between $4.64 billion and $4.66 billion and non-GAAP diluted earnings per share between $5.40 and $5.45. GAAP operating margin for the quarter was 27.0%, while non-GAAP operating margin excluding tariff refunds stood at 25.0%. Free cash flow for the quarter reached $378 million, driven by $419 million in cash provided by operations.