Illumina Inc. (ILMN) on Thursday reported first-quarter results, with profit increasing from last year, driven by higher revenue and improved margins.
Revenue for the quarter rose to $1.09 billion from $1.04 billion in the same period last year.
The company reported net income of $134 million or $0.87 per share, compared with $131 million or $0.82 per share a year ago. Adjusted earnings per share increased to $1.15 from $0.97 last year.
Gross margin for the quarter improved to 66.1% from 65.6%, while operating margin improved to 19.2% from 15.8%.
"Illumina delivered a strong start to 2026, reflecting the strength of the Illumina ecosystem and progress against our strategy," said Jacob Thaysen, Chief Executive Officer of Illumina. "Demand for NovaSeq X is increasing as we help our clinical customers expand into new application areas. With our strong first quarter performance, we are raising our full-year revenue and EPS guidance."
Illumina also raised its full-year 2026 outlook and now expects revenue between $4.52 billion and $4.62 billion, a $20 million increase at the midpoint compared to prior guidance. Adjusted earnings in the range of $5.15 to $5.30 per share, compared to prior guidance of $5.05 to $5.20.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.