
ILMN stock's 43.7% 2026 rally is fueled by strong sequencing demand, NovaSeq X momentum and progress toward higher growth and profitability.
Illumina, Inc. is an American company. Incorporated on April 1, 1998, Illumina develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. The company provides a line of products and services that serves the sequencing, genotyping and gene expression, and proteomics markets. Its headquarters are located in San Diego, California.
| Revenue (TTM) | $4.39B |
| Gross Profit (TTM) | $3.00B |
| EBITDA | $1.16B |
| Operating Margin | 18.30% |
| Return on Equity | 33.80% |
| Return on Assets | 8.68% |
| Revenue/Share (TTM) | $28.62 |
| Book Value | $17.61 |
| Price-to-Book | 10.67 |
| Price-to-Sales (TTM) | 6.47 |
| EV/Revenue | 6.81 |
| EV/EBITDA | 20.92 |
| Quarterly Earnings Growth (YoY) | 6.10% |
| Quarterly Revenue Growth (YoY) | 4.80% |
| Shares Outstanding | $151.30M |
| Float | $148.03M |
| % Insiders | 0.20% |
| % Institutions | 106.27% |
Volatility is currently expanding

ILMN stock's 43.7% 2026 rally is fueled by strong sequencing demand, NovaSeq X momentum and progress toward higher growth and profitability.

Illumina commands 90%+ market share in genomics sequencing, powering a $30B+ TAM growing at double digits with a robust razor-and-blades model. Post-GRAIL, management's renewed focus on core sequencing, cost control, and capital return is driving revenue recovery, margin expansion, and free cash flow. NovaSeq X placements and consumables pull-through are key near-term catalysts; 65%+ of consumables revenue is clinical, supporting high margins and recurring cash flows.

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New leaders bring extensive leadership experience across life sciences, diagnostics, and medical technology SAN DIEGO, July 9, 2026 /PRNewswire/ -- Illumina, Inc. (NASDAQ: ILMN) today announced the appointment of Mike Sullivan as Chief Commercial Officer, effective July 20, 2026, and Julie Coletti as Chief Legal Officer, effective August 3, 2026. The appointments add experienced leaders to Illumina's Executive Leadership Team as the company continues advancing its strategy, serving customers, driving growth, and delivering on its mission to improve human health around the world.

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Illumina builds on strong NovaSeq X demand and clinical sequencing momentum, but China weakness and cost pressures keep challenges in focus.

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