secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001110803-22-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Illumina Q3 revenue $1.12B (+1% YoY); GAAP EPS -$24.26 on $3.91B GRAIL goodwill impairment
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- GAAP diluted loss per share of $(24.26) vs. income of $2.08 in Q3 2021, driven by $3.91B goodwill impairment for GRAIL segment.
- Non-GAAP diluted EPS of $0.34, down from $1.45; revenue $1.115B, up 1% reported and 3% constant currency.
- Full-year FY2022 guidance: revenue flat to +1% YoY; GAAP EPS loss $(26.56)-$(26.41); non-GAAP EPS $2.35-$2.50.
- 50 NovaSeq X orders received; management expects macro headwinds to continue into 2023.
- Consolidated GRAIL results included; GAAP gross margin 64.3% vs 69.5% YoY; operating margin -327.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080322000045/0001110803-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080322000045/ilmn-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001110803-22-000045

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