---
schema_version: "secwatch.filing_event.v1"
accession: "0001110803-23-000028"
form_type: "8-K"
ticker: "ILMN"
cik: "0001110803"
company_name: "ILLUMINA, INC."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T15:30:15.652750+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Illumina Q1 revenue down 11% YoY to $1.09B; GAAP EPS $0.02 vs $0.55; reiterates FY23 guidance

## Summary
- Revenue $1.087B, down 11% YoY (down 9% constant currency); GAAP diluted EPS $0.02 vs $0.55.
- Non-GAAP diluted EPS $0.08 vs $1.07; non-GAAP operating margin 1.9% vs 17.3%.
- Reiterated FY2023 revenue growth 7-10% and non-GAAP EPS $1.25-$1.50; GAAP loss per share $(0.28)-$(0.03).
- Committed to Core Illumina non-GAAP operating margins of 25% in FY2024 and 27% in FY2025.
- Shipped 67 NovaSeq X instruments in Q1 (exceeded plan); order book >200; plan >$100M annual cost savings.

## SEC filing metadata
- accession: 0001110803-23-000028
- form_type: 8-K
- ticker: ILMN
- cik: 0001110803
- company_name: ILLUMINA, INC.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1110803/000111080323000028/0001110803-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1110803/000111080323000028/ilmn-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001110803-23-000028
- JSON: https://secwatch.observer/filing/0001110803-23-000028.json
- Plain text: https://secwatch.observer/filing/0001110803-23-000028.txt

## Key facts
- Earnings Releases
  ILLUMINA, INC. reported the first quarter ended April 2, 2023 results: revenue $1.09 billion, net income $3, EPS $0.02. Guidance reaffirmed.
  - Period: the first quarter ended April 2, 2023
  - Revenue: $1.09 billion
  - Net income: $3
  - EPS: $0.02
  - Guidance: reaffirmed
  - Result: reported results
  source text: Illumina Reports Financial Results for First Quarter of Fiscal Year 2023; Announces Commitment to Accelerate Margin Growth • Revenue of $1.09 billion for Q1 2023, up 1% from Q4 2022; down 11% from Q1 2022 (down 9% on a constant currency basis) • GAAP diluted EPS of $0.02 for Q1 2023, compared to GAAP diluted EPS of $0.55 for Q1 2022 • Non-GAAP diluted EPS of $0.08 for Q1 2023, compared to non-GAAP diluted EPS of $1.07 for Q1 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1110803/000111080323000028/0001110803-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.