secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001110803-23-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080323000028/0001110803-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080323000028/ilmn-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001110803-23-000028

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