secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001110803-23-000085
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Illumina Q3 GAAP loss $4.77/sh on $821M GRAIL impairment; cuts FY2023 guidance
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- Revenue $1.12B flat YoY; GAAP diluted loss per share $(4.77) includes $821M GRAIL goodwill impairment.
- Non-GAAP diluted EPS $0.33 vs $0.34 YoY; core Illumina revenue guided down 3-4% for FY2023.
- Shipped 97 NovaSeq X instruments in Q3; FY2023 placement target raised to 330-340 units.
- New CEO Jacob Thaysen started Sept 25; board special committee formed for GRAIL divestiture process.
- FY2023 non-GAAP diluted EPS guidance lowered to $0.60-$0.70 from prior $0.75-$0.90 (implied).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080323000085/0001110803-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080323000085/ilmn-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001110803-23-000085

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