Illumina Q1 2024: Core rev -2% to $1.06B; GAAP loss $0.79; GRAIL divestiture on track

ILLUMINA, INC.

2024-Q1 EPS reported -$0.79 revenue$1,076,000,000

Core Illumina revenue $1.06B, down 2% YoY; GAAP operating margin 11.0%, non-GAAP 20.6%.
GAAP diluted loss per share ($0.79) vs. $0.02 EPS in Q1 2023; non-GAAP EPS $0.09 vs. $0.08.
FY2024 guidance reaffirmed: core revenue approximately flat YoY; non-GAAP operating margin ~20%.
GRAIL divestiture: received European Commission approval; target to finalize terms by end of Q2 2024.
In capital markets divestiture scenario, Illumina to provide GRAIL with ~$1B funding.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ILLUMINA, INC. updated its first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 2, 2024, Illumina, Inc. (the "Company") issued a press release announcing financial results for the first quarter ended March 31, 2024.

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

ILLUMINA, INC. filing history →

Source: SEC EDGAR

accession 0001110803-24-000019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.