secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001110803-24-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000019/0001110803-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000019/ilmn-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001110803-24-000019

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