earnings
confidence high
sentiment negative
materiality 0.80
Illumina Q2 core revenue $1.09B (-6% YoY); lowers FY2024 guidance
ILLUMINA, INC.
2024-Q2 EPS reported
-$13.28
revenue$2,188,000,000
- Core Illumina Q2 revenue $1.09B, down 6% YoY and 6% constant currency; up 3% from Q1.
- Core Illumina GAAP EPS $0.41; non-GAAP EPS $1.09; non-GAAP operating margin 22.2%.
- Lowered FY2024 core revenue guidance to decline 2-3% (constant currency down 1.5-2.5%).
- Raised FY2024 non-GAAP operating margin guidance to 20.5-21%; non-GAAP EPS guidance $3.80-$3.95.
- Consolidated GAAP net loss $1.988B includes $1.886B goodwill impairment on GRAIL; GRAIL spin-off completed June 24.