secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001110803-24-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Illumina Q2 core revenue $1.09B (-6% YoY); lowers FY2024 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000042/0001110803-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000042/ilmn-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001110803-24-000042

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