earnings
confidence high
sentiment negative
materiality 0.80
Illumina Q1 core rev $1.04B (-1% YoY) but cuts FY2025 guidance on tariffs & China
ILLUMINA, INC.
2025-Q1 EPS reported
$0.82
revenue$1,041,000,000
- GAAP diluted EPS $0.82; non-GAAP $0.97; GAAP op margin 15.8%, non-GAAP 20.4%.
- FY2025 core revenue now seen declining 1-3% constant currency (prior low single-digit growth).
- Non-GAAP EPS guidance cut to $4.20-$4.30 from ~$4.50; tariff costs estimated at $85M (125bps, $0.25 EPS).
- Greater China 2025 revenue expected $165-$185M (Q1 recognition $72M); $100M cost reduction program initiated.
- Q1 free cash flow $208M; $200M in share repurchases during quarter.