secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001110803-25-000044
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Illumina Q1 core rev $1.04B (-1% YoY) but cuts FY2025 guidance on tariffs & China
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080325000044/0001110803-25-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080325000044/ilmn-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001110803-25-000044

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