Company data sheet · Illumina
Illumina: three lost years, and the economy wasn't the reason.
- Industry
- Laboratory Analytical Instruments Manufacturing
- Headquarters
- United States
- Ticker
- ILMN (Nasdaq)
- Sources
- SEC filings (2000–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to three straight losses. Illumina earned $2.4 billion in 2019–2022. Then it lost money every year from fiscal 2023 to 2024: $6.8 billion in all. 2025 was its first profit in four years: $0.8 billion.
- It wasn't the cycle. The losses began in fiscal 2023 (mostly calendar 2022), a year the US economy grew 2.4% and factories added jobs. When a company falls while its economy grows, look inside the company first.
- Leaders came and went. Illumina filed 41 leadership changes since 2016, more than 95% of large manufacturers (the median is 19). The day after each, its shares moved a median 0.1 points against its sector. The news was rarely news.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $2.2 billion | $0.5 billion | |
| 2017 | $2.4 billion | $0.5 billion | |
| 2017 | $2.8 billion | $0.7 billion | |
| 2018 | $3.3 billion | $0.8 billion | |
| 2019 | $3.5 billion | $1 billion | |
| 2021 | $3.2 billion | $0.7 billion | |
| 2022 | $4.5 billion | $0.8 billion | |
| 2023 | $4.6 billion | −$4.4 billion | |
| 2023 | $4.5 billion | −$1.2 billion | |
| 2024 | $4.4 billion | −$1.2 billion | |
| 2025 | $4.3 billion | $0.8 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 64 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (46 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 953 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.