# Illumina Raises Annual Outlook After Third-Quarter Revenue Growth

The sequencing-equipment company reported $1.13 billion in revenue and lifted its adjusted earnings forecast.

By Will Langan | 24X7 News
Published: 2026-10-29T21:02:15.111Z
Updated: 2026-10-29T21:02:15.111Z
Section: Health
Format: News
Canonical: https://24x7news.us/articles/illumina-third-quarter-results-october-29-2026

Illumina reported October 29 third-quarter revenue of $1.13 billion, up 4.2% from a year earlier, and raised its full-year revenue and adjusted earnings outlook.

The company reported GAAP operating profit of $305 million, compared with $227 million a year earlier. GAAP diluted earnings were $1.43 per share.

Its results include tariff-refund accounting. Illumina said it recognized a $79 million reduction in cost of revenue and reduced revenue by $37 million for refunds it expects to credit to customers.

Excluding tariff refunds, revenue was approximately $1.17 billion and adjusted earnings were $1.44 per share. Those adjusted figures are separate from the reported GAAP results.

For 2026, excluding tariff refunds, Illumina now expects revenue of $4.64 billion to $4.66 billion, compared with $4.60 billion to $4.64 billion previously. It raised adjusted earnings guidance to $5.40–$5.45 per share from $5.30–$5.40.

Quarterly operating cash flow reached $419 million, versus $284 million a year earlier. The annual outlook remains a forecast rather than completed results.

Sources:
Illumina — October 29 Results Release: https://www.prnewswire.com/news-releases/illumina-reports-financial-results-for-third-quarter-of-fiscal-year-2026-302923969.html

## Sources
- Illumina — October 29 Results via PR Newswire: https://www.prnewswire.com/news-releases/illumina-reports-financial-results-for-third-quarter-of-fiscal-year-2026-302923969.html