ILMN Illumina (ILMN) Q4 FY25 earnings call
Illumina delivered strong Q4 FY25 results, exceeding expectations with robust clinical consumables growth and significant operating margin expansion. The company's strategic pillars in core sequencing, multiomics, and data/software are gaining traction, exemplified by the SomaLogic acquisition and BioInsight launch. While research markets remain cautious, Illumina is confident in its long-term growth trajectory and progress towards 2027 financial targets.
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ILMN operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| NovaSeq X placements | 91We placed 91 instruments during the quarter, bringing the installed base to 630.Source: earnings call transcript | 60+Our NovaSeq X instruments continue to perform well, exceeding our expectations with another quarter of over 60 placements in Q1, following more than 90 placements in Q4.Source: earnings call transcript | 55+In Q3, we had another strong quarter for the NovaSeq X with more than 55 instruments placed in line with our goal of 50 to 60 placements per quarter.Source: earnings call transcript | 95+Rest of World organic revenue grew 8.1%, above the high end of our guidance and demand for NovaSeq X remained high more than 3 years after launch with more than 95 placements in the quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.