Illumina, Inc. announced its financial results for the first quarter of fiscal year 2025 on May 8, 2025. The company reported Core Illumina revenue of $1.041 billion, a 3.3% decline year-over-year, but this figure topped Wall Street's expectations. Non-GAAP diluted EPS was $0.97, also beating consensus estimates.
Despite the EPS beat, Illumina lowered its full-year 2025 guidance, now expecting Core Illumina constant currency revenue to decline in the range of 0.5% to 2.5%, translating to reported revenue between $4.23 billion and $4.31 billion. This adjustment primarily reflects the impact of new tariffs on its business, particularly affecting operations in China.
The company's non-GAAP operating margin is now projected to be approximately 22% to 22.5%, with non-GAAP diluted EPS expected in the range of $4.45 to $4.55. Positively, the U.S. Securities and Exchange Commission (SEC) concluded its investigation into Illumina's acquisition of GRAIL on May 9, 2025, removing a significant regulatory overhang for the company.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.