Illumina Full Year 2024 Earnings: EPS Misses Expectations

Illumina (NASDAQ:ILMN) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.37b (down 2.9% from FY 2023).
• Net loss: US$1.22b (loss widened by 5.3% from FY 2023).
• US$7.69 loss per share (further deteriorated from US$7.35 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Illumina EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.

The primary driver behind last 12 months revenue was the Core Illumina segment contributing a total revenue of US$4.33b (99% of total revenue). The most substantial expense, totaling US$1.57b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ILMN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 17% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Illumina's balance sheet and an in-depth analysis of the company's financial position.

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