Illumina Q1 2020 Earnings Report

Reported financial results for the first quarter of fiscal year 2020.

Key Takeaways

Illumina's first quarter 2020 revenue increased by 2% to $859 million compared to $846 million in the first quarter of 2019. GAAP net income attributable to Illumina stockholders was $173 million, or $1.17 per diluted share, compared to $233 million, or $1.57 per diluted share, for the first quarter of 2019. Non-GAAP net income attributable to Illumina stockholders was $243 million, or $1.64 per diluted share, compared to $237 million, or $1.60 per diluted share, for the first quarter of 2019.

Revenue of $859 million, a 2% increase compared to the first quarter of 2019.

GAAP net income attributable to Illumina stockholders for the quarter of $173 million, or $1.17 per diluted share.

Non-GAAP net income attributable to Illumina stockholders for the quarter of $243 million, or $1.64 per diluted share.

Free cash flow of $241 million for the quarter compared to $142 million in the first quarter of 2019.