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Apr 04, 2021
Illumina Q1 2021 Earnings Report
Reported record revenue and a strong start to 2021, exceeding expectations.
Key Takeaways
Illumina reported a record revenue of $1,093 million for the first quarter of fiscal year 2021, a 27% increase compared to the prior year period. GAAP net income for the quarter was $147 million, or $1.00 per diluted share, while non-GAAP net income was $278 million, or $1.89 per diluted share.
Revenue of $1,093 million, a 27% increase compared to the prior year period
GAAP net income for the quarter of $147 million, or $1.00 per diluted share, compared to $173 million, or $1.17 per diluted share, for the prior year period
Non-GAAP net income for the quarter of $278 million, or $1.89 per diluted share, compared to $243 million, or $1.64 per diluted share, for the prior year period.
Free cash flow of $240 million for the quarter compared to $241 million in the prior year period
Forward Guidance
For fiscal 2021, the company expects year-over-year revenue growth in the range of 25% to 28%, and now expects GAAP earnings per diluted share of $4.72 to $4.97 and non-GAAP earnings per diluted share of $5.80 to $6.05.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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