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Dec 31, 2023
Illumina Q4 2023 Earnings Report
Illumina reported financial results for the fourth quarter and fiscal year 2023.
Key Takeaways
Illumina's Q4 2023 revenue reached $1.12 billion, a 4% increase from Q4 2022, driven by NovaSeq X instrument and consumables sales. The company's GAAP diluted loss per share was $(1.11), while non-GAAP diluted earnings per share were $0.14. Illumina is focused on driving top-line growth, operational excellence, and resolving GRAIL.
Revenue for Q4 2023 was $1.12 billion, up 4% from Q4 2022.
GAAP diluted loss per share for Q4 2023 was $(1.11), compared to $(0.89) for Q4 2022.
Non-GAAP diluted earnings per share for Q4 2023 was $0.14, the same as Q4 2022.
Shipped 79 NovaSeq X instruments in Q4 2023.
Forward Guidance
For fiscal year 2024, Core Illumina revenue is expected to be approximately flat compared to fiscal year 2023, with a Core Illumina non-GAAP operating margin of approximately 20%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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