Illumina raises revenue outlook as quarterly free cash flow increases
Image: Primary Illumina raised its fiscal 2026 revenue guidance to $4.64 billion-$4.66 billion from $4.60 billion-$4.64 billion on October 29. It reported third-quarter operating cash flow of $419 million, compared with $284 million a year earlier, and free cash flow of $378 million, up from $253 million.
Reported quarterly revenue was $1.13 billion, up 4.2%. Expected tariff refunds included a $79 million reduction in cost of revenue and a $37 million reduction in revenue for credits expected to go to customers. The revised annual guidance excludes expected tariff refunds; organic revenue growth guidance remained greater than 4%.
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