Illumina Analysts Slash Their Forecasts Following Q4 Results

Illumina, Inc. ILMN reported better-than-expected results for its fourth quarter on Thursday.

The company posted quarterly earnings of 95 cents per share which beat the analyst consensus estimate of 92 cents per share. The company reported quarterly sales of $1.10 billion which beat the analyst consensus estimate of $1.08 billion.

“The Illumina team delivered fourth quarter revenue that exceeded our expectations, and we made significant progress in 2024 toward our goals to drive customer-centric innovation, margin expansion, and EPS growth,” said Jacob Thaysen, Chief Executive Officer. “For 2025, we will continue our transformation, executing our refreshed strategy that prioritizes a sharp focus on customers and our own operational excellence in order to drive Illumina forward.”

Illumina said it sees FY2025 adjusted earnings of $4.50 to $4.65 per share, versus estimates of $4.13 per share. The company affirmed FY2025 sales guidance of $4.28 billion to $4.40 billion.

Illumina shares fell 8.2% to trade at $112.77 on Friday.

These analysts made changes to their price targets on Illumina following earnings announcement.

• Guggenheim analyst Subbu Nambi maintained Illumina with a Buy and lowered the price target from $170 to $150.
• Canaccord Genuity analyst Kyle Mikson maintained the stock with a Hold and lowered the price target from $145 to $135.

Considering buying ILMN stock? Here’s what analysts think:

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