The company said that total revenue across all products and services declined in 2025 in its Greater China region by $65 million, which it primarily attributed to the company's inclusion on the List of Unreliable Entities at the beginning of the year.

1. 01

   The company said that total revenue across all products and services declined in 2025 in its Greater China region by $65 million, which it primarily attributed to the company's inclusion on the List of Unreliable Entities at the beginning of the year.

2. 02

   The company said the decrease in Core Illumina gross margin in 2025 was driven by higher tariff-related costs and a $23 million intangible asset impairment. It cited lower strategic partnership revenue, which carries a lower margin, and a product mix shift toward consumables as offsetting factors.

3. 03

   The company said operating cash flow in 2025 consisted of net income of $850 million, plus net adjustments of $382 million, less net changes in operating assets and liabilities of $153 million. The adjustments included a deduction of $328 million for net gains on investments.

4. 04

   The company said that in 2025 it used cash in financing activities for share repurchases of $742 million and for repayment of its 2025 Term Notes of $500 million, and that it received net proceeds of $495 million from its 2030 Term Notes. Cash and cash equivalents were $1,418 million as of December 28, 2025.

Key figures

Fiscal year ended December 28, 2025

Revenue

$4.3B

Operating income

$807M

Net income

$850M

EPS

$5.45

Gross profit

$2.9B

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.