Illumina Q2 Profit Beats Estimate, Stock Near 52-Week High
Illumina beat Q2 earnings estimates with $1.31 per share and 9.4% revenue growth. The stock closed at $247.46, just $2.60 below its yearly peak.
Key points
- Illumina reported Q2 FY2026 earnings of USD 1.31 per share, beating the USD 1.23 consensus estimate.
- Revenue grew 9.4 percent year over year to USD 1.16 billion, supporting a 17.86 percent profit margin.
- The stock closed at USD 247.46 on September 22, 2026, just USD 2.60 below its 52-week high.
Illumina Inc. reported second-quarter fiscal 2026 earnings of USD 1.31 per share on September 23, 2026. This figure exceeded the consensus estimate of USD 1.23. The stock closed at USD 247.46 on Nasdaq on September 22.
The share price rose 3.62 percent from the prior close of USD 238.82. This move placed the stock near its 52-week high of USD 250.06. The company’s market capitalization stood at USD 37.366 billion.
Revenue growth drives quarterly results
Quarterly revenue reached USD 1.16 billion for the period. Sales increased 9.4 percent year over year, according to MarketBeat. Total earnings amounted to USD 207 million with a profit margin of 17.86 percent.
The USD 0.08 per share beat over the estimate provided a concrete earnings reference. This supported the share price movement beyond technical momentum. The revenue growth served as the key operating measure behind the result.
UBS upgrade contrasts with consensus
UBS upgraded Illumina to Buy on September 9, 2026. The bank raised its price target from USD 135 to USD 260. This USD 125 increase placed the target above the September 22 closing price.
The broader analyst picture remained more cautious. MarketBeat reported a consensus Hold rating on September 23, 2026. The average target was USD 199.13, which was 19.5 percent below the closing price.
Valuation sits near yearly peak
The September 22 close was 88.67 percent above the 2026 starting level of USD 131.16. The 52-week range spanned USD 88.00 to USD 250.06. The stock traded only USD 2.60 below its annual high.
Trading volume reached 2,620,880 shares on September 22, slightly above the average of 2,509,347. The next estimated earnings date is October 29, 2026. This timing allows investors to assess further operational performance.
