Illumina GAAP EPS of $0.57 beats by $0.21, revenue of $1.16B misses by $60M, cuts FY22 guidance

Aug. 11, 2022 4:06 PM ETIllumina, Inc. (ILMN)By: Gaurav Batavia, SA News Editor15 Comments
  • Illumina press release (NASDAQ:ILMN): Q2 GAAP EPS of $0.57 beats by $0.21.
  • Revenue of $1.16B (+3.2% Y/Y) misses by $60M.
  • Shares -10%.
  • Expect full year revenue for fiscal year 2022 to grow 4% to 5% from fiscal year 2021 from prior outlook of 14% to 16% vs. 15.05% consensus, primarily reflecting the ongoing negative impact of foreign exchange rates, customer lab expansion delays, and macroeconomic-driven conservatism around immediate capital and inventory commitments, including in Greater China.
  • Expect GAAP diluted loss per share of $(2.93) to $(2.78) for fiscal year 2022.
  • Expect non-GAAP diluted earnings per share of $2.75 to $2.90 for fiscal year 2022 from prior outlook of $4.00 to $4.20 vs. $4.13 consensus.

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