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Illumina: risk summary

Summaries are drawn from public sources and link to them. HSH does not give a risk rating: read the summary and sources and reach your own view. Unproven allegations are labelled as such. Suppliers can submit a response, which is shown alongside.

Financial

Latest full-year results from official filings.

FY2025 revenue $4.34bn (-0.7%); operating margin 18.6%; net income $850.0m.

Cash $1.63bn; debt $1.99bn.

Researched 8 Nov 2026

Adverse media

Credible news about incidents, disputes, legal action or restructuring in the last 24 months.

Feb 2025: China's commerce ministry added Illumina to its Unreliable Entity List; Illumina said it was in talks with the authorities. Jan 2026: Fierce reported Illumina was still working through its China export troubles.

Researched 10 Nov 2026

Cyber & information governance

Data breaches, cyber incidents, regulator action and assurance status.

Jul 2025: Illumina agreed to pay $9.8m to settle a US False Claims Act whistleblower case alleging it sold genomic sequencing systems to federal agencies without adequate product cybersecurity (2016-2023); Illumina denied the allegations and liability. NHS DSPT status not yet checked.

Researched 10 Nov 2026

Regulatory & clinical safety

Recalls, safety notices, regulator action and clinical safety concerns.

No product recalls, FDA/MHRA safety notices or warning letters involving Illumina found in HSH's search of the last 24 months.

Researched 10 Nov 2026

Contract performance

Contract delivery, go-lives, terminations and disputes.

Jun 2025: Genomics England extended Illumina's 2019 whole genome sequencing contract for the NHS Genomic Medicine Service to Mar 2027 (with a buyer break option after Jul 2026), adding £4.67m to cover extra lab and staff costs.

Researched 10 Nov 2026