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SEGMENT INFORMATION
6 Months Ended
Jun. 29, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION
10. SEGMENT INFORMATION
As of June 29, 2025, we have one reportable segment, Core Illumina. Prior to the Spin-Off of GRAIL, on June 24, 2024, our reportable segments included both Core Illumina and GRAIL. We continue to disclose certain historical information for GRAIL prior to the Spin-Off. Segment information is consistent with how our Chief Operating Decision Maker (CODM), who is our Chief Executive Officer, reviews financial information, makes operating decisions, allocates resources, and assesses performance. We also consider the way budgets and forecasts are prepared and reviewed and the basis on which executive compensation is determined.
Core Illumina: Core Illumina’s products and services serve customers in the research, clinical and applied markets, and enable the adoption of a variety of genomic solutions. Core Illumina sells products and provides services to GRAIL, and vice versa, in accordance with contractual agreements between the entities.
GRAIL: GRAIL is a healthcare company focused on early detection of multiple cancers. Prior to the Spin-Off of GRAIL into a separate, independent public company, GRAIL was required to be held and operated separately and independently from Illumina pursuant to the transitional measures ordered by the European Commission.
Our CODM allocates resources and evaluates business performance based on revenues and net income (loss). Net income (loss) is used in the annual budgeting and monthly forecasting processes and to monitor and assess budgeted/forecasted versus actual results. Our CODM does not evaluate segments using asset information.
The following tables present selected financial information with respect to segments for the periods presented:
In millionsQ2 2025Q2 2024YTD 2025YTD 2024
Core Illumina:
Revenue (1)
$1,059 $1,092 $2,100 $2,148 
Less:
Cost of revenue364 349 722 712 
Research and development247 241 499 479 
Selling and marketing146 165 311 318 
General and administrative88 (105)190 78 
Goodwill and intangible impairment
 —  
Core Illumina income from operations214 442 378 558 
GRAIL:
Revenue
 29  55 
Total operating expenses (2)
 2,107  2,360 
Consolidated other income (expense), net
92 (339)110 (337)
Consolidated provision for income taxes
71 12 122 28 
Intersegment eliminations
 (1) (2)
Consolidated net income (loss)
$235 $(1,988)$366 $(2,114)
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(1)Core Illumina revenue included intercompany revenue of $9 million and $15 million in Q2 2024 and YTD 2024.
(2)GRAIL operating expenses are inclusive of cost of revenue, research and development, selling and marketing, general and administrative, and goodwill and intangible impairment for the comparative period prior to the Spin-Off on June 24, 2024.
 In millionsQ2 2025Q2 2024YTD 2025YTD 2024
Depreciation and amortization:
Core Illumina$68 $69 $137 $137 
GRAIL 36  76 
Consolidated depreciation and amortization$68 $105 $137 $213