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Illumina Reports Financial Results for Second Quarter of Fiscal Year 2025
IlluminaIllumina(US:ILMN) Prnewswire·2025-08-01 04:05

(b) Revenue for Q2 2024 included intercompany revenue of 9millionpriortothespinoffofGRAIL.NonGAAPgrossmarginremainedflatprimarilyduetohigherfreightanddutiescostsrelatedtotariffsandan(c)increaseinfieldservicecosts,partiallyoffsetbylowerstrategicpartnershiprevenue,thatislowermargin,andamorefavorableproductmix.ThedecreaseinGAAPgrossmarginwasprimarilyduetoa9 million prior to the spin-off of GRAIL. Non-GAAP gross margin remained flat primarily due to higher freight and duties costs related to tariffs and an (c) increase in field service costs, partially offset by lower strategic partnership revenue, that is lower margin, and a more favorable product mix. The decrease in GAAP gross margin was primarily due to a 23 million impairment of an acquired intangible asset. SAN DIEGO, July 31, 2025 /PRNewswire/ ...