Illumina (ILMN) benefits from CMS reimbursement of $2,989.55 for its TruSight Oncology test, expected to boost genomic profiling adoption. This positive momentum aligns with analysts projecting earnings growth, indicating potential upside as the company prepares for its next earnings report on February 5, 2026.
ILMN reports Q3 earnings of $1.34, exceeding consensus expectations of $1.17. Revenue of $1.084 billion beats forecasts, showing strong clinical market performance. Fiscal 2025 earnings guidance raised to $4.65-$4.75 per share, above consensus. New operating margin estimates increased to between 22.75% and 23% for 2025. Evercore ISI raises ILMN price target from $132 to $142, maintaining Outperform rating.