Illumina (ILMN) expects adjusted EPS of approximately $4.50 for FY25

Biotechnology company Illumina, Inc. (NASDAQ: ILMN) has issued fresh earnings guidance for fiscal 2025, to reflect tariff-related challenges to export.

• The company said it expects fiscal year 2025 adjusted earnings to be approximately $4.50 per share
• The guidance came in response to a notice from the China Ministry of Commerce, restricting the export of sequencing instruments into China
• The biotech firm remains focused on achieving high-single-digit revenue growth by 2027 while expanding margins
• Illumina will continue expanding its multiomics portfolio with new roadmap technologies spanning genomics, spatial, single cell, and methylation, as well as a new multimodal data analysis platform
• The company will also continue investing in its services, data, and software offerings that support its core sequencing and multiomics businesses
• The company is instituting an incremental approximately $100 million cost reduction program for fiscal 2025
• The cost reduction program includes optimizing stock-based compensation and non-labor spending and accelerating certain productivity measures