Illumina's Strategic Shift: A Deep Dive into 2024 Results and 2025 Guidance

As Illumina, Inc. (NASDAQ: ILMN) wraps up its fiscal year 2024, the company has provided preliminary unaudited financial results and guidance for 2025, sparking a strategic review to drive growth and improve operational efficiency. Let's delve into the key takeaways from these results and the strategic implications for the coming year.



2024 Preliminary Unaudited Financial Results: A Mixed Bag

Illumina's 2024 preliminary results paint a mixed picture. Revenue growth slowed to 1% year-over-year, with a 2% decline on a constant currency basis. This slowdown in revenue growth, coupled with a decrease in GAAP operating margin, suggests that the company's strategies may need a refresh to drive top-line growth and maintain profitability.