Illumina (ILMN) Stock Falls After Q3 Results Lift Guidance
Illumina just released its Q3 2026 report and the market reacted sharply. The stock fell 18.6% today to about US$236, even though the company posted Basic EPS of US$1.46 and net income from continuing operations of US$220 million for the quarter. Traders focused on the valuation concern following a rich 39.9x trailing P/E. The fundamentals presented a more measured picture. Margins stayed healthy, guidance for full year revenue and earnings moved higher, and free cash flow remained solid. The...
Illumina just released its Q3 2026 report and the market reacted sharply. The stock fell 18.6% today to about US$236, even though the company posted Basic EPS of US$1.46 and net income from continuing operations of US$220 million for the quarter. Traders focused on the valuation concern following a rich 39.9x trailing P/E. The fundamentals presented a more measured picture. Margins stayed healthy, guidance for full year revenue and earnings moved higher, and free cash flow remained solid. The...
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