Illumina Inc. reported its financial results for the fourth quarter and fiscal year 2024, with core Illumina revenue reaching $1.1 billion for Q4 2024, marking a 1% increase from Q4 2023. For the full fiscal year, revenue totaled $4.3 billion, a decrease of 2% from the previous year. The company's adjusted earnings per share (EPS) for Q4 came in at $0.95, surpassing the consensus estimate of $0.92. Illumina also provided guidance for fiscal year 2025, forecasting an adjusted EPS range of $4.50 to $4.65, which is above the consensus estimate of $4.13. Additionally, the company affirmed its sales guidance for FY2025 at between $4.28 billion and $4.40 billion, compared to the consensus estimate of $4.32 billion. The gross margin for Q4 was reported at 65.9%, with an adjusted gross margin of 67.4%. The GAAP operating margin for Q4 was 15.8%, with adjusted net income at $152 million, net income at $117 million, and EPS at $0.73. Illumina also projects an adjusted operating margin of 23% for FY2025.