Illumina logged higher profit and revenue in the fourth quarter, and raised its outlook for the current year.
The medical specialties company reported a fourth-quarter net income of $334 million, or $2.16 a share, compared with earnings of $187 million, or $1.17 per share, a year earlier.
Adjusted earnings came in at $1.35. Analysts polled by FactSet had forecast adjusted earnings of $1.24 a share.
Revenue grew 5% to $1.16 billion, beating the $1.12 billion expected by analysts, according to FactSet.
During the fourth quarter, Illumina said it completed its acquisition of SomaLogic, expanding the company's multiomics portfolio and strengthening its position in scalable, NGS-enabled proteomics.
For 2026, Illumina anticipates adjusted earnings of $5.05 to $5.20 a share, including 18 cents in dilution from the SomaLogic acquisition. The company expects revenue of $4.5 billion to $4.6 billion.
Analysts polled by FactSet forecast adjusted earnings of $5.06 a share on revenue of $4.41 billion in 2026.
Free cash flow from operations minus capital expenditures was $267 million in the quarter, down from $322 million in the prior year period.
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