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Thursday, May 8, 2025

Illumina Cuts Guidance on Threat From Tariffs and China Ban

 


Illumina Inc. cut its full-year adjusted profit guidance for the second time in three months as it grapples with the impact of tariffs and China banning imports of its gene-sequencing machines.

The maker of DNA sequencing machines now expects adjusted earnings of $4.20 per share to $4.30 per share for the fiscal year, it said in a statement. That’s a reduction from its March forecast of $4.50 a share, which was down from the $4.50 per share to $4.65 a share it offered in February.

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