Illumina lowers Outlook due to China sales ban

Illumina aims to cut $100M in costs following China import ban
Illumina will seek to cut $100 million in expenses by the end of this fiscal year as it plans to deal with a loss of revenue from China, after the country banned the importation of its DN | Illumina also lowered its annual financial forecast,
Illumina to Cut $100 Million in Costs, Lowers Guidance Because of China Sales Ban
Illumina is reducing its forecast for this year’s financial performance and cutting $100 million in spending because China barred sales of the company’s gene-sequencing machines. San Diego ...
Tariff: China bans imports of Illumina’s gene sequencers from US
China on Tuesday announced a ban on imports of genetic sequencers from the US medical equipment maker Illumina a few minutes after US President Donald Trump’s additional 10% tariff on Chinese goods took effect.
Illumina lowers outlook due to China sales ban, to cut $100 million in costs
Illumina on Monday lowered its annual forecast and said it plans to cut $100 million in spending after China announced a ban on imports of its genetic sequencing instruments.
Illumina sees 2025 EPS of $4.50 after China ban, consensus $4.51
Illumina (ILMN) responded to the March 4 notice from the China Ministry of Commerce that the company is not permitted to export sequencing
Illumina lowers guidance, cuts spending to mitigate China ban on its gene sequencers
Illumina lowered its adjusted profit outlook and cut spending cost for 2025 as the company grapples with Chinese ban on its gene sequencers. Read more here.
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Illumina-Grail saga ends with divestment
For its part, the EC fined Illumina a record €432 million for the breach of EU merger control rules. According to the EC, “Illumina strategically weighed up the risk of a gun-jumping fine ...
Wall Street Journal9d
What's Left of Illumina's China Business After Tariff Retaliation: Heard on the Street
Last month Illumina shareholders received a warning shot. In response to President Trump’s initial tariff measures, the Chinese government added the maker of gene-sequencing equipment to its ...
San Diego Union-Tribune10d
Illumina cuts workforce at San Diego headquarters
Gene-sequencing giant Illumina is laying off 96 employees from its San Diego headquarters, according to paperwork filed with the state. This workforce reduction comes at a time when Illumina is ...
Yahoo Finance4d
Illumina, Inc. (ILMN)
Illumina is reducing its forecast for this year’s financial performance and cutting $100 million in spending because China barred sales of the company’s gene-sequencing machines. San Diego ...
Benzinga.com9d
Demystifying Illumina: Insights From 11 Analyst Reviews
11 analysts have expressed a variety of opinions on Illumina ILMN over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments ...
San Diego Union-Tribune9d
China hits Illumina with import ban. What does that mean for the San Diego gene sequencer?
The Chinese government took its economic sanctions against San Diego-based Illumina a step further Tuesday by banning the gene-sequencing company from importing its machines to the country.
Reuters10d
China bans imports of Illumina's gene sequencers right after Trump tariff action
Illumina's shares slid 2.8% to $81.81 in premarket ... Companies added to the list can be subject to fines and a broad range of other sanctions, including a freeze on trade and revocation of ...