8-K filed Apr 30, 2026
Illumina authorizes $1.5B for stock buybacks
“On April 28, 2026, the Company’s Board of Directors authorized a new share repurchase program for up to $1.5 billion of the Company’s common stock (the “2026 Repurchase Program”).”
From Illumina, Inc.’s 8-K filed Apr 30, 2026 · read the filing · all documents
How big is it?
Illumina bought back $542M of stock in the twelve months to Jun 28, 2026. At that pace, $1.5B covers about 2.8 years of buybacks.
The amount equals 161% of its free cash flow over the same twelve months ($931M).
Its diluted share count is down 2.5% from a year earlier.
An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.
Show as table
| Period | Value |
|---|---|
| Q3 '23 | $0 |
| Q4 '23 | $0 |
| Q1 '24 | $0 |
| Q2 '24 | $0 |
| Q3 '24 | $99M |
| Q4 '24 | $17M |
| Q1 '25 | $200M |
| Q2 '25 | $370M |
| Q3 '25 | $130M |
| Q4 '25 | $42M |
| Q1 '26 | $242M |
| Q2 '26 | $128M |