Illumina Inc

ILMN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$364.00	Cfhvsg	Jwwqwhqh

Illumina Delivers Weak End to 2022 and Maintains Outlook for 2023; No Fair Value Change

Julie Utterback

Feb 8, 2023

After releasing preliminary 2022 results and 2023 guidance in January, narrow-moat Illumina released full quarterly results that represented a weak end to a miserable year. However, management maintained its guidance for 2023, and we retain our $269 fair value estimate. We still view shares as undervalued.

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