Illumina's revenue dropped 25% due to the impact of the COVID-19 pandemic on the company's business in the second quarter (end-June 28).
The firm announced revenue decreased from $838 million in the second quarter of last year to $633 million in this year's second quarter because of pandemic-related disruption in customers' operations, Illumina said.
Similarly, net income under generally accepted accounting principles (GAAP) for the quarter was $47 million, compared with $296 million in the same quarter last year.
On the nonGAAP side, net income was $92 million compared with $200 million for the same quarter in 2019.
