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Illumina10-Q: Spinoff

Illumina managing complex financial obligations from GRAIL spinoff through 2033.

What happened

The company is managing contingent value rights from the GRAIL spinoff, involving quarterly payments based on a percentage of GRAIL's revenue. This ongoing disentanglement creates administrative and financial reporting complexity, potentially requiring specialized software or services to manage revenue tracking and royalty payments.

Source

SEC EDGARJul 31, 2026

Quarterly report (Form 10-Q)

Illumina 10-Q

Filing excerpt

As of June 28, 2026, the fair value of our contingent consideration liability related to GRAIL was $40 million, of which $39 million was included in other long-term liabilities.

sec.gov/Archives/edgar/data/1110803/000111080326000160/ilmn-20260628.htmRead the full source

Other signals in this filing (8)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Spinoff

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
06/28
Filed
Jul 31, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$40M (fair value of contingent consideration liability related to GRAIL)
Percent
2.5% (payment right on the first $1 billion of GRAIL revenue each year)

Details

CIK
1110803
Accession number
0001110803-26-000160
Timeframe
Current year
Filing year
2026
Fiscal year
0
Why it matters
New entity needs vendors
Signal category
Strategic

Extraction

Confidence
High
Relevance
80%
Sentiment
Neutral
Detected
Aug 4, 2026
signal_type
sec-10q
signal_subtype
spinoff

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/fece6ab8-07de-4e98-8504-4254adc0a552 returns this record as JSON. POST /v1/companies/enrich returns every signal for illumina.com.

{
  "signal_id": "fece6ab8-07de-4e98-8504-4254adc0a552",
  "signal_type": "sec-10q",
  "signal_subtype": "spinoff",
  "detected_at": "2026-08-04T07:05:46.713+00:00",
  "company": {
    "name": "Illumina",
    "domain": "illumina.com"
  },
  "data": {
    "detail": "The company is managing contingent value rights from the GRAIL spinoff, involving quarterly payments based on a percentage of GRAIL's revenue. This ongoing disentanglement creates administrative and financial reporting complexity, potentially requiring specialized software or services to manage revenue tracking and royalty payments.",
    "metrics": {
      "pct": 0.025,
      "timeframe": "current_year",
      "pct_context": "payment right on the first $1 billion of GRAIL revenue each year",
      "dollar_context": "fair value of contingent consideration liability related to GRAIL",
      "dollar_millions": 40
    },
    "summary": "Illumina managing complex financial obligations from GRAIL spinoff through 2033.",
    "excerpts": "As of June 28, 2026, the fair value of our contingent consideration liability related to GRAIL was $40 million, of which $39 million was included in other long-term liabilities.",
    "relevance": 0.8,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1110803/000111080326000160/ilmn-20260628.htm",
    "filing_date": "2026-07-31",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/28",
    "sales_relevance": "New entity needs vendors",
    "signal_category": "strategic"
  }
}

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