Illumina, Inc. (NASDAQ:ILMN) Q3 2023 Earnings Call Transcript

So those three components are really what are impacting the gross margin component. And in the operating margin side, I think we obviously are getting some of the benefits of the cost action that we saw, but we did have some movement of R&D specific timing investments that moved from Q3 into Q4. So that is taking up our Q4 operating expense a little bit compared to what we had in Q3.

Operator: Thank you. And that does conclude our question-and-answer session. I will now hand the call back over to Jacob Thaysen for closing remarks.

Jacob Thaysen: Thank you, everyone. As we finish the year and move into 2024, I want to reiterate the great foundation that we have here, both in the infrastructure that we have built and in the significant markets that we serve. It is clear to me that there’s a tremendous opportunity to create value for our customers and our partners worldwide, and of course for our shareholders. Thank you again. We’re looking forward to see you at upcoming conferences and other events. Thank you.

Operator: Thank you. That does conclude today’s conference. We do thank you for your participation. Have an excellent day.