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GILEAD SCIENCES (GILD)

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Earnings summaries and quarterly performance for GILEAD SCIENCES.

Research analysts who have asked questions during GILEAD SCIENCES earnings calls.

TV

Tyler Van Buren

TD Cowen

7 questions for GILD

Also covers: ADVM, ALLO, ARQT +12 more
CB

Courtney Breen

AllianceBernstein

6 questions for GILD

Also covers: ABBV, AMGN, BMY +4 more
UR

Umer Raffat

Evercore ISI

6 questions for GILD

Also covers: ALKS, AMGN, BHC +15 more
Brian Abrahams

Brian Abrahams

RBC Capital Markets

5 questions for GILD

Also covers: ACAD, ATAI, BCRX +18 more
Daina Graybosch

Daina Graybosch

Leerink Partners

5 questions for GILD

Also covers: AFMD, BNTX, CGEN +6 more
Geoff Meacham

Geoff Meacham

Citigroup Inc.

5 questions for GILD

Also covers: ABBV, AMGN, BMY +9 more
Michael Yee

Michael Yee

Jefferies

5 questions for GILD

Also covers: ABBV, ALLO, AMGN +18 more
CL

Carter L. Gould

Barclays

4 questions for GILD

Also covers: ABBV, ALEC, AMGN +7 more
CS

Christopher Schott

JPMorgan Chase & Co.

4 questions for GILD

Also covers: ABBV, AMGN, AMRX +15 more
Mohit Bansal

Mohit Bansal

Wells Fargo & Company

4 questions for GILD

Also covers: ABBV, AMGN, BMRN +16 more
Terence Flynn

Terence Flynn

Morgan Stanley

4 questions for GILD

Also covers: ABBV, AMGN, ARVN +17 more
ES

Evan Seigerman

BMO Capital Markets

3 questions for GILD

Also covers: ABBV, AMGN, ARVN +15 more
CS

Chris Schott

JPMorgan Chase & Company

2 questions for GILD

Also covers: ABBV, AMGN, BIIB +8 more
LC

Louise Chen

Cantor Fitzgerald

2 questions for GILD

Also covers: AMGN, ARDX, CNTB +17 more
Matthew Biegler

Matthew Biegler

Oppenheimer & Co. Inc.

2 questions for GILD

Also covers: ALLO, ARVN, CTMX +2 more
Salveen Richter

Salveen Richter

Goldman Sachs

2 questions for GILD

Also covers: ACAD, AGIO, ALLO +20 more
TA

Tazeen Ahmad

Bank of America

2 questions for GILD

Also covers: ACAD, ALNY, APLS +22 more
TA

Timothy Anderson

BofA Securities

2 questions for GILD

Also covers: ABBV, AMGN, AZN +10 more
AH

Alexandria Hammond

Wolfe Research

1 question for GILD

Also covers: ABBV, AMGN, BIIB +7 more
C

Chris

Morgan Stanley

1 question for GILD

Also covers: MRNA, REGN, VRTX
EM

Eliana Merle

UBS

1 question for GILD

Also covers: ALNY, APLS, ARVN +17 more
Geoffrey Meacham

Geoffrey Meacham

Citi

1 question for GILD

Also covers: ABBV, BIIB, BMY +6 more
JS

James Shin

Analyst

1 question for GILD

Also covers: ABBV, AMGN, AUTL +7 more
NG

Nicole Germino

Truist Securities

1 question for GILD

Also covers: CRIS, INSM, SGMO +1 more
Sadia

Sadia

Wells Fargo & Company

1 question for GILD

SB

Simon Baker

Redburn Atlantic

1 question for GILD

Also covers: AUTL, AZN, BNTX +5 more

Recent press releases and 8-K filings for GILD.

Gilead Sciences reports strong Q4 and issues 2026 guidance
GILD
Earnings
Guidance Update
  • Gilead ended 2025 with $28.9 billion in product sales and a 6% year-over-year HIV sales increase, driven by Biktarvy’s $4.0 billion and Descovy’s $819 million in Q4.
  • The newly launched HIV-prevention injection Yeztugo posted $96 million in Q4 and is forecast for $800 million in 2026, below some investor expectations.
  • Q4 cash metrics included $10.6 billion in cash and equivalents, $3.3 billion in operating cash flow, $1.0 billion in dividends paid and $230 million in share repurchases.
  • For 2026, Gilead expects $29.6 billion–$30.0 billion in product sales and $8.45–$8.85 in non-GAAP EPS.
  • Upcoming 2026 pipeline milestones span Phase 3 readouts and launches for Trodelvy P3 EVOKE-03, ASCENT-GYN, BIC/LEN, ISL/LEN and anito-cel in 2H26, plus an FDA decision on bulevirtide in 1H26.
3 days ago
Gilead Sciences reports Q4 2025 results and 2026 guidance
GILD
Earnings
Guidance Update
Product Launch
  • Full-year 2025 total product sales were $28.9 billion (up 1% vs. 2024), with base business revenue of $28 billion (+4%), driven by 6% HIV sales growth to $20.8 billion; non-GAAP diluted EPS was $8.15.
  • Q4 2025 product sales reached $7.9 billion (+5% YoY; +7% ex-Veklury), and non-GAAP EPS was $1.86.
  • 2026 guidance: total product sales of $29.6 billion–$30 billion; base business up 4–5%; HIV sales +6% (Yeztugo revenue ~ $800 million); cell therapy revenues down ~ 10%.
  • Pipeline and launches: four planned 2026 commercial launches—Trodelvy in first-line metastatic TNBC, daily oral bictegravir + lenacapavir for HIV, anito-cel in multiple myeloma, and bulevirtide for hepatitis D—and 53 ongoing clinical programs with five pivotal readouts expected in 2026.
4 days ago
Gilead Sciences reports Q4 2025 results
GILD
Earnings
Guidance Update
Product Launch
  • Gilead delivered Q4 total product sales of $7.9 B, up 5% YoY (base business $7.7 B, +7% YoY), driven by HIV ($5.8 B, +6% YoY) and Liver Disease ($844 M, +17% YoY).
  • For FY25, base business sales reached $28.0 B, +4% YoY (+8% ex-Part D redesign), with total product sales of $28.9 B, +1% YoY (+5% ex-Part D redesign).
  • Q4 non-GAAP diluted EPS was $1.86, down 2% YoY, and non-GAAP operating income was $3.09 B, down 1% YoY.
  • FY26 guidance projects total product sales of $29.6–30.0 B and non-GAAP diluted EPS of $8.45–8.85.
  • Key 2026 milestones include Phase 3 updates for ISLEND-1/-2 in 1H26 and multiple FDA decisions—BIC/LEN, ASCENT-03/04, EVOKE-03—in 2H26, supporting future growth.
4 days ago
Gilead Sciences reports Q4 2025 results
GILD
Earnings
Guidance Update
Product Launch
  • Q4 2025 total product sales were $7.9 billion (+5% YoY; ex-Veklury $7.7 billion, +7% YoY), and full-year 2025 sales were $28.9 billion (+1% YoY; base business ex-Veklury $28 billion, +4% YoY)
  • 2025 HIV sales reached $20.8 billion, up 6% YoY (10% YoY ex–Medicare Part D headwind), with Q4 HIV revenue of $5.8 billion, +6% YoY
  • Gilead plans four new commercial launches in 2026 and up to 10 by 2027 across HIV, oncology, and liver disease (e.g., Trodelvy first-line metastatic TNBC, bictegravir + lenacapavir oral combo, Anito-cel, bulevirtide), supported by five Phase III readouts
  • 2026 guidance targets $29.6 – 30 billion in total product sales, $29 – 29.4 billion in base business sales (+4 – 5% YoY), and non-GAAP diluted EPS of $8.45 – 8.85 per share
4 days ago
Gilead Sciences reports Q4 2025 results
GILD
Earnings
Guidance Update
  • FY2025 product sales were $28.9 billion, up 1% YoY; base business revenue was $28 billion, up 4%, after $1.1 billion Part D and $900 million Veklury headwinds.
  • Full-year segment sales: HIV $20.8 billion (+6%), liver $3.2 billion (+6%), Veklury $911 million (–49%).
  • Q4 2025 product sales reached $7.9 billion (+5% YoY; +7% ex-Veklury) and non-GAAP EPS was $1.86 vs $1.90 a year ago.
  • 2026 guidance: total product sales $29.6–30 billion; base business $29–29.4 billion (+4–5%); non-GAAP EPS $8.45–8.85.
  • HIV & prevention outlook: 2026 HIV sales expected +6% (–2% policy headwinds) ; Sunlenca revenue ~$800 million (vs $150 million in 2025) ; Yes2Go revenue ~$800 million.
4 days ago
Gilead Sciences announces Q4 and full‐year 2025 financial results
GILD
Earnings
Guidance Update
Dividends
  • Q4 2025 revenues rose 5% to $7.9 B, with diluted EPS of $1.74 (vs. $1.42 in Q4 2024)
  • Full-year 2025 revenues increased 2% to $29.4 B, delivering diluted EPS of $6.78 (vs. $0.38 in 2024)
  • Product sales excluding Veklury grew 4% to $28.0 B for FY 2025, led by Biktarvy sales up 7% to $14.3 B
  • Generated $3.3 B of operating cash flow in Q4, held $10.6 B in cash and marketable securities at year-end, and returned capital via $1.0 B of dividends and $230 M of share repurchases in Q4 2025
  • For 2026, expects product sales of $29.6–30.0 B, diluted EPS of $6.75–7.15, and non-GAAP EPS of $8.45–8.85
4 days ago
Gilead Sciences reports Q4 and FY 2025 results
GILD
Earnings
Dividends
Share Buyback
  • Q4 2025 revenue rose 5% to $7.9 billion; diluted EPS was $1.74, up from $1.42 in Q4 2024.
  • Full-year 2025 revenue increased 2% to $29.4 billion, with product sales up 1% to $28.9 billion; diluted EPS surged to $6.78 from $0.38 in 2024.
  • Ended 2025 with $10.6 billion in cash and equivalents; Q4 operating cash flow was $3.3 billion, while $1.0 billion was returned in dividends and $230 million in share repurchases.
4 days ago
Gilead Sciences updates Yescarta label for R/R central nervous system lymphoma
GILD
  • The FDA approved an updated prescribing label for Kite’s Yescarta® removing prior limitations of use for relapsed/refractory primary central nervous system lymphoma (PCNSL), making it the only CAR T-cell therapy for R/R large B-cell lymphoma without this restriction.
  • This decision is based on a Phase 1 investigator-sponsored study at Dana-Farber demonstrating a manageable safety profile with no new safety signals in PCNSL patients.
  • In the study of 13 PCNSL patients, neurologic toxicities occurred in 85% (11/13) of patients, with 31% (4/13) experiencing Grade 3 events, reinforcing the expanded label indication.
8 days ago
Gilead Sciences publishes Phase 3 ASCENT-04/KEYNOTE-D19 results for Trodelvy plus Keytruda in first-line PD-L1+ metastatic TNBC
GILD
  • The New England Journal of Medicine published full Phase 3 ASCENT-04/KEYNOTE-D19 data showing Trodelvy (sacituzumab govitecan) plus Keytruda reduced the risk of progression or death by 35% (HR 0.65; p<0.001), with median PFS of 11.2 vs. 7.8 months versus Keytruda plus chemotherapy.
  • The global, randomized study enrolled 443 previously untreated PD-L1+ metastatic TNBC patients (1:1 randomization) and met its primary endpoint of BICR-assessed PFS using RECIST v1.1.
  • Safety was consistent with known profiles: in the Trodelvy-Keytruda arm, the most frequent grade ≥3 treatment-emergent adverse events were neutropenia (43%) and diarrhea (10%), and discontinuations were lower at 12% vs. 31% with Keytruda plus chemotherapy.
  • Based on these results, Gilead has submitted supplemental applications for first-line PD-L1+ metastatic TNBC to the FDA and EMA.
Jan 21, 2026, 10:00 PM
Gilead details pipeline and financial strategy at JPMorgan Healthcare Conference
GILD
Product Launch
Dividends
Share Buyback
  • Gilead’s HIV business grew 7% through Q3 2025 despite a $900 million Medicare Part D headwind; Lenacapavir (Sunlenca) launch achieved over 80% U.S. payer coverage (≈90% $0 copay) and was delivered in sub-Saharan Africa in 2025, while Biktarvy’s patent expiry is now extended to 2033.
  • The company expects up to 10 new medicines or indications by end-2027, with key upcoming milestones including an FDA decision on once-daily Bictegravir/Lenacapavir in H2 2026 and a Phase 1 update on once-every-six-months INSTI GS-3242 this quarter.
  • In oncology, Trodelvy is positioned for a first-line triple-negative breast cancer launch in 2026, and Anito-cel has been filed for fourth-line multiple myeloma with a targeted H2 2026 launch; the iMMagine-3 second-line study may support a 2027 filing.
  • Financial discipline drives a 50% operating margin in Q3 2025 (top quartile of peers); since 2020, Gilead has paid $22 billion in dividends, commits to returning ≥50% of free cash flow annually, and has enacted opportunistic share repurchases.
Jan 12, 2026, 7:15 PM