Earnings summaries and quarterly performance for GILEAD SCIENCES.
Executive leadership at GILEAD SCIENCES.
Daniel P. O’Day
Detailed
Chairman and Chief Executive Officer
CEO
AD
Andrew D. Dickinson
Detailed
Chief Financial Officer
DH
Deborah H. Telman
Detailed
Executive Vice President, Corporate Affairs and General Counsel
DB
Dietmar Berger
Detailed
Chief Medical Officer
EB
Erin Burkhart
Detailed
Senior Vice President, Controllership and Principal Accounting Officer
JM
Johanna Mercier
Detailed
Chief Commercial Officer
Board of directors at 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, ARGX +13 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
RBC Capital Markets
5 questions for GILD
Also covers: ACAD, ATAI, BCRX +19 more
Daina Graybosch
Leerink Partners
5 questions for GILD
Also covers: AFMD, BNTX, CGEN +6 more
Geoff Meacham
Citigroup Inc.
5 questions for GILD
Also covers: ABBV, AMGN, AMLX +12 more
Michael Yee
Jefferies
5 questions for GILD
Also covers: ABBV, ALLO, AMGN +19 more
CL
Carter L. Gould
Barclays
4 questions for GILD
Also covers: ABBV, ALEC, AMGN +8 more
CS
Christopher Schott
JPMorgan Chase & Co.
4 questions for GILD
Also covers: ABBV, AMGN, AMRX +15 more
Mohit Bansal
Wells Fargo & Company
4 questions for GILD
Also covers: ABBV, AMGN, BMRN +16 more
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, AMRX +11 more
LC
Louise Chen
Cantor Fitzgerald
2 questions for GILD
Also covers: AMGN, ARDX, CNTB +18 more
Matthew Biegler
Oppenheimer & Co. Inc.
2 questions for GILD
Also covers: ALLO, ARVN, CTMX +2 more
Salveen Richter
Goldman Sachs
2 questions for GILD
Also covers: ACAD, AGIO, ALLO +21 more
TA
Tazeen Ahmad
Bank of America
2 questions for GILD
Also covers: ACAD, ALNY, APLS +23 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
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
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 outlines 2026 guidance and strategic pipeline updates at TD Cowen conference
GILD
Guidance Update
Product Launch
M&A
- 2026 guidance: Gilead expects mid-single-digit base business growth of 4–5%, with an additional ~2% headwind from ACA/MFN reversals (ex-impact would be ~6–7%); HIV treatment is targeted to grow 6% year-over-year, while HIV prevention PrEP is guided at $800 million (up from $150 million in 2025); four new product launches are anticipated in 2026.
- Biktarvy remains the HIV standard of care, with lifecycle management driving future growth via a bictegravir/lenacapavir (BIC/LEN) launch in H2 2026 and a weekly oral islatravir/lenacapavir combo expected in 2027, plus ambitions for every-6-month dosing.
- Yeztugo injectable PrEP (Q6M) achieved >90% payer access and secured a J-code in October, underpinning the $800 million revenue guidance; uptake is set to build steadily, supported by a new DTC campaign and increasing buy-and-bill adoption.
- Arcellx acquisition: Gilead agreed to acquire the remaining shares of Arcellx after FDA acceptance of its anito-cel BLA, positioning the company for a late-2026 launch in fourth-line multiple myeloma and supporting second-line expansion via the iMMagine-3 trial.
- Seladelpar (Livdelzi) for PBC, launched in August 2024, saw Q4 2025 momentum bolstered by Ocaliva’s market withdrawal; the IDEAL study readout in H2 2026 could expand the label to include UDCA incomplete responders.
3 days ago
Gilead Sciences outlines 2026 guidance and commercial updates
GILD
Guidance Update
Product Launch
M&A
- Gilead issued 2026 guidance projecting mid-single-digit 4-5% base business growth, with 6% HIV franchise growth and a ~2% ACA/MFN headwind (ex-headwind growth ~8%).
- The HIV treatment franchise led by Biktarvy remains the standard of care, with lifecycle management including bic/len launch in H2 2026 and a potential Q6M islatravir/lamivudine regimen in 2027.
- HIV prevention is set to expand via Descovy (guidance of $800 million vs. $150 million volume in 2025) and the Yes2Go injectable PrEP, supported by >90% access and a broad DTC campaign.
- In oncology, Gilead will acquire Arcellx following FDA BLA acceptance, gaining full rights to anito-cel ahead of a late-2026 fourth-line multiple myeloma launch; Trodelvy is also poised for first-line TNBC approval post-ASCENT-03/04 data.
- The inflammation portfolio, anchored by seladelpar (launched Aug 2024), exited 2025 at $600 million ARR, with the IDEAL Phase 3 study readout in H2 2026 expected to double the PBC addressable population.
3 days ago
Gilead updates 2026 guidance and pipeline strategy
GILD
Guidance Update
Product Launch
M&A
- Gilead issued 2026 guidance of 4–5% base business growth (ex-ACA/MFN +2 pp), 6% HIV revenue growth, $800 M Descovy guidance and a 10% decline in cell therapy sales with anito-cel set to launch in 2027
- Biktarvy remains the standard of care in HIV treatment, with bic/len planned for H2 2026 and a weekly islatravir/lamivudine regimen expected in 2027, progressing toward Q6M–Q12M dosing options
- The long-acting PrEP injectable achieved >90% access with a J-code in October, poised for steady, durable growth driven by field support and a new DTC campaign; Descovy share climbed to mid-40s after plan coverage and pricing improvements
- Announced acquisition of Arcellx following FDA BLA acceptance to secure 100% rights to anito-cel in multiple myeloma, enabling an anticipated end-2026 launch
3 days ago
Gilead Sciences reports positive phase 3 trial for bictegravir-lenacapavir pill
GILD
Product Launch
- A Lancet phase 3 trial found a once-daily bictegravir/lenacapavir tablet maintained viral suppression in 96% of long-term HIV patients, with no new resistance and fewer lipid side effects.
- ARTISTRY-1 and ARTISTRY-2 phase 3 studies confirmed the regimen is well tolerated and comparable to existing therapies, and Gilead plans to engage regulators for approval.
- The Yeztugo injectable lenacapavir showed near-perfect prevention efficacy (100% in PURPOSE1; 99.9% in PURPOSE2), prompting early trial stops and rapid commercial uptake.
- These clinical successes drove Gilead’s stock to multi-year highs and underscored its $182.5 billion market cap as it pivots toward ultra-long-acting HIV prevention.
Feb 25, 2026, 8:38 PM
Gilead announces Phase 3 trial results for bictegravir/lenacapavir regimen
GILD
- Gilead presented Phase 3 ARTISTRY-1 and ARTISTRY-2 data at CROI 2026 showing that the investigational once-daily single-tablet regimen of bictegravir 75 mg/lenacapavir 50 mg maintained virologic suppression in people with HIV switching therapy, with no new safety concerns identified.
- In ARTISTRY-1, BIC/LEN was noninferior to complex multi-tablet regimens at Week 48, with 0.8% vs 1.1% of participants having HIV-1 RNA ≥50 copies/mL, plus improved fasting lipids (–15 mg/dL vs +2 mg/dL) and a 7-point increase in treatment satisfaction.
- ARTISTRY-2 showed BIC/LEN was noninferior to BIKTARVY at Week 48, with 1.3% vs 1.0% of participants ≥50 copies/mL, stable CD4 counts, no capsid mutations, and similar drug-related adverse event rates (10.4% vs 12.0%).
- Gilead plans to leverage these results to support regulatory filings for the novel BIC/LEN combination.
Feb 25, 2026, 6:44 PM
LEO Pharma reports 2025 financial results
GILD
Earnings
Product Launch
Guidance Update
- LEO Pharma’s revenue rose 10% at constant exchange rates (8% in DKK) to DKK 13,499 million in 2025.
- Adjusted EBITDA more than doubled to DKK 2,107 million, delivering a 16% margin versus 7% in 2024.
- Net profit turned positive at DKK 2,489 million and free cash flow improved to DKK 1,875 million.
- Portfolio expanded with the launch of Anzupgo® in the U.S. and the addition of Spevigo®, backed by new strategic partnerships.
Feb 18, 2026, 8:00 AM
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.
Feb 10, 2026, 10:03 PM
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.
Feb 10, 2026, 9:30 PM
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.
Feb 10, 2026, 9:30 PM
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
Feb 10, 2026, 9:30 PM
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