Gilead Sciences earnings date and guidance
Gilead Sciences expects its next results on October 29, 2026. Watch whether Yeztugo is becoming a repeat business.
What has Gilead Sciences guided for the year?
Gilead’s weighted path is a 15% loss by October 2027 and a 1% gain by October 2029, hinging on durable HIV cash flow and returns from new products and acquisitions. Management guides to 2026 product sales of $30,100–$30,400 million. It expects HIV sales growth of 9%–10% and Yeztugo sales of $1,000 million. Guidance also carries diluted loss per share of $3.75–$3.40 against illustrative non-GAAP diluted EPS of $8.50–$8.85.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Product sales | Year to Dec 2026 | 30,100 | 30,400 | Aug 4, 2026 |
| Diluted loss per share | Year to Dec 2026 | -3.75 | -3.40 | Aug 4, 2026 |
| HIV sales growth | Year to Dec 2026 | 9.0% | 10.0% | Aug 4, 2026 |
| Yeztugo sales | Year to Dec 2026 | 1,000 | 1,000 | Aug 4, 2026 |
| Illustrative non-GAAP diluted EPS | Year to Dec 2026 | 8.50 | 8.85 | Aug 4, 2026 |
What trend do Gilead Sciences' recent results show?
Revenue reached $7,803 million, compared with $7,082 million a year earlier. Reported growth was 10.2%, but $156 million came from recognizing previously constrained intellectual-property sale revenue. Excluding that item, revenue was $7,647 million and growth was 8.0%. The accounting release concerned an earlier transaction, not new Biktarvy, Trodelvy or Yeztugo demand.
The reported net loss was $10,496 million. Acquired research included approximately $7,000 million for one program and $3,100 million for another. A third acquired program added approximately $1,900 million. An $860 million Lakefront reimbursement reduced acquired-research expense rather than appearing as revenue. Trodelvy also suffered a further $1,750 million impairment. These items explain why adjusted EPS remained negative at $6.75, even though management illustrated approximately $2.27 after excluding the acquisitions and other non-recurring items.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,803 | 6,960 | 7,925 | 7,769 | 7,082 | 6,667 | 7,569 | 7,545 |
| Gross margin | 79.8% | 79.2% | 79.5% | 79.8% | 78.8% | 76.9% | 79.1% | 79.1% |
| Operating income | -10,394 | 2,586 | 1,984 | 3,327 | 2,474 | 2,237 | 2,451 | 888 |
| Net income | -10,496 | 2,021 | 2,183 | 3,052 | 1,960 | 1,315 | 1,783 | 1,253 |
| EPS, diluted | -8.45 | 1.61 | 1.74 | 2.43 | 1.56 | 1.04 | 1.42 | 1.00 |
| = Free cash flow | 3,433 | 2,427 | 3,121 | 3,961 | 720 | 1,653 | 2,828 | 4,168 |
What should Gilead Sciences watchers look for next?
The next quarterly report should test Yeztugo’s progress toward its annual target and show whether cell-therapy sales are stabilizing. Operating cash generation and debt reduction matter just as much as reported earnings.