Research memoGilead Sciences, Inc. (GILD) · NASDAQMemo of October 13, 2026

Gilead Sciences earnings date and guidance

Gilead Sciences expects its next results on October 29, 2026. Watch whether Yeztugo is becoming a repeat business.

October 29, 2026
Next results
7,803
Revenue, quarter to Jun 2026 (US$ millions)
-8.45
EPS, diluted, quarter to Jun 2026
Read the full Gilead Sciences memoYour first report is free · no card
Every number traced to Gilead Sciences's filings8 chapters · 16,739 words282 sources cited

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.

Revenue by quarter (US$ millions)7,545Sep 20247,569Dec 20246,667Mar 20257,082Jun 20257,769Sep 20257,925Dec 20256,960Mar 20267,803Jun 2026Revenue
Guidance in forceUS$ millions
Period guidedLowHighDate given
Product salesYear to Dec 202630,10030,400Aug 4, 2026
Diluted loss per shareYear to Dec 2026-3.75-3.40Aug 4, 2026
HIV sales growthYear to Dec 20269.0%10.0%Aug 4, 2026
Yeztugo salesYear to Dec 20261,0001,000Aug 4, 2026
Illustrative non-GAAP diluted EPSYear to Dec 20268.508.85Aug 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.

The last eight quartersUS$ millions
Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7,8036,9607,9257,7697,0826,6677,5697,545
Gross margin79.8%79.2%79.5%79.8%78.8%76.9%79.1%79.1%
Operating income-10,3942,5861,9843,3272,4742,2372,451888
Net income-10,4962,0212,1833,0521,9601,3151,7831,253
EPS, diluted-8.451.611.742.431.561.041.421.00
= Free cash flow3,4332,4273,1213,9617201,6532,8284,168

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.

From the full memo · 1. The business

Gilead Sciences sells medicines for HIV, liver disease, cancer and serious infections. Its dollar begins with a medicine shipment or treatment and ends, after discounts and costs, as cash retained by the business.

Continue reading, free
Your first report is free · no card

Where these numbers come from

More on Gilead Sciences

Gilead Sciences stock forecastGilead Sciences dividend

Its rivals

Merck (MRK)Bristol Myers Squibb (BMY)Pfizer (PFE)AbbVie (ABBV)

Browse

All stocksS&P 500 companiesCompanies G
The full Gilead Sciences memoYour first report is free
Read it