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Gilead Sciences, Inc.
NASDAQ: GILD Healthcare Pharma 🔎 Screen
S&P 500 Nasdaq 100
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 80 Ready View all →
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$181.8B
Market Cap
18.1
P/E
0.65
PEG
22.9%
ROCE
40.7%
ROE
0.98
D/E
34.0%
OPM
-3.3%
% from 52W High
73
α RS
🔍 GILD is showing a high-conviction setup because it matches 14 of 37 tracked screener presets, Sector RRG has Health Care in the Leading quadrant with the trail still strengthening, and RS Rating is 73. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 14/37 · Health Care in Leading quadrant · RS Rating 73
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🌏 Global Investor Returns
Currency-adjusted total returns for GILD including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding GILD
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 2.15M $300.0M 0.47% Mar 2026
Steve Cohen Point72 Asset Management 8.8K $1.2M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$7.8B
+10% YoY
Operating Margin
-94%
~49% ex-acquisitions
Non-GAAP Diluted EPS
-$6.75
n/m
GAAP Diluted EPS
-$8.45
n/m
What Went Right
  • Total revenues rose 10% YoY to $7.8B on 10% base business growth to $7.6B.
  • HIV sales grew 12% to $5.7B; quarterly PrEP sales exceeded $1B for the first time, with a $4B annual run rate.
  • Trodelvy sales rose 26% to $457M following first-line metastatic TNBC FDA approvals; Livdelzi more than doubled to $167M.
What to Watch
  • Veklury sales fell 81% to $23M on lower COVID hospitalizations, prompting full-year Veklury guidance cut to ~$300M from ~$600M.
  • Cell therapy sales declined 14% YoY to $417M due to competition; full-year cell therapy decline is now expected to be mid-teens.
  • ACA-related insurance coverage changes slowed HIV treatment market growth in Q2 and pressured Biktarvy demand.
Management Guidance
  • Full-year base business sales raised to $29.8B-$30.1B, +6%-7% YoY.
  • Full-year HIV sales growth raised to 9%-10% YoY, up from 8%.
  • Full-year total product sales expected at $30.1B-$30.4B; Yeztugo still targeted at ~$1B.
  • Full-year non-GAAP EPS now -$0.65 to -$0.30; excluding acquisitions, illustrative EPS is $8.50-$8.85.
Investor Lens
The thesis is stronger after this quarter: Gilead delivered broad-based base business growth, raised full-year guidance, and has two imminent launches (BIC/LEN and anito-cel) plus a deep PrEP pipeline. The HIV franchise is diversifying across daily, weekly, twice-yearly, and yearly options, with PrEP already at a $4B run rate. The main offsets remain cell therapy weakness and one-time acquisition-related charges, so investors should focus on underlying ex-acquisition profitability and launch execution into 2027.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Gilead delivers strong Q2: revenue +10%, HIV +12%, guidance raised.
Revenue
Total revenues increased 10% YoY to $7.8B, while base business product sales excluding Veklury were $7.6B, also +10%. HIV sales grew 12% to $5.7B, with PrEP quarterly sales exceeding $1B; Trodelvy was +26% to $457M and Livdelzi more than doubled to $167M, partly offset by cell therapy -14% to $417M.
Profitability
Non-GAAP diluted EPS was -$6.75, reflecting $11.2B of acquired IPR&D charges; excluding acquisitions and non-recurring other revenue, EPS was $2.27, with illustrate EPS up ~13% YoY. GAAP diluted EPS was -$8.45.
Margins
Non-GAAP product gross margin was 87%, flat YoY. Reported operating margin was -94% due to the $11.2B IPR&D charge, but was ~49% excluding acquisitions. R&D was flat at $1.4B and SG&A rose 12% to $1.5B on Yeztugo promotional investment.
Balance Sheet
Cash, equivalents, and marketable debt securities were $3.2B at June 30, 2026, down from $10.6B at year-end 2025. Q2 operating cash flow was $3.6B; H1 cash outflows included $11.3B for acquisitions, $2.8B of debt repayments, $2.1B of dividends, and $774M of buybacks, partially funded by $4.1B of net debt issuance.
Key Risks
Management flagged Veklury's 81% sales decline and halved full-year Veklury expectations. Cell therapy is under competitive pressure, with full-year sales now expected to decline mid-teens. ACA-related insurance coverage losses slowed HIV treatment market growth and temporarily weighed on Biktarvy demand.
Outlook
Full-year base business sales guidance was raised to $29.8B-$30.1B, with HIV growth now seen at 9%-10%. Total product sales are expected at $30.1B-$30.4B and non-GAAP EPS at -$0.65 to -$0.30, before the $8.50-$8.85 illustrative ex-acquisition range.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Base business sales grew 10% year-over-year, led by HIV, oncology, and liver disease. HIV sales rose 12%, with PrEP sales doubling and exceeding $1 billion quarterly. Raised full-year guidance for HIV and total product sales, while integrating major acquisitions and preparing for key product launches.
Q1 2026 Q1 2026 2026-05-07
Q1 2026 saw 8% year-over-year base business growth, led by HIV, oncology, and liver disease. YEZTUGO and TRODELVY outperformed, prompting a $400M increase in 2026 revenue guidance. Multiple acquisitions and regulatory milestones are set to further strengthen the pipeline.
Q4 2025 Q4 2025 2026-02-10
Delivered strong 2025 results with 6% HIV and liver growth, robust HIV prevention momentum, and four major launches planned for 2026. Guidance calls for 4%-5% base business growth, 6% HIV growth, and $800M Sunlenca revenue, with continued shareholder returns and a strong pipeline.
Q3 2025 Q3 2025 2025-10-30
Strong Q3 results driven by HIV and liver portfolios, with Biktarvy, Descovy, and Livdelzi leading growth. Yeztugo launch exceeded expectations, achieving rapid payer coverage. Full-year guidance raised for HIV and total product sales, while cell therapy faces ongoing headwinds.
Q2 2025 Q2 2025 2025-08-07
Second quarter saw strong growth in HIV, oncology, and liver disease, highlighted by the successful launch of YEZTUGO and robust sales of BIKTARVY and DESCOVY. Full-year guidance was raised for revenue and EPS, with continued momentum expected in key therapeutic areas.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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