Gilead Sciences Updates 2026 EPS Guidance to Loss Amid Q1 Beat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy GILD?
Source: seekingalpha
- EPS Guidance Cut: Gilead Sciences has drastically revised its 2026 non-GAAP EPS guidance from a profit of $8.45-$8.85 to a loss of $1.05-$1.65, primarily due to $11.5 billion in IPR&D charges and financing costs, which has negatively impacted market confidence.
- Sales Forecast Increased: Despite the EPS downgrade, Gilead projects full-year product sales of $30 billion to $30.4 billion, up from a prior estimate of $29.6 billion to $30 billion, indicating ongoing growth potential in its HIV and oncology treatment sectors.
- Significant HIV Growth: In Q1, Gilead's HIV franchise saw approximately a 10% year-over-year sales increase to around $5 billion, with Biktarvy alone generating about $3.4 billion, further solidifying its leadership in the antiviral market.
- Cash Flow Decline: As of March 31, 2026, Gilead's cash, cash equivalents, and marketable securities totaled $8.6 billion, down from $10.6 billion on December 31, 2025, reflecting financial pressure from acquisitions and R&D investments.
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Analyst Views on GILD
Wall Street analysts forecast GILD stock price to rise
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 134.060
Low
105.00
Averages
137.88
High
154.00
Current: 134.060
Low
105.00
Averages
137.88
High
154.00
About GILD
Gilead Sciences, Inc. is a biopharmaceutical company. It is engaged in advancing medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, cancer, and inflammation. It is focused on discovering, developing, and delivering medicines to address unmet medical needs in virology, oncology, and other therapeutic areas. Its portfolio of marketed products includes AmBisome, Atripla, Biktarvy, Cayston, Complera, Descovy, Descovy for PrEP, Emtriva, Epclusa, Eviplera, Genvoya, Harvoni, Hepcludex, Hepsera, Jyseleca, Letairis, Livdelzi/Lyvdelzi, Odefsey, Sovaldi, Stribild, Sunlenca, Tecartus, Trodelvy, Truvada for PrEP, and others. It also sells and distributes authorized generic versions of Epclusa and Harvoni in the United States through its subsidiary, Asegua Therapeutics LLC. It has control on anitocabtagene autoleucel (anito cel), an investigational BCMA-directed CAR T cell therapy for multiple myeloma. It operates in over 35 countries worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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