Gilead Reports Higher-Than-Expected Q1 Profit and Raises 2026 Sales Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
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Should l Buy GILD?
Source: Newsfilter
- Sales Outlook Raised: Gilead increased its 2026 sales forecast for the HIV prevention drug Yeztugo from $800 million to $1 billion, with Q1 sales reaching $166 million, surpassing Wall Street's $143 million estimate, indicating strong market demand and growth potential.
- Overall Sales Projection Upgraded: The company raised its overall 2026 sales outlook by $400 million to a range of $30 billion to $30.4 billion, reflecting confidence in future product lines despite facing financial costs related to acquisitions.
- Earnings Forecast Adjustment: Gilead now expects an adjusted loss for the year of $1.05 to $0.65 per share, down from a previous profit estimate of $8.45 to $8.85 per share, primarily due to costs associated with acquiring Arcellx and others, highlighting short-term financial pressure from its acquisition strategy.
- Strong Quarterly Performance: In Q1, Gilead reported adjusted earnings per share of $2.03, exceeding analyst expectations of $1.91, with revenue rising 4% to $6.96 billion, demonstrating robust growth across all business areas, as noted by the CEO's emphasis on demand-driven growth.
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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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