Analyst Consensus ?
ConsensusBuy58 ratings
Bullish3967.3%
Neutral1831.0%
Bearish11.7%
Gilead Sciences, Inc. · GILD · FY2025 Q1 · Calendar Q2 2025
Gilead Maintains Guidance as HIV and Pipeline Progress Offset Headwinds
The quarter supports a mixed but constructive operating picture: HIV and liver disease demand and pipeline progress provide growth support, while Veklury weakness, policy changes, competition, and launch execution remain material constraints.
Reported After market closeNASDAQHealthcare
$187.44B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.73
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $6.77B
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-2.8%
Event window
SPY move
+0.7%
Same window
Abnormal move
-3.5%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
+4.1%
Up to 20 sessions
GILDSPY benchmark
Ask FN2 about GILD FY2025 Q1
Transcript, numbers and history already loaded
What drove GILD's -2.8% move after FY2025 Q1 earnings?What changed in GILD's guidance and outlook in FY2025 Q1?Give me the bull and bear case for GILD after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, management continued to emphasize HIV and pipeline momentum but highlighted sharper near-term pressure from Veklury decline, Part D redesign, tariffs, and investment in US manufacturing.
Guidance delta
Full-year revenue and EPS guidance was maintained despite Part D, tariff, and competitive concerns.
Key takeaways
- Base-business growth was led by HIV and liver disease products.
- Veklury declined as COVID-19 hospitalizations decreased.
- Lenacapavir, Trodelvy, and cell therapy remain central to the growth story.
- Management continues investing in US manufacturing and future launches.
Management priorities
- Advance the lenacapavir PrEP launch and related regulatory work.
- Progress Trodelvy studies and expand its potential indications.
- Build manufacturing capacity for cell therapy and support pipeline launches.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$151.17Current
$54Low
$122.39Average
$180High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Sector Perform | Sector Perform | Maintain | Oct 8, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Oct 8, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 7, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 7, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 7, 2026 |
| HSBC | Buy | Buy | Maintain | Sep 10, 2026 |
| Needham | Buy | Buy | Maintain | Aug 5, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 29, 2026 |
| Leerink Partners | Market Perform | Outperform | Downgrade | Jul 21, 2026 |
| Maxim Group | Buy | Hold | Upgrade | May 20, 2026 |
| Citigroup | Buy | Buy | Maintain | Apr 13, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Feb 11, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Feb 11, 2026 |
| UBS | Buy | Buy | Maintain | Jan 26, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 23, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 8, 2025 |
| Mizuho | Outperform | Outperform | Maintain | May 5, 2025 |
| Oppenheimer | Outperform | Outperform | Maintain | Apr 25, 2025 |
| B of A Securities | Buy | Buy | Maintain | Mar 5, 2025 |
| Deutsche Bank | Buy | Hold | Upgrade | Feb 18, 2025 |
| Piper Sandler | Overweight | Overweight | Maintain | Feb 12, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Feb 12, 2025 |
| Baird | Neutral | Neutral | Maintain | Feb 12, 2025 |
| Raymond James | Outperform | Market Perform | Upgrade | Jul 8, 2024 |
| Benchmark | Buy | Buy | Maintain | Aug 8, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 6, 2023 |
| SVB Leerink | Market Perform | Market Perform | Maintain | Feb 3, 2023 |
| Argus Research | Buy | Hold | Upgrade | Jan 28, 2022 |
| Bernstein | Outperform | Market Perform | Upgrade | Apr 1, 2021 |
| Redburn Partners | Buy | Neutral | Upgrade | Mar 30, 2021 |
| Redburn | Buy | Neutral | Upgrade | Mar 30, 2021 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 5, 2021 |
| SunTrust Robinson Humphrey | Hold | Sell | Upgrade | May 26, 2020 |
| CFRA | Sell | Sell | Maintain | Apr 29, 2020 |
| DZ Bank | Buy | Hold | Upgrade | Mar 18, 2020 |
| Guggenheim Securities | Neutral | Buy | Downgrade | Jan 21, 2020 |
| Guggenheim | Neutral | Buy | Downgrade | Jan 21, 2020 |
| Longbow Research | Neutral | Buy | Downgrade | Apr 16, 2019 |
| PiperJaffray | Neutral | Overweight | Downgrade | Oct 26, 2018 |
| Argus | Buy | Hold | Upgrade | May 5, 2018 |
| Leerink Swann | Market Perform | Market Perform | Maintain | Feb 7, 2018 |
| Bank of America | Neutral | Neutral | Maintain | Feb 7, 2018 |
| Jefferies | Buy | Hold | Upgrade | Jan 26, 2018 |
| Summit Redstone Partners | Hold | Hold | Maintain | Dec 1, 2016 |
| Stifel Nicolaus | Buy | Buy | Maintain | Nov 14, 2016 |
| Berenberg | Buy | Buy | Maintain | Sep 22, 2016 |
| Gabelli & Co. | Buy | Buy | Maintain | Jun 1, 2016 |
| Standpoint Research | Buy | Buy | Maintain | Feb 3, 2016 |
| Atlantic Equities | Neutral | Neutral | Maintain | Dec 18, 2015 |
| Nomura | Buy | Buy | Maintain | Nov 10, 2014 |
| Edward Jones | Hold | Hold | Maintain | Oct 31, 2014 |
| FBR Capital | Outperform | Outperform | Maintain | Oct 13, 2014 |
| Topeka | Buy | Buy | Maintain | Jun 10, 2014 |
| Topeka Capital | Buy | Buy | Maintain | Jun 9, 2014 |
| Stifel | Buy | Buy | Maintain | Feb 5, 2014 |
| Sterne Agee | Buy | Buy | Maintain | Jun 25, 2013 |
| Blaylock Robert Van | Buy | Buy | Maintain | Apr 8, 2013 |
| Brigantine | Hold | Buy | Downgrade | Feb 8, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $151.17. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Brian Abrahams | $126 | $145.64 | -16.7% | Oct 8, 2026 |
| Truist Financial | Analyst unavailable | $158 | $147.53 | +4.5% | Oct 7, 2026 |
| HSBC | Morten Herholdt | $175 | $145.65 | +15.8% | Sep 10, 2026 |
| Truist Financial | Analyst unavailable | $150 | $132.76 | -0.8% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $123 | $135.25 | -18.6% | Aug 5, 2026 |
| Barclays | Analyst unavailable | $145 | $134.32 | -4.1% | Jul 29, 2026 |
| Morgan Stanley | Analyst unavailable | $165 | $131.23 | +9.1% | Jul 27, 2026 |
| Leerink Partners | Daina Graybosch | $127 | $133.21 | -16.0% | Jul 20, 2026 |
| Morgan Stanley | Analyst unavailable | $166 | $136.36 | +9.8% | Jul 8, 2026 |
| RBC Capital | Brian Abrahams | $120 | $129.61 | -20.6% | Jul 7, 2026 |
| HSBC | Rajesh Kumar | $155 | $131.27 | +2.5% | Jul 6, 2026 |
| RBC Capital | Brian Abrahams | $122 | $134.43 | -19.3% | Jun 1, 2026 |
| Maxim Group | Michael Okunewitch | $165 | $130.55 | +9.1% | May 20, 2026 |
| Morgan Stanley | Analyst unavailable | $168 | $131.33 | +11.1% | May 10, 2026 |
| Truist Financial | Analyst unavailable | $157 | $132.02 | +3.9% | May 8, 2026 |
| Morgan Stanley | Analyst unavailable | $175 | $140.34 | +15.8% | Apr 10, 2026 |
| Truist Financial | Gregory Renza | $155 | $141.54 | +2.5% | Apr 8, 2026 |
| Jefferies | Akash Tewari | $180 | $146.94 | +19.1% | Mar 10, 2026 |
| Barclays | Analyst unavailable | $155 | $151.12 | +2.5% | Feb 19, 2026 |
| Mizuho Securities | Analyst unavailable | $170 | $152.74 | +12.5% | Feb 19, 2026 |
| UBS | Analyst unavailable | $175 | $155.27 | +15.8% | Feb 18, 2026 |
| Scotiabank | Louise Chen | $177 | $155.29 | +17.1% | Feb 11, 2026 |
| Bernstein | Courtney Breen | $160 | $155.45 | +5.8% | Feb 11, 2026 |
| Morgan Stanley | Analyst unavailable | $171 | $155.72 | +13.1% | Feb 11, 2026 |
| Truist Financial | Analyst unavailable | $162 | $155.86 | +7.2% | Feb 11, 2026 |
| Truist Financial | Analyst unavailable | $152 | $154.69 | +0.5% | Feb 11, 2026 |
| Oppenheimer | Analyst unavailable | $165 | $153.46 | +9.1% | Feb 11, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $155 | $147.23 | +2.5% | Feb 11, 2026 |
| Needham | Joseph Stringer | $170 | $154.09 | +12.5% | Feb 11, 2026 |
| Robert W. Baird | Analyst unavailable | $145 | $153.89 | -4.1% | Feb 11, 2026 |
| BMO Capital | Evan Seigerman | $160 | $147.23 | +5.8% | Feb 11, 2026 |
| Wells Fargo | Mohit Bansal | $165 | $147.23 | +9.1% | Feb 11, 2026 |
| Truist Financial | Analyst unavailable | $145 | $139.23 | -4.1% | Jan 27, 2026 |
| BMO Capital | Evan David Seigerman | $150 | $137.01 | -0.8% | Jan 26, 2026 |
| UBS | Analyst unavailable | $155 | $136.16 | +2.5% | Jan 26, 2026 |
| Morgan Stanley | Analyst unavailable | $150 | $122.25 | -0.8% | Jan 13, 2026 |
| UBS | Michael Yee | $145 | $121.36 | -4.1% | Jan 7, 2026 |
| Bernstein | Courtney Breen | $135 | $124.56 | -10.7% | Dec 29, 2025 |
| Wolfe Research | Alexandria Hammond | $150 | $120.41 | -0.8% | Dec 15, 2025 |
| Morgan Stanley | Analyst unavailable | $151 | $123.21 | -0.1% | Dec 12, 2025 |
| HSBC | Analyst unavailable | $133 | $119.36 | -12.0% | Dec 10, 2025 |
| BMO Capital | Evan David Seigerman | $135 | $127.57 | -10.7% | Nov 25, 2025 |
| Truist Financial | Gregory Renza | $140 | $127.91 | -7.4% | Nov 24, 2025 |
| Mizuho Securities | Analyst unavailable | $140 | $124.99 | -7.4% | Nov 20, 2025 |
| Morgan Stanley | Terence Flynn | $147 | $118.52 | -2.8% | Oct 31, 2025 |
| RBC Capital | Analyst unavailable | $105 | $118.44 | -30.5% | Oct 31, 2025 |
| Wells Fargo | Analyst unavailable | $145 | $118.44 | -4.1% | Oct 31, 2025 |
| Cantor Fitzgerald | Carter Gould | $135 | $118.25 | -10.7% | Oct 9, 2025 |
| Wells Fargo | Analyst unavailable | $140 | $112.69 | -7.4% | Oct 6, 2025 |
| Deutsche Bank | James Shin | $135 | $118.83 | -10.7% | Aug 11, 2025 |
| Robert W. Baird | Brian Skorney | $108 | $119.41 | -28.6% | Aug 8, 2025 |
| Morgan Stanley | Terence Flynn | $143 | $119.41 | -5.4% | Aug 8, 2025 |
| Leerink Partners | David Risinger | $114 | $112.09 | -24.6% | Jul 14, 2025 |
| Morgan Stanley | Terence Flynn | $135 | $108 | -10.7% | Jun 18, 2025 |
| Cantor Fitzgerald | Carter Gould | $125 | $105.51 | -17.3% | Apr 22, 2025 |
| Morgan Stanley | Terence Flynn | $130 | $114.43 | -14.0% | Mar 11, 2025 |
| Johnson Rice | Analyst unavailable | $126 | $115.44 | -16.7% | Mar 5, 2025 |
| Oppenheimer | Analyst unavailable | $132 | $114.74 | -12.7% | Mar 4, 2025 |
| RBC Capital | Brian Abrahams | $83 | $90.63 | -45.1% | Jan 7, 2025 |
| Piper Sandler | Joseph Catanzaro | $105 | $90.09 | -30.5% | Nov 7, 2024 |
| BMO Capital | Evan David Seigerman | $94 | $86.11 | -37.8% | Oct 21, 2024 |
| Leerink Partners | Andrew Berens | $96 | $86.72 | -36.5% | Oct 21, 2024 |
| Morgan Stanley | Terence Flynn | $84 | $87.07 | -44.4% | Oct 18, 2024 |
| Jefferies | Michael Yee | $95 | $83.76 | -37.2% | Sep 23, 2024 |
| Goldman Sachs | Salveen Richter | $71 | $82.85 | -53.0% | Sep 12, 2024 |
| Morgan Stanley | Terence Flynn | $79 | $82.63 | -47.7% | Sep 12, 2024 |
| Piper Sandler | Joseph Catanzaro | $95 | $79.93 | -37.2% | Sep 11, 2024 |
| Truist Financial | Asthika Goonewardene | $83 | $74.14 | -45.1% | Aug 14, 2024 |
| BMO Capital | Evan David Seigerman | $85 | $75.59 | -43.8% | Aug 9, 2024 |
| RBC Capital | Brian Abrahams | $72 | $75.59 | -52.4% | Aug 9, 2024 |
| Raymond James | Steven Seedhouse | $93 | $67.76 | -38.5% | Jul 8, 2024 |
| Jefferies | Michael Yee | $85 | $71.24 | -43.8% | Jun 24, 2024 |
| Robert W. Baird | Brian Skorney | $80 | $69.21 | -47.1% | Jun 20, 2024 |
| Mizuho Securities | Salim Syed | $90 | $64.52 | -40.5% | Jun 17, 2024 |
| RBC Capital | Brian Abrahams | $74 | $64.68 | -51.0% | Jun 14, 2024 |
| BMO Capital | Evan David Seigerman | $80 | $67.9 | -47.1% | May 20, 2024 |
| HSBC | Morten Herholdt | $69 | $67.08 | -54.4% | Apr 24, 2024 |
| RBC Capital | Brian Abrahams | $76 | $73.53 | -49.7% | Feb 14, 2024 |
| RBC Capital | Brian Abrahams | $84 | $75.9 | -44.4% | Sep 27, 2023 |
| Bank of America Securities | Geoff Meacham | $95 | $75.92 | -37.2% | Sep 8, 2023 |
| Leerink Partners | Analyst unavailable | $91 | $84.64 | -39.8% | Feb 3, 2023 |
| Piper Sandler | Analyst unavailable | $112 | $81.39 | -25.9% | Feb 3, 2023 |
| Wells Fargo | Analyst unavailable | $90 | $85.46 | -40.5% | Jan 3, 2023 |
| Morgan Stanley | Analyst unavailable | $81 | $88.34 | -46.4% | Dec 1, 2022 |
| Barclays | Carter Gould | $76 | $79.27 | -49.7% | Oct 31, 2022 |
| Truist Financial | Robyn Karnauskas | $91 | $70.2 | -39.8% | Oct 28, 2022 |
| Robert W. Baird | Brian Skorney | $69 | $79.27 | -54.4% | Oct 28, 2022 |
| Truist Financial | Analyst unavailable | $76 | $64.82 | -49.7% | Sep 15, 2022 |
| Wells Fargo | Analyst unavailable | $74 | $66.19 | -51.0% | Sep 13, 2022 |
| Morgan Stanley | Analyst unavailable | $65 | $62.3 | -57.0% | Jul 15, 2022 |
| Leerink Partners | David Risinger | $68 | $64.04 | -55.0% | May 23, 2022 |
| Piper Sandler | Do Kim | $69 | $63.18 | -54.4% | May 17, 2022 |
| BMO Capital | Analyst unavailable | $63 | $59.54 | -58.3% | Apr 29, 2022 |
| Piper Sandler | Analyst unavailable | $73 | $60.04 | -51.7% | Apr 29, 2022 |
| Piper Sandler | Do Kim | $71 | $60.82 | -53.0% | Apr 6, 2022 |
| Wells Fargo | Mohit Bansal | $63 | $59.45 | -58.3% | Mar 31, 2022 |
| Jefferies | Michael Yee | $80 | $59.5 | -47.1% | Mar 1, 2022 |
| UBS | Colin Bristow | $54 | $59.85 | -64.3% | Feb 24, 2022 |
| Morgan Stanley | Matthew Harrison | $69 | $59.85 | -54.4% | Feb 24, 2022 |
| Mizuho Securities | Salim Syed | $75 | $63.7 | -50.4% | Feb 8, 2022 |
| Atlantic Equities | Steve Chesney | $62 | $63.1 | -59.0% | Feb 4, 2022 |
| Maxim Group | Jason McCarthy | $84 | $64.57 | -44.4% | Feb 3, 2022 |
| Oppenheimer | Hartaj Singh | $90 | $64.57 | -40.5% | Feb 3, 2022 |
| Argus Research | David Toung | $75 | $67.99 | -50.4% | Jan 28, 2022 |
| Goldman Sachs | Salveen Richter | $80 | $67.94 | -47.1% | Dec 6, 2021 |
| Wedbush | Robert Driscoll | $67 | $67.14 | -55.7% | Nov 19, 2021 |
| J.P. Morgan | Cory Kasimov | $74 | $61.14 | -51.0% | Apr 29, 2021 |
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Start freeCompany context
Snapshot as of publicationGilead Sciences, Inc. is a global biopharmaceutical enterprise, with operations spanning the United States, Europe, and numerous international markets. Its core mission involves discovering, developing, and commercializing innovative medications to address critical health needs. The company's extensive product portfolio encompasses treatments for a variety of severe conditions. For HIV/AIDS, it supplies key therapies such as Biktarvy, Genvoya, Descovy, Odefsey, Truvada, Complera/Eviplera, Stribild, and Atripla. In response to the 2019 coronavirus pandemic, Gilead provides Veklury, an injectable drug for intravenous administration. Its offerings for liver diseases include Epclusa, Harvoni, Vosevi, Vemlidy, and Viread.…
Historical context
All GILD earningsHealthcare peers this season
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| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
| MDT Medtronic plc | FY2027 Q1 · Calendar Q3 2026 | +4.3% | +1.5% | Medtronic raises FY27 outlook as growth broadens across platforms |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-10T00:01:43.729046+00:00
- Polygon adjusted daily market bars · 2026-10-11T19:30:43.287501+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T19:30:43.284677+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.