Analyst Consensus ?
ConsensusBuy58 ratings
Bullish3967.3%
Neutral1831.0%
Bearish11.7%
Gilead Sciences, Inc. · GILD · FY2026 Q3 · Calendar Q4 2026
Gilead posts strong Q3 growth and raises base-business guidance
Gilead’s Q3 analysis supports a constructive operating picture: base-business growth accelerated, HIV and oncology remained key drivers, and management raised 2026 base-business sales guidance. The counterweights are CMS pricing exposure, inventory normalization, higher spending, and clinical or regulatory uncertainty.
Reported After market closeNASDAQHealthcare
$205.35B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.55
Consensus $2.19
EPS surprise
+16.4%
Reported versus consensus
Reported revenue
$8.30B
Consensus $7.81B
Revenue surprise
+6.3%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+3.1%
Event window
SPY move
-1.8%
Same window
Abnormal move
+4.8%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
GILDSPY benchmark
Ask FN2 about GILD FY2026 Q3
Transcript, numbers and history already loaded
Why did GILD rise 3.1% after beating EPS estimates in FY2026 Q3?What changed in GILD's guidance and outlook in FY2026 Q3?Give me the bull and bear case for GILD after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management highlighted 16% year-over-year base-business sales growth, 53% U.S. market share for Biktarvy, 50% PrEP share for Yeztugo and Descovy, and a $2 billion annual run-rate for Trodelvy. It also raised 2026 base-business sales guidance to $30.7 billion-$31.0 billion and disclosed a potential $1.5 billion Biktarvy revenue impact in 2028 from the CMS price.
Guidance delta
Raised: 2026 base-business sales are now expected at $30.7 billion-$31.0 billion.
Key takeaways
- Base-business sales grew 16% year over year, described as the strongest growth in over a decade.
- HIV performance included 53% U.S. market share for Biktarvy and 50% PrEP share for Yeztugo and Descovy.
- Trodelvy reached a $2 billion annual run-rate and received European first-line approval.
- Pipeline milestones include anito-cel, once-weekly oral lenacapavir PrEP, and Livdelzi and Trodelvy updates.
Management priorities
- Expand HIV treatment and prevention products.
- Scale Trodelvy in oncology and advance combination and geographic opportunities.
- Prepare anito-cel for a December 2026 launch and advance oral PrEP programs.
- Develop Livdelzi, next-generation ADCs, and other pipeline programs.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$170.68Current
$54Low
$123.24Average
$185High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 30, 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 |
|---|---|---|---|---|
| B of A Securities | Buy | Buy | Maintain | Oct 20, 2026 |
| 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 |
| 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 $170.68. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Akash Tewari | $185 | $157.19 | +8.4% | Oct 23, 2026 |
| Raymond James | Analyst unavailable | $164 | $151.17 | -3.9% | Oct 12, 2026 |
| RBC Capital | Brian Abrahams | $126 | $145.64 | -26.2% | Oct 8, 2026 |
| Truist Financial | Analyst unavailable | $158 | $147.53 | -7.4% | Oct 7, 2026 |
| HSBC | Morten Herholdt | $175 | $145.65 | +2.5% | Sep 10, 2026 |
| Truist Financial | Analyst unavailable | $150 | $132.76 | -12.1% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $123 | $135.25 | -27.9% | Aug 5, 2026 |
| Barclays | Analyst unavailable | $145 | $134.32 | -15.0% | Jul 29, 2026 |
| Morgan Stanley | Analyst unavailable | $165 | $131.23 | -3.3% | Jul 27, 2026 |
| Leerink Partners | Daina Graybosch | $127 | $133.21 | -25.6% | Jul 20, 2026 |
| Morgan Stanley | Analyst unavailable | $166 | $136.36 | -2.7% | Jul 8, 2026 |
| RBC Capital | Brian Abrahams | $120 | $129.61 | -29.7% | Jul 7, 2026 |
| HSBC | Rajesh Kumar | $155 | $131.27 | -9.2% | Jul 6, 2026 |
| RBC Capital | Brian Abrahams | $122 | $134.43 | -28.5% | Jun 1, 2026 |
| Maxim Group | Michael Okunewitch | $165 | $130.55 | -3.3% | May 20, 2026 |
| Morgan Stanley | Analyst unavailable | $168 | $131.33 | -1.6% | May 10, 2026 |
| Truist Financial | Analyst unavailable | $157 | $132.02 | -8.0% | May 8, 2026 |
| Morgan Stanley | Analyst unavailable | $175 | $140.34 | +2.5% | Apr 10, 2026 |
| Truist Financial | Gregory Renza | $155 | $141.54 | -9.2% | Apr 8, 2026 |
| Jefferies | Akash Tewari | $180 | $146.94 | +5.5% | Mar 10, 2026 |
| Barclays | Analyst unavailable | $155 | $151.12 | -9.2% | Feb 19, 2026 |
| Mizuho Securities | Analyst unavailable | $170 | $152.74 | -0.4% | Feb 19, 2026 |
| UBS | Analyst unavailable | $175 | $155.27 | +2.5% | Feb 18, 2026 |
| Scotiabank | Louise Chen | $177 | $155.29 | +3.7% | Feb 11, 2026 |
| Bernstein | Courtney Breen | $160 | $155.45 | -6.3% | Feb 11, 2026 |
| Morgan Stanley | Analyst unavailable | $171 | $155.72 | +0.2% | Feb 11, 2026 |
| Truist Financial | Analyst unavailable | $162 | $155.86 | -5.1% | Feb 11, 2026 |
| Truist Financial | Analyst unavailable | $152 | $154.69 | -10.9% | Feb 11, 2026 |
| Oppenheimer | Analyst unavailable | $165 | $153.46 | -3.3% | Feb 11, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $155 | $147.23 | -9.2% | Feb 11, 2026 |
| Needham | Joseph Stringer | $170 | $154.09 | -0.4% | Feb 11, 2026 |
| Robert W. Baird | Analyst unavailable | $145 | $153.89 | -15.0% | Feb 11, 2026 |
| BMO Capital | Evan Seigerman | $160 | $147.23 | -6.3% | Feb 11, 2026 |
| Wells Fargo | Mohit Bansal | $165 | $147.23 | -3.3% | Feb 11, 2026 |
| Truist Financial | Analyst unavailable | $145 | $139.23 | -15.0% | Jan 27, 2026 |
| BMO Capital | Evan David Seigerman | $150 | $137.01 | -12.1% | Jan 26, 2026 |
| UBS | Analyst unavailable | $155 | $136.16 | -9.2% | Jan 26, 2026 |
| Morgan Stanley | Analyst unavailable | $150 | $122.25 | -12.1% | Jan 13, 2026 |
| UBS | Michael Yee | $145 | $121.36 | -15.0% | Jan 7, 2026 |
| Bernstein | Courtney Breen | $135 | $124.56 | -20.9% | Dec 29, 2025 |
| Wolfe Research | Alexandria Hammond | $150 | $120.41 | -12.1% | Dec 15, 2025 |
| Morgan Stanley | Analyst unavailable | $151 | $123.21 | -11.5% | Dec 12, 2025 |
| HSBC | Analyst unavailable | $133 | $119.36 | -22.1% | Dec 10, 2025 |
| BMO Capital | Evan David Seigerman | $135 | $127.57 | -20.9% | Nov 25, 2025 |
| Truist Financial | Gregory Renza | $140 | $127.91 | -18.0% | Nov 24, 2025 |
| Mizuho Securities | Analyst unavailable | $140 | $124.99 | -18.0% | Nov 20, 2025 |
| Morgan Stanley | Terence Flynn | $147 | $118.52 | -13.9% | Oct 31, 2025 |
| RBC Capital | Analyst unavailable | $105 | $118.44 | -38.5% | Oct 31, 2025 |
| Wells Fargo | Analyst unavailable | $145 | $118.44 | -15.0% | Oct 31, 2025 |
| Cantor Fitzgerald | Carter Gould | $135 | $118.25 | -20.9% | Oct 9, 2025 |
| Wells Fargo | Analyst unavailable | $140 | $112.69 | -18.0% | Oct 6, 2025 |
| Deutsche Bank | James Shin | $135 | $118.83 | -20.9% | Aug 11, 2025 |
| Robert W. Baird | Brian Skorney | $108 | $119.41 | -36.7% | Aug 8, 2025 |
| Morgan Stanley | Terence Flynn | $143 | $119.41 | -16.2% | Aug 8, 2025 |
| Leerink Partners | David Risinger | $114 | $112.09 | -33.2% | Jul 14, 2025 |
| Morgan Stanley | Terence Flynn | $135 | $108 | -20.9% | Jun 18, 2025 |
| Cantor Fitzgerald | Carter Gould | $125 | $105.51 | -26.8% | Apr 22, 2025 |
| Morgan Stanley | Terence Flynn | $130 | $114.43 | -23.8% | Mar 11, 2025 |
| Johnson Rice | Analyst unavailable | $126 | $115.44 | -26.2% | Mar 5, 2025 |
| Oppenheimer | Analyst unavailable | $132 | $114.74 | -22.7% | Mar 4, 2025 |
| RBC Capital | Brian Abrahams | $83 | $90.63 | -51.4% | Jan 7, 2025 |
| Piper Sandler | Joseph Catanzaro | $105 | $90.09 | -38.5% | Nov 7, 2024 |
| BMO Capital | Evan David Seigerman | $94 | $86.11 | -44.9% | Oct 21, 2024 |
| Leerink Partners | Andrew Berens | $96 | $86.72 | -43.8% | Oct 21, 2024 |
| Morgan Stanley | Terence Flynn | $84 | $87.07 | -50.8% | Oct 18, 2024 |
| Jefferies | Michael Yee | $95 | $83.76 | -44.3% | Sep 23, 2024 |
| Goldman Sachs | Salveen Richter | $71 | $82.85 | -58.4% | Sep 12, 2024 |
| Morgan Stanley | Terence Flynn | $79 | $82.63 | -53.7% | Sep 12, 2024 |
| Piper Sandler | Joseph Catanzaro | $95 | $79.93 | -44.3% | Sep 11, 2024 |
| Truist Financial | Asthika Goonewardene | $83 | $74.14 | -51.4% | Aug 14, 2024 |
| BMO Capital | Evan David Seigerman | $85 | $75.59 | -50.2% | Aug 9, 2024 |
| RBC Capital | Brian Abrahams | $72 | $75.59 | -57.8% | Aug 9, 2024 |
| Raymond James | Steven Seedhouse | $93 | $67.76 | -45.5% | Jul 8, 2024 |
| Jefferies | Michael Yee | $85 | $71.24 | -50.2% | Jun 24, 2024 |
| Robert W. Baird | Brian Skorney | $80 | $69.21 | -53.1% | Jun 20, 2024 |
| Mizuho Securities | Salim Syed | $90 | $64.52 | -47.3% | Jun 17, 2024 |
| RBC Capital | Brian Abrahams | $74 | $64.68 | -56.6% | Jun 14, 2024 |
| BMO Capital | Evan David Seigerman | $80 | $67.9 | -53.1% | May 20, 2024 |
| HSBC | Morten Herholdt | $69 | $67.08 | -59.6% | Apr 24, 2024 |
| RBC Capital | Brian Abrahams | $76 | $73.53 | -55.5% | Feb 14, 2024 |
| RBC Capital | Brian Abrahams | $84 | $75.9 | -50.8% | Sep 27, 2023 |
| Bank of America Securities | Geoff Meacham | $95 | $75.92 | -44.3% | Sep 8, 2023 |
| Leerink Partners | Analyst unavailable | $91 | $84.64 | -46.7% | Feb 3, 2023 |
| Piper Sandler | Analyst unavailable | $112 | $81.39 | -34.4% | Feb 3, 2023 |
| Wells Fargo | Analyst unavailable | $90 | $85.46 | -47.3% | Jan 3, 2023 |
| Morgan Stanley | Analyst unavailable | $81 | $88.34 | -52.5% | Dec 1, 2022 |
| Barclays | Carter Gould | $76 | $79.27 | -55.5% | Oct 31, 2022 |
| Truist Financial | Robyn Karnauskas | $91 | $70.2 | -46.7% | Oct 28, 2022 |
| Robert W. Baird | Brian Skorney | $69 | $79.27 | -59.6% | Oct 28, 2022 |
| Truist Financial | Analyst unavailable | $76 | $64.82 | -55.5% | Sep 15, 2022 |
| Wells Fargo | Analyst unavailable | $74 | $66.19 | -56.6% | Sep 13, 2022 |
| Morgan Stanley | Analyst unavailable | $65 | $62.3 | -61.9% | Jul 15, 2022 |
| Leerink Partners | David Risinger | $68 | $64.04 | -60.2% | May 23, 2022 |
| Piper Sandler | Do Kim | $69 | $63.18 | -59.6% | May 17, 2022 |
| BMO Capital | Analyst unavailable | $63 | $59.54 | -63.1% | Apr 29, 2022 |
| Piper Sandler | Analyst unavailable | $73 | $60.04 | -57.2% | Apr 29, 2022 |
| Piper Sandler | Do Kim | $71 | $60.82 | -58.4% | Apr 6, 2022 |
| Wells Fargo | Mohit Bansal | $63 | $59.45 | -63.1% | Mar 31, 2022 |
| Jefferies | Michael Yee | $80 | $59.5 | -53.1% | Mar 1, 2022 |
| UBS | Colin Bristow | $54 | $59.85 | -68.4% | Feb 24, 2022 |
| Morgan Stanley | Matthew Harrison | $69 | $59.85 | -59.6% | Feb 24, 2022 |
| Mizuho Securities | Salim Syed | $75 | $63.7 | -56.1% | Feb 8, 2022 |
| Atlantic Equities | Steve Chesney | $62 | $63.1 | -63.7% | Feb 4, 2022 |
| Maxim Group | Jason McCarthy | $84 | $64.57 | -50.8% | Feb 3, 2022 |
| Oppenheimer | Hartaj Singh | $90 | $64.57 | -47.3% | Feb 3, 2022 |
| Argus Research | David Toung | $75 | $67.99 | -56.1% | Jan 28, 2022 |
| Goldman Sachs | Salveen Richter | $80 | $67.94 | -53.1% | Dec 6, 2021 |
| Wedbush | Robert Driscoll | $67 | $67.14 | -60.7% | Nov 19, 2021 |
| J.P. Morgan | Cory Kasimov | $74 | $61.14 | -56.6% | 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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| BTSG BrightSpring Health Services, Inc. Common Stock | FY2026 Q3 · Calendar Q4 2026 | — | +9.7% | BrightSpring posts broad Q3 growth while IRA pressure persists |
| ABBV AbbVie Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +1.2% | AbbVie Q3 2026: Guidance Raised as Immunology Drives Growth |
| BTSGU BrightSpring Health Services, Inc. Tangible Equity Unit | FY2026 Q3 · Calendar Q4 2026 | — | +9.9% | BrightSpring Q3: Pharmacy Growth Offsets IRA Pressure |
| REGN Regeneron Pharmaceuticals, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +12.3% | Regeneron: Core Brands Grow as Pipeline Milestones Advance |
| RMD ResMed Inc. | FY2027 Q1 · Calendar Q4 2026 | +8.2% | -9.1% | ResMed reaffirms FY27 outlook as products and digital health support growth |
| ILMN Illumina, Inc. | FY2026 Q3 · Calendar Q4 2026 | +19.1% | -16.8% | Illumina raises FY2026 outlook as clinical sequencing demand holds up |
Latest beats and misses
Who reports nextBeat on EPS
- WYFY2026 Q3 · October 29, 2026+128.3% EPS+3.0% move
- LNTFY2026 Q3 · October 29, 2026+16.0% EPS+1.4% move
- MTZFY2026 Q3 · October 29, 2026+0.3% EPS+0.8% move
- ERIEFY2026 Q3 · October 29, 2026+2.1% EPS+5.3% move
- IRFY2026 Q3 · October 29, 2026+18.5% EPS+0.2% move
- VLTOFY2026 Q3 · October 29, 2026+8.3% EPS+9.8% move
Missed on EPS
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
- AMZNFY2026 Q3 · October 29, 2026-4.1% EPS-1.6% move
- SYKFY2026 Q3 · October 29, 2026-0.8% EPS-5.0% move
- DLR-PJFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLRFY2026 Q3 · October 29, 2026-8.4% EPS-3.0% move
Get the GILD recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-10-30T14:06:39.849029+00:00
- FN2 earnings calendar · 2026-10-30T01:23:13.979536+00:00
- Polygon adjusted daily market bars · 2026-10-30T22:10:44.020236+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-30T22:10:44.017655+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 2026-10-30. For educational purposes only; not investment advice.