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GILDGilead Sciences, Inc.
$166.89$207.2B
Overview & Tools
OverviewChart Terminal ↗AnalysisVisualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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GILD logo

Gilead Sciences, Inc.

GILD
NASDAQ · Vaccines & Infectious Disease
$166.89
At close - Nov 6, 4:00 PM EST - USD
Market Cap$207.21B
P/E-54.0x
52W High$176.58
Volume5.66M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Gilead's Strong Cash Recovery Versus Leverage and Impairment Risk

Gilead's top line has re-accelerated, with revenue growing 6.8% year over year to $8.3B in Q3 2026 after a weak first half of 2025, and gross margin expanding from 76.9% in Q1 2025 to 81.1%, supported by its high-margin HIV franchise.

GrowthMixed
ProfitabilityModerate
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

GILD price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-254% Peers

P/E is 254% below peer median

03

Market leadership

RS 86 · Leader

High momentum (Outperforming 86% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Jan 29
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue grew 6.8% to $8.3B in Q3 2026 with a 41.7% operating margin, though the Q2 2026 impairment-driven loss of $10.5B warrants continued scrutiny of earnings quality.

Analyst Consensus-0.9% target
Buy(58 analysts)
38 Buy19 Hold1 Sell

The Bull Case

Upside Catalysts

Strong Product Pipeline

Gilead is expected to launch four new products in 2026, including anito-cel CAR T-cell therapy with a 96% response rate, awaiting FDA approval.

Robust HIV Franchise

Gilead's HIV business, led by treatments like Biktarvy, remains a significant revenue driver, with lenacapavir receiving funding for expanded access.

Strategic Acquisitions

The acquisition of Arcellx enhances Gilead's oncology pipeline, indicating a strategic shift beyond its traditional HIV focus.

The Bear Case

Key Downside Risks

Integration Risks

Recent large acquisitions may complicate integration, risking financial performance and investor confidence.

Uncertain Pipeline Success

The success of new products like Yeztugo and anito-cel is not guaranteed, and any sales shortfall could compress stock prices.

High Debt Levels

Significant investments in acquisitions have led to high debt, raising concerns in a rising interest rate environment.

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
GILD+39.27%
S&P 500 (^GSPC)+7.63%
1-Year Return
GILD+37.88%
S&P 500 (^GSPC)+9.69%
3-Year Return
GILD+117.33%
S&P 500 (^GSPC)+68.06%
5-Year Return
GILD+176.22%
S&P 500 (^GSPC)+56.15%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-54.0x
Forward P/E
N/A
EV/EBITDA100th %ile
154.2x
FCF YieldCash Flow
6.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-54.0x
18.1x
0th· Low
EV/EBITDA
154.2x
11.9x
100th· High
Price/FCF
14.8x
13.0x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$46.96-71.9%
Base (Fair)$97.02-41.9%
Bull$129.66-22.3%
$46.96 Bear$97.02 Base$129.66 Bull
Current Market Price: $166.89
Trades at a 72.0% premium to Base DCF ($97.02)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$29.44B+2.4% YoY
Net income FY25
$8.51B+1672.9% YoY
Free cash flow FY25
$9.46B-8.2% YoY
Operating margin FY25
39.7%+34.0 pts YoY
ROIC (FY25)23.1%
Avg ROIC 5Y14.1%
ROE (TTM)-21.8%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 29, 2026
$2.55+16.4%
vs $2.19
$8.3B+6.3%
vs $7.8B
Q3 2026
Aug 4, 2026
-$6.75+6.9%
vs -$7.25
$7.8B+5.5%
vs $7.4B
Q2 2026
May 7, 2026
$2.03+6.3%
vs $1.91
$7.0B+0.7%
vs $6.9B
Q1 2026
Feb 10, 2026
$1.86+2.8%
vs $1.81
$7.9B+3.1%
vs $7.7B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
24/7 Wall Street·14h ago
Gilead Pays a $3.28 Annual Dividend Despite Negative Earnings. Is It Safe?

A red ink EPS figure usually spells trouble for retirees counting on a payout. Gilead's loss traces back to one strange quarter, and a single cash metric reveals whether the dividend checks are really at risk.

Business Wire·2d ago
Positive Phase 3 IDEAL Study Results Further Support Livdelzi®'s (Seladelpar) Impact on Achieving ALP Normalization Goals in Second-Line Treatment Across a Broad Population of People Living with Primary Biliary Cholangitis (PBC)

FOSTER CITY, Calif.--(BUSINESS WIRE)--Gilead Sciences, Inc. (Nasdaq: GILD) today announced the detailed results from the Phase 3 IDEAL study, which demonstrated that the majority of participants living with PBC and treated with Livdelzi® (seladelpar) achieved the alkaline phosphatase (ALP) normalization composite endpoint defined as a composite of ALP ≤ 1.0× upper limit of normal (ULN) and a ≥ 15% decrease from baseline. ALP is a key marker of disease activity and long-term outcomes in PBC. The.

The Motley Fool·2d ago
Gilead Sciences Has Raised Its Dividend for 11 Straight Years. Here's Why the Streak Looks Safe.

Gilead's HIV therapies generate strong free cash flow. The company is successfully branching out into oncology and anti-inflammatory therapies.

Defense World·2d ago
Ascent Group LLC Sells 7,256 Shares of Gilead Sciences, Inc. $GILD

Ascent Group LLC cut its stake in Gilead Sciences, Inc. (NASDAQ: GILD) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,100 shares of the biopharmaceutical company's stock after selling 7,256 shares during the quarter. Ascent Group LLC's holdings

Filtered for Gilead Sciences, Inc.More Headlines
04

Compare before deciding

Benchmark GILD against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Gilead Sciences, Inc. (GILD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GILD logoGILDGilead Sciences, Inc.Current
$166.89$207.21B-54.052.39%-12.47%-21.84%1.91%
ABBV logoABBVAbbVie Inc.
$291.31$514.68B49.878.57%15.68%—2.26%
BMY logoBMYBristol-Myers Squibb Company
$62.14$126.89B13.80-0.22%18.47%43.84%3.98%
AMGN logoAMGNAmgen Inc.
$460.42$248.49B26.779.92%24.12%85.59%2.05%
BIIB logoBIIBBiogen Inc.
$248.35$36.69B105.481.39%3.38%1.86%—
REGN logoREGNRegeneron Pharmaceuticals, Inc.
$904.35$93.17B19.820.99%28.51%15.07%0.38%

Compare GILD vs Peers

Gilead Sciences, Inc. (GILD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ABBV

Most directly comparable listed peer for GILD.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare GILD against a more recognizable public peer.

Peer Set

Compare Top 5

vs ABBV, BMY, AMGN, BIIB

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

GILD SEC Filings & Documents

Gilead Sciences, Inc. (GILD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 29, 2026·SEC

Material company update

Aug 4, 2026·SEC

Material company update

May 20, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 30, 2026·SEC

FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

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GILD Frequently Asked Questions

Gilead Sciences, Inc. (GILD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Gilead Sciences, Inc.'s revenue?

Gilead Sciences, Inc. (GILD) reported $30.99B in revenue over the trailing twelve months. Revenue was $29.44B in fiscal year 2025. That is 88050% more than the $33.4M of fiscal year 1996.

How fast is Gilead Sciences, Inc. growing?

Gilead Sciences, Inc. (GILD) grew revenue by 6.5% over the trailing twelve months, compared with the twelve months before.

Is GILD profitable?

No. Gilead Sciences, Inc. (GILD) reported a net loss of $3.86B over the trailing twelve months.

Dividend & Returns
Does GILD pay dividends?

Yes. Gilead Sciences, Inc. (GILD) pays a dividend that yields 1.91% at the current price, a moderate yield.

What is GILD's return on equity?

Gilead Sciences, Inc. (GILD) had a return on equity (ROE) of -21.8% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Gilead Sciences, Inc.'s free cash flow?

Gilead Sciences, Inc. (GILD) generated $14.04B in free cash flow over the trailing twelve months.

What if you invested $1,000 in GILD back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →