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Gilead Sciences — Feb 11, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000882095-25-000003
Open on SEC.gov ↗
Showing in the filing
Veklury
“$ 1,400”
Period
No period stated
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 16
Potential launch of lenacapavir for HIV PrEP for FY2025
“Summer 2025”
Product sales
“$ 28,200”
Product sales excluding Veklury
“$ 26,800”
Veklury
“$ 1,400”
Diluted EPS
“$ 5.95”
Non-GAAP diluted EPS
“$ 7.70”
Quarterly dividend declared for Q1 FY2025
“$0.79 per share”
Quarterly dividend of common stock for Q1 FY2025
“$0.79 per share”
GAAP projected product gross margin for FY2025
“77.0% - 78.0%”
Non-GAAP projected product gross margin for FY2025
“85.0% - 86.0%”
GAAP projected operating income for FY2025
“$10,200 - $10,700”
Non-GAAP projected operating income for FY2025
“$12,700 - $13,200”
GAAP projected effective tax rate for FY2025
“~ 20%”
Non-GAAP projected effective tax rate for FY2025
“~ 19%”
GAAP projected diluted EPS for FY2025
“$5.95 - $6.35”
Non-GAAP projected diluted EPS for FY2025
“$7.70 - $8.10”
Exhibit 99.1 · the passage around this item
… earlier in the release
Guidance and Outlook For the full-year 2025, Gilead expects: (in millions, except per share amounts) February 11, 2025 Guidance Low End High End Product sales $ 28,200  $ 28,600  Product sales excluding Veklury $ 26,800  $ 27,200  Veklury $ 1,400  $ 1,400  Diluted EPS $ 5.95  $ 6.35  Non-GAAP diluted EPS $ 7.70  $ 8.10  Additional information and a reconciliation between GAAP and non-GAAP financial information for the 2025 guidance is provided in the accompanying tables. The financial guidance is subject to a number of risks and uncertainties. See the Forward-Looking Statements section below. February 11, 2025 5      Key Updates Since Our Last Quarterly Release Virology • Presented new HIV data at the International Congress on Drug Therapy in HIV Infection (“HIV Glasgow 2024”). This included full results from the Phase 3 PURPOSE 2 trial evaluating investigational twice-yearly lenacapavir for HIV prevention among cisgender men and gender-diverse people, with data published in the New England Journal of Medicine . • Additionally at HIV Glasgow 2024, presented new HIV treatment research data from Biktarvy, as well as for investigational regimens with once-daily, once-weekly and twice-yearly dosing frequencies. • Completed the New Drug Application submissions to U.S. Food and Drug Administration (“FDA”), as well as a marketing authorization application and an EU-Medicines for All application to the European Medicines Agency (“
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.