Gilead Sciences — Feb 10, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000882095-26-000003
Showing in the filing
Product sales excluding Veklury
“$ 29,000”
Period
No period stated
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 15
Product sales
“$ 29,600”
Product sales excluding Veklury
“$ 29,000”
Veklury
“$ 600”
Diluted EPS
“$ 6.75”
Non-GAAP diluted EPS
“$ 8.45”
Quarterly dividend declared for Q1 FY2026
“$0.82 per share”
Quarterly dividend of common stock for Q1 FY2026
“$0.82 per share”
GAAP projected product gross margin for FY2026
“~ 79.0%”
Non-GAAP projected product gross margin for FY2026
“~ 87.0%”
GAAP projected operating income for FY2026
“$11,400 - $11,900”
Non-GAAP projected operating income for FY2026
“$13,800 - $14,300”
GAAP projected effective tax rate for FY2026
“~ 21%”
Non-GAAP projected effective tax rate for FY2026
“~ 20%”
Diluted EPS for FY2026
“$6.75 - $7.15”
Non-GAAP diluted EPS for FY2026
“$8.45 - $8.85”
Exhibit 99.1 · the passage around this item
… earlier in the release
The non-GAAP ETR was 18.3% in the full year 2025 compared to 25.9% in 2024, primarily driven by the prior year non-deductible acquired IPR&D charge for the acquisition of CymaBay. Guidance and Outlook For the full year 2026, Gilead expects: (in millions, except per share amounts) February 10, 2026 Guidance Low End High End Product sales $ 29,600 $ 30,000 Product sales excluding Veklury $ 29,000 $ 29,400 Veklury $ 600 $ 600 Diluted EPS $ 6.75 $ 7.15 Non-GAAP diluted EPS $ 8.45 $ 8.85 Additional information and a reconciliation between GAAP and non-GAAP financial information for the 2026 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. Key Updates Since Our Last Quarterly Release Virology • Announced positive topline Phase 3 results from the ARTISTRY-1 and ARTISTRY-2 trials, evaluating our investigational daily oral single-tablet regimen of bictegravir 75mg and lenacapavir 50mg (“BIC/LEN”) for virologically suppressed adults with HIV. BIC/LEN met its primary endpoints demonstrating non-inferiority to baseline multi-tablet antiviral regimens (ARTISTRY-1) and Biktarvy (ARTISTRY-2). • Exercised option to license investigational herpes simplex virus helicase-primase inhibitor programs ABI-1179 and ABI-5366 from Assembly Biosciences, Inc. (“Assembly”). • Announced the first delivery of lenacapavir for PrEP in sub-Saharan African countries Eswatini and Zambia through the U.S. President’s Emergency Plan for AIDS Relief. Oncology • Announced that the
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.