Gilead Sciences — Aug 4, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000882095-26-000028
Showing in the filing
Product sales
“$ 30,100”
Period
No period stated
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 20
Product sales (in millions) for FY2026
“$ 30,100 $ 30,400”
Product sales
“$ 30,100”
Product sales excluding Veklury (in millions) for FY2026
“$ 29,800 $ 30,100”
Product sales excluding Veklury
“$ 29,800”
Veklury (in millions) for FY2026
“~ $300”
Veklury
“~ $300”
Diluted loss per share for FY2026
“$ (3.75) $ (3.40)”
Diluted loss per share
“$ (3.75)”
Non-GAAP diluted loss per share for FY2026
“$ (0.65) $ (0.30)”
Non-GAAP diluted loss per share
“$ (0.65)”
Quarterly dividend declared for Q3 FY2026
“$0.82 per share”
Quarterly dividend of common stock for Q3 FY2026
“$0.82 per share”
GAAP projected product gross margin for FY2026
“~ 79.0%”
Non-GAAP projected product gross margin for FY2026
“~ 87.0%”
GAAP projected operating income (loss) (in m… for FY2026
“$(2,250) - $(1,850)”
Non-GAAP projected operating income (in mill… for FY2026
“$2,900 - $3,300”
GAAP projected effective tax rate excluding … for FY2026
“~21%”
GAAP projected effective tax rate for FY2026
“~ (80%) - (90%)”
Non-GAAP projected effective tax rate exclud… for FY2026
“~20%”
Non-GAAP projected effective tax rate for FY2026
“~ 140% - 115%”
Exhibit 99.1 · the passage around this item
… earlier in the release
These changes primarily reflect the non-deductible acquired IPR&D expenses related to our acquisitions of Arcellx, Tubulis, and Ouro Medicines. Guidance and Outlook For the full year 2026, Gilead now expects: (in millions, except per share amounts) August 4, 2026 Guidance Low End High End Comparison to May 7, 2026 Guidance Product sales $ 30,100 $ 30,400 Previously $30,000 to $30,400 Product sales excluding Veklury $ 29,800 $ 30,100 Previously $29,400 to $29,800 Veklury ~ $300 Previously ~ $600 Diluted loss per share $ (3.75) $ (3.40) Previously $(3.25) to $(2.85) Non-GAAP diluted loss per share $ (0.65) $ (0.30) Previously $(1.05) to $(0.65) Our full year 2026 GAAP and non-GAAP diluted loss per share guidance includes the impact of approximately $9.08 due to acquired IPR&D charges of $11.1 billion related to the Arcellx, Tubulis and Ouro Medicines transactions, net of the impact of the Lakefront collaboration and related taxes. 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 U.S. Food and Drug Administration (“FDA”) accepted a supplemental New Drug Application submission for Yeztugo® (lenacapavir) 300-mg tablets as a potential once-weekly oral formulation for HIV pre-exposure prophylaxis (“PrEP”), with a Prescription Drug User
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.