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GILD

Gilead Sciences

NASDAQHealth CareDrug Manufacturers - GeneralSnapshot 2026-05-08

$131.33-2.04%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, GILD has a composite score of 9.4 and a signal labeled as "mixed." The company momentum score increased significantly by 44.8 points to 16.7, while the composite insight score rose by 10.4 points to 9.4. The scores reflect medium confidence and moderate risk, with key drivers including macroeconomic factors related to labor, rates, growth, and inflation. This analysis is provisional.

Composite +9.4as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
weak
Bottom 20% of health care cohort
Why this rank
  • Direction share
    0.16
  • Slope (norm)
    0.56
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
-432224743327183
F2 · Value
expensive
Most expensive 10% of health care cohort
Why this rank
Price
$131.33
TTM EPS
$1.65
Earnings yield
1.3%
P/E (TTM)
79.6

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
robust
Top 10% cash conversion in health care cohort
Why this rank
TTM NI ($M)
480
TTM CFO ($M)
10,828
CFO/NI
22.56
L2

Watch

has something changed worth re-reading?
F4 · Management stability
neutral
Mid-cohort activity· see deep-dive ↓
capital friendlyTop 10% capital-friendly in health care cohort

Buyback / dividend activity on weakening fundamentals — historically a value-trap pattern (48% T+1y positive return vs 69% baseline in IT 2024-26).

Earnings setup · pre-print positioning
forward-looking
neutralEPS revised -7.8% / 30d, n=19for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $2.10 → $1.94 (-7.8% / 30d). 3 raised, 6 cut, 19 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 4 maintained. 73% of analysts rate Buy.

Price target activity

2 PT revisions / 30d. Avg target 21.8% above current price.

Material events

2 positive, 1 negative / 30d. See F4 management tile for the event list.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Complete acquisition of Arcellxcapital allocationmixed41% progress
    4/28: Gilead completed the acquisition of Arcellx on April 28, 2026.
    Why this status

    Stated in 2 of last 2 quarters. The acquisition of Arcellx was completed on April 28, 2026, as planned. This strategic move is expected to bolster Gilead's growth trajectory. The completion aligns with management's stated priority, indicating successful execution of the acquisition strategy.

  2. 2.Increase product sales excluding Veklurygrowthbehind11% progress
    2/10: Gilead expects product sales excluding Veklury to be between $29,000 and $29,400 million.
    Why this status

    Stated in 2 of last 2 quarters. Product sales excluding Veklury are expected to increase from $28,400 million in 2025-Q4 to a range of $29,000 to $29,400 million in 2026. This indicates a positive trajectory towards achieving growth in non-Veklury product sales, although the status remains behind expectations.

  3. 3.Maintain strong overall product salesgrowthbehind11% progress
    5/7: Gilead raised its full year revenue guidance to $30,000 to $30,400 million.
    Why this status

    Stated in 2 of last 2 quarters. Gilead raised its full year revenue guidance from $28,700 million in 2025-Q4 to a range of $30,000 to $30,400 million in 2026. Despite the increase in guidance, the status remains behind expectations, indicating challenges in maintaining strong overall product sales.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −18%, typical day ±1.2%
Why this risk level

Recent vol — 30d annualized 22%; 252d 27%.

Drawdown — Max 1y −18%. Bad day move −3%.

Beta to sector ETF (XLV) 0.97 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 54/100, drawdown 65/100, beta 97/100, earnings vol .

Sector regime
headwind-15.1%sector vs S&P 500, 60d

via XLV

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. score change · company_momentum_score
    severity 75

    Company momentum rose by 44.8 points (from -28.1 to 16.7).

  2. score change · composite_insight_score
    severity 21

    Composite insight rose by 10.4 points (from -1.0 to 9.4).

As of May 8, 2026, GILD's company momentum score rose by 44.8 points, increasing from -28.1 to 16.7. The composite insight score also improved by 10.4 points, moving from -1.0 to 9.4. The overall signal transitioned to "mixed," and the confidence label is now "medium." The inputs indicate that the changes are provisional.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite35.8 / 100
Capital allocation30
Earnings discipline49
Margin discipline12
Balance sheet43
Guidance credibility
Post-call reaction62
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Complete acquisition of Arcellx

    Capital allocationNew since 2026-05-04

    Finalize the acquisition of Arcellx to enhance strategic growth.

    Mixed

    Stated in 2 of last 2 quarters. The acquisition of Arcellx was completed on April 28, 2026, as planned. This strategic move is expected to bolster Gilead's growth trajectory. The completion aligns with management's stated priority, indicating successful execution of the acquisition strategy.

    41%
    CEO/CFO:Gilead completed the acquisition of Arcellx on April 28, 2026.
    Multiple sourcesSource dated 2026-04-28Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Multiple sources

      Gilead completed the acquisition of Arcellx.

    • 2025-Q4Multiple sources

      Gilead entered into an Agreement and Plan of Merger with Arcellx.

  • #2

    Increase product sales excluding Veklury

    GrowthNew since 2026-05-04

    Focus on boosting sales of products other than Veklury to drive growth.

    Behind

    Stated in 2 of last 2 quarters. Product sales excluding Veklury are expected to increase from $28,400 million in 2025-Q4 to a range of $29,000 to $29,400 million in 2026. This indicates a positive trajectory towards achieving growth in non-Veklury product sales, although the status remains behind expectations.

    11%
    CEO/CFO:Gilead expects product sales excluding Veklury to be between $29,000 and $29,400 million.
    Multiple sourcesSource dated 2026-02-10Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Multiple sources

      Product sales excluding Veklury $29,000 to $29,400 million.

    • 2025-Q4Multiple sources

      Product sales excluding Veklury $28,400 to $28,700 million.

  • #3

    Maintain strong overall product sales

    GrowthNew since 2026-05-04

    Ensure robust sales performance across all product lines.

    Behind

    Stated in 2 of last 2 quarters. Gilead raised its full year revenue guidance from $28,700 million in 2025-Q4 to a range of $30,000 to $30,400 million in 2026. Despite the increase in guidance, the status remains behind expectations, indicating challenges in maintaining strong overall product sales.

    11%
    CEO/CFO:Gilead raised its full year revenue guidance to $30,000 to $30,400 million.
    Multiple sourcesSource dated 2026-05-07Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Multiple sources

      Raised full year revenue guidance to $30,000 to $30,400 million.

    • 2025-Q4Multiple sources

      Product sales $28,400 to $28,700 million.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
59higher = cheaper

Roughly priced in line with peers.

Compared to its own history
92higher = cheaper

Cheaper than its own typical valuation.

P/E
16.0x
EV/EBITDA
FCF yield
5.6%

P/E over the last 5 years

62 monthly points
fairas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
GILD
Gilead Sciences
+9.4fairmoderate
LLY
Lilly (Eli)
+21fullmoderate
JNJ
Johnson & Johnson
+18fulllow
ABBV
AbbVie
+12fairlow
UNH
UnitedHealth Group
+24fairelevated
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
1.2%
A bad day (95th %ile)
A rough but not unusual down day.
-2.5%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-17.5%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If next-quarter guidance is raised (currently LOWERED as of 2026-05-07)+16 pts
  • If health_care sector trend rises from +0.06 into 'improving' (>= +0.20)+5.0 pts
Downside triggers
  • If labor state reverses from -0.31 (negative) to +0.31 (positive)-6.8 pts
  • If health_care sector trend falls from +0.06 into 'weakening' (<= -0.20)-5.0 pts
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-2.9 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-05-071d agoItem 2.02

    Results of Operations and Financial Condition. On May 7, 2026 , Gilead Sciences, Inc., a Delaware corporation (“Gilead”), announced its financial results for the quarter ended March 31, 2026. A copy of the press release is filed as Exhibit 99.1 to this report. Gilead has presented certain financial information in accordance with U.S. generally accepted accounting principles (“GAAP”) and also on a non-GAAP basis. Management believes this non-GAAP information is useful for investors, when consi…

    earnings preannouncementnegativescore 77
  2. 2026-04-2810d agoItem 8.01

    Other Events. As previously disclosed, on February 22, 2026, Gilead entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), among Parent, the Company and Ravens Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent (“ Purchaser ”). In accordance with the terms of the Merger Agreement, on April 28, 2026, Gilead completed the acquisition of the Company. Pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, on March 6, 20…

    mna activitypositivescore 41
  3. 2026-04-2810d agoItem 7.01

    Regulation FD Disclosure. On April 28, 2026, Gilead Sciences, Inc., a Delaware corporation (“ Parent ” or “ Gilead ”), issued a press release announcing the completion of the acquisition of the Arcellx, Inc., a Delaware corporation (the “ Company ”), a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein. The information in

    mna activitypositivescore 41
  4. 2026-02-232mo agoItem 1.01

    Entry into a Material Definitive Agreement Agreement and Plan of Merger On February 22, 2026, Gilead Sciences, Inc., a Delaware corporation (“ Parent ” or “ Gilead ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), among Parent, Arcellx, Inc., a Delaware corporation (the “ Company ”), and Ravens Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“ Purchaser ”). Pursuant to the Merger Agreement, and upon the terms and subject to the conditions…

    mna activitypositivescore 12
  5. 2026-02-232mo agoItem 7.01

    of this Current Report on Form 8-K, including the information incorporated by reference from Exhibit 99.1 hereto this report, shall not be deemed to be incorporated by reference in the filings of the Company under the Securities Act of 1933. Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements related to Gilead, Arcellx and the acquisition of Arcellx by Gilead that are subject to risks, uncertainties and other factors. All statements other than statem…

    mna activitypositivescore 9
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-24 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.