NASDAQ$GILD
Gilead Sciences Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Gilead Sciences' Q2 2023 earnings reflect a strong quarter with growth in HIV, Oncology, and Liver Disease, offset by a legal settlement accrual and lower Veklury sales.
Gilead Sciences reported a 5% increase in total revenue to $6.6 billion for Q2 2023, driven by growth in HIV and Oncology, which was partially offset by lower Veklury sales and a $525 million litigation accrual. Diluted EPS decreased to $0.83, while non-GAAP diluted EPS decreased to $1.34.
- Total second quarter revenue increased 5% year-over-year to $6.6 billion.
- Product sales excluding Veklury increased 11% year-over-year to $6.3 billion.
- Biktarvy sales increased 17% year-over-year to $3.0 billion.
- Oncology sales increased 38% year-over-year to $728 million.
Headline financials
Revenue & EPS history
Gilead Sciences · Revenue · Quarterly
$6.6B
Revenue by segment
Gilead Sciences · $6.32B total across 4 segments · Q2 2023
- HIV$4.63B+9.4%73.2%
- Oncology$728M—11.5%
- Liver Disease$711M—11.2%
- Veklury$256M-42.5%4.0%
Forward guidance
Gilead expects total product sales between $26.3 billion and $26.7 billion and non-GAAP diluted earnings per share between $6.45 and $6.80 for the full year 2023.
Tailwinds
- Total product sales between $26.3 billion and $26.7 billion, compared to $26.0 billion and $26.5 billion previously.
- Total product sales, excluding Veklury, between $24.6 billion and $25.0 billion, compared to $24.0 billion and $24.5 billion previously.
Headwinds
- Total Veklury sales of approximately $1.7 billion, compared to approximately $2.0 billion previously.
- Diluted earnings per share between $4.50 and $4.85, compared to $4.75 and $5.15 previously.
- Non-GAAP diluted earnings per share between $6.45 and $6.80, compared to $6.60 and $7.00 previously.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.2%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-0.4%
Avg return
30 days after
44%
32 / 73 earnings
Positive
+11.9%
Q3 2022
Best reaction
-12.4%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | -1.5% | -3.4% | |
| Q4 2025 | +5.8% | +5.3% | -1.5% | |
| Q3 2025 | +3.1% | +3.5% | +6.2% | |
| Q2 2025 | +8.3% | +8.9% | +4.3% | |
| Q1 2025 | -2.8% | +0.4% | +1.1% | |
| Q4 2024 | +7.5% | +8.3% | +15.9% | |
| Q3 2024 | +8.5% | +7.5% | +2.1% | |
| Q2 2024 | -0.5% | -0.0% | +6.4% | |
| Q1 2024 | -2.5% | -2.8% | -2.1% | |
| Q4 2023 | -3.0% | -4.0% | -4.0% | |
| Q3 2023 | -4.0% | -6.4% | -3.8% | |
| Q2 2023 | +4.0% | +5.8% | +1.3% | |
| Q1 2023 | -1.8% | -3.9% | -7.9% | |
| Q4 2022 | +0.6% | +2.4% | -3.5% | |
| Q3 2022 | +11.9% | +12.0% | +21.8% | |
| Q2 2022 | +4.5% | +2.5% | +9.0% | |
| Q1 2022 | -3.7% | -2.0% | +5.2% | |
| Q4 2021 | -4.2% | -7.0% | -10.1% | |
| Q3 2021 | -2.8% | -1.3% | +5.2% | |
| Q2 2021 | -2.5% | -0.3% | +1.7% | |
| Q1 2021 | -1.5% | +1.9% | +2.6% | |
| Q4 2020 | +6.1% | +4.3% | +0.2% | |
| Q3 2020 | -2.5% | -2.5% | +0.0% | |
| Q2 2020 | -4.8% | -2.9% | -10.6% | |
| Q1 2020 | -3.8% | -4.8% | -6.4% | |
| Q4 2019 | -0.7% | +3.8% | +14.7% | |
| Q3 2019 | -4.9% | -4.7% | -2.0% | |
| Q2 2019 | -3.5% | -4.3% | -6.1% | |
| Q1 2019 | +3.5% | +2.4% | -4.0% | |
| Q4 2018 | -3.4% | -3.7% | -10.2% | |
| Q3 2018 | +2.5% | +5.9% | -2.1% | |
| Q2 2018 | +0.7% | -1.7% | -5.2% | |
| Q1 2018 | -7.4% | -9.4% | -6.7% | |
| Q4 2017 | +5.6% | +1.2% | +2.2% | |
| Q3 2017 | -3.5% | -6.2% | -9.3% | |
| Q2 2017 | +1.7% | +3.2% | +0.1% | |
| Q1 2017 | -1.3% | -0.5% | -5.1% | |
| Q4 2016 | -7.7% | -8.3% | -5.5% | |
| Q3 2016 | -1.5% | -1.6% | -1.1% | |
| Q2 2016 | -6.4% | -8.2% | -7.0% | |
| Q1 2016 | -12.4% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | -0.5% | — | — | |
| Q2 2015 | +4.7% | — | — | |
| Q1 2015 | +2.6% | — | — | |
| Q4 2014 | -7.3% | — | — | |
| Q3 2014 | -1.7% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | +3.2% | — | — | |
| Q4 2013 | -0.9% | — | — | |
| Q3 2013 | +5.7% | — | — | |
| Q2 2013 | +4.5% | — | — | |
| Q1 2013 | +10.0% | — | — | |
| Q4 2012 | -0.0% | — | — | |
| Q3 2012 | +3.0% | — | — | |
| Q2 2012 | +8.4% | — | — | |
| Q1 2012 | -0.8% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | +0.4% | — | — | |
| Q2 2011 | -1.6% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | -1.1% | — | — | |
| Q3 2010 | -1.2% | — | — | |
| Q2 2010 | -0.1% | — | — | |
| Q1 2009 | +2.3% | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q4 2007 | -0.2% | — | — | |
| Q4 2009 | -0.2% | — | — | |
| Q3 2009 | +5.4% | — | — | |
| Q3 2008 | +5.4% | — | — | |
| Q4 2008 | -5.0% | — | — | |
| Q2 2008 | -5.0% | — | — | |
| Q2 2009 | -5.0% | — | — |
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