Gilead Sciences Inc

GILD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Gilead Earnings: Raising Our Fair Value Estimate Entering a Busy Year of Launches and Data Readouts

Karen Andersen

Feb 11, 2026

Gilead reported 1% product sales growth in 2025 and a 44.8% non-GAAP operating margin. Management guidance for 2026 implies 3.1% product sales growth and a 46.9% operating margin at the midpoint. Shares were up 5% in trading on Feb. 11.

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Gilead Sciences Inc

Gilead Earnings: Raising Our Fair Value Estimate Entering a Busy Year of Launches and Data Readouts

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