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Gilead Sciences GILD Q2 2024 earnings

Reported August 8, 2024 · After market close

Revenue estimate$6.7B
EPS estimate$1.61

Next report

Aug 6, 2026 (in a month)
Revenue estimate$7.4B
EPS estimate-$7.20

Financials

Q2 2024

Income statement

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Revenue$7.0B+5.4%
Gross profit$5.4B+4.9%
Operating income$2.6B+58.8%
Net income$1.6B+54.4%
EPS (diluted)$1.29+55.4%

Balance sheet

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Cash & equivalents$2.8B-51.4%
Total debt$23.3B-7.5%
Total equity$18.3B-13.6%
Total assets$53.6B-14.0%

Cash flow

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Operating cash flow$1.3B-43.3%
CapEx$130.0M-6.5%
Free cash flow$1.2B-45.7%

Valuation & ratios

Q2 2024

Valuation

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Market cap$85.48B-11.1%
Enterprise value$106.05B-8.3%
P/E81.2×+63.6×
P/S3.1×-0.4×

Profitability

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Gross margin75.7%-3.7pp
Operating margin9.2%-21.8pp
Net margin3.8%-16.2pp
FCF margin24.8%-7.8pp

Returns & leverage

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Return on equity5.3%-21.2pp
Debt / equity1.3×+0.1×
Current ratio1.1×+0.1×

Segments

By product

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Biktarvy$3.2B+8.5%
Descovy$485.0M-6.0%
Sofosbuvir/Velpatasvir$476.0M
Genvoya$440.0M-18.5%
Trodelvy$320.0M+23.1%

By geography

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Europe$1.1B+10.3%
Rest of World$879.0M

Versus estimates

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Questions, answered.

When did Gilead Sciences report Q2 2024 earnings?
Gilead Sciences (GILD) reported Q2 2024 earnings on August 8, 2024 after market close.
What were Gilead Sciences's Q2 2024 revenue and EPS?
Gilead Sciences reported revenue of $6.9B and diluted EPS of $2.01 for Q2 2024.
Did Gilead Sciences beat estimates in Q2 2024?
Revenue beat the consensus estimate of $6.7B by $246.5M. EPS beat the consensus estimate of $1.61 by $0.40.
Where can I find Gilead Sciences's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000882095-24-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.