Gilead Sciences (GILD) Q1 2026 (USD): Adj. EPS 2.03 (exp. 1.91), Revenue 6.96bln (exp. 6.91bln), guides FY26 Adj. EPS between -1.05 to -0.65 and product sales between 30-30.4bln (exp. 30bln), outlook reduced due to USD 11.5bln of charges
Gilead Sciences reported a Q1 beat on both adjusted EPS and revenue, indicating better-than-expected momentum in the current quarter.
Iran and the US are discussing a one-page plan for both sides to reopen the Strait of Hormuz and end hostilities for 30 days while they try to reach a comprehensive deal, NYT reports
Air defences shot down two hostile drones over Bandar Abbas and Qeshm, Mehr News reports
Gilead Sciences (GILD) Q1 2026 (USD): Adj. EPS 2.03 (exp. 1.91), Revenue 6.96bln (exp. 6.91bln), guides FY26 Adj. EPS between -1.05 to -0.65 and product sales between 30-30.4bln (exp. 30bln), outlook reduced due to USD 11.5bln of charges
Explosions heard in Qeshm due to the confrontation of defences with small birds, ISNA reports
So far, no explosions or clashes have been reported in Sirik, and the city is completely safe, Nour News reports
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However, the company's guidance for FY26 shows a significant downturn, reflecting substantial charges, which may lead to market concerns about its future profitability and stability. This mixed outcome suggests potential volatility in GILD's stock and could also impact investor sentiment broadly in the biotech sector.
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