GILD · 10-Q · 2026Q2 · Full report

Gross Margin Drivers

GILEAD SCIENCES, INC. · 2026-08-06 · Importance 49 · Surprise 32

Product gross margin was 79.3% in the second quarter of 2026, compared with 78.7% in the prior-year quarter. Six-month product gross margin increased to 79.3% from 77.7%, a 150-basis-point improvement. The year-to-date improvement was primarily driven by expiration of a royalty-related obligation. Cost of goods sold was $1.6 billion in the quarter and $3.0 billion year to date.

Key facts

• Cost of goods sold for the six months ended June 30, 2026: $3,023 million. source
• Cost of goods sold for the three months ended June 30, 2026: $1,579 million. source
• Product gross margin for the three months ended June 30, 2026: 79.3%. source
• Product gross margin for the six months ended June 30, 2026: 79.3%. source