| REVENUES Disaggregation of Revenues The following table summarizes our Total revenues: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | Three Months Ended March 31, 2025 | | (in millions) | | U.S. | | Europe | | Rest of World | | Total | | U.S. | | Europe | | Rest of World | | Total | | Product sales: | | | | | | | | | | | | | | | | | | HIV | | | | | | | | | | | | | | | | | | Biktarvy | | $ | 2,573 | | | $ | 437 | | | $ | 352 | | | $ | 3,361 | | | $ | 2,474 | | | $ | 375 | | | $ | 301 | | | $ | 3,150 | | | Descovy | | 761 | | | 23 | | | 23 | | | 807 | | | 538 | | | 21 | | | 27 | | | 586 | | | Genvoya | | 215 | | | 33 | | | 16 | | | 264 | | | 305 | | | 40 | | | 19 | | | 364 | | | Odefsey | | 153 | | | 59 | | | 9 | | | 221 | | | 215 | | | 57 | | | 10 | | | 281 | | Symtuza - Revenue share(1) | | 107 | | | 28 | | | 3 | | | 138 | | | 82 | | | 29 | | | 3 | | | 114 | | | Yeztugo | | 158 | | | — | | | 7 | | | 166 | | | — | | | — | | | — | | | — | | Other HIV(2) | | 36 | | | 27 | | | 9 | | | 73 | | | 50 | | | 31 | | | 10 | | | 91 | | | Total HIV | | 4,004 | | | 607 | | | 419 | | | 5,030 | | | 3,664 | | | 553 | | | 370 | | | 4,587 | | | | | | | | | | | | | | | | | | | | Liver Disease | | | | | | | | | | | | | | | | | | Livdelzi | | 115 | | | 18 | | | — | | | 133 | | | 40 | | | — | | | — | | | 40 | | Sofosbuvir/Velpatasvir(3) | | 141 | | | 60 | | | 82 | | | 283 | | | 166 | | | 80 | | | 99 | | | 346 | | | Vemlidy | | 91 | | | 13 | | | 132 | | | 237 | | | 100 | | | 12 | | | 140 | | | 252 | | Other Liver Disease(4) | | 15 | | | 78 | | | 21 | | | 114 | | | 28 | | | 76 | | | 17 | | | 121 | | | Total Liver Disease | | 362 | | | 170 | | | 235 | | | 767 | | | 335 | | | 168 | | | 256 | | | 758 | | | | | | | | | | | | | | | | | | | | Veklury | | 112 | | | 14 | | | 18 | | | 144 | | | 199 | | | 22 | | | 82 | | | 302 | | | | | | | | | | | | | | | | | | | | Oncology | | | | | | | | | | | | | | | | | | Cell Therapy | | | | | | | | | | | | | | | | | | Tecartus | | 30 | | | 37 | | | 8 | | | 75 | | | 40 | | | 31 | | | 8 | | | 78 | | | Yescarta | | 120 | | | 146 | | | 67 | | | 332 | | | 160 | | | 149 | | | 77 | | | 386 | | | Total Cell Therapy | | 150 | | | 183 | | | 74 | | | 407 | | | 200 | | | 180 | | | 84 | | | 464 | | | | | | | | | | | | | | | | | | | | Trodelvy | | 253 | | | 95 | | | 54 | | | 402 | | | 181 | | | 75 | | | 37 | | | 293 | | | Total Oncology | | 403 | | | 278 | | | 129 | | | 810 | | | 381 | | | 255 | | | 121 | | | 757 | | | | | | | | | | | | | | | | | | | | Other | | | | | | | | | | | | | | | | | | AmBisome | | 7 | | | 59 | | | 72 | | | 138 | | | 5 | | | 67 | | | 66 | | | 139 | | Other(5) | | 39 | | | 8 | | | 11 | | | 58 | | | 47 | | | 9 | | | 14 | | | 70 | | | Total Other | | 46 | | | 67 | | | 83 | | | 196 | | | 52 | | | 76 | | | 81 | | | 209 | | | Total product sales | | 4,926 | | | 1,137 | | | 883 | | | 6,946 | | | 4,631 | | | 1,073 | | | 909 | | | 6,613 | | | Royalty, contract and other revenues | | — | | | 8 | | | 6 | | | 14 | | | 37 | | | 11 | | | 6 | | | 54 | | | Total revenues | | $ | 4,926 | | | $ | 1,144 | | | $ | 889 | | | $ | 6,960 | | | $ | 4,668 | | | $ | 1,084 | | | $ | 915 | | | $ | 6,667 | |
_______________________________ (1) Represents our revenue from cobicistat (“C”), emtricitabine (“FTC”) and tenofovir alafenamide (“TAF”) in Symtuza (darunavir/C/FTC/TAF), a fixed dose combination product commercialized by Janssen Sciences Ireland Unlimited Company (“Janssen Ireland”). (2) Includes Atripla, Complera/Eviplera, Emtriva, Stribild, Sunlenca, Truvada and Tybost. (3) Includes Epclusa and the authorized generic version of Epclusa sold by Gilead’s separate subsidiary, Asegua Therapeutics LLC (“Asegua”). (4) Includes ledipasvir/sofosbuvir (Harvoni and the authorized generic version of Harvoni sold by Asegua), Hepcludex, Hepsera, Sovaldi, Viread and Vosevi. (5) Includes Cayston, Jyseleca, Letairis and Zydelig. Revenues Recognized from Performance Obligations Satisfied in Prior Years The following table summarizes revenues recognized from performance obligations satisfied in prior years: | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | March 31, | | | | (in millions) | | 2026 | | 2025 | | | | | | Revenue share with Janssen Ireland and royalties for licenses of intellectual property | | $ | 152 | | | $ | 157 | | | | | | | Changes in estimates | | $ | 232 | | | $ | 214 | | | | | |
Contract Balances The following table summarizes our contract balances: | | | | | | | | | | | | | | | | (in millions) | | March 31, 2026 | | December 31, 2025 | | Contract assets | | $ | 589 | | | $ | 629 | | Contract liabilities(1) | | $ | 47 | | | $ | 48 | |
_______________________________ (1) Future revenues recognized from contract liabilities are not expected to be material in any one year.
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