Gilead Sciences, Inc. stock research
FY2023 Q1
Gilead Sciences (GILD) Gross Margin — Quarter Ended Mar 31, 2023
In the current quarter, revenue and gross profit decreased compared to both the prior quarter and the same quarter last year, while cost of revenue remained unchanged, leading to a lower gross margin. The gross margin weakened from both comparison periods.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
In the current quarter, revenue and gross profit decreased compared to both the prior quarter and the same quarter last year, while cost of revenue remained unchanged, leading to a lower gross margin. The gross margin weakened from both comparison periods.
- The most notable driver of the gross margin change is the stability of cost of revenue at the same level as the prior quarters, while revenue declined, causing the margin to compress.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was unchanged, and gross margin weakened. Compared to the same quarter one year earlier, revenue and gross profit were also lower, cost of revenue was unchanged, and gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
77.9%
Gross profit
$5.0B
Revenue
$6.4B
Cost of revenue
$1.4B
Quarter-over-quarter change
n/a
Year-over-year change
-0.4 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $6.4B | $5.0B | $1.4B | 77.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most notable driver of the gross margin change is the stability of cost of revenue at the same level as the prior quarters, while revenue declined, causing the margin to compress.
Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was unchanged, and gross margin weakened. Compared to the same quarter one year earlier, revenue and gross profit were also lower, cost of revenue was unchanged, and gross margin weakened.
Monitor the revenue trend, as it is a key factor in gross margin performance given the stable cost base.