Gilead Sciences, Inc. stock research
FY2024 Q3
Gilead Sciences (GILD) Gross Margin — Quarter Ended Sep 30, 2024
Revenue and gross profit both increased sequentially and year-over-year, with gross profit growing faster than revenue, resulting in an improved gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue and gross profit both increased sequentially and year-over-year, with gross profit growing faster than revenue, resulting in an improved gross margin.
- The strongest observable driver is the disproportionate growth in gross profit relative to revenue.
- Compared to the preceding quarter, gross margin improved; compared to the same quarter last year, gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
79.1%
Gross profit
$6.0B
Revenue
$7.5B
Cost of revenue
$1.6B
Quarter-over-quarter change
+1.3 pts
Year-over-year change
+1.3 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $7.1B | $5.0B | $2.1B | 70.6% |
| Mar 31, 2024 | $6.7B | $5.1B | $1.6B | 76.8% |
| Jun 30, 2024 | $7.0B | $5.4B | $1.5B | 77.8% |
| Sep 30, 2024 | $7.5B | $6.0B | $1.6B | 79.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+1.3 pts
Year-over-year change
Sep 30, 2023
+1.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the disproportionate growth in gross profit relative to revenue.
Compared to the preceding quarter, gross margin improved; compared to the same quarter last year, gross margin also improved.
Monitor the trend in cost of revenue relative to revenue.