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Gilead10-K: Logistics challenge

Gilead reports 90% of US sales depend on just three wholesalers

What happened

This heavy reliance on Cardinal Health, Cencora, and McKesson for distribution creates significant operational risk and potential for margin pressure. A disruption with any single partner could severely impact revenue and product availability in their largest market.

Source

SEC EDGARFeb 24, 2026

Annual report (Form 10-K)

Gilead 10-K for FY2025

Filing excerpt

Historically, approximately 90% of our gross product sales in the U.S. have been to three large wholesalers - Cardinal Health, Inc., Cencora, Inc. and McKesson Corporation - and their specialty distributor affiliates.

sec.gov/Archives/edgar/data/882095/000088209526000006/gild-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Logistics challenge

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 24, 2026

More 10-K signals at other companies

The full record

From the Signal API record

Numbers

Percent
90% (of gross product sales in the U.S. concentrated with three wholesalers)

Details

CIK
882095
Accession number
0000882095-26-000006
Filing year
2026
Why it matters
Logistics tools needed
Signal category
Operations

Topics and mentions

Vendors

  • Cardinal Health
  • Inc.
  • Cencora
  • McKesson Corporation

Regions named

  • U.S.

Vendors named

  • Cardinal Health, Inc.
  • Cencora, Inc.
  • McKesson Corporation

Extraction

Confidence
High
Relevance
85%
Sentiment
Negative
Detected
Mar 3, 2026
signal_type
sec-10k
signal_subtype
logisticsChallenge

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/8b036f90-1574-464f-890b-bfb97d474558 returns this record as JSON. POST /v1/companies/enrich returns every signal for gilead.com.

{
  "signal_id": "8b036f90-1574-464f-890b-bfb97d474558",
  "signal_type": "sec-10k",
  "signal_subtype": "logisticsChallenge",
  "detected_at": "2026-03-03T05:50:03.57+00:00",
  "company": {
    "name": "Gilead",
    "domain": "gilead.com"
  },
  "data": {
    "detail": "This heavy reliance on Cardinal Health, Cencora, and McKesson for distribution creates significant operational risk and potential for margin pressure. A disruption with any single partner could severely impact revenue and product availability in their largest market.",
    "metrics": {
      "pct": 0.9,
      "pct_context": "of gross product sales in the U.S. concentrated with three wholesalers"
    },
    "summary": "Gilead reports 90% of US sales depend on just three wholesalers",
    "excerpts": "Historically, approximately 90% of our gross product sales in the U.S. have been to three large wholesalers - Cardinal Health, Inc., Cencora, Inc. and McKesson Corporation - and their specialty distributor affiliates.",
    "relevance": 0.85,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/882095/000088209526000006/gild-20251231.htm",
    "filing_date": "2026-02-24",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Logistics tools needed",
    "signal_category": "operations",
    "regions_mentioned": [
      "U.S."
    ],
    "vendors_mentioned": [
      "Cardinal Health, Inc.",
      "Cencora, Inc.",
      "McKesson Corporation"
    ]
  }
}

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