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Moderna rises as overseas COVID vaccine sales drive Q3 beat, guidance hike

Moderna reported $1.3 billion in third-quarter 2026 revenue, up about 29% year over year, as international COVID vaccine sales beat expectations. It recorded $162 million in net income versus a $200 million loss a year earlier, raised its full-year growth outlook, and lowered its 2026 capital spending estimate to about $200 million.

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What happened

Moderna reported $1.31 billion in third-quarter revenue, up 29% from a year earlier, and $162 million in net income compared with a $200 million loss. Stronger international COVID vaccine sales helped. The company also raised its full-year revenue outlook and lowered its 2026 spending estimate.

Global impact / market context

The quarter shows that stronger vaccine sales can support a return to profit. But year-to-date results remain deeply negative because of a $950 million patent settlement and higher royalty costs. For ordinary investors, one profitable quarter does not resolve those pressures.

What to watch

  1. Check whether international COVID vaccine sales remain strong, since they helped drive the quarter’s growth.
  2. Check the next reported revenue outlook, since Moderna raised its full-year outlook as demand stabilized.
  3. Check updates on settlement and royalty costs, since these weighed heavily on year-to-date results.

Affected assets

  • Moderna, Inc.

Evidence