Filing Flows › Moderna (MRNA) › Guidance history
Moderna (MRNA) guidance history: what it guided and what it reported
Moderna gave guidance in 12 earnings releases on file since Aug 1, 2024. Of 1 guided period since reported, it met or beat its own guidance once (100%). Revenue: 1 of 1, on average +62.0% against the guided midpoint. Its releases raised guidance 3 times and lowered it 5 times.
Revenue
Met or beat 1 of 1 periods (1 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.8B (May 1, 2026) → lowered $1.7B (Jul 31, 2026) → reaffirmed $1.7B (Nov 6, 2026) | — | to be reported | — |
| FY2025 | $1.5B–$2.5B (Jan 13, 2025) → reaffirmed $1.5B–$2.5B (Feb 14, 2025) → reaffirmed $1.5B–$2.5B (May 1, 2025) → lowered $1.2B (Aug 1, 2025) | $1.9B | above the range | +62.0% |
GAAP operating expenses
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2027 | $4.2B–$4.6B (Jan 12, 2026) | — | to be reported | — |
| FY2025 | $400M (Aug 1, 2025) → raised $700M (Nov 6, 2025) | — | — | — |
| FY2026 | $5.4B–$5.7B (May 1, 2025) → lowered $4.9B (Jan 12, 2026) | — | to be reported | — |
The latest quarter
Moderna, Q3 2026: revenue $1.3B (+29% year over year), operating margin 9.9%, net earnings $162M, operating cash flow −$1.6B. The chart follows the revenue to costs, profit and cash.
Questions
Does Moderna beat its guidance?
Moderna gave guidance in 12 earnings releases on file since Aug 1, 2024. Of 1 guided period since reported, it met or beat its own guidance once (100%). Revenue: 1 of 1, on average +62.0% against the guided midpoint.
How often does Moderna raise guidance?
Its earnings releases raised guidance 3 times and lowered it 5 times since Aug 1, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.