By Mackenzie Tatananni
Moderna gave investors a glimpse at its upcoming earnings report on Monday as it pre-announced revenue above the midpoint of its prior guidance range.
Presenting at the J.P. Morgan healthcare conference on Monday, Moderna said it expects 2025 revenue of roughly $1.9 billion, $100 million above the midpoint of the range communicated on the company's third-quarter earnings call. For 2026, the company still expects revenue growth of up to 10%, and reiterated that it expects non-adjusted operating expenses to decline from $5 billion to $5.2 billion in 2025 to $4.9 billion in 2026.
Jefferies analysts posited Monday that "more reductions are needed to instill investor confidence in management's 2028 cash breakeven guidance." The company is slated to share its fourth-quarter and full-year results in February. Shares gained 2% in premarket trading, while futures tracking the S&P 500 were down 0.5%.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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(END) Dow Jones Newswires
January 12, 2026 08:51 ET (13:51 GMT)
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