v3.26.1
Other Revenue (Tables)
6 Months Ended
Jun. 30, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
Schedule of Disaggregation of Revenue
Net product sales by product type were as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
COVID(1)
$91 $114 $436 $198 
RSV
— 10 
Total $94 $114 $446 $200 
_______
(1)Includes sales of Spikevax and mNEXSPIKE.
The following table summarizes product sales provision adjustments for the periods presented (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Gross product sales $122 $176 $472 $281 
Product sales provision:
Wholesaler chargebacks, discounts and fees
(50)(62)(39)(84)
Returns, rebates and other fees
22 — 13 
Total product sales provision adjustments
$(28)$(62)$(26)$(81)
Net product sales $94 $114 $446 $200 
The following table summarizes other revenue for the periods presented (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Stand-ready manufacturing revenue
$31 $17 $63 $29 
Collaboration revenue (Note 5)
15 20 
Grant revenue
Licensing and royalty revenue
10 
Total other revenue$51 $28 $88 $50