Q2 26 EPS Adjusted
$0.36
GAAP diluted EPS of $0.14 includes $0.21 per share for distributor termination fees and $0.01 per share for acquisition and integration costs
Q2 26 Revenue
$817.9M
vs S&P Since Q2 26
-7.9%
TRAILING MARKET
CELH -7.3% vs S&P +0.6%
Market Reaction
Did CELH Beat Earnings? Q2 2026 Results
Celsius Holdings, Inc. Delivered a mixed second quarter for fiscal 2026, posting adjusted diluted EPS of $0.36 and revenue of $817.92 million, up 10.6% year over year, yet falling short of analyst expectations that had centered around $0.42 per share… Read more Celsius Holdings, Inc. Delivered a mixed second quarter for fiscal 2026, posting adjusted diluted EPS of $0.36 and revenue of $817.92 million, up 10.6% year over year, yet falling short of analyst expectations that had centered around $0.42 per share on roughly $873 million in sales; the company did, however, extend its streak of beating consensus EPS estimates to four consecutive quarters. The headline growth story belonged almost entirely to Alani Nu, which contributed approximately $364.40 million in quarterly revenue after transitioning into the PepsiCo distribution system, even as the flagship CELSIUS brand saw sales slide roughly 11.7% year over year amid trade investment, shipment timing issues, and SKU rationalization tied to acquisition integration. A one-time distributor termination charge of $80.86 million weighed heavily on GAAP results, pulling GAAP diluted EPS down to $0.14 from $0.33 a year ago. Gross margin narrowed to 48.1% from 51.5%, pressured by promotional activity and channel mix shifts. Management signaled that freight optimization, raw material alignment, and price-pack architecture initiatives should drive margin expansion through the back half of the year, though rising aluminum costs remain a partial offset.
Key Takeaways
- • Alani Nu brand transition into PepsiCo distribution system driving increased orders
- • Strong consumer demand for Alani Nu products
- • Completion of Rockstar Energy integration into purchasing structure
- • CELSIUS brand SKU optimization improving dollars per point of distribution by approximately 16% quarter over quarter
- • International expansion momentum in Nordics, Iberia, UK, Ireland, France, Australia, New Zealand and Benelux
CELH Forward Guidance & Outlook
Management expects margin expansion initiatives — including the orbit model, freight optimization, raw material alignment, revenue growth management capabilities, and mix improvement through price-pack architecture — to increasingly deliver benefits over the remainder of the year, though rising commodity costs are partially offsetting gains. The company is focused on returning the CELSIUS brand to sustainable growth through SKU optimization and improved assortment productivity. Management expressed confidence in the long-term growth potential of the multi-brand platform and believes the company is still early in realizing the benefits of its scaled portfolio.
CELH YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
CELH Revenue by Segment
With YoY comparisons, source: SEC Filings
CELH Revenue by Geography
With YoY comparisons, source: SEC Filings
“During the second quarter of 2026, we made meaningful progress in advancing Celsius Holdings as a scaled portfolio of leading brands. We delivered a double-digit increase in second quarter revenue, completing the Rockstar integration, and maintained gross margin near first-quarter levels despite a challenging commodity environment. With CELSIUS, Alani Nu, and Rockstar Energy, we're building a scaled Modern Energy portfolio with distinct roles, attracting new consumers and expanding consumption occasions.”
— John Fieldly, Q2 2026 Earnings Press Release
CELH Earnings Trends
CELH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CELH EPS Trend
Earnings per share: estimate vs actual
CELH Revenue Trend
Quarterly revenue: estimate vs actual
CELH Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 GAAP diluted EPS of $0.14 includes $0.21 per share for distributor termination fees and $0.01 per share for acquisition and integration costs | — | $0.36 | — | $817.9M | — |
| Q1 26 BEAT | $0.29 | $0.41 | +39.93% | $782.6M | +1.72% |
| Q4 25 BEAT FY | $0.19 | $0.26 | +36.91% | $721.6M | +12.99% |
| FY Full Year | $1.27 | $1.34 | +5.47% | $2.52B | +3.00% |
| Q3 25 BEAT | $0.28 | $0.42 | +49.68% | $725.1M | +1.31% |
| Q2 25 BEAT | $0.24 | $0.47 | +93.10% | $739.3M | +12.98% |
| Q1 25 MISS | $0.19 | $0.18 | -5.91% | $329.3M | -3.81% |