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Q1 26 EPS
$0.58
BEAT +10.41%
Est. $0.53
Q1 26 Revenue
$2.35B
BEAT +8.84%
Est. $2.16B
vs S&P Since Q1 26
+21.9%
BEATING MARKET
MNST +21.4% vs S&P -0.5%
Market Reaction
Did MNST Beat Earnings? Q1 2026 Results
Monster Beverage Corp delivered a strong first quarter of fiscal 2026, posting diluted EPS of $0.58 against a consensus estimate of $0.53, a beat of 10.41%, while net sales of $2.35 billion topped the $2.16 billion forecast by 8.84% and rose 26.9% ye… Read more Monster Beverage Corp delivered a strong first quarter of fiscal 2026, posting diluted EPS of $0.58 against a consensus estimate of $0.53, a beat of 10.41%, while net sales of $2.35 billion topped the $2.16 billion forecast by 8.84% and rose 26.9% year-over-year. The standout driver was an exceptional surge in international revenue, which climbed 44.9% to $1.06 billion and accounted for approximately 45% of total net sales, the highest international mix the company has recorded for a single quarter. The Monster Energy Drinks segment, encompassing Monster Energy, Reign, Bang, and FLRT, powered the top line with 27.6% growth to $2.19 billion, while energy drink case volume expanded to 274.46 million case equivalents from 213.10 million a year ago. Gross margin narrowed 150 basis points to 55.0%, pressured by aluminum costs and elevated freight expenses, though operating discipline in selling and G&A costs helped operating income rise 28.1% to $729.96 million. Rothschild & Co Redburn recently upgraded the stock to buy, citing the company's strong underlying demand trajectory.
Key Takeaways
- • Strong international sales growth of 44.9%, reaching approximately 45% of total net sales
- • Monster Energy Drinks segment net sales increased 27.6%
- • Favorable foreign currency exchange rates contributed $89.3 million to net sales
- • Energy drink case sales increased to 274,460 thousand from 213,100 thousand year-over-year
- • Operating expense leverage improved with operating expenses at 23.9% of net sales vs. 25.8%
- • Increased consumer demand driving global energy drink category growth
MNST YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
MNST Revenue by Segment
With YoY comparisons, source: SEC Filings
MNST Revenue by Geography
With YoY comparisons, source: SEC Filings
“The global energy drink category continues to demonstrate solid growth, driven by increased consumer demand. We delivered a strong start to the year, with net sales increasing 26.9 percent, operating income increasing 28.1 percent and net income per diluted share increasing 27.6 percent for the 2026 first quarter. Net sales crossed the $2.0 billion threshold for the first time in the Company's history for a fiscal first quarter.”
— Hilton H. Schlosberg, Q1 2026 Earnings Press Release
MNST Earnings Trends
MNST vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MNST EPS Trend
Earnings per share: estimate vs actual
MNST Revenue Trend
Quarterly revenue: estimate vs actual
MNST Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.53 | $0.58 | +10.41% | $2.35B | +8.84% |
| Q4 25 BEAT | $0.48 | $0.51 | +5.88% | $2.13B | +4.24% |
| Q3 25 BEAT | $0.48 | $0.56 | +16.35% | $2.20B | +4.17% |
| Q2 25 BEAT | $0.48 | $0.52 | +8.27% | $2.11B | +1.34% |
| Q4 24 MISS FY | $0.40 | $0.38 | -4.86% | $1.81B | +0.88% |
| FY Full Year | — | $1.62 | — | $7.49B | — |
| Q4 23 MISS FY | $0.38 | $0.35 | -7.89% | $1.73B | +0.00% |
| FY Full Year | — | $1.54 | — | $7.14B | — |
| Q4 22 MISS FY | $0.63 | $0.57 | -9.52% | $1.51B | -5.32% |
| FY Full Year | — | $2.23 | — | $6.31B | — |
| Q1 22 MISS | $0.61 | $0.55 | -9.84% | $1.52B | +6.52% |