Companies /Consumer Defensive
Monster Beverage Corp
NASDAQ: MNST Beverages - Non-alcoholic
$45.64
▼ $0.08 (−0.18%) today
Markets closed · 6:37pm ET

Monster Beverage (MNST) Q3 2026 Earnings

Reported Nov 5, 2026, 4:32pm ET · SEC source
$0.30
Beat +0.54%
EPS · est. $0.30 Adjusted

Adjusted EPS excludes a $19.9 million property and equipment impairment charge ($0.01 per share; Kona, Hawaii property reclassified as held-for-sale) and Alcohol Brands segment results; GAAP diluted EPS was $0.29. G&A also included $14.7 million of digital transformation expenses.

$2.6B
Beat +2.76%
Revenue · est. $2.5B
6 quarters
Consecutive EPS beats

How Did MNST Stock React to Q3 2026 Earnings?

% change · around the report
0+3%+6%+9%Nov 4Nov 9report 4:32pm ETearnings+3.1%+0.0%
0+3%+6%+9%Nov 4Nov 9earnings+3.1%+0.0%
MNST +0.0%S&P 500 +3.1%
0+3%+6%+9%Nov 4Nov 9report 4:32pm ETearnings+5.5%+0.0%
0+3%+6%+9%Nov 4Nov 9earnings+5.5%+0.0%
MNST +0.0%NASDAQ +5.5%
−4.41%
Day of report
−0.17%
Next session

Did MNST Beat Earnings? Q3 2026 Results

Yes. Monster Beverage reported Q3 2026 earnings of $0.30 a share on Nov 5, 2026, beating the $0.30 consensus estimate by 0.5%. Revenue was $2.6B against a $2.5B estimate.

Monster Beverage posted a solid beat across both the top and bottom lines in the third quarter of 2026, extending its EPS consensus beat streak to five consecutive quarters. Adjusted EPS of $0.30 edged past the $0.30 consensus estimate by 0.54%, while net sales of $2.56 billion topped expectations by 2.76% and climbed 16.6% year over year. The primary engine behind that revenue acceleration was international demand, with net sales outside the United States rising 28.1% to $1.20 billion and accounting for roughly 47% of total revenue, up from 43% a year earlier; Latin America alone surged 48.8% in dollar terms, led by Brazil. Those gains came despite some margin pressure, as gross margin narrowed to 54.7% from 55.7%, weighed down by higher aluminum can costs and freight expenses. Operating margin also compressed to 28.0% from 30.7%, partly reflecting a $19.9 million property impairment charge tied to a Kona, Hawaii asset reclassified as held-for-sale. Some analysts have flagged valuation concerns given rising distribution and selling expenses, though the underlying volume and geographic momentum told a broadly constructive story for the quarter.

Key Takeaways
  • Net sales to customers outside the U.S. rose 28.1% to $1.20 billion, about 47% of total net sales
  • LATAM net sales up 48.8% in dollars, primarily driven by Brazil
  • Energy drink case sales of 304,902 thousand vs 258,387 thousand in the prior-year quarter
  • Favorable FX impact of $8.1 million on net sales; FX-neutral net sales up 16.3%
  • Gross margin declined to 54.7% from 55.7% due to higher aluminum can costs, geographic sales mix and freight-in costs, partially offset by pricing actions
  • Distribution expenses rose to $116.3 million on increased freight and fuel expenses
  • Selling expenses rose to $260.1 million on increased social, digital, media and sponsorship marketing
  • G&A included a $19.9 million impairment on Kona, Hawaii property and $14.7 million of digital transformation expenses
  • Interest and other income, net rose to $34.8 million from $14.2 million

“We delivered another quarter of strong top-line performance in both our domestic and international markets, with record quarterly net sales increasing 16.7 percent to $2.56 billion.”

Monster Beverage CEO, on the earnings call

MNST YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$800.0M$1.6B$2.4B$2.2B$2.6BRevenue$1.2B$1.4BGross Profit$675.4M$718.7MOperating Income$524.5M$568.4MNet Income
$0$800.0M$1.6B$2.4BRevenueGross ProfitOperating IncomeNet Income
MNST income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $2.6B $2.2B +16.7%
Gross Profit $1.4B $1.2B +14.4%
Operating Income $718.7M $675.4M +6.4%
Net Income $568.4M $524.5M +8.4%

MNST Revenue by Segment

Monster Energy Drinks$2.4B+17.1%
Strategic Brands$156.4M+19.8%
Alcohol Brands$28.5M−13.6%
Other$4.8M−29.5%

MNST Revenue by Geography

United States
Rest of World$1.2B+28.1%

Figures from SEC filings and company reports. Not investment advice.