Monster Beverage (MNST) Q3 2026 Earnings
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.
How Did MNST Stock React to Q3 2026 Earnings?
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.
- 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
| 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
MNST Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.