Q2 26 EPS Adjusted
$0.60
BEAT +3.57%
Est. $0.58
Q2 26 Revenue
$2.54B
BEAT +4.46%
Est. $2.43B
vs S&P Since Q2 26
-51.3%
TRAILING MARKET
MNST -51.4% vs S&P -0.1%
Market Reaction
Did MNST Beat Earnings? Q2 2026 Results
Monster Beverage Corp. Delivered a strong second quarter of 2026, beating analyst expectations on both the top and bottom lines to extend its streak of consensus EPS beats to four consecutive quarters. The company posted adjusted non-GAAP EPS of $0.6… Read more Monster Beverage Corp. Delivered a strong second quarter of 2026, beating analyst expectations on both the top and bottom lines to extend its streak of consensus EPS beats to four consecutive quarters. The company posted adjusted non-GAAP EPS of $0.60, ahead of the $0.58 consensus estimate by 3.57%, while net sales of $2.54 billion topped the $2.43 billion forecast by 4.46% and rose 20.2% year over year. The standout driver was a surge in international demand, with sales outside the United States climbing 34.6% to $1.16 billion and now accounting for roughly 46% of total revenue, up from 41% a year ago, as Monster gained market share across Europe, Brazil, Mexico, and Argentina. The core Monster Energy Drinks segment also carried its weight, with net sales rising 21.6% to $2.36 billion. Despite a recent dip in the company's share price relative to broader market gains, Monster signaled confidence in the path ahead, pointing to expanded marketing investments across social and digital platforms to broaden consumer reach and support new product launches.
Key Takeaways
- • International operations net sales grew 34.6%, now representing approximately 46% of total net sales
- • Monster Energy Drinks segment net sales increased 21.6% to $2.36 billion
- • Pricing actions and product sales mix supported gross margin improvement
- • Energy drink category continues to attract new consumers and expand usage occasions
- • Favorable foreign currency exchange rates contributed $48.5 million to net sales
- • Energy drink case sales increased to 304,944 thousand from 249,336 thousand year-over-year
MNST Forward Guidance & Outlook
Monster Beverage's 2026 marketing strategy includes increased marketing investments across social, digital, and media platforms and partnerships to support existing product offerings and new product launches and to reach a broadening consumer base. The company remains focused on growth of existing core offerings and continued introduction of product innovations as central to its long-term growth strategy. The company noted the energy drink category continues to attract new consumers, expand usage occasions, and increase household penetration.
MNST YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
MNST Revenue by Segment
With YoY comparisons, source: SEC Filings
MNST Revenue by Geography
With YoY comparisons, source: SEC Filings
“We delivered a strong 2026 second quarter, with net sales increasing 20.2 percent and net income per diluted share increasing 19.0 percent.”
— Hilton H. Schlosberg, Q2 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
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.58 | $0.60 | +3.57% | $2.54B | +4.46% |
| Q1 26 BEAT | $0.53 | $0.58 | +10.41% | $2.35B | +8.84% |
| Q4 25 BEAT FY GAAP EPS of $0.46 includes $51.2 million in Alcohol Brands segment impairment charges (net of tax $0.04/share) and Alcohol Brands segment losses (net of tax $0.01/share). Non-GAAP adjusted EPS of $0.51 excludes these items. | $0.48 | $0.51 | +5.88% | $2.13B | +4.24% |
| FY Full Year | — | $2.06 | — | $8.29B | — |
| 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% |