Companies /Consumer Defensive

Monster Beverage Corp

NASDAQ: MNST Beverages - Non-alcoholic
$42.84
▼ $0.31 (−0.72%) today
Markets closed · 2:04am ET

Q1 2026 Earnings

Reported May 7, 2026, 4:26pm ET · SEC source
$0.58
Beat +10.41%
EPS · est. $0.53
$2.4B
Beat +8.84%
Revenue · est. $2.2B
+7.4%
Beating market
MNST vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%+10%May 7May 8report 4:26pm ETearnings+0.8%+8.5%
−5%0+5%+10%May 7May 8earnings+0.8%+8.5%
MNST +8.5%S&P 500 +0.8%
−5%0+5%+10%May 7May 8report 4:26pm ETearnings+2.3%+8.5%
−5%0+5%+10%May 7May 8earnings+2.3%+8.5%
MNST +8.5%NASDAQ +2.3%
−5%0+5%+10%May 6May 15report 4:26pm ETearnings+1.0%+9.7%
−5%0+5%+10%May 6May 15earnings+1.0%+9.7%
MNST +9.7%S&P 500 +1.0%
−5%0+5%+10%May 6May 15report 4:26pm ETearnings+2.0%+9.7%
−5%0+5%+10%May 6May 15earnings+2.0%+9.7%
MNST +9.7%NASDAQ +2.0%
+13.58%
Day of report
+0.14%
Next session
+0.93%
One week
+5.70%
30 days

S&P 500 over the same 30 days: −1.65%.

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% 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

“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.”

Monster Beverage CEO, on the earnings call

MNST YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$700.0M$1.4B$2.1B$1.9B$2.4BRevenue$1.0B$1.3BGross Profit$569.7M$730.0MOperating Income$443.0M$569.5MNet Income
$0$700.0M$1.4B$2.1BRevenueGross ProfitOperating IncomeNet Income

MNST Revenue by Segment

Monster Energy Drinks$2.2B+27.6%
Strategic Brands$126.7M+28.9%
Alcohol Brands$32.7M−5.9%
Other$5.3M−12.0%

MNST Revenue by Geography

United States$1.3B
Rest of World$1.1B+44.9%

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