Monster Beverage earnings: results of 5 November 2026

Monster Beverage's third quarter of 2026: sales rose 16.7% to $2.56 billion, almost all of it real demand rather than exchange rates, led by fast growth outside the United States. Profit grew about half as fast as sales: dearer aluminum cans, freight and heavier marketing took a bigger share of each dollar, and adjusted earnings per share rose 8.5% to $0.30. ¹

Against what analysts expected

Monster's adjusted earnings per share were $0.30, exactly the $0.30 analysts expected on average according to Nasdaq's earnings calendar; the forecast is set against that adjusted figure. Reported earnings per share, after the one-time property write-down, were $0.29. ¹²

The strong points

• Sales grew 16.7% to $2.56 billion, and nearly all of that came from people buying more rather than from exchange rates. ¹
• Sales outside the United States jumped 28.1% and now make up almost half of the total. ¹
• The money Monster holds in cash and investments kept growing, with its investments roughly doubling since December, and it has no borrowings. ¹

The weak points

• Adjusted earnings per share, the company's own figure that leaves out a one-time property write-down, rose 8.5%, about half as fast as sales. ¹
• Gross margin, what is left of each sales dollar after the direct cost of making and moving the drinks, slipped to 54.7% from 55.7%. ¹
• Freight, fuel and marketing costs grew faster than sales, taking a bigger share of each dollar. ¹

What the company expects

• Monster gave no forecast for the fourth quarter or the full year, as is its habit, so there is no company figure to hold it to. ¹
• The company says it is still spending more on marketing across new platforms and partnerships and still launching new products, without putting a figure on it. ¹

Our verdict on the quarter

A strong report. With no forecast from the company to judge, a quarter of fast, genuine sales growth and profit exactly where analysts expected makes this a strong report, held back by costs that let profit grow only half as fast as sales.

The results as published

• The results release itself
• The filing it came with (SEC)
• The previous results, for what it forecast then

Notes

1. Monster Beverage's results release, 5 November 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 5 November 2026. ↩