Monster Beverage Q3 2026: sales up 16.7%, margin slips, EPS light
Monster grew third-quarter sales 16.7% to $2.56 billion, but earned $0.29 a share on a GAAP basis and $0.30 adjusted, both below the $0.305 consensus, while gross margin fell to 54.7% from 55.7%. The quarter is a fast-growing international business paying more for cans and freight. Read it as growth with a thinner mark-up, not a broken story: Neutral.
1 · Expected vs. Actual
Free preview belowGAAP earnings per diluted share rose 7.8% to $0.29 and adjusted EPS rose 8.5% to $0.30, both short of the $0.305 consensus by a small but real margin. Net income of $568.4 million grew 8.4%, less than half the revenue growth rate, because gross margin lost a full point and operating expenses jumped 24.2% to $682.0 million.
Sales of $2.56 billion beat last year's $2.20 billion by 16.7%, and $1.20 billion of that came from outside the United States, up 28.1% and now 47% of the total. The core Monster Energy Drinks segment rose 17.1% to $2.37 billion, Strategic Brands rose 19.8% to $156.4 million, and only the small Alcohol Brands segment fell, down 13.6% to $28.5 million.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-06
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.