Monster Beverage (MNST) Q3 2026 Earnings Review: Overseas growth lifts sales, but costs squeeze margins
Earnings results
- EPS in line
Adjusted profit per share: $0.30 · Consensus: $0.30.
- Revenue beat
Actual: $2.56 billion · Consensus: $2.48 billion.
- Guidance
No quantified sales or earnings outlook provided in the release.
What the company reported
Monster reported 16.7% revenue growth, driven by strong international energy-drink demand, while higher aluminum can, freight and marketing costs meant adjusted profit grew more slowly than sales.
Q3 2026 earnings recap
Monster’s overseas sales rose 28%, helping revenue beat forecasts, but higher can, freight and marketing costs kept profit growth well below sales growth.
- Third-quarter revenue rose 16.7% to $2.56 billion, while adjusted profit per share of $0.3 matched consensus and reported profit per share reached $0.29.
- International customers now account for 47% of sales, with Latin American sales up nearly 49%, giving Monster a larger growth engine beyond the United States.
- Gross margin fell to 54.7% from 55.7%, and higher operating expenses limited adjusted operating-profit growth to 7.1%.
- Monster provided no numerical sales or earnings outlook in the release, making its ability to offset rising costs with pricing and volume the next key test.
- Shares traded at $45.08 before open on November 6, down 5.7% from the prior close and below the recent $47.02–47.74 trading area.
- At the November 5 close, the stock traded at roughly 43 times trailing reported earnings, leaving a demanding valuation if margin pressure persists.
Watch whether international demand and new products can sustain growth while stronger pricing and cost control restore more of each sales dollar to profit.
Financials, technicals and earnings
Charts through Nov 5, 2026.
Technical setup and risks
The November 5 close was above the 20-day and 50-day averages, but before-open trading on November 6 fell below the recent US$47.02–47.74 low area; the next regular-session close tests whether the recent rebound survives.
AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.