Earnings Releases·Nov 5, 2026, 4:32 PM ET

Monster Beverage Corporation — Third Quarter 2026 Earnings Summary

Net sales rose 16.7% year-over-year to $2.56 billion for the quarter, driven by a 17.1% increase in the Monster Energy® segment and 28.1% growth in international markets, which now account for 47% of total sales.
Net income increased 8.4% to $568.4 million, though gross margin contracted to 54.7% from 55.7% due to higher aluminum, freight, and fuel costs, while operating expenses rose 24.2% to $682.0 million.
The company executed $100.0 million in share repurchases (2.3 million shares) and maintains $800.0 million remaining in its authorization, following a two-for-one stock split effective August 10, 2026.
Management provided no specific forward-looking financial guidance, emphasizing continued innovation and new product launches to support growth despite gross margin pressures and potential regulatory risks.