Monster Beverage Corporation · MNST · FY2025 Q3 · Calendar Q4 2025

Monster Beverage: Strong International Growth, Broad 2026 Launch Pipeline

The supplied analysis supports a constructive but qualified view: resilient demand, international growth, pricing actions and product innovation provide evidence for continued earnings momentum, while the lack of explicit 2026 guidance, input-cost exposure, Mexico taxes and competitive intensity leave the durability of that growth unproven.

Reported After market closeNASDAQConsumer Defensive $83.99B market cap
90quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.56 Consensus $0.48
EPS surprise +17.0% Reported versus consensus
Reported revenue $2.20B Consensus $2.11B
Revenue surprise +4.2% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +5.2% Event window
SPY move +0.1% Same window
Abnormal move +5.1% Stock minus SPY
Volume 2.6× Versus trailing sessions
Subsequent drift +6.0% Up to 20 sessions
MNSTSPY benchmark

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Transcript intelligence

What changed

The quarter added evidence of broad-based international momentum, margin support from pricing and supply-chain actions, and a substantial product pipeline extending into 2026. Management also identified Mexico excise taxes and aluminum-related costs as risks to monitor.

Guidance delta

No explicit forward guidance was provided. Management instead emphasized product launches, pricing, trade-spend optimization and continued international expansion.

Key takeaways

  • Management described record quarterly revenue and profitability, with growth across major regions.
  • International momentum was notable, with EMEA and APAC highlighted as strong contributors.
  • Pricing actions and supply-chain efficiencies supported margin expansion despite higher aluminum costs.
  • A broad pipeline of new SKUs and limited-time offerings is planned through 2026.
  • Tariff effects were described as modest, while Mexico excise taxes and competition remain watch items.

Management priorities

  • Expand household penetration and the functional energy-drink portfolio.
  • Continue innovation across zero-sugar, energy and adjacent beverage offerings.
  • Use pricing and trade-spend optimization to support margins.
  • Grow affordable-concentrate offerings internationally.
  • Continue partnership expansion with the Coca-Cola system and major sponsorships.

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Earnings History

Estimate Beat Miss Match
MNST REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $2B Q1 '24 actual $2B, match Q2 '24 estimate $2B Q2 '24 actual $2B, miss Q3 '24 estimate $2B Q3 '24 actual $3B, beat Q2 '25 estimate $2B Q2 '25 actual $2B, beat Q3 '25 estimate $2B Q3 '25 actual $2B, beat Q4 '25 estimate $2B Q4 '25 actual $2B, beat Q1 '26 estimate $2B Q1 '26 actual $2B, beat Q2 '26 estimate $2B Q2 '26 actual $3B, beat Q3 '26 estimate $2B Q4 '26 estimate $2B Q1 '27 estimate $3B
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Analyst Consensus ?

ConsensusHold44 ratings
Bullish2352.3%
Neutral1840.9%
Bearish36.8%

Analyst 52W Price Targets

$42.94Current
$23Low
$74.11Average
$105High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
UBS Neutral NeutralMaintainAug 7, 2026
RBC Capital Outperform OutperformMaintainAug 7, 2026
Piper Sandler Overweight OverweightMaintainAug 7, 2026
Evercore ISI Group Outperform OutperformMaintainAug 7, 2026
Deutsche Bank Hold BuyDowngradeJul 20, 2026
Show 39 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $42.94. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Deutsche BankAnalyst unavailable$100$90.36 +132.9%Aug 10, 2026
RBC CapitalNik Modi$97$94.65 +125.9%Aug 5, 2026
BMO CapitalAndrew Strelzik$95$97.5 +121.2%Jul 20, 2026
Deutsche BankSteve Powers$98$97.5 +128.2%Jul 20, 2026
UBSAnalyst unavailable$104$99.59 +142.2%Jul 16, 2026
See 66 more

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Company context

Snapshot as of publication

Monster Beverage Corporation is a global entity primarily involved in the innovation, marketing, sale, and distribution of energy beverages and concentrates. Its business operations are categorized into three main divisions: Monster Energy Drinks, Strategic Brands, and a segment designated as "Other." The company boasts an extensive product portfolio, encompassing a wide array of carbonated energy drinks, alongside various non-carbonated options. These include ready-to-drink iced teas, lemonades, diverse juice cocktails, single-serving juices, and fruit beverages. Additionally, their offerings extend to ready-to-drink dairy and coffee-based concoctions, specialized sports drinks, single-serve still waters, and a selection of sodas described as natural, sparkling juices, and flavored sparkling beverages. Monster Beverage distributes its products through a comprehensive network, supplying bottlers and full-service beverage distributors.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-10-03T17:50:41.653804+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T17:50:41.651060+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-03. For educational purposes only; not investment advice.