MNST · 10-Q · 2026Q2 · Full report
Revenue Performance and Demand
Monster Beverage Corp · 2026-08-07 · Importance 59 · Surprise 48 · No source text
Worldwide consumer demand for Monster Energy® brand energy drinks increased, driving net sales growth of 20.2% in the second quarter and 23.3% in the first six months of 2026. Energy drink case sales increased 22.3% to 304.9 million cases in the second quarter and 25.3% to 579.4 million cases in the first six months. Monster Energy® Drinks remained the dominant segment, representing 92.8% of second-quarter net sales, while international operations excluding Canada generated operating income of $247.5 million in the quarter and $481.3 million year to date. Alcohol demand weakened, with craft beer, FMB and hard seltzer case sales declining 16.1% in the quarter and 11.3% in the first six months, primarily due to lower sales of The Beast™.
Key facts
- Gross billings were $5,758,287 thousand for the six-months ended June 30, 2026, an increase of 23.5% from $4,662,866 thousand for the six-months ended June 30, 2025. source
- Energy drink case sales were 304,944 thousand (304.944 million) 192-ounce case equivalents for the three-months ended June 30, 2026, a 22.3% increase from 249,336 thousand for the three-months ended June 30, 2025. source
- Case sales for energy drink products were 579,404 thousand cases for the six-months ended June 30, 2026, an increase of 25.3% from 462,436 thousand cases for the six-months ended June 30, 2025. source
- Net sales were $4.890764 billion for the six-months ended June 30, 2026, a 23.3% increase from $3.966150 billion for the six-months ended June 30, 2025. source
- Net sales for the Monster Energy® Drinks segment were $4.54 billion for the six-months ended June 30, 2026, an increase of approximately $891.9 million, or 24.4% higher than $3.65 billion for the six-months ended June 30, 2025. source
- Net sales were $2,537,473 thousand ($2.537473 billion) for the three-months ended June 30, 2026, a 20.2% increase versus $2,111,593 thousand for the three-months ended June 30, 2025. source
- Gross billings were $2,992,358 thousand for the three-months ended June 30, 2026, an increase of 19.7% from $2,500,676 thousand for the three-months ended June 30, 2025. source
- Net sales were $2.54 billion for the three-months ended June 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +43.2% | Gross billings were $5,758,287 thousand for the six-months ended June 30, 2026, an increase of 23.5% from $4,662,866 thousand for the… |
| revenue | positive | realized | +36.4% | Net sales were $4.890764 billion for the six-months ended June 30, 2026, a 23.3% increase from $3.966150 billion for the six-months ended… |
| revenue | positive | realized | +16.8% | Net sales were $2,537,473 thousand ($2.537473 billion) for the three-months ended June 30, 2026, a 20.2% increase versus $2,111,593… |