Monster Beverage (MNST) reported net income of $568.4 million in the third quarter of 2026, up 8.4% from $524.5 million in the same period of 2025. Diluted earnings per share (EPS) were $0.29, compared with $0.27 a year earlier. Adjusted net income (non-GAAP, which excludes items the company considers non-recurring) was $591.1 million, and adjusted EPS came in at $0.30.
Net sales rose 16.7% to $2.56 billion, compared with $2.20 billion in 3Q25. Sales outside the United States grew 28.1% to $1.20 billion and accounted for about 47% of the total. In Latin America, sales increased 48.8% in dollars, driven mainly by operations in Brazil, according to CEO Hilton H. Schlosberg.
Gross margin was 54.7%, compared with 55.7% in 3Q25, due to higher aluminum can costs, geographic mix and freight, partially offset by price increases. Operating income rose 6.4% to $718.7 million. The result included a $19.9 million write-down of property and equipment and $14.7 million in expenses related to digital transformation. The company also reported adjusted operating income of $748.1 million, up 7.1%.
In the nine months ended September 30, 2026, revenue rose 20.9% to $7.45 billion, and net income grew 18.3% to $1.72 billion, with EPS of $0.87.
During the quarter, Monster repurchased about 2.3 million shares at an average price of $43.87, for a total of approximately $100 million. As of November 4, 2026, about $800 million remained available under the authorized repurchase programs.
