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Sentiment · FY2026 Q2
Monster posted record fiscal-first-quarter net sales of $2.35 billion, up 26.9% year over year and crossing the $2 billion threshold for the first time in a fiscal first quarter, with double-digit growth across every geographic region. GAAP diluted EPS rose 27.6% to $0.58 from $0.45 and operating income grew 28.1% to $730.0 million, even as gross margin slipped to 55.0% from 56.5% on geographic sales mix (roughly a 120 basis point headwind), higher aluminum can costs, and out-of-orbit production freight. International was the standout, with sales up 44.9% to $1.06 billion, or about 45% of the total, and Monster overtaking both V and Red Bull to become the value market leader in Australia. Management flagged continued modest sequential cost increases from tariff-driven aluminum Midwest Premium pressure through at least the end of 2026, while pointing to April sales tracking roughly 24.4% above the prior year as evidence the momentum is carrying forward.
Pricing | Demand | Competitive Dynamics | Margin | Product Launch | Geographic Expansion | Trade Tariffs | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 2 | 1 | 2 | 1 | 2 | 2 | ||
| 2025Q1 | 1 | 2 | 1 | 1 | 1 | 1 | ||
| 2025Q2 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| 2025Q3 | 3 | 1 | 1 | 2 | 2 | |||
| 2025Q4 | 1 | 1 | 2 | 2 | 1 | 3 | 1 | 1 |
| 2026Q1 | 1 | 3 | 3 | 1 | 2 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Pricing | 2 | 1 | 3 | 3 | 1 | 1 |
| Demand | 1 | 2 | 2 | 1 | 1 | 3 |
| Competitive Dynamics | 2 | 1 | 1 | 1 | 2 | 3 |
| Margin | 1 | 1 | 1 | 2 | 2 | 1 |
| Product Launch | 2 | 1 | 1 | 1 | 2 | |
| Geographic Expansion | 1 | 2 | 3 | 1 | ||
| Trade Tariffs | 2 | 1 | 1 | |||
| Supply Chain | 1 | 1 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bonnie Herzog | Goldman Sachs | 7 (14%) |
| Dara Mohsenian | Morgan Stanley | 7 (0%) |
| Chris Carey | Wells Fargo |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.81B | +4.7% | $0.28 | -20.0% | 55.3% | 21.0% | 14.9% | $370M |
| FY2025 Q1 | $1.85B | -2.3% | $0.45 | +7.1% | 56.5% | 30.7% | 23.9% | $479M |
| FY2025 Q2 | $2.11B | +11.1% | $0.50 |
| Filippo Falorni | Citigroup | 4 (25%) |
| Matt Smith | Stifel | 3 (0%) |
| Kaumil Gajrawala | Jefferies | 3 (0%) |
| Rob Ottenstein | Evercore ISI | 3 (0%) |
| Kevin Grundy | BNP Paribas | 2 (50%) |
| Andrea Teixeira | JPMorgan | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 | 7 (0%) |
| Goldman Sachs | 1 | 7 (14%) |
| Wells Fargo | 1 | 4 (0%) |
| Citigroup | 1 | 4 (25%) |
| Jefferies | 1 | 3 (0%) |
| Evercore ISI | 1 | 3 (0%) |
| Stifel | 1 | 3 (0%) |
| BNP Paribas | 1 | 2 (50%) |
| +22.0% |
| 55.7% |
| 29.9% |
| 23.1% |
| $435M |
| FY2025 Q3 | $2.20B | +16.8% | $0.53 | +39.5% | 55.7% | 30.7% | 23.9% | $702M |
| FY2025 Q4 | $2.13B | +17.6% | $0.46 | +64.3% | 55.5% | 25.5% | 21.1% | $351M |
| FY2026 Q1 | $2.35B | +26.9% | $0.58 | +28.9% | 55.0% | 31.0% | 24.2% | $584M |
| FY2026 Q2 | $2.54B | +20.2% | $0.59 | +18.0% | 55.9% | 29.2% | 23.0% | — |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What MNST and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“our guests have early access to Monster's Ultra Red, White and Blue Razz flavor, celebrating 250 years of American independence.”
Casey's secured a near-exclusive early launch of a new Monster Energy flavor through joint business planning, a positive distribution win for Monster.
“including our upgrade to SAP S/4HANA with a planned go-live date of January 1, 2028.”
Monster is upgrading its enterprise systems to SAP S/4HANA with a 2028 go-live, a read-through on SAP as Monster's ERP vendor.
“Notably, Monster has now overtaken both V and Red Bull to become the market leader in Australia on a value basis.”
Monster overtook Red Bull to become the value market leader in Australia, a negative competitive read-through for Red Bull's Australian share.
“Monster Energy Green will be available in vending machines owned by Coca-Cola Bottlers Japan Inc. beginning this summer.”
Monster will gain vending-machine distribution through Coca-Cola Bottlers Japan starting this summer, a new channel win via its bottling partner in Japan.
“our solid partnership with the Coca-Cola Company and its global bottling partners.”
Monster cites its ongoing distribution partnership with the Coca-Cola Company and its bottlers as a core support for the business, a positive read-through on the Coca-Cola system's Monster relationship.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MNST Monster Beverage | 8 | +26.9% | |
| KDP Keurig Dr Pepper | 6 | +9.4% | |
| KO The Coca-Cola Company | 9 | +12.1% | |
| PEP PepsiCo | 8 | +8.5% |