Monster Beverage Q2 2026 earnings: International growth lifts revenue 20.2%

Monster Beverage’s Q2 2026 net sales rose 20.2% to $2.54 billion, while diluted EPS increased 19.0% to $0.59. International sales climbed 34.6% to $1.16 billion and reached 46% of total revenue, led by 21.6% growth in the Monster Energy Drinks segment. Gross margin edged up to 55.9%, but heavier distribution and marketing spending lifted operating expenses to 26.8% of sales and reduced operating margin to 29.2%. The quarter shows broad energy-drink volume growth, favorable currency effects, and rising investment costs that investors should monitor.