Monster Beverage's stock surged 5.77% in pre-market trading, extending gains from the previous session after the company reported first-quarter 2026 results that significantly exceeded Wall Street expectations.

The energy drink maker posted adjusted earnings of $0.58 per share, beating the consensus estimate of $0.53, while revenue jumped 26.9% year-over-year to $2.35 billion, surpassing expectations of $2.16 billion. A key driver was the company's international performance, with sales outside the United States soaring nearly 45% to over $1 billion, now representing approximately 45% of total revenue.

The positive market reaction was further supported by analyst actions, including JP Morgan raising its price target on Monster Beverage to $83 from $78. CEO Hilton H. Schlosberg noted that "the global energy drink category continues to demonstrate solid growth, driven by increased consumer demand," highlighting the company's strong position in the expanding energy drink market.