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CELH · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Celsius Holdings, Inc. Common Stock (CELH) stock moving?
Celsius reported Q3 2026 results on Nov 5: revenue rose 17% to $847.2M and adjusted EPS of $0.41 beat estimates of $0.35, with YTD revenue up 36%. The quality of the beat was mixed: gross margin fell 450 bps to 46.8%, adjusted EBITDA slipped 3% to $198.6M, and CELSIUS brand revenue dropped about 6% on SKU optimization, while international revenue grew 78%. Management paired the report with a brand-led U.S. structure and new leaders for CELSIUS and Rockstar Energy & Emerging Growth. The stock fell to $30.04 on Nov 5 on roughly 14.0M shares, about 2.5 times the recent average, then recovered to $32.16 on Nov 6 and reached a 30-day high of $33.19 on Nov 9 before closing at $32.80 on Nov 10 with lower volume. Analysts stayed constructive after the report: Needham raised its target to $40 from $35 and B. Riley trimmed its target to $53 from $56, both keeping Buy ratings. Headwinds include a healthwashing class action filed Oct 29 and a study on energy drinks and cardiac risk reported Nov 2. The price is up about 17% from $28 in late October, and the stock is still below both published targets.
News behind the analysis
- B. Riley Securities Reiterates Buy on Celsius Holdings, Lowers Price Target to $53B. Riley reiterated its Buy rating and cut its price target to $53 from $56.
- Needham Raises Price Target on Celsius Holdings to $40Needham raised its price target to $40 from $35 and kept its Buy rating.
- B. Riley Adjusts Celsius Holdings Price Target to $53B. Riley lowered its price target to $53 from $56 while maintaining a Buy rating.
- Needham Maintains Buy on Celsius Holdings, Raises Price Target to $40Needham kept its Buy rating and lifted its price target to $40 after the quarterly report.
- Celsius Stock Gains on Q3 Earnings Beat, Leadership OverhaulShares rose after Q3 revenue and earnings beat estimates, led by Alani Nu and international growth despite margin pressure.
- Celsius Holdings Reports Q3 2026 Financial ResultsQ3 2026 revenue was $847.2 million and adjusted EPS was $0.41, both above analyst expectations.
- Celsius Holdings Q3 Adj. EPS $0.41 Beats $0.35 Estimate, Sales $847.228M Beat $796.010M EstimateAdjusted EPS of $0.41 beat the $0.35 estimate, and sales of $847.2M beat the $796.0M estimate.
- Celsius Holdings Unveils Brand-Led U.S. Organizational Structure Comprising Business Units CELSIUS, Alani Nu, And Rockstar Energy & Emerging GrowthThe company introduced a brand-led U.S. structure with separate business units for CELSIUS, Alani Nu, and Rockstar Energy & Emerging Growth.
- Reported Earlier: 'Energy Drinks Linked To Higher Risk Of Cardiac Arrest In Young Adults, Study Finds; Adverse Events Related To The Heart Were Far More Common For Energy Drinks And Stimulant Supplements Than Other FDA-Regulated Products' - NBC NewsA study reported by NBC News links energy drinks to higher cardiac arrest risk in young adults, a sector-wide health concern.
- Proposed Class Action Lawsuit Filed Against Celsius Holdings Over 'Healthwashing' ClaimsA proposed class action alleges Celsius falsely advertised its drinks as able to burn fat and speed up metabolism.
About Celsius Holdings, Inc. Common Stock
Celsius Holdings is a Florida-based maker of 'modern energy' drinks. Its main brand is CELSIUS, and it also owns Alani Nu and Rockstar. It is one of the fastest-growing names in the zero-sugar U.S. energy drink category, and PepsiCo, which is also a shareholder, handles most of its distribution.
How it makes money
Almost all of its revenue comes from selling canned energy drinks across its brands (CELSIUS, Alani Nu, Rockstar and others). Most of these sales go through PepsiCo's distribution network to grocery stores, convenience stores, club stores and online retailers, mainly in North America, with a smaller but growing international business. Quarterly revenue recently reached a record of roughly $850 million (Q3 2026, up about 17% year over year).
What usually moves CELH
- Growth of the U.S. energy drink category and Celsius's share of it
- Weekly retail scanner data and shelf-space gains
- The PepsiCo distribution relationship and how much inventory distributors hold
- How well the acquired brands (Alani Nu, Rockstar) are integrated
- Ingredient and aluminum can costs that affect profit margins