Monday.com Shares Dip on Revenue Forecast Despite Q2 Beat

In the second quarter ending August 10, 2026, monday.com (NASDAQ: MNDY) surpassed analyst expectations. The AI work platform reported adjusted earnings per share of $1.48 and revenue of $364.6 million, a 22% year-over-year increase. The company also achieved record adjusted operating income of $61.1 million, with a 17% margin. Co-founders and co-CEOs Roy Mann and Eran Zinman expressed confidence in their strategy, noting that Annual Recurring Revenue (ARR) from AI products doubled in the quarter. Despite these positive results, monday.com's outlook for the third quarter presented a challenge. The projected revenue of $368 million to $370 million fell below the consensus estimate of $372.85 million. This guidance indicated a growth deceleration to 16-17% year-over-year. For the full year 2026, the company anticipates revenue between $1.466 billion and $1.474 billion, forecasting 19% to 20% growth. monday.com also saw substantial growth in high-value customers, with those spending over $100,000 in ARR increasing by 37% to 2,019.