monday.com (NASDAQ:MNDY) Announces Earnings Results

monday.com (NASDAQ:MNDY) announced its earnings results on Monday. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.34, FiscalAI reports. The business had revenue of $364.62 million for the quarter, compared to analysts’ expectations of $355.55 million. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS.

Here are the key takeaways from monday.com’s conference call:

• Q2 revenue rose 22% year over year to $365 million, while non-GAAP operating margin improved to 17% from 15% a year ago. The company also reported record additions among customers with more than $100,000 and $500,000 in ARR.
• AI ARR doubled sequentially and accounted for 17% of net new ARR in Q2. Customers are increasingly consuming AI credits and topping up beyond their initial packages, suggesting a new expansion and monetization opportunity.
• Management is prioritizing enterprise and upmarket growth, supported by vendor consolidation demand and a planned expansion of forward-deployed engineering resources to help customers implement AI. Gross retention reached a historical high.
• Fiscal 2026 guidance calls for revenue of $1.466 billion-$1.474 billion, or 19%-20% growth, with management citing near-term disruption from its organizational restructuring and pressure from lapping prior price increases. Full-year NDR is expected to moderate to approximately 108%.
• The company reduced its global workforce by approximately 20% and expects headcount to remain about 20% lower by year-end. While most of the expected $100 million in annualized savings will be reinvested in AI, products, and talent, management acknowledged execution risk during the transition.

monday.com Stock Performance

Shares of MNDY opened at $88.62 on Tuesday. monday.com has a 1 year low of $57.50 and a 1 year high of $220.80. The stock has a market capitalization of $4.53 billion, a PE ratio of 38.53, a P/E/G ratio of 4.66 and a beta of 1.24. The company’s 50-day simple moving average is $80.61 and its 200-day simple moving average is $79.34.

More monday.com News

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: monday.com reported second-quarter adjusted earnings of $1.48 per share, well above the $1.14 analyst consensus, while revenue of $364.6 million exceeded expectations of $355.6 million. Revenue increased 21.9% year over year, and the company highlighted continued progress in artificial-intelligence products. Monday.com Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The earnings presentation and call emphasized monday.com’s AI Work Platform and enterprise strategy, potentially supporting longer-term growth if the investments translate into stronger adoption and monetization. monday.com 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Piper Sandler reaffirmed its Neutral rating and set a $90 price target, while Capital One downgraded the shares from Overweight to Equal Weight but assigned a $95 target. These actions suggest limited near-term conviction despite targets above the referenced share price. Piper Sandler Rating Update
• Negative Sentiment: Third-quarter revenue guidance of $368 million to $370 million implies 16%–17% growth and fell short of the roughly $372.8 million consensus. The softer outlook overshadowed the earnings beat and raised concerns about slowing growth. monday.com Stock Drops as Weak Q3 Outlook Overshadows AI Progress
• Negative Sentiment: Investors also reacted to monday.com’s major restructuring, including a reported 20% workforce reduction, or approximately 630 positions, as the company reallocates resources toward AI and enterprise customers. The transition creates execution and disruption risks, while full-year revenue guidance was reportedly reaffirmed rather than raised. monday.com Slides as Earnings Beat Is Overshadowed by Soft Q3 Outlook

Institutional Investors Weigh In On monday.com

Several hedge funds and other institutional investors have recently bought and sold shares of MNDY. Royal London Asset Management Ltd. grew its stake in shares of monday.com by 8.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 1,792 shares of the company’s stock valued at $264,000 after buying an additional 140 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in monday.com by 5,166.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,896 shares of the company’s stock worth $280,000 after buying an additional 1,860 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of monday.com in the 4th quarter worth approximately $221,000. Elevation Point Wealth Partners LLC bought a new stake in shares of monday.com in the 4th quarter valued at approximately $286,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of monday.com by 25.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,849 shares of the company’s stock valued at $273,000 after acquiring an additional 379 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MNDY has been the topic of several analyst reports. Canaccord Genuity Group cut their target price on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Barclays increased their target price on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. BTIG Research reissued a “buy” rating and issued a $105.00 price target on shares of monday.com in a report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of monday.com in a report on Thursday, June 11th. Finally, Oppenheimer set a $115.00 price objective on monday.com in a research report on Monday, May 11th. Fifteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.17.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.