Shares of monday.com experienced a 6.35% surge on Monday following the release of its stronger-than-anticipated Q2 2026 financial results.
The stock launched trading at $93.13, placing the company’s market capitalization near $4.76 billion. While shares remain considerably below the 52-week peak of $252.86, they’ve recovered notably from the $57.50 low.
The cloud-based work management platform delivered earnings of $1.48 per share for the quarter, exceeding Wall Street’s consensus projection of $1.11 by a significant margin. Quarterly revenue of $364.62 million also surpassed analyst expectations of $355.55 million.
MONDAY .COM $MNDY Q2’26 EARNINGS HIGHLIGHTS
Revenue: $364.6M (Est. $355M)
; +22% YoY
FY26 Guide:
— Wall St Engine (@wallstengine) August 10, 2026
The revenue performance marks a 22% increase compared to the same period last year. The company achieved record non-GAAP operating income of $61.1 million, while GAAP operating losses contracted to merely $1.5 million.
Company leadership highlighted an organizational restructuring that intensified its commitment to the AI Work Platform as a primary catalyst. Artificial intelligence-related annual recurring revenue doubled sequentially and now represents 17% of net new ARR additions.
The expansion among premium customers proved particularly noteworthy. Organizations contributing more than $100,000 in annual recurring revenue increased 37% on a year-over-year basis.
Meanwhile, customers exceeding $500,000 in ARR experienced a remarkable 68% surge. Total remaining performance obligations climbed 34% to reach $937 million.
During the second quarter, the company finalized its $870 million share buyback program. Additionally, management approved the transfer of approximately 197,000 shares to its charitable foundation for distribution in Q3.
The company posted a net margin of 9.17% alongside a 5.10% return on equity. Currently, the stock is valued at a price-to-earnings multiple of 40.49.
Street sentiment shows cautious optimism, with seventeen analysts maintaining Buy recommendations, seven rating it Hold, and one assigning a Sell rating.
The consensus price objective stands at $126.78, suggesting substantial upside from current trading levels.
Canaccord Genuity revised its price target downward from $140 to $115 while preserving its Buy recommendation. BTIG adjusted its target from $115 to $105, also maintaining a Buy stance.
UBS maintains a Neutral position with an $85 price objective. Piper Sandler elevated its target from $85 to $90 while keeping a Neutral rating.
Tigress Financial represents the most optimistic viewpoint with a $165 price target alongside a Buy rating.
Institutional shareholders control approximately 73.7% of outstanding shares. T. Rowe Price expanded its position by 15% during Q4, currently maintaining ownership of more than 1.27 million shares.
Looking ahead to Q3 and fiscal year 2026, monday.com projected revenue expansion in the mid- to high-teens percentage range alongside mid-teens non-GAAP operating margins.
Leadership identified potential foreign exchange challenges as an important consideration for the latter half of the fiscal year.
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