TLDR
- monday.com reported Q2 EPS of $1.48, beating the $1.11 estimate by $0.37
- Revenue came in at $364.62 million, above the $355.55 million forecast
- AI-related ARR doubled quarter-over-quarter, reaching 17% of net new ARR
- Customers generating over $100K in ARR grew 37%; those above $500K jumped 68%
- MNDY stock opened at $93.13, up around 6.35% on the day
monday.com stock was trading up 6.35% on Monday after the company posted better-than-expected Q2 2026 results.
MNDY opened at $93.13, giving the company a market cap of around $4.76 billion. The stock is still well below its 52-week high of $252.86 but has climbed from a low of $57.50.
The company reported EPS of $1.48 for the quarter, beating the consensus estimate of $1.11 by $0.37. Revenue reached $364.62 million, topping forecasts of $355.55 million.
MONDAY .COM $MNDY Q2’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $364.6M (Est. $355M) 🟢; +22% YoY
🔹 Adj. EPS: $1.48 (Est. $1.11) 🟢; +36% YoY
🔹 Non-GAAP Oper Income: $61.1M (Est. $47.2M) 🟢; +35% YoY
🔹 AI Products ARR: 17% of net new ARRFY26 Guide:
🔹 Revenue: $1.47B-$1.47B (Est.… pic.twitter.com/THmav9L9KQ— Wall St Engine (@wallstengine) August 10, 2026
That revenue figure represents 22% year-over-year growth. Non-GAAP operating income hit a record $61.1 million, while GAAP operating loss narrowed to just $1.5 million.
Management pointed to a restructuring that sharpened its focus on its AI Work Platform as a key driver. AI-related ARR doubled from the prior quarter and now accounts for 17% of net new ARR.
Enterprise Growth Stands Out
Customer growth at the high end was a standout. The number of customers generating over $100,000 in ARR grew 37% year-over-year.
Customers above $500,000 in ARR jumped 68%. Total remaining performance obligations rose 34% to $937 million.
The company also completed its $870 million share repurchase authorization during Q2. It approved a transfer of nearly 197,000 shares to its foundation for execution in Q3.
Net margin came in at 9.17% with a return on equity of 5.10%. The stock trades at a price-to-earnings ratio of 40.49.
What Analysts Are Saying
Analyst sentiment is mixed but leans positive. Seventeen analysts carry a Buy rating, seven have a Hold, and one has a Sell.
The average price target sits at $126.78, well above where the stock is trading now.
Canaccord Genuity cut its target from $140 to $115 but kept a Buy rating. BTIG lowered its target from $115 to $105, also maintaining Buy.
UBS has a Neutral rating with an $85 target. Piper Sandler raised its target from $85 to $90 with a Neutral rating.
Tigress Financial holds the most bullish view with a $165 target and a Buy rating.
Institutional investors own roughly 73.7% of the stock. T. Rowe Price increased its stake by 15% in Q4, now holding over 1.27 million shares.
Guidance
For Q3 and the full year 2026, monday.com guided for mid- to high-teens revenue growth and mid-teens non-GAAP operating margins.
Management flagged expected foreign exchange headwinds as a factor to watch going into the second half of the year.
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