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Monday.com Raises 2026 Revenue Outlook After Surprise First-Quarter Earnings Gain

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Monday.com Raises 2026 Revenue Outlook After Surprise First-Quarter Earnings Gain

Monday.com (MNDY) lifted its full-year revenue outlook after the project management software company posted a surprise first-quarter earnings gain.

Revenue this year is now expected at $1.466 billion to $1.474 billion, up 19% to 20% from a year earlier, the company said Monday. The previous forecast was $1.45 billion to $1.46 billion, up 18% to 19%. The FactSet consensus is $1.46 billion.

Full-year adjusted operating income guidance was increased to $185 million to $191 million from the previous forecast of $165 million to $175 million.

The company's shares rose 5.7% in Monday trading, paring earlier gains. The stock has dropped 48% this year.

In the first quarter, adjusted earnings rose to $1.15 a share from $1.10 a year earlier. The market consensus was $0.93. Revenue climbed 24% to $351.3 million, topping Wall Street's estimate of $339.1 million.

"(The first quarter) was a strong quarter across every financial dimension, with revenue, margins and cash flow all coming in ahead of expectations," Chief Financial Officer Eliran Glazer said in a statement. "The AI productivity gains we are seeing inside our own organization are demonstrating that we can grow revenue without growing headcount in lockstep, a dynamic we believe will be a meaningful driver of operating leverage over time."

The number of paid customers generating more than $500,000 in annual recurring revenue rose 74% to 99 from a year earlier, while those contributing more than $100,000 increased 39% to 1,844, the company said.

Monday.com expects second-quarter revenue to increase 18% to 19% to $354 million to $356 million from a year earlier. The market consensus is $354.2 million. Adjusted operating income is projected at $46 million to $48 million.

Price: $76.18, Change: $+4.11, Percent Change: +5.70%

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