EarningsQ2 2026 Earnings Report
MX:MNDYN Q2 2026 EPS Results
Actual EPS$26.78
Consensus EPS$20.16
Beat/MissBeat by +$6.62
One Year Ago EPS$19.72
MX:MNDYN Q2 2026 Revenue Results
Actual Revenue$6.60B
Expected Revenue$6.43B
Beat/MissBeat by +$164.16M
YoY Revenue Growth+21.94%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeBefore Open
Conference CallMonday, August 10, 2026
MX:MNDYN Upcoming Earnings
Monday.com's next earnings date is estimated for November 16, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:MNDYN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights solid top-line growth (22% YoY in Q2), improved profitability (non-GAAP operating margin expanding to 17%), strong upmarket traction (large-account growth of 37% and 68% in $100k+/ $500k+ cohorts), and accelerating AI adoption (AI ARR doubled QoQ and early monetization via credit consumption). Offsetting these positives are a sizeable ~20% workforce reduction with near-term execution risk, cautious/tempered guidance for the year, downmarket demand and marketing headwinds, FX-driven margin pressure, and higher R&D intensity as the company retools around AI. Overall, the positives around revenue, ARR milestone, profitability expansion and early AI adoption outweigh the transition-related risks and conservatism.Company Guidance
Strong Top-Line Growth
Q2 revenue of $365 million, up 22% year-over-year; full year 2026 revenue guidance of $1.466B–$1.474B (19%–20% YoY). Q3 revenue guidance of $368M–$370M (16%–17% YoY).
ARR Milestone
Crossed $1.5 billion in ARR in July — a milestone cited as evidence of core-business durability during the company’s AI transition.
Upmarket Customer Expansion
Record net additions in $100k+ and $500k+ cohorts; customers with >$100k ARR grew 37% and customers with >$500k ARR grew 68% (year-over-year), reflecting strong upmarket motion.
Profitability and Operating Improvement
Q2 non-GAAP operating income of $61.1 million (operating margin 17%, up from 15% YoY). Net income $65.5 million vs $58.3 million year-ago; diluted EPS $1.48 on 44.4M fully diluted shares.
High Gross Margin and Cash Generation
Second-quarter gross margin of 89%; adjusted free cash flow of $52.3 million in Q2 with adjusted FCF margin of 14%. Ending cash, cash equivalents and marketable securities of $1.07 billion.
AI Adoption Momentum
Management reported AI ARR doubled from Q1 to Q2 and strong early monetization/consumption patterns (customers topping up credits after exhausting initial allotments). AI-related revenue cited as material new growth vector.
Operational Efficiency Actions
Announced organizational restructuring with expected ~20% workforce reduction for FY2026, with most savings to be reinvested into people, product and AI; management expects operating margin expansion going into FY2027.
Sales Efficiency and Retention Strength
Overall NDR of 109% in Q2 (company expects ~108% for FY2026) and gross retention at historical highs; company seeing strong enterprise expansion and record mid/large account net adds.
MX:MNDYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed