monday.com Q1 beat driven by enterprise customer growth and AI adoption

Proactive

Mon, May 11, 2026 astatine 10:19 AM CDT 1 min read

monday.com (NASDAQ:MNDY) shares roseate much than 4% aft the institution reported archetypal 4th 2026 results that topped Wall Street expectations connected some net and revenue, alongside an improved outlook for the remainder of the year.

For the 4th ended March 31, the AI enactment level posted adjusted net per stock of $1.15, up of the $0.95 statement estimation by $0.20.

Revenue came successful astatine $351.3 million, exceeding expectations of astir $339.3 cardinal and representing 24% year-over-year growth.

monday.com co-founders and co-CEOs Roy Mann and Eran Zinman pointed to continued execution and merchandise enlargement arsenic cardinal drivers of the quarter.

“The results we delivered successful Q1 bespeak a concern that is executing with subject and gathering with ambition astatine the aforesaid time,” they wrote, adding that the motorboat of the company’s AI Work Platform and a displacement toward consumption-based pricing are expected to enactment aboriginal growth.

“As AI takes connected much enactment for our customers, our concern grows with it,” they wrote.

Looking ahead, monday.com issued second-quarter gross guidance of $354 cardinal to $356 million, somewhat supra the $354.2 cardinal statement estimate. The institution expects non-GAAP operating income of $46 cardinal to $48 million.

For the afloat 2026 fiscal year, monday.com projected gross of $1.466 cardinal to $1.474 billion, up of statement estimates of astir $1.458 billion. The institution besides forecast adjusted escaped currency travel of $280 cardinal to $290 cardinal and non-GAAP operating income of $185 cardinal to $191 million.