monday.com (MNDY) Q2 2026 Earnings Call Transcript
monday.com (MNDY) reported Q2 2026 revenue of $364.6M, up 22% YoY, driven by AI adoption and upmarket growth. AI ARR doubled, representing 17% of net new ARR. Total ARR reached $1.5B. Net dollar retention was 109%. The company announced a 20% workforce reduction to focus on AI. Q3 revenue guidance is $368M-$370M, and full-year guidance is $1.466B-$1.474B, reflecting 19%-20% growth. Non-GAAP operating margin improved to 17%.
How this was made
The 30-second read
Why it matters
Earnings beat and raised guidance support a bullish outlook, but margin pressure from FX and restructuring adds uncertainty.
Market read
The earnings release provides fresh guidance and operational updates that can move MNDY stock and influence the SaaS sector.
What to watch
Potential slowdown in AI adoption rates and competitive pressure from larger SaaS players.
Background
Monday.com transitioned to an AI‑driven workspace, reporting record ARR milestones and a 20% global headcount cut.
Ticker impact
Monday.com reported Q2 FY2026 revenue of $364.6M, 22% YoY growth, and issued FY guidance of $1.466B‑$1.474B.
Potential short‑term rally on earnings beat; monitor for pullback on guidance uncertainty.
Earnings exceed expectations and guidance is above consensus, driving bullish sentiment, while execution risks moderate the view.
Market effects
AI‑driven SaaS firms may see increased investor interest as Monday.com highlights AI ARR growth.
North American tech sector gains from strong SaaS earnings.
Highlights broader trend of AI integration in enterprise software worldwide.
Counterpoint
Workforce reduction and FX headwinds could pressure margins, suggesting caution despite earnings beat.
Key entities
- ExecutiveRoy Mann
Co‑CEO who highlighted AI shift and ARR milestones.
- ExecutiveEran Zinman
Co‑CEO who discussed AI ARR contribution.
- ExecutiveEliran Glazer
CFO who provided financial details and warned of potential NDR pressure.
