monday.com (NASDAQ:MNDY) shares rose more than 4% after the company reported first quarter 2026 results that topped Wall Street expectations on both earnings and revenue, alongside an improved outlook for the remainder of the year.
For the quarter ended March 31, the AI work platform posted adjusted earnings per share of $1.15, ahead of the $0.95 consensus estimate by $0.20
Revenue came in at $351.3 million, exceeding expectations of about $339.3 million and representing 24% year-over-year growth. monday.com co-founders and co-CEOs Roy Mann and Eran Zinman pointed to continued execution and product expansion as key drivers of the quarter. “The results we delivered in Q1 reflect a business that is executing with discipline and building with ambition at the same time,” they wrote, adding that the launch of the company’s AI Work Platform and a shift toward consumption-based pricing are expected to support future growth. “As AI takes on more work for our customers, our business grows with it,” they wrote. Looking ahead, monday.com issued second-quarter revenue guidance of $354 million to $356 million, slightly above the $354.2 million consensus estimate. The company expects non-GAAP operating income of $46 million to $48 million.
For the full 2026 fiscal year, monday.com projected revenue of $1.466 billion to $1.474 billion, ahead of consensus estimates of roughly $1.458 billion. The company also forecast adjusted free cash flow of $280 million to $290 million and non-GAAP operating income of $185 million to $191 million