The work management platform’s Q3 revenue outlook fell short of analyst estimates despite strong Q2 results.
Monday.com (MNDY) shares declined approximately 9% in premarket trading after the company issued a third-quarter revenue outlook below expectations. The miss overshadowed a strong second quarter, where revenue climbed 22% year-over-year to $364.6M, surpassing projections.
Analysts had anticipated a more robust Q3 forecast following the Q2 beat. The company’s non-GAAP metrics also reflected solid performance, though the guidance revision weighed on investor sentiment. Comparable periods showed consistent growth, making the outlook miss more pronounced.
The premarket reaction underscored concerns about near-term growth momentum, despite the company’s strong quarterly execution.