Key Takeaways
(MNDY) — Monday.com Ltd. shares surged after the maker of work management software reported first-quarter results that blew past Wall Street expectations, providing a potential counter-narrative to the recent slump in enterprise software stocks.
"The results reflect our commitment to delivering value and innovation to our customers," a company spokesperson said in a statement.
The Tel Aviv-Yafo, Israel-based company reported adjusted earnings of $1.15 per share on revenue of $351.3 million. Both figures topped analyst estimates, which called for 96 cents a share and $338.9 million in revenue, according to data from Zacks Investment Research.
Shares of Monday.com jumped 23 percent in premarket trading. The strong report comes after a difficult year for the stock, which had fallen 51 percent in 2026 as of Friday’s close amid investor concerns that the rise of artificial intelligence could disrupt its business model.
Looking ahead, Monday.com raised its full-year revenue forecast, now expecting top-line results to come in between $1.47 billion and $1.48 billion, an increase from the previous range of $1.45 billion to $1.46 billion.
The stronger-than-expected performance and optimistic outlook suggest that demand for Monday.com's project management tools remains robust. The guidance raise indicates management expects demand to continue, a positive signal for a sector that has been under pressure. Investors will watch the company’s next earnings call for further details on customer acquisition and the impact of its AI strategy.
This article is for informational purposes only and does not constitute investment advice.
