monday.com Lowers 2026 Revenue Guidance by $38M–48M, Scraps 2027 Targets
monday.com cut its FY2026 revenue guidance to $1.452–1.462 billion, missing the $1.5 billion consensus by $38–48 million and withdrew its 2027 outlook, triggering a ~14% share drop and over $1 billion in lost market value. The company is scheduled to speak at the Morgan Stanley Technology, Media & Telecom Conference.
1. FY2026 Revenue Guidance Miss
monday.com set FY2026 revenue outlook at $1.452–1.462 billion, reflecting 18%–19% growth. This figure fell about $38–48 million below the consensus of $1.5 billion and below the company's prior endorsed trajectory, marking the fourth consecutive quarter of beat-and-guidance-miss outcomes.
2. Long-Term Targets Withdrawn
Management announced it will no longer discuss its previously provided 2027 financial targets, signaling reduced visibility into longer-term growth. CFO Eliran Glazer emphasized focus on the 2026 outlook only, suggesting caution on future projections.
3. Market Reaction and Investor Outreach
Shares tumbled 13–14%, erasing over $1 billion in market capitalization on volume three to four times the 30-day average as investors reacted to lowered visibility. monday.com will present at the Morgan Stanley Technology, Media & Telecom Conference, offering an opportunity for management to address concerns.