Monday.com Shares Drop 21% After 2026 Revenue Guidance Falls Short
Monday.com reported fourth-quarter adjusted EPS of $1.04 and revenue of $333.9 million, beating estimates by 13 cents and $4.4 million respectively while revenue grew 25% year-over-year. The work management platform forecast fiscal 2026 revenue of $1.452–1.462 billion, below the $1.48 billion consensus estimate, triggering a 21% intraday share plunge.
1. Q4 Earnings and Revenue Beat
Monday.com delivered adjusted EPS of $1.04 and revenue of $333.9 million in the fourth quarter, surpassing consensus by $0.12 and $4.4 million respectively and achieving 25% year-over-year revenue growth.
2. Fiscal 2026 Revenue Outlook
The company projected full-year 2026 revenue of $1.452 billion to $1.462 billion, below the $1.48 billion consensus estimate, triggering a more than 21% intraday share plunge.
3. First Quarter Guidance
For the first quarter of fiscal 2026, management forecast revenue between $338 million and $340 million, reflecting roughly 20% year-over-year growth, with non-GAAP operating margins of 11% to 12%.
4. Customer Growth and Margin Headwinds
Customers generating over $100,000 in ARR rose 45% to 1,756, net dollar retention reached 110% (116% for accounts above $50,000), and foreign exchange headwinds are expected to reduce operating margins by 100–200 basis points in fiscal 2026.