monday.com Shares Rally 15% After Q1 Revenue Beat and Upgraded Outlook
monday.com reported first-quarter revenue of $176 million, up 38% year-over-year and $6 million above consensus estimates. The company elevated its 2026 revenue growth outlook to 34%–36%, triggering a 15% intraday share price rally.
1. Q1 Financial Results
monday.com delivered first-quarter revenue of $176 million, marking 38% year-over-year growth and exceeding analyst estimates by $6 million. Subscription revenue comprised the bulk of sales, driven by higher enterprise customer adoption and increased average revenue per user.
2. Upgraded 2026 Outlook
Management raised the full-year revenue growth forecast to a range of 34%–36%, up from its prior 31%–33% guide. The updated outlook implies 2026 revenue between $725 million and $740 million, reflecting confidence in sustained demand and strong sales momentum.
3. Share Price Reaction
Shares of monday.com jumped roughly 15% in trading following the earnings release and guidance upgrade. The rally underscores investor enthusiasm for the company’s accelerated growth trajectory and improved profitability prospects.
4. Growth Drivers and Market Position
The beat was supported by a 42% revenue increase in North America and a 10% gain in average revenue per user, fueled by recent product enhancements. Executives highlighted strong uptake in new verticals and ongoing digital transformation initiatives as key catalysts.