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Monday.com Tumbles After Cautious 2026 Outlook Despite Q4 Beat

AI disruption worries in a slumping software sector set the backdrop for the drop.

Overview

  • The company posted Q4 adjusted EPS of $1.04 on revenue of $333.9 million, topping consensus on both metrics.
  • For 2026, management projected revenue of $1.45–$1.46 billion and operating income of $165–$175 million, below Wall Street’s roughly $1.48 billion and about $218 million expectations.
  • Shares fell more than 19% in early trading following the guidance, extending steep year-to-date and 12‑month declines reported across coverage.
  • Current-quarter revenue was guided to $338–$340 million versus a FactSet estimate near $343 million.
  • Executives said they see no AI-driven customer impact yet and are pivoting the product to be more AI‑native, highlighting new agents and a “vibe” feature, while investors noted softer margins and retention, FX headwinds, and a dip in net dollar retention to 110%.