Monday Surpasses Q2 Revenue Expectations but Issues Weak Outlook for Rest of 2026

Israeli software company Monday reported strong second-quarter results for 2026, exceeding analysts' expectations on both revenue and earnings. The company posted revenue of $364.6 million, a 22% increase year-over-year, surpassing the anticipated $355.6 million. Adjusted earnings per share reached $1.48, well above the forecasted $1.11. Operating profit from ongoing activities hit a record $61.1 million, up from $45.1 million in the same quarter last year. Monday nearly broke even on operating activities, recording a small operating loss of $1.5 million compared to an $11.6 million loss in the prior year period. Net income for the quarter was 8 cents per share.

Despite these improvements, Monday's cash reserves after operating expenses and investments declined to $52.3 million from $64.1 million in the year-ago quarter. The company provided a weaker outlook for the remainder of 2026, signaling caution despite the strong quarterly performance. This mixed forecast tempered investor enthusiasm following the robust second-quarter results.