monday.com (MNDY) Plummets 21.4% on Weaker 2026 Outlook Despite Q4 Surge

Monday.com (NASDAQ:MNDY) dropped 21.4% after reporting Q4 2025 results that beat expectations, with revenue up 24.6% y/y and EPS exceeding estimates. However, the company issued a cautious 2026 outlook: revenue guidance of $1.452B–$1.462B, below the $1.48B consensus, and a slightly miss for Q1 2026. The market reaction indicates the disappointing guidance outweighed the strong quarter. The stock, which has moved more than 5% in 25 sessions this year, is down 46.6% year-to-date, trading at $76.62 versus a 52-week high of $327.92. Context: The broader AI agentic revolution, exemplified by Anthropic’s Claude Opus 4.6 and OpenAI’s Frontier platforms, is commoditizing workflow automation, pressuring legacy software licensing and pricing the application layer down.