monday.com beats Q1 estimates as AI adoption and enterprise demand lift MNDY

monday.com (NASDAQ:MNDY) reported first-quarter 2026 revenue of $351.3 million, up 24.5% from a year earlier and above Wall Street expectations, as enterprise demand and adoption of AI features supported growth. The work management software company posted non-GAAP earnings of $1.15 a share, 23.4% above consensus estimates. Management cited a record number of new customers generating more than $500,000 in annual recurring revenue and said AI products helped increase customer engagement and efficiency. monday.com guided for second-quarter 2026 revenue of about $355 million, roughly in line with analyst estimates. The company said its outlook reflects continued AI investment, a shift to consumption-based pricing and broader enterprise expansion. CFO Eliran Glazer said AI could create new revenue opportunities but may also raise computing costs. Shares traded at $76.44 on May 15, 2026, up from $72.17 before the earnings report.