monday.com Posts Q2 EPS of 8 Cents, Topping Expectations
MNDY sits 48% above its 52-week low of $57.5.
Summary
monday.com reported Q2 EPS of 8 cents, a significant swing from prior losses and a clear beat against the backdrop of its ongoing restructuring. This follows the July announcement of a ~20% workforce reduction and raised full-year guidance, suggesting the cost cuts are already flowing through to the bottom line. Revenue hit $364.6M, up 22% YoY, with AI product ARR doubling — the consumption-based pricing shift is gaining traction. The stock has been under pressure, and this print validates the turnaround narrative. Next catalyst: any commentary on the call about the pace of AI adoption and margin sustainability.
At the time of this announcement, MNDY was trading at $85.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $57.50 to $264.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.