MNDY Q2 2026 Non-cash share-based compensation credits approximately $15 million, Miss Guidance by $-32.0M
MNDY miss prior Q2 2026 Non-cash share-based compensation credits guidance by $-32.0M. The company stated that it expects full-year 2026 financial results to be in-line with or above its prior guidance. The guidance update was disclosed alongside a restructuring plan that includes approximately a 20% workforce reduction and an estimated $45-$55 million in net charges, with the plan substantially expected to be completed in the second half of 2026.
Guidance comparison
Forward guidance
Key takeaways
Restructuring plan: approximately 20% workforce reduction aligned with the AI Work Platform strategic focus, while continuing to hire in key strategic areas throughout 2026.
FY2026 Non-GAAP Operating Margin guidance raised from approximately 13% to approximately 15%, an increase of about 200 basis points.
FY2026 Y/Y revenue growth guidance maintained at 19%-20%.
FY2026 Adjusted Free Cash Flow Margin guidance maintained at 19%-20%.
Estimated net restructuring charges of $45-$55 million, comprising $30-$35 million for severance/employee benefits and $30-$35 million for office space impairment, partially offset by approximately $15 million in non-cash share-based compensation credits.
Q2 2026 non-cash share-based compensation credits of approximately $15 million missed the prior $47 million guided midpoint by $32 million (-68.1%).
Plan substantially expected to be completed in the second half of 2026; FY2026 guidance excludes estimated restructuring charges.
Key metrics
Primary source
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