MNDY Q1 2026 Total Revenue $351.3 million, Beat Guidance by +$12.3M
MNDY beat prior Q1 2026 Total Revenue guidance by +$12.3M. Total Revenue was raised by +$14.0M to $1,466 million to $1,474 million (midpoint $1,470 million). Non-GAAP operating income of $49.0 million exceeded the guided midpoint of $38 million by $11.0 million (28.9% beat), while non-GAAP operating margin of 14% surpassed the guided midpoint of 11.5% by 2.5 percentage points.
Published May 17, 2026 at 2:51 PM EDTmonday.com Ltd.Investor relations
Share this story
Guidance comparison
Total RevenueQ1 2026
$351.3 millionGuide $339 million | beat | +$12.3M | +3.6%
Non-GAAP Operating IncomeQ1 2026
$49.0 millionGuide $38 million | beat | +$11.0M | +28.9%
Non-GAAP Operating MarginQ1 2026
14%Guide 11.5% | beat | +2.5 pts | +21.7%
Guidance updates
Total RevenueFY 2026
$1,466 million to $1,474 million (midpoint $1,470 million)Prior $1,452 million to $1,462 million (midpoint $1,457 million) | raised | +$14.0M
Non-GAAP Operating IncomeFY 2026
$185 million to $191 million (midpoint $188 million)Prior $165 million to $175 million (midpoint $170 million) | raised | +$20.0M
Non-GAAP Operating MarginFY 2026
approximately 13%Prior 11% to 12% (midpoint 11.5%) | raised | +2.0 pts
Adjusted Free Cash FlowFY 2026
$280 million to $290 million (midpoint $285 million)Prior $275 million to $290 million (midpoint $282.5 million) | raised | +$5.0M
Adjusted Free Cash Flow MarginFY 2026
19% to 20% (midpoint 19.5%)Prior 19% to 20% (midpoint 19.5%) | maintained | 0.0 pts
Forward guidance
Total RevenueQ2 2026
$354 million - $356 million18% to 19%
Non-GAAP Operating IncomeQ2 2026
$46 million - $48 million
Non-GAAP Operating MarginQ2 2026
13% - 14%
Total RevenueFY 2026
$1,466 million - $1,474 million19% to 20%
Non-GAAP Operating IncomeFY 2026
$185 million - $191 million
Non-GAAP Operating MarginFY 2026
13%
Adjusted Free Cash FlowFY 2026
$280 million - $290 million
Key takeaways
Q1 2026 revenue of $351.3M beat guidance midpoint by $12.3M (3.6%) with 24% year-over-year growth
Non-GAAP operating income of $49.0M beat guidance midpoint by $11.0M (28.9%); margin of 14% beat by 2.5 percentage points
FY2026 revenue guidance raised by $13M midpoint to $1,470M; operating income midpoint raised by $18M to $188M; operating margin raised to approximately 13%
Paid customers with $500K+ ARR grew 74% year-over-year to 99 customers; total remaining performance obligations up 33% to $880 million
Adjusted free cash flow of $102.8M with 29% margin, down from $109.5M and 39% margin in Q1 2025
Company agreed to acquire OneAI adding voice agent capabilities to AI Work Platform; financial terms not disclosed
Foreign exchange impact was approximately 190 basis points negative on non-GAAP operating margin
Key metrics
Total RevenueQ1 2026
$351.3 million+24%
Non-GAAP Operating IncomeQ1 2026
$49.0 million+20%
Non-GAAP Operating MarginQ1 2026
14%0 bps
GAAP Operating IncomeQ1 2026
$19.8 million+102%
GAAP Operating MarginQ1 2026
6%+300 bps
GAAP Net IncomeQ1 2026
$28.0 million+2%
Non-GAAP Net IncomeQ1 2026
$56.0 million-4%
Non-GAAP Diluted Net Income Per ShareQ1 2026
$1.15+5%
Primary source
TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.