monday.com rises as investors await earnings and growth guidance

monday.com ended July 7 at $84.10, up 1.94%, even as the S&P 500 fell 0.45% and the Nasdaq dropped 1.16%. The move gave the work-management software maker a rare bit of relative strength on a weak market day, but the stock is still being measured against a demanding growth story and a crowded field of enterprise software names.

The next test is earnings. Consensus estimates call for adjusted earnings of $1.14 a share on revenue of $354.95 million, with full-year projections at $4.49 a share and $1.47 billion in revenue. Analysts remain broadly constructive, with recent consensus pages showing a Buy rating and average price targets around $107.61 to $108.13, well above the current level.

For monday.com employees, the stock is more than a ticker move. It shapes how outside investors, recruits and customers read the company’s execution, and it affects how the market prices the value of equity awards. The company’s shares also have spent the past month under pressure, down 1.5% and slightly behind the broader tech sector, which raises the bar for the upcoming earnings call and whatever growth guidance management gives next.

The underlying operating data give investors a reason to keep watching. In the first quarter of 2026, monday.com reported revenue of $351.3 million, up 24% from a year earlier, along with record GAAP and non-GAAP operating income. The company also said it added a record number of customers with more than $500,000 in annual recurring revenue, a sign that its pitch is landing in larger enterprise accounts rather than only among smaller teams.

That enterprise expansion matters because monday.com is trying to turn product breadth into durability. Paid customers with more than $100,000 in annual recurring revenue reached 1,844 in the first quarter, up 39% from 1,328 a year earlier. Customers above $500,000 in annual recurring revenue rose to 99 from 57, and net dollar retention was 110% overall. At the same time, the company launched an AI Work Platform with Native Agents, and said those agents can sign up, authenticate and operate directly inside monday.com.

The company says more than 250,000 customers worldwide use its platform. Founded in 2012 by Roy Mann and Eran Zinman, with Eran Kampf also tied to its early history, monday.com began as an internal tool at Wix before spinning out and going public on Nasdaq on June 10, 2021. That history now sits behind a far bigger question: whether the company can keep pairing product innovation with enough revenue growth to justify the premium investors still expect.