monday.com reported strong second quarter 2026 results, exceeding analyst estimates for both revenue and profitability. The company achieved a 22% year-over-year revenue increase to $364.6 million, fueled by accelerating enterprise adoption and the rapid scaling of its AI-native product suite. Despite broader sector scrutiny, the company saw record net adds in its high-value customer segments and reached record non-GAAP operating income.
Key Highlights
- AI products saw significant momentum, with ARR doubling from the first quarter and contributing 17% of all net new ARR in the period.
- Enterprise momentum remains robust, with the number of customers exceeding $100,000 in ARR increasing 37% year-over-year to 2,019.
- Non-GAAP operating margin expanded to 17% from 15% in the prior year, driven by organizational restructuring and improved cost focus.
- The company fully utilized its $870 million share repurchase authorization, buying back 2.33 million shares for $182 million during the quarter.