monday.com

monday.com posts 22% revenue growth in Q2 2026 as AI product ARR doubles sequentially, but restructuring charges and cash burn from buybacks signal a strategic reset underway

monday.com's Q2 2026 results reveal two simultaneous narratives: AI monetization is inflecting faster than expected — AI product ARR doubled QoQ and represented 17% of net new ARR — while the company absorbed $21.4 million in restructuring charges and deployed $735 million in share repurchases over H1, collapsing cash from $1.50 billion to $853 million. The enterprise segment is the growth engine, with customers above $500,000 ARR up 68% year-over-year and RPO growing 34% to $937 million, outpacing revenue growth by 12 points. Full-year guidance of $1,466–$1,474 million implies deceleration to 16–17% in H2, which management attributes to FX headwinds and the cost structure reset, not demand.

monday.com Ltd. is an Israel-based work management software company that operates a cloud platform enabling teams to manage projects, workflows, and cross-functional collaboration. The company generates revenue through subscription contracts and has expanded into multi-product offerings incorporating AI capabilities. Its platform serves a broad range of enterprise and SMB customers globally.

Primary products

• monday Work Management
• monday CRM
• monday Service
• monday Dev
• AI Work Platform