Shares of monday.com fell about 9% premarket on Monday after the company issued a third-quarter revenue outlook below analyst estimates. The software provider reported second-quarter revenue of $364.6 million, up about 22% year-over-year, and non-GAAP earnings per share of $1.48, both beating consensus. For the third quarter, monday.com guided revenue between $368 million and $370 million, with a midpoint of $369 million, compared to a consensus estimate of $372.85 million. The company maintained its full-year 2026 revenue forecast of $1.466 billion to $1.474 billion, in line with the $1.47 billion consensus. The net dollar retention rate was 109%, and total remaining performance obligations rose 34% to $937 million.
Monday.Com LtdQ3 revenue guidance below consensus despite Q2 beat
Cisco Systems Inc