TLDR
Monday.com (MNDY) stock fell 5% to $83.29 in premarket trading on Monday after a 6.3% drop on Friday.
Q3 adjusted EPS of $2.14 beat the $1.41 estimate, and revenue rose 19% to $377.5 million.
Q4 revenue guidance of $380 million to $382 million sits below the $386 million consensus.
Adjusted operating margin widened to 24% from 15%, and AI products reached $36 million in annual recurring revenue.
Co-CEOs cited “near-term operational headwinds” tied to the shift to an AI-first company.
Monday.com (MNDY) stock is sliding after the company gave a fourth-quarter revenue forecast that came in light. The stock fell 5% to $83.29 in premarket trading on Monday.
monday.com Ltd., MNDY
That follows a 6.3% drop on Friday. The stock is down 39% this year through Friday’s close.
Later in the day, TipRanks data showed the stock down 10.57%. The slide came even though the quarter itself beat estimates.
A Quarter That Beat on Profit
Adjusted earnings came in at $2.14 a share. Wall Street expected $1.41, according to FactSet.
https://t.co/cT1yDFBlZV , $MNDY , Q3-26.
A strong earnings beat, but Q4 guidance signals a sharp slowdown.
Revenue: $377.5M | +19% YoY
Adj. EPS: $2.14 | vs. $1.41 est.
Q4 revenue guide: $380–382M | ~14% YoY
AI ARR: $36M pic.twitter.com/jgEFKpiQED
— EarningsTime (@Earnings_Time) November 9, 2026
Revenue grew 19% year over year to $377.5 million. Analysts had looked for $369 million.
Profit was the strongest part of the report. Adjusted operating income hit a record $89.4 million, up from $47.5 million a year earlier.
The adjusted operating margin widened to 24% from 15%. GAAP operating income came in at $31.2 million.
Remaining performance obligations rose 27% to $946 million. The company also pointed to stronger enterprise customer growth.
Where the Outlook Fell Short
For the fourth quarter, Monday.com expects revenue of $380 million to $382 million. Analysts were looking for $386 million.
That range implies growth of about 14%. The company grew 19% in the third quarter and 22% in the second.
Larger customers are still growing, but at a slower pace. Accounts above $100,000 in annual recurring revenue rose 33% to 2,127, compared with 37% growth last quarter.
Customers above $500,000 grew 58%, down from 68%. Net dollar retention slipped to 108% from 109%.
AI products reached $36 million in annual recurring revenue in the third quarter. AI agents handled more than 6 million interactions in less than two quarters.
Co-CEOs Roy Mann and Eran Zinman said the move to an AI-first company brought “near-term operational headwinds.” They called the change a “fundamental evolution” and said they remain “highly confident” in the strategy.
On the earnings call, the company also flagged restructuring, softer demand from smaller customers and currency pressure, per TipRanks.
The most recent analyst rating on the stock is Hold, with a $90 price target. Monday.com has a market cap of about $3.72 billion.
The post Monday.com (MNDY) Stock Falls 11% as Q4 Revenue Forecast Misses Estimates appeared first on Blockonomi .
