Monday.com Q1 2026 Results Signal AI Push

monday.com Ltd. (NASDAQ: MNDY) reported Q1 2026 results on May 11, 2026, showing 24% revenue growth and record GAAP operating income. The company launched an AI Work Platform, agreed to acquire OneAI for voice-agent capabilities, and shifted toward consumption-based pricing while executing a large share-repurchase program.

Q1 Financial Results and Guidance

The company reported Q1 revenue of $351.3 million, up 24% from $282.3 million a year earlier. GAAP operating income rose to $19.8 million, a 6.0% margin, compared with $9.8 million (3.0% margin) in Q1 2025. Non-GAAP operating income was $49.0 million, a 14.0% margin.

The SEC 6-K filing showed GAAP net income of $28.0 million, or $0.57 per diluted share. Adjusted free cash flow was $102.8 million, representing a 29.0% margin, down from 39.0% in Q1 2025. GAAP gross margin stood at 89.0%.

Cash and cash equivalents totaled $997.1 million as of March 31, 2026, down from $1.50 billion at year-end 2025, reflecting $552.6 million in ordinary share repurchases during the quarter.

For Q2 2026, monday.com expects revenue between $354 million and $356 million, an 18% to 19% increase year over year, with non-GAAP operating income of $46 million to $48 million. The company anticipates a negative foreign-exchange impact of 100 to 200 basis points. Fiscal 2026 guidance includes revenue of $1.47 billion, non-GAAP operating income near $190 million, and adjusted free cash flow between $280 million and $290 million, all assuming the same foreign-exchange headwind.

AI Work Platform and Strategic Shift

monday.com launched an AI Work Platform embedding native AI agents for workflow automation. It offers one-click connectors to Anthropic’s Claude, Microsoft 365 Copilot, OpenAI’s ChatGPT, and Google Gemini. The platform includes an AI Gateway to support multiple large language models.

The company agreed to acquire OneAI to add voice-agent capabilities and is transitioning to a consumption-based pricing model. monday.com serves more than 250,000 customers worldwide and reported record net additions of customers generating over $500,000 in annual recurring revenue.

This combination of product launches, the OneAI acquisition, and pricing changes aligns with the company’s financial outlook and capital-return actions, positioning monday.com to monetize AI-enabled workflows under the foreign-exchange assumptions in its guidance.