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What happened: Monday.com (MNDY) stock soared as much as 14% in early trading on Monday.
What’s behind the move: The company posted strong quarterly results and lifted its full-year forecast for both revenue and adjusted operating profits. The artificial intelligence work platform’s first quarter revenue grew 24% year over year, with a record $49 million in operating profits.
The company raised its full-year revenue forecast to $1.46 billion to $1.47 billion, up from prior guidance of $1.45 billion to $1.46 billion. Monday.com sees full-year adjusted operating profit of $185 million to $191 million, versus prior expectations of $165 million to $175 million.
What else you need to know: Wall Street welcomed Monday.com’s results as the company continues to incorporate AI into its offerings and navigates concerns that AI could disrupt its business.
The company has changed its core offering from a “work management platform” to an “AI work platform.”
The company highlighted growth in its AI-driven products and productivity within its own organization. “Since 2025, AI has driven a 32% increase in our output per developer,” co-CEO Roy Mann said during the company’s earnings call.
Despite Monday’s bounce, the stock is down roughly 40% year to date, as software stocks have been hit amid fears that AI tools could disrupt traditional pricing models and reduce the need for legacy software providers.
Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.
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