Monday.com's August Stock Surge Driven by Strong Q2 Results and Salesforce Earnings
In August 2026, Monday.com (MNDY) saw its stock rise nearly 16% despite a mixed investor reaction to the company’s second-quarter earnings report. The firm reported revenue of $365 million—a 22% year-over-year increase—and non-GAAP net income of $65.6 million or $1.48 per share, both exceeding analyst expectations. However, investors remained cautious due to concerns over slowing net revenue retention and broader skepticism toward legacy software companies amid the AI boom. The stock's momentum shifted later in August when Salesforce released a strong Q2 earnings report for fiscal 2027 that significantly exceeded forecasts, particularly with adjusted net income more than doubling. This performance reinvigorated investor confidence in CRM-focused firms like Monday.com and helped drive its late-month rally. Analysts noted the company’s stock appeared undervalued based on forward P/E ratios under 14, suggesting potential for further gains.
Topics: CRM software non-GAAP earnings revenue growth S&P 500