Monday.com Ltd. (NASDAQ:MNDY) is one of the best new tech stocks with highest upside potential. On May 11, Monday.com reported strong financial results for Q1 2026, with revenue reaching $351.3 million, a 24% increase year-over-year. The company achieved record GAAP operating income of $19.8 million and non-GAAP operating income of $49.0 million. Net cash provided by operating activities stood at $104.7 million, supported by an adjusted free cash flow of $102.8 million.
The company experienced significant customer growth, particularly among larger accounts, hitting record net additions for clients with over $500,000 in ARR. Alongside these financial milestones, Monday.com launched its AI Work Platform featuring native agents, introduced a new consumption-based pricing model, and agreed to acquire OneAI to expand its voice agent capabilities.
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For Q2, Monday.com Ltd. (NASDAQ:MNDY) projects total revenue between $354 million and $356 million. For the full fiscal year, the company expects total revenue to range from $1,466 million to $1,474 million, representing a 19% to 20% year-over-year growth rate, with an anticipated full-year adjusted free cash flow of $280 million to $290 million.
Monday.com Ltd. (NASDAQ:MNDY) is a software company headquartered in Tel Aviv, Israel. The company develops cloud-based work management platforms that help businesses manage projects, workflows, customer relationships, and software development processes.
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