Monday.com posted record Q2 2026 results with revenue reaching $364.6 million, a 22% year-over-year increase. AI-related annual recurring revenue doubled from Q1 and now accounts for 17% of net new ARR. Non-GAAP operating income hit a record $61.1 million with a 17% margin, prompting management to raise full-year 2026 guidance to $230-234 million. The 109% net dollar retention rate confirms existing customers are spending more, with customers contributing over $50K in ARR now representing 43% of total revenue. Monday.com is continuing its transformation into an AI Work Platform following a strategic reorganization aimed at accelerating AI feature deployment.
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