Monday.com Slides 6% on Weak Guidance as Palantir, Datadog and Peers Rally on Earnings Momentum

Monday.com shares fell roughly 6% on August 10 after the work-management software company issued third-quarter revenue guidance of $368 million to $370 million, representing 16% to 17% year-over-year growth, whose midpoint came in below Wall Street expectations. The disappointment overshadowed a solid second-quarter beat: adjusted EPS of $1.48 versus the consensus of $1.11, and revenue of $364.6 million against estimates of $355.5 million. Niu Technologies also declined Monday as it reported its second-quarter 2026 results.

On the upside, Palantir continued its multi-week AI-driven surge, building on a post-earnings rally that had sent the stock up roughly 35% over the prior five trading days, following a blowout quarter and upgrades from Deutsche Bank, Citi, and D.A. Davidson. Datadog gained as investors digested its strong second-quarter results, in which revenue rose 36% year-over-year to $1.12 billion with about 4,720 customers generating more than $100,000 in annual recurring revenue, up from roughly 3,850 a year earlier.

Spotify and Uber also rallied Monday, both having posted strong quarterly results in early August, with Uber reporting Q2 gross bookings up 22% year-over-year on a constant currency basis and non-GAAP operating income up 40% to $2.1 billion. HSBC shares were in focus after the bank announced a $0.50 cash dividend with an ex-date of August 14, 2026. Coastal Financial and Meta Platforms were also among the names drawing attention in Monday trading.