As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at productivity software stocks, starting with monday.com (NASDAQ: MNDY).
Rising employee costs and the shift to more remote work has increased the ever-present pressure to improve corporate productivity, which in turn has driven rising demand for productivity software that enables remote work, streamline project management and automate business tasks.
The 16 productivity software stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 3.1% while next quarter’s revenue guidance was 0.9% above.
Luckily, productivity software stocks have performed well with share prices up 17.4% on average since the latest earnings results.
monday.com (NASDAQ: MNDY)
With its colorful interface of boards, columns, and automation that replaced the chaos of spreadsheets, monday.com (NASDAQ: MNDY) is a cloud-based work operating system that helps teams manage projects, track tasks, and streamline workflows through customizable interfaces.
monday.com reported revenues of $364.6 million, up 21.9% year on year. This print exceeded analysts’ expectations by 2.6%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ billings estimates.
monday.com delivered the weakest guidance update and weakest full-year guidance update among its peers. The company added 287 enterprise customers paying more than $50,000 annually to reach a total of 4,834. Interestingly, the stock is up 2.5% since reporting and currently trades at $95.50.
Is now the time to buy monday.com? Access our full analysis of the earnings results here, it’s free.
Best Q2: SoundHound AI (NASDAQ: SOUN)
Born from the idea that machines should understand human speech as naturally as people do, SoundHound AI (NASDAQ: SOUN) develops voice recognition and conversational intelligence technology that enables businesses to integrate voice assistants into their products and services.
SoundHound AI reported revenues of $61.9 million, up 45% year on year, outperforming analysts’ expectations by 18.1%. The business had an incredible quarter with an impressive beat of analysts’ billings estimates.
SoundHound AI pulled off the biggest analyst estimate beat and fastest revenue growth of the whole group. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $6.45.
Is now the time to buy SoundHound AI? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: Pegasystems (NASDAQ: PEGA)
With a "Center-out Business Architecture" approach that transcends organizational silos, Pegasystems (NASDAQ: PEGA) develops software that helps organizations automate workflows and use artificial intelligence to improve customer experiences and business processes.
Pegasystems reported revenues of $420.7 million, up 9.4% year on year, falling short of analysts’ expectations by 1.5%. It was a disappointing quarter as it posted a significant miss of analysts’ billings estimates.
Pegasystems delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 24.5% since the results and currently trades at $38.51.
Read our full analysis of Pegasystems’s results here.
Appian (NASDAQ: APPN)
Powering billions of transactions daily since its founding in 1999, Appian (NASDAQ: APPN) provides a low-code platform that helps businesses automate complex processes and operationalize artificial intelligence without extensive programming knowledge.
Appian reported revenues of $203.3 million, up 19.1% year on year. This print topped analysts’ expectations by 5.1%. It was a very strong quarter as it also produced an impressive beat of analysts’ adjusted operating income estimates and full-year EBITDA guidance exceeding analysts’ expectations.
Appian delivered the highest guidance raise and highest full-year guidance raise among its peers. The stock is up 27.9% since reporting and currently trades at $38.31.
Read our full, actionable report on Appian here, it’s free.
Asana (NYSE: ASAN)
Born from the founders' frustration with the inefficiencies of email-based collaboration at Facebook, Asana (NYSE: ASAN) provides a work management platform that helps organizations track projects, set goals, and manage workflows in a centralized digital workspace.
Asana reported revenues of $216.4 million, up 9.9% year on year. This number beat analysts’ expectations by 1%. Aside from that, it was a satisfactory quarter as it also produced an impressive beat of analysts’ billings estimates but EPS guidance for next quarter missing analysts’ expectations significantly.
The company added 675 enterprise customers paying more than $5,000 annually to reach a total of 26,778. The stock is down 4.9% since reporting and currently trades at $9.60.
Read our full, actionable report on Asana here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
