Earnings live: Monday.com stock tanks, AMC set to report as Q2 earnings season winds down

Stocks were mixed as the Q2 earnings season enters its final stretch, with software maker Monday.com plunging after its latest results and guidance rattled investors. The move comes as markets parse a wave of late-season reports from tech, media, and consumer names while positioning for macro data and the next leg of the Fed’s policy path.

Monday.com slid sharply after posting better-than-expected Q2 numbers but offering guidance that signaled moderating momentum into the back half of the year. The company topped consensus on both revenue and EPS, reflecting continued demand for its Work OS platform and disciplined cost control. However, investors focused on a more measured revenue outlook and rising investment needs to support growth, pressuring the high-multiple SaaS name. The reaction underscores how sensitive richly valued software stocks remain to any sign of deceleration, even when headline beats arrive.

Attention now turns to AMC Entertainment, which reports as cinema trends stabilize and the release slate improves. Key metrics to watch include attendance, per-patron spend, and debt reduction progress. Any update on liquidity and the cadence of upcoming tentpoles could sway sentiment, especially after a period of volatility driven by box office variability and capital structure moves.

Elsewhere, investors are assessing crosscurrents: AI-linked enterprise spending remains healthy but selective; consumer resilience is uneven across categories; and management teams continue to highlight cost discipline alongside targeted growth investments. With most S&P 500 companies having reported, earnings breadth has modestly improved, yet guidance remains the swing factor—particularly for tech and discretionary names where expectations are high.

What to watch next:
– Forward guidance versus street models for Q3 and full-year, especially for software and media.
– Commentary on demand elasticity, pricing, and churn in subscription businesses.
– Balance sheet and cash flow updates as companies weigh buybacks, capex, and M&A.
– Macro watch: any revisions tied to rates, FX, and enterprise IT budgets heading into Q3.

As the season winds down, stock moves are increasingly binary: beats with confident outlooks are rewarded, while even small guidance haircuts face outsized penalties.