MongoDB Stock Soars 15% After Crushing Q3 Earnings and Boosting Revenue Guidance
MongoDB (MDB) surged 15% in after-hours trading on Monday after the database software company delivered a standout third-quarter earnings report that exceeded Wall Street expectations and raised its full-year outlook.
The company posted $628 million in revenue, marking a robust 19% year-over-year increase and topping analysts’ projections of $592 million, according to LSEG data.
MongoDB Posts Major Earnings Beat
MongoDB also reported adjusted earnings per share (EPS) of $1.32, crushing Wall Street’s forecast of 80 cents. The impressive beat highlights momentum across both enterprise customers and global developer communities.
CEO Chirantan “CJ” Desai, speaking with CNBC’s Jon Fortt, emphasized that the company saw “significant growth” among large enterprise clients, with rising demand observed across the Americas, Europe, the Middle East and Africa.
“In addition, our self-service business delivered exceptional results,” Desai added. “We had many customers, including digital natives, AI natives, and developers around the world who are building on MongoDB.”
Desai assumed the top role in November, succeeding longtime CEO Dev Ittycheria, who led the company for 11 years.
Net Loss Narrows Significantly
Despite the earnings beat, MongoDB still reported a small net loss of $2.01 million, or 2 cents per share, for the quarter. However, this marks a notable improvement from the $9.78 million loss (13 cents per share) recorded during the same period last year.
The company’s adjusted results excluded costs related to stock-based compensation, amortization of intangible assets, and income taxes.
Stronger Q4 Outlook and Full-Year Guidance
MongoDB expects fourth-quarter revenue between $665 million and $670 million, signaling continued momentum heading into year-end.
The company also raised its fiscal 2026 full-year revenue forecast to a range of $2.434 billion to $2.439 billion, up from its previous guidance of $2.34 billion to $2.36 billion. Analysts surveyed by FactSet anticipated $2.36 billion.
The upgraded guidance reinforces MongoDB’s position as a critical data infrastructure provider benefiting from accelerated enterprise digital transformation and expanded AI application development.
What’s Next for MongoDB?
After a big earnings beat, heightened guidance, and rising global demand, investors are likely to watch:
- Enterprise adoption trends in major industries
- AI-native and developer ecosystem growth on MongoDB’s platform
- Profitability improvements amid narrowing net losses
- How macroeconomic conditions affect enterprise IT spending
With strong performance across both self-service and enterprise channels, MongoDB appears positioned for continued growth into 2025 and beyond.
