MongoDB Inc. (NASDAQ: MDB) saw its stock surge 16.31% in after-hours trading on Monday, following the release of its third-quarter fiscal 2026 earnings report. The significant movement came as investors reacted to the company's better-than-expected financial performance and optimistic outlook.

The database software company reported Q3 revenue of $628.3 million, surpassing the IBES estimate of $595.6 million. Adjusted net income came in at $114.5 million, well above the $72 million consensus estimate. MongoDB also raised its full-year revenue guidance to $2.434-$2.439 billion, compared to the FactSet estimate of $2.36 billion, and increased its adjusted EPS forecast to $4.76-$4.80 from the previous $3.64-$3.73 range.

The strong results were driven by MongoDB's Atlas platform, which saw revenue grow 30% year-over-year and now accounts for 75% of total revenue. The company added 2,600 customers in the quarter, bringing its total customer base to over 62,500, with existing customers expanding their usage of MongoDB's services.