MongoDB Inc. (MDB) shares surged 16.14% in Thursday's trading session following the release of its impressive first-quarter fiscal 2026 results. The database software company significantly outperformed market expectations, prompting a raise in full-year guidance and an expansion of its share repurchase program.

For the quarter ended April 30, MongoDB reported total revenue of $549 million, marking a 22% increase year-over-year and surpassing analyst estimates of $528.2 million. The company's adjusted earnings per share (EPS) came in at $1.00, substantially beating the expected $0.66. This strong performance was driven by robust growth in its cloud database service, Atlas, which saw a 26% year-over-year revenue increase and now comprises 72% of total revenue.

In light of these results, MongoDB raised its fiscal 2026 outlook, now expecting adjusted EPS between $2.94 and $3.12 on revenue ranging from $2.25 billion to $2.29 billion. The company also announced an $800 million increase to its share repurchase program, bringing the total authorization to $1 billion. These positive developments, coupled with the addition of approximately 2,600 new customers in the quarter, have bolstered investor confidence in MongoDB's growth trajectory and financial health in the competitive database software market.