MongoDB lifted its annual guidance and hiked its share buyback program Wednesday after reporting first-quarter results that topped estimates.

MongoDB jumped 13.8% in recent afterhours trading following the report.

MongoDB reported adjusted EPS of $1 on revenue of $549.01 million, topping estimates of $0.66 and $527.5M, respectively.

Looking ahead to fiscal Q2, the company forecasts adjusted EPS of $0.62 to $0.66 on revenue of $548.0 to $553.0. That compared with Wall Street estimates for EPS of $0.58 on revenue of $549.3M.

For fiscal 2026, adjusted EPS was guided in a range of $2.94 to $3.12, topping estimates of $2.65. While revenue is expected between $2.25B and $2.29B in-line with estimates of $2.27B. The guidance reflected an upgrade from the prior guidance for non-GAAP EPS of $2.44 to $2.62 on revenue of $2.24B to $2.28B. 

The company also raised its stock buyback program by $800M, taking the total to $1B.