MongoDB Inc. (MDB) saw its stock price surge 16.31% in after-hours trading on Monday, following the release of its third-quarter fiscal 2026 earnings report. The company reported revenue of $628.3 million, surpassing the IBES estimate of $595.6 million, and adjusted net income of $114.5 million, well above the expected $72 million.

The strong performance was driven by a 30% year-over-year growth in Atlas revenue, which now accounts for 75% of total revenue. MongoDB also raised its full-year revenue guidance to $2.434 billion-$2.439 billion, up from previous estimates of $2.34 billion-$2.36 billion, and adjusted EPS guidance to $4.76-$4.80, compared to prior expectations of $3.64-$3.73.

Investors reacted positively to the earnings beat and optimistic outlook, driving the stock higher in after-hours trading. The company's ability to exceed expectations and raise guidance signals robust growth and execution, reinforcing confidence in its long-term prospects.