MongoDB Inc. (MDB) surged 21.32% in Monday's trading session, marking a significant upward movement as investors reacted to the company's stellar third-quarter fiscal 2026 performance.
The database software company reported Q3 revenue of $628.3 million, surpassing the IBES estimate of $595.6 million, and adjusted earnings per share of $1.32, well above the consensus estimate of $0.80. MongoDB also raised its full-year revenue guidance to $2.434 billion-$2.439 billion, up from previous estimates, and adjusted EPS guidance to $4.76-$4.80, signaling strong confidence in continued growth.
The robust results were driven by a 30% year-over-year growth in Atlas revenue, which now accounts for 75% of total revenue. MongoDB's ability to exceed expectations and raise guidance underscores its execution strength and positioning in the AI-driven cloud computing landscape.