MongoDB Inc. (NASDAQ: MDB) surged 16.31% in after-hours trading on Monday following the release of its third-quarter fiscal 2026 results, which significantly exceeded analyst expectations.
The company reported Q3 revenue of $628.3 million, beating the consensus estimate of $595.6 million, while adjusted net income came in at $114.5 million, well above the $72 million forecast. MongoDB's Atlas platform, which now accounts for 75% of total revenue, grew 30% year-over-year, driving the strong performance.
Additionally, MongoDB raised its full-year revenue guidance to a range of $2.434 billion to $2.439 billion, up from previous estimates and surpassing the FactSet consensus of $2.36 billion. The company also provided upbeat Q4 revenue and adjusted EPS guidance, further boosting investor confidence.