From CNBC: 2025-06-05 09:33:00

MongoDB shares surged 15% after surpassing fiscal first-quarter earnings expectations, with revenues hitting $549 million, up 22% from the year-ago period. Adjusted earnings per share reached $1.00, exceeding analyst projections. CEO Dev Ittycheria cited confidence in driving profitable growth through cloud-based database services. The company raised its guidance for 2026, expecting revenues between $2.25 billion and $2.29 billion.

For the current fiscal quarter, MongoDB expects revenues between $548 million and $553 million, with adjusted earnings forecasted to reach 62 cents to 66 cents per share. The company’s CFO, Mike Berry, highlighted confidence in its Atlas cloud-based database services and timing differences in its Enterprise Advanced database business as reasons for the guidance boost. Revenues for Atlas grew 26% from a year ago and accounted for 72% of total revenues.

Goldman Sachs analyst Kash Rangan believes MongoDB is well positioned to capitalize on growth from digital transformation and public cloud adoption. The company’s net loss narrowed to $37.6 million, or a loss of 46 cents per share, down from $80.6 million, or a loss of $1.10 per share last year. MongoDB also increased its share buyback plan by $800 million to $1 billion.



Read more at CNBC:: MongoDB (MDB) fiscal Q1 earnings 2026