From Yahoo Finance: 2025-06-06 14:07:00

MongoDB’s first-quarter report and guidance impressed Wall Street, with the most net customer adds in six years. The company could be an AI winner, seeing growth from AI-powered software applications. Revenue grew 22% to $549 million, with adjusted earnings per share nearly doubling to $1, surpassing expectations.

Shares of MongoDB surged 17.7% this week, with revenue guidance raised for the full year. The company noted net customer additions were the highest in over six years, particularly self-serve customers. This reflects AI developers turning to MongoDB for data organization in real-world connections.

Despite a severe downturn, MongoDB is showing signs of recovery, with revenue growth fueled by MongoDB Atlas. Management expects growth from the AI revolution as companies move to building AI-powered applications. The stock is still down from its highs, presenting a promising opportunity in the AI software sector.

Read more: Why MongoDB Rallied This Week