MongoDB reported strong Q2 fiscal 2026 results, with revenue up 24% to $591.4 million and an operating margin of 15%. Atlas, the multi-cloud platform, drove growth and now makes up 74% of total revenue. With a growing customer base and AI application adoption, MongoDB raised full-year revenue forecast to $2.34 billion to $2.36 billion.

The company’s profitability metrics improved, with adjusted operating income guidance raised to $321 million to $331 million and adjusted EPS projected between $3.64 and $3.73. Q3 revenue is expected to be between $587 million and $592 million, with adjusted EPS in the $0.76 to $0.79 range, although operating margin may dip due to non-Atlas revenue decline.

Investors reacted positively to the news, sending MongoDB stock soaring over 30% in after-hours trading. With a strong position in the enterprise AI stack, accelerating customer adoption, and a “Strong Buy” consensus rating from Wall Street, MongoDB appears well-positioned for long-term growth, with a highest price target of $430.

Read more at Yahoo Finance: MongoDB’s Earnings Jump Explained and Is MDB Stock a Buy Now?