MongoDB (MDB) Smashes Earnings Expectations, Shares Soar

MongoDB (NASDAQ: MDB) delivered a major earnings beat, sending shares sharply higher after hours to $274.87 (+60.53, +28.24%).

Earnings vs. Expectations

• EPS (Non-GAAP): $1.00 vs. $0.66 expected – strong beat.
• Revenue: $591.4M vs. $553.6M expected – beat by nearly $38M.

Key Financials

• Subscription revenue: $572.4M (+23% YoY)
• Atlas revenue: up 29% YoY, 74% of total revenue
• Gross margin: 71% GAAP (down from 73% YoY)
• Operating loss: ($65.3M), narrower vs. ($71.4M) last year
• Non-GAAP operating income: $86.8M vs. $52.5M last year
• Net loss: ($47M) GAAP, improved from ($54.5M)
• Free cash flow: +$69.9M vs. negative ($4M) a year ago
• Cash balance: $2.3B

Business & Growth Highlights

• Added 2,800 new customers; total now 59,900.
• AI momentum: launched new Voyage AI models and expanded partnerships with LangChain, Temporal, and Galileo.
• Strength in public sector: progressing toward FedRAMP High and DoD IL5 certifications; Atlas for Government listed in AWS marketplace for U.S. Intelligence Community.

Guidance (Raised)

• Q3 FY26: Revenue $587–592M, EPS $0.76–0.79.
• FY26: Revenue $2.34–2.36B, EPS $3.64–3.73.

Why the Stock Surged
MongoDB not only beat both revenue and EPS estimates by wide margins but also showed accelerating Atlas growth and strong customer additions, proving demand in AI workloads. Management highlighted margin outperformance and raised full-year guidance, easing investor concerns over slowing growth. The clear improvement in cash flow and profitability trajectory likely drove the dramatic after-hours rally.