MongoDB shares surged over 30% after exceeding expectations in Q2 fiscal results and providing a positive outlook. Revenue reached $591 million, up 24% from last year, with a net loss of $47.04 million. Sales of MongoDB Atlas, the cloud database service, rose 29%, attracting 5,000+ new customers in the first half of the year.

CEO Dev Ittycheria highlighted the influx of AI-native companies adopting MongoDB’s services, indicating future growth potential. For Q3, MongoDB anticipates adjusted earnings per share of 76-79 cents and revenue of $587-$592 million, surpassing Wall Street projections. Full-year revenue is estimated at $2.34-$2.36 billion, with adjusted earnings per share of $3.64-$3.73, higher than analyst forecasts.

Read more at CNBC: MongoDB (MDB) Q2 earnings report 2026