MongoDB’s stock price increases by 17% after reporting strong Q2 results and…

.August 30, 2024 10:18 AM

MongoDB (NASDAQ:MDB) shares surged over 17% pre-market after strong second-quarter 2025 results. Adjusted EPS was $0.70, beating estimates of $0.49. Revenue hit $478.1 million, surpassing the $464.94 million estimate, with a 13% YoY increase.

The growth was driven by MongoDB’s cloud database platform, Atlas, which saw a 27% YoY revenue jump. Customer growth exceeded 50,700 as of July 31, 2024.

MongoDB raised its full-year 2025 guidance, now expecting EPS of $2.33 to $2.47 and revenue between $1.92 billion and $1.93 billion. For Q3, EPS is forecasted at $0.65 to $0.68 and revenue at $493 million to $497 million, both above Street expectations.