TLDR
- MongoDB stock climbed 15% in after-hours trading after Q3 revenue reached $628 million, topping analyst forecasts of $592 million.
- The database company reported adjusted EPS of $1.32, smashing Wall Street’s 80 cent estimate by more than 65%.
- Full-year fiscal 2026 guidance increased to $2.434-2.439 billion, up from prior range of $2.34-2.36 billion.
- The company’s Atlas cloud service grew 30% year over year, marking an acceleration in the platform’s performance.
- Customer count reached 62,500 after adding 2,600 clients in the quarter, while billings surged 34.4% to $687.3 million.
MongoDB delivered a powerful earnings beat Monday, sending shares up 15% in extended trading.
The database platform posted Q3 revenue of $628 million. That’s a 19% increase from the year-ago period. Analysts had projected $592 million.
Adjusted earnings per share came in at $1.32. Wall Street expected 80 cents. The company beat estimates by more than 65% on the bottom line.
CEO Chirantan “CJ” Desai highlighted growth in the large enterprise segment. Demand increased across the Americas, Europe, the Middle East and Africa. Desai assumed the CEO role in November following Dev Ittycheria’s departure.
The self-service business performed exceptionally well. Digital natives, AI companies, and developers continue adopting MongoDB’s platform at a healthy pace.
Atlas Accelerates Performance
MongoDB’s Atlas cloud database service hit 30% year-over-year growth. That acceleration drove much of the quarter’s outperformance.
The company reported a net loss of $2.01 million. That equals 2 cents per share. The prior year’s Q3 loss was $9.78 million, or 13 cents per share.
MongoDB adjusts earnings to exclude stock-based compensation, intangible asset amortization, and income tax impacts. These adjustments create the gap between reported losses and positive adjusted earnings.
Strong Guidance Lifts Outlook
Fourth-quarter revenue is expected between $665 million and $670 million. That forecast exceeded analyst projections for the period.
MongoDB raised its full-year fiscal 2026 guidance. The new range of $2.434-2.439 billion tops the previous $2.34-2.36 billion outlook. FactSet analyst consensus stood at $2.36 billion.
Billings totaled $687.3 million in the quarter. That represents a 34.4% year-over-year jump. Billings measure upfront cash collection from customers.
Customer Growth Stays Steady
The customer base expanded to 62,500. MongoDB added 2,600 customers during the quarter. That sequential growth matched recent trends and exceeded historical averages.
Free cash flow margin improved to 22.3%. That’s up from 11.8% in the previous quarter. Operating margin reached negative 2.9%, better than last year’s negative 5.3%.
Adjusted operating income landed at $123.1 million. Analysts expected $70.72 million. The company achieved a 19.6% margin, beating estimates by 74%.
The stock reached $356.77 immediately after earnings, gaining 8.4%. MongoDB’s market capitalization stands at $27.04 billion.
Desai said the company delivered meaningful margin outperformance while executing on profitable growth plans. Over five years, revenue has grown at a 33.7% compound annual rate.
The company’s billings growth of 34.4% outpaced revenue growth. This indicates MongoDB collects cash upfront before recognizing revenue over contract terms.
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