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MongoDB Stock News
$401.99
22.23%
yesterday
Nasdaq,
Dec 02, 10:17 pm CET
Why the stock moved Beta
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MongoDB delivered a strong Q3, with Atlas platform growth and operating margin expansion driving optimism for the business outlook. Atlas now accounts for 75% of revenue, with customer count up 19% YoY and spend per customer rising, signaling robust platform value. MDB raised FY2026 guidance, but Q4 Atlas growth is expected to decelerate modestly, tempering near-term momentum.
MongoDB delivered quarterly results that sailed past expectations. Perhaps more importantly, the company boosted its full-year guidance, increasing its profit outlook by more than $1 per share.
MongoDB Inc (NASDAQ:MDB) shares jumped 25% on Tuesday after the cloud database company posted strong third-quarter results and raised full-year guidance, boosted by rising demand for its Atlas platform and AI-driven enterprise adoption. The company reported revenue of $628.3 million for the quarter ended November 30, up 18.7% from a year earlier and above analysts' $593.9 million estimate.
MongoDB surpassed third-quarter expectations and lifted its forecast as it benefits from AI and its Atlas platform gains popularity. CEO Chirantan "CJ" DesaiΒ said the company is approaching a "once in a lifetime" opportunity as artificial intelligence reaches an inflection.
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