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MongoDB stock jumps 15% on earnings and revenue beat, strong guidance
MongoDB shares rose 15% in after-hours trading on Monday after the company announced third-quarter earnings that topped Wall Street estimates and issued a strong forecast.
The database software maker reported a revenue of $628 million, which was up 19% year over year, blowing past the $592 million expected by LSEG analysts.
The company's adjusted earnings per share of $1.32 also beat Wall Street's projections of 80 cents per share.
CEO Chirantan "CJ" Desai told CNBC's Jon Fortt on Monday that the company saw "significant growth" in its large enterprise segment during the third quarter, driven by rising demand in the Americas, Europe, the Middle East and Africa.
Earnings live: MongoDB stock soars on strong Q3 results as reports from CrowdStrike, Marvell loom
The third quarter earnings season is winding down, and only a handful of major companies have yet to report results.
So far, the Q3 earnings season has been solid. As of Nov. 21, 95% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 13.4% jump in earnings per share during the third quarter. If that figure holds, it would mark the fourth straight quarter of double-digit earnings growth and an acceleration from the 12% earnings growth rate reported in Q2 of this year.
Expectations were much lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share in Q3, as of Sept. 30.
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MongoDB, Inc. Announces Third Quarter Fiscal 2026 Financial Results
NEW YORK, Dec. 1, 2025 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the third quarter ended October 31, 2025.
"MongoDB delivered strong third quarter results that exceeded the high-end of our guidance driven by continued strength in Atlas, which saw growth accelerate to 30% year-over-year. We also delivered meaningful margin outperformance as we executed on our plan to drive profitable growth. Reflecting this strength, we are raising our guidance on the top and bottom line for the rest of the year," said CJ Desai, President and Chief Executive Officer of MongoDB.
"Q3 was an exceptional quarter. Existing customers are expanding with us and net-new customer additions continue to show strength. Companies across industries and geographies are choosing MongoDB because we provide a unified data platform that powers mission-critical workloads today and also positions them to capitalize on the emerging AI platform shift."
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