MongoDB stock jumps 15% on earnings and revenue beat, strong guidance

Shares of MongoDB experienced a remarkable 15% increase in after-hours trading on Monday following the company's announcement of robust third-quarter earnings that exceeded Wall Street's forecasts. The database software provider reported a revenue of $628 million, marking a 19% increase compared to the previous year, significantly surpassing the $592 million anticipated by analysts from LSEG. In addition to strong revenue, MongoDB's adjusted earnings per share came in at $1.32, well above the consensus estimate of 80 cents per share. Former CEO Dev Ittycheria highlighted the impressive results, stating, "These results reflect the strength of MongoDB's platform – our flexible document model, expanded database capabilities like search and vector search, enterprise-grade security, durability, availability, performance, and the ability to run anywhere." Ittycheria, who led the company for an impressive 11 years, was succeeded in November by former Cloudflare executive Chirantan "CJ" Desai. Looking ahead, MongoDB projects fourth-quarter revenue to fall between $665 million and $670 million. The company also raised its full-year 2026 guidance, now estimating revenue between $2.434 billion and $2.439 billion, compared to its previous guidance of $2.34 billion to $2.36 billion. Analysts surveyed by FactSet had anticipated a figure of $2.36 billion.