MongoDB shares jump after stellar earnings

MongoDB shares rose 15% in after-hours trading on Monday after the company reported quarterly results that exceeded Wall Street expectations and issued strong guidance for the remainder of the year.

The company posted third-quarter revenue of $628 million. The figure increased 19% from a year earlier and came in well above the $592 million expected by analysts surveyed by LSEG. Adjusted earnings reached $1.32 per share, compared with projections of 80 cents per share.

CEO Chirantan “CJ” Desai said the company saw solid momentum in its large enterprise accounts during the period. He said that demand strengthened across the Americas, Europe, the Middle East and Africa. He also said self-service customers, including digital-native and AI-focused companies, delivered strong results as developers continued building on the platform.

Desai became CEO in November, succeeding Dev Ittycheria, who led MongoDB for 11 years.

MongoDB reported a net loss of $2.01 million in the quarter. The loss amounted to 2 cents per share, compared with a net loss of $9.78 million, or 13 cents per share, in the same period last year. The company said adjusted figures excluded expenses related to stock-based compensation, the amortization of intangible assets and income taxes.

MongoDB issued fourth-quarter revenue guidance of $665 million to $670 million. The company also raised its full-year 2026 forecast to a range of $2.434 billion to $2.439 billion. Its previous range was $2.34 billion to $2.36 billion. Analysts surveyed by FactSet expected $2.36 billion.

The company said the updated outlook reflects its performance across both enterprise and self-service channels. The results and guidance came as shares of several AI-related companies experienced broader volatility in recent weeks.

MongoDB said demand from large organizations remained a key contributor in the third quarter, while developer activity on its platform continued to expand. The company highlighted customer adoption in regions worldwide as a driver of its year-over-year revenue growth.

Shares of MongoDB advanced sharply in after-hours trading after the report, reflecting investor reaction to the earnings beat and raised full-year projections.