Shares of MongoDB (NASDAQ: MDB) jumped more than 23% intra-day on Tuesday after the company delivered third-quarter results that far exceeded expectations and significantly raised its full-year guidance, fueled by continued momentum in its Atlas cloud database platform.
MongoDB said it now expected fiscal 2026 adjusted earnings between $4.76 and $4.80 per share, alongside revenue of $2.43 billion to $2.44 billion. The company had previously projected adjusted earnings of $3.64 to $3.73 and revenue of $2.34 billion to $2.36 billion for the fiscal year.
For the latest quarter, MongoDB reported adjusted EPS of $1.32 on revenue of $628.3 million, well ahead of Wall Street estimates of $0.81 and $593.8 million, respectively. Atlas adoption continued to be a key growth driver, with total Atlas customers rising to more than 60,800, compared with over 51,100 a year earlier.
Looking to the current quarter, MongoDB guided to adjusted EPS of $1.44 to $1.48, with revenue forecast between $665 million and $670 million.
