MongoDB Inc. (NASDAQ: MDB) surged 21.32% in post-market trading on Monday following the release of its third-quarter fiscal 2026 earnings report. The stock's sharp rise came as investors reacted to the company's better-than-expected financial results and optimistic outlook.
The database software leader reported Q3 revenue of $628.3 million, surpassing the IBES estimate of $595.6 million, while adjusted earnings per share came in at $1.32, well above the $0.80 consensus. MongoDB's Atlas platform, which now accounts for 75% of total revenue, grew 30% year-over-year, driving the strong performance.
MongoDB also raised its full-year revenue guidance to $2.434 billion-$2.439 billion, up from previous estimates, and adjusted EPS guidance to $4.76-$4.80, signaling confidence in continued growth. The company attributed its strong performance to increasing demand for its AI-powered database solutions and deepening integration with cloud platforms like Google Cloud.