MongoDB Inc. (MDB) saw its stock price surge 21.32% in after-hours trading following the release of its third-quarter fiscal 2026 results, which significantly exceeded analyst expectations. The company reported revenue of $628.3 million, beating the consensus estimate of $595.6 million, and adjusted earnings per share of $1.32, well above the expected $0.80.
The strong performance was driven by a 30% year-over-year growth in Atlas revenue, MongoDB's cloud-based database service, which now accounts for 75% of total revenue. The company 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, compared to prior expectations of $3.64-$3.73. Investors reacted positively to the earnings beat and optimistic outlook, reflecting confidence in MongoDB's continued growth and execution.