MongoDB Inc. (MDB) reported third-quarter results Monday after the close that made analysts' estimates look downright pessimistic. The database platform company delivered the kind of beat that gets shareholders excited and sends shares soaring in after-hours trading.
The Numbers Tell a Strong Story: MongoDB posted third-quarter revenue of $628.31 million, sailing past analyst estimates of $591.52 million. But the real surprise came on the bottom line, where the company reported adjusted earnings of $1.32 per share—demolishing expectations of just 80 cents per share.
Total revenue climbed 19% year-over-year, with subscription revenue growing 19% and services revenue up 12%. The company's customer base continues expanding at a healthy clip, adding 2,600 new customers during the quarter to bring the total count north of 62,500 as of October 31.
MongoDB generated $140.1 million in free cash flow during the period and finished the quarter sitting on $2.3 billion in cash, cash equivalents, restricted cash and short-term investments. That's a comfortable cushion for any growth company.
"MongoDB delivered strong third quarter results that exceeded the high-end of our guidance driven by continued strength in Atlas, which saw growth accelerate to 30% year-over-year. We also delivered meaningful margin outperformance as we executed on our plan to drive profitable growth. Reflecting this strength, we are raising our guidance on the top and bottom line for the rest of the year," said CJ Desai, president and CEO of MongoDB.
Looking Ahead: The real story might be in the guidance. MongoDB expects fourth-quarter revenue between $665 million and $670 million, compared to analyst estimates of just $625.12 million. On earnings, the company guided for $1.44 to $1.88 per share versus the Street's 93 cents per share estimate.
For the full fiscal 2026, MongoDB raised its revenue guidance to $2.43 billion to $2.44 billion, up from prior guidance of $2.34 billion to $2.36 billion. Analysts had been modeling $2.36 billion. The company also significantly boosted its adjusted earnings outlook from $3.64 to $3.73 per share to a new range of $4.76 to $4.80 per share, crushing estimates of $3.71 per share.
MongoDB executives planned to discuss the results in more detail on an earnings call with investors and analysts at 5 p.m. ET Monday.
MDB Price Action: MongoDB shares jumped 15.88% in after-hours trading Monday, reaching $381.10 at publication time.
