MongoDB Stock Surges 15% After Blowout Q3 Earnings Report

MongoDB shares skyrocketed in after-hours trading as the database company delivered a stunning third-quarter performance. Revenue climbed 19% year-over-year to $628 million, demolishing Wall Street's $592 million estimate. The real shock came in adjusted earnings per share—$1.32 versus the anticipated 80 cents—marking one of the most substantial beats in recent tech earnings history.

The company's growth engine shows no signs of slowing. MongoDB raised its full-year fiscal 2026 guidance by nearly $100 million to $2.434-2.439 billion, while Q4 revenue projections of $665-670 million likewise surpassed expectations. Enterprise adoption appears to be accelerating, with 2,600 new customers joining the platform last quarter.

New CEO Chirantan 'CJ' Desai highlighted particularly strong performance in large enterprise segments during a CNBC interview. The Atlas platform's 30% year-over-year growth suggests MongoDB continues gaining ground against legacy database providers. This earnings beat reinforces the growing market preference for agile, scalable database solutions in the digital transformation era.