MongoDB's Q2 Earnings Smash Estimates, Shares Surge

MongoDB (MDB) reported Q2 FY2026 earnings with EPS of $1.00, surpassing the consensus estimate of $0.67. Revenue increased 23.7% YoY to $591.4 million, also exceeding analyst expectations. The company achieved a 29% growth in Atlas revenue, the highest number of net new customer additions ever, and strong demand from AI application builders. Shares surged in after-hours trading.

MongoDB (MDB) has reported its second-quarter fiscal 2026 earnings, with adjusted earnings per share (EPS) of $1.00, surpassing the consensus estimate of $0.67. The company's revenue increased 23.7% year-over-year (YoY) to $591.4 million, also exceeding analyst expectations [2]. The company's cloud database service, MongoDB Atlas, saw a 29% growth in revenue, contributing significantly to the overall results [2].

Key highlights of MongoDB's Q2 performance include:

- Revenue Growth: MongoDB's revenue for Q2 FY2026 was $591.4 million, up 23.7% from the same period last year [2].
- Adjusted EPS: The adjusted EPS of $1.00 exceeded the consensus estimate of $0.67, demonstrating strong profitability [2].
- Atlas Revenue Growth: MongoDB Atlas, the company's cloud database service, grew by 29% YoY, making up 74% of total Q2 revenue [2].
- Customer Expansion: MongoDB added 2,800 customers in Q2, bringing the total customer base to over 59,900 [2].
- Stock Performance: Shares of MongoDB surged in after-hours trading following the earnings announcement.

The company's strong performance was driven by robust demand from AI application builders and continued growth in its cloud database services. MongoDB's stock has shown a positive reaction to the earnings guidance, with shares rising 3.4% to close at $219.06 on Friday [1].

MongoDB's shares are currently trading at 64 times the next 12-month earnings, up from a P/E of 62 three months ago [2]. The stock's recent performance has been influenced by positive analyst sentiment, with an average analyst rating of "buy" and a median 12-month price target of $275.00 [2].

MongoDB's CFO, Mike Berry, who joined the company in May 2025, will deliver his first earnings call, providing insights into the company's financials and cost discipline strategies [1]. Investors will closely watch for any upward revisions in guidance for Q3 and fiscal 2026, which could signal strong customer demand and provide a boost to the stock's momentum.

References:
[1] https://www.ainvest.com/news/mongodb-expected-report-q2-earnings-analyst-forecasts-2508/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX2E337F:0-database-software-firm-mongodb-s-q2-adjusted-profit-beats-analyst-estimates/