Upstart, Monday.com, and Veeva Systems Shares Surge on MongoDB's Impressive Earnings
ByAinvest
Wednesday, Aug 27, 2025 5:31 pm ET2min read
MDB--
July 02, 2025 — MongoDB Inc. (MDB) reported robust financial results for the second quarter of 2026, with revenue surpassing expectations and a positive outlook for the upcoming quarter. The company's strong performance has led to a surge in shares of Upstart, monday.com, and Veeva Systems, as investors anticipate similar health in the broader data storage and SaaS sectors. This positive sentiment has also benefited peers like DigitalOcean and Snowflake, who saw significant gains.
Key Highlights:
- Revenue Growth: MongoDB reported a 24% year-over-year increase in revenue to $591 million, exceeding the high end of its guidance. Atlas, MongoDB's cloud service, accounted for 74% of total revenue and grew by 29% year-over-year [1].
- Operating Margin: The company delivered non-GAAP operating income of $87 million, representing a 15% non-GAAP operating margin.
- Customer Base: MongoDB ended the quarter with over 59,900 customers, with a significant number of recently added customers building AI applications.
- AI Infrastructure: MongoDB highlighted its role as a critical component for AI infrastructure, noting that many of its newly added customers are leveraging the platform for AI applications.
Market Reaction:
The positive earnings report from MongoDB has had a ripple effect on the broader market. Shares of Upstart, monday.com, and Veeva Systems surged following the announcement, as investors believe the strong performance of MongoDB indicates robust demand for cloud-based database services. This sentiment has also benefited other companies in the data storage and SaaS sectors, with DigitalOcean and Snowflake also seeing significant gains.
Outlook:
MongoDB has raised its full-year revenue guidance to $2.34 billion to $2.36 billion, an increase of $70 million from its prior guidance. The company expects non-GAAP net income per share to be in the range of $3.64 to $3.73. For the third quarter, revenue is expected to be in the range of $587 million to $592 million, with non-GAAP net income per share projected to be in the range of $0.76 to $0.79.
Conclusion:
MongoDB's strong Q2 earnings and optimistic outlook have had a significant impact on the broader data storage and SaaS sectors. The company's performance suggests robust demand for its cloud-based database services, leading investors to believe that similar trends are likely in other areas of the market. As MongoDB continues to innovate and expand its customer base, particularly in the AI infrastructure space, investors are likely to remain optimistic about its prospects.
References:
[1] https://seekingalpha.com/news/4489362-mongodb-raises-2026-revenue-guidance-by-70m-amid-accelerating-atlas-growth-and-increased
[2] https://www.marketscreener.com/news/mongodb-surpasses-analyst-expectations-with-robust-growth-ce7c50dedb8fff23
UPST--
VEEV--
Upstart, monday.com, and Veeva Systems shares surged after MongoDB reported strong earnings, beating revenue expectations and providing an optimistic outlook for the upcoming quarter. The data analytics company's performance suggests robust demand for its cloud-based database services, leading investors to believe the broader data storage and SaaS sectors are experiencing similar health. The positive sentiment created a ripple effect, with peers like DigitalOcean and Snowflake also seeing significant gains.
Title: MongoDB's Strong Q2 Earnings Boost Upstart, monday.com, and Veeva SystemsJuly 02, 2025 — MongoDB Inc. (MDB) reported robust financial results for the second quarter of 2026, with revenue surpassing expectations and a positive outlook for the upcoming quarter. The company's strong performance has led to a surge in shares of Upstart, monday.com, and Veeva Systems, as investors anticipate similar health in the broader data storage and SaaS sectors. This positive sentiment has also benefited peers like DigitalOcean and Snowflake, who saw significant gains.
Key Highlights:
- Revenue Growth: MongoDB reported a 24% year-over-year increase in revenue to $591 million, exceeding the high end of its guidance. Atlas, MongoDB's cloud service, accounted for 74% of total revenue and grew by 29% year-over-year [1].
- Operating Margin: The company delivered non-GAAP operating income of $87 million, representing a 15% non-GAAP operating margin.
- Customer Base: MongoDB ended the quarter with over 59,900 customers, with a significant number of recently added customers building AI applications.
- AI Infrastructure: MongoDB highlighted its role as a critical component for AI infrastructure, noting that many of its newly added customers are leveraging the platform for AI applications.
Market Reaction:
The positive earnings report from MongoDB has had a ripple effect on the broader market. Shares of Upstart, monday.com, and Veeva Systems surged following the announcement, as investors believe the strong performance of MongoDB indicates robust demand for cloud-based database services. This sentiment has also benefited other companies in the data storage and SaaS sectors, with DigitalOcean and Snowflake also seeing significant gains.
Outlook:
MongoDB has raised its full-year revenue guidance to $2.34 billion to $2.36 billion, an increase of $70 million from its prior guidance. The company expects non-GAAP net income per share to be in the range of $3.64 to $3.73. For the third quarter, revenue is expected to be in the range of $587 million to $592 million, with non-GAAP net income per share projected to be in the range of $0.76 to $0.79.
Conclusion:
MongoDB's strong Q2 earnings and optimistic outlook have had a significant impact on the broader data storage and SaaS sectors. The company's performance suggests robust demand for its cloud-based database services, leading investors to believe that similar trends are likely in other areas of the market. As MongoDB continues to innovate and expand its customer base, particularly in the AI infrastructure space, investors are likely to remain optimistic about its prospects.
References:
[1] https://seekingalpha.com/news/4489362-mongodb-raises-2026-revenue-guidance-by-70m-amid-accelerating-atlas-growth-and-increased
[2] https://www.marketscreener.com/news/mongodb-surpasses-analyst-expectations-with-robust-growth-ce7c50dedb8fff23
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