Check out shares of MongoDB this morning. Uh up about 30% right now. The stock soaring after the document database company reported stronger than expected second quarter earnings raised its fullear outlook.Joining us now for an exclusive interview is Dev Idicheria MongoDB president and CEO. Thank you for being here. Dev smile on his face.They're bigger than on the photo. What. Hold on.Before we go, I just want to know last night you put out these numbers. Was there like any betting pool among your among you ...

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CANADA - 2025/03/07: In this photo illustration, the MongoDB logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images MongoDB (NASDAQ: MDB), a leading database management provider, recently reported strong Q2 results that surpassed analyst expectations. The company also increased its full-year earnings forecast by 22% at the midpoint of its guidance range. Following this, the stock jumped over 30% in ...

格隆汇8月27日｜罗森布拉特证券(Rosenblatt Securities)将MongoDB目标价从290美元上调至305美元。 ...

Core Insights - MongoDB reported strong second-quarter fiscal year 2026 results, with revenue of $591 million, a 24% year-over-year increase, and Atlas revenue growing 29% year-over-year, representing 74% of total revenue [4][6][8] - The company added over 5,000 customers in the last two quarters, ending with over 59,900 customers, reflecting strong demand for its platform, particularly in AI applications [4][6][8] - MongoDB is increasing its full-year revenue guidance by $70 million, now expecting revenue between $2.34 billion and $2.36 billion, driven by confidence in Atlas growth and strong performance in the first half of the year [8][6] Financial Performance - Total revenue for Q2 was $591 million, exceeding guidance, with Atlas revenue growing 29% year-over-year [6][8] - Non-GAAP operating income was $87 million, resulting in a 15% operating margin, up from 11% in the previous year [6][8] - The company ended the quarter with $2.3 billion in cash and cash equivalents, and operating cash flow was $72 million, significantly improved from the previous year [6][8] Customer Growth and Market Position - MongoDB's customer base grew by approximately 2,800 sequentially, with over 58,300 customers using Atlas by the end of the quarter [6][8] - The company is focusing on enterprise customers, with over 70% of the Fortune 500 using MongoDB, indicating strong market penetration [4][5] - MongoDB's platform is increasingly being adopted for AI applications, with many new customers building AI solutions on Atlas [4][5][6] Strategic Initiatives - The company is hosting an Investor Day on September 17th to discuss growth strategies and investments in AI [4] - MongoDB is enhancing its go-to-market strategy by reallocating resources to focus on enterprise customers while still serving the SMB market through self-serve channels [4][6] - The company is investing in product development and customer education to better serve the evolving needs of AI and enterprise customers [4][5][6]

Financial Data and Key Metrics Changes - The company reported total revenue of $591 million, representing a 24% year-over-year increase and exceeding the high end of guidance [6][18] - Atlas revenue grew 29% year-over-year, now accounting for 74% of total revenue, up from 71% in the previous year [6][18] - Non-GAAP operating income was $87 million, resulting in a 15% operating margin, compared to 11% in the year-ago period [22][24] - Net income for the quarter was $87 million, or $1 per share, compared to $59 million, or $0.70 per share, in the prior year [24] Business Line Data and Key Metrics Changes - Atlas customer count increased to over 58,300, up from over 49,200 in the year-ago period, contributing significantly to revenue growth [21] - Non-Atlas annual recurring revenue (ARR) grew 7% year-over-year, with a total customer count of 59,900, up from over 50,700 a year ago [20][21] - The company added approximately 2,800 customers sequentially in Q2, with 300 from the Voyage acquisition [20] Market Data and Key Metrics Changes - The company experienced broad-based strength in larger customers, particularly in the U.S., contributing to the acceleration in Atlas consumption growth [17][76] - The net annual recurring expansion rate was approximately 119%, consistent with recent quarters [22] Company Strategy and Development Direction - The company is focused on driving durable growth and margin expansion, with an emphasis on AI and enterprise readiness [5][16] - Management highlighted the importance of integrating advanced capabilities like search and vector search into their offerings to enhance customer value [8][11] - The company is committed to investing in R&D and developer awareness while maintaining a disciplined approach to spending [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive continued revenue and profitability growth, raising full-year revenue guidance by $70 million [26][28] - The company anticipates mid-20s percentage growth for Atlas in the second half of the year, reflecting strong consumption trends [27][28] - Management noted that while AI adoption is increasing, it remains in the early stages for many enterprises [14][90] Other Important Information - The company ended the quarter with $2.3 billion in cash and cash equivalents, and repurchased approximately 930,000 shares for $200 million [24][25] - A modest restructuring impacted less than 2% of employees, resulting in approximately $5 million of one-time charges [23] Q&A Session Summary Question: Drivers of strong sequential growth in Atlas - Management attributed the strong sequential growth to larger workloads acquired over the past year and the uptick in capabilities like search and vector search [36] Question: Update on the state of the Salesforce organization - Management confirmed that the strategy remains focused on moving upmarket while effectively serving the SMB market through self-serve channels [40] Question: Acceleration in self-service despite moving upmarket - Management highlighted that the self-serve team has been running experiments to attract SQL developers and improve engagement [46] Question: Impact of AI on Atlas growth - Management clarified that while AI customer additions are increasing, they were not a material driver of growth in the current quarter [57] Question: Migration opportunities and modernization efforts - Management expressed excitement about app modernization and the investments being made to drive automation in code analysis and refactoring [61] Question: Industry developments and competition - Management discussed the strategic importance of OLTP for AI and how MongoDB's architecture positions it favorably against competitors [66][67] Question: Insights on Postgres adoption for AI startups - Management noted that many startups initially choose Postgres out of familiarity but face scaling challenges as they grow, leading them to consider MongoDB [70][72]

MongoDB (MDB) Q2 2026 Earnings Call August 26, 2025 05:00 PM ET Speaker0Good day, everyone, and welcome to MongoDB's Second Six Quarter Fiscal Year twenty twenty six Earnings Call. At this time, all participants are in a listen only mode. After the presentation, there will be a question and answer session. Please note this conference is being recorded. Now it's my pleasure to turn the call over to Brian Denio from ICR.Please go ahead.Speaker1Thank you, Carmen. Good afternoon and thank you for joining us tod ...

Well, MongoDB and Octa earnings are out. Steve Kovak has the numbers for both. Steve, >> hey there, John.Let's start with MongoDB because shares are just absolutely soaring here on a monster beat on these earnings. EPS coming in at a dollar adjusted. Street wanted to see 66 cents.That's a huge beat there. And there's also a beat here on revenue 591 million. Street was looking for 556.3% million.And also their raise uh their guidance is uh well above expectations here for the Q3 and for the rest of the year. ...

Core Insights - MongoDB reported strong second-quarter results, with earnings of $1 per share, surpassing the analyst estimate of 66 cents [1] - Quarterly revenue reached $591.4 million, exceeding the Street estimate of $552.45 million and showing a year-over-year increase from $478.1 million [1][2] Financial Performance - Atlas revenue growth accelerated to 29%, with over 5,000 new customers added year-to-date, marking the highest customer addition in the first half of the year [2] - Subscription revenue was $572.4 million, reflecting a 23% year-over-year increase, while services revenue was $19 million, up 33% year-over-year [4] Future Outlook - For the third quarter, MongoDB anticipates adjusted EPS between 76 cents and 79 cents, compared to the 71 cent estimate, and revenue in the range of $587 million to $592 million, exceeding the $582.42 million estimate [3] - The company raised its fiscal 2026 adjusted EPS guidance to between $3.64 and $3.73, above the $3.10 analyst estimate, and increased its revenue outlook to between $2.34 billion and $2.36 billion, compared to the $2.29 billion estimate [4] Stock Performance - Following the earnings report, MongoDB's stock price rose by 22.90%, reaching $263.43 in extended trading [4]

MongoDB, Inc. Announces Second Quarter Fiscal 2026 Financial Results Second Quarter Fiscal 2026 Total Revenue of $591.4 million, up 24% year-over-year MongoDB Atlas Revenue up 29% year-over-year; 74% of Total Q2 Revenue Added 2,800 Customers, with Over 59,900 Total Customers as of July 31, 2025 NEW YORK - August 26, 2025 - MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the second quarter ended July 31, 2025. "MongoDB delivered strong second quarter results across the board, highlighte ...