MongoDB shares surge 15% on guidance boost

Core Insights - MongoDB shares surged by up to 16% in after-hours trading following strong fiscal Q2 earnings and an increase in full-year guidance [1] - The company reported adjusted earnings per share of 70 cents, exceeding the expected 49 cents, and revenue of $478.1 million, surpassing the forecast of $464.1 million [1] - Year-over-year revenue growth for the quarter ending July 31 was 13%, although the net loss increased to $54.5 million from $37.6 million in the same quarter last year [1] Financial Performance - Fiscal Q2 adjusted earnings per share: 70 cents vs. expected 49 cents [1] - Revenue for Q2: $478.1 million vs. expected $464.1 million [1] - Year-over-year revenue growth: 13% [1] - Net loss for Q2: $54.5 million (74 cents per share) compared to $37.6 million (53 cents per share) in the previous year [1] Future Guidance - For fiscal Q3, MongoDB expects adjusted earnings of 65 to 68 cents per share and revenue between $493.0 million and $497.0 million, exceeding analyst expectations of 60 cents and $478.8 million [3] - The fiscal 2025 forecast has been raised to adjusted earnings of $2.33 to $2.47 per share and revenue of $1.92 billion to $1.93 billion, up from previous guidance of $2.15 to $2.30 per share and $1.88 billion to $1.90 billion [4] - Analysts had predicted adjusted earnings of $2.26 per share and revenue of $1.90 billion for fiscal 2025 [4] Market Context - Excluding after-hours trading, MongoDB shares were down nearly 40% year-to-date, while the S&P 500 index gained 17% during the same period [5]