MongoDB Gears Up to Report Q3 Earnings: What's in the Offing?

Core Insights - MongoDB (MDB) is set to release its third-quarter fiscal 2026 results on December 1, with expected revenues between $587 million and $592 million, reflecting an 11.68% year-over-year growth [1][10] - Non-GAAP earnings per share are anticipated to be in the range of 76 to 79 cents, with a consensus estimate of 79 cents, indicating a decline of 31.9% year-over-year [2][10] - MongoDB has consistently beaten earnings estimates in the past four quarters, with an average surprise of 69.56% [2] Revenue and Earnings Expectations - The Zacks Consensus Estimate for third-quarter revenues is currently at $591.22 million [1] - The company’s revenue guidance suggests solid year-over-year growth despite challenges from prior-year multiyear deal concentration, which is expected to negatively impact non-Atlas revenues [3] Growth Drivers - MongoDB's growth is driven by the strong performance of its Atlas platform, which accounted for 74% of second-quarter revenues and experienced a 29% year-over-year growth [4] - The integration of search and vector search capabilities into Community Edition and Enterprise Server is expected to broaden developer adoption [5] - The launch of MongoDB AMP, an AI-powered Application Modernization Platform, is aimed at helping enterprises modernize legacy applications [6] Customer Acquisition and Market Position - The company added over 5,000 customers in the first half of fiscal 2026, indicating expanding penetration within Fortune 500 companies and increasing traction in AI applications [7] - MongoDB's differentiated platform, which combines document flexibility with integrated search capabilities, positions it for continued growth and margin expansion [7] Earnings Prediction Model - According to the Zacks model, MongoDB has a positive Earnings ESP of +6.33% and a Zacks Rank of 2 (Buy), which increases the likelihood of an earnings beat [8]