Why MongoDB Stock Is Skyrocketing in After-Hours Trading?

Core Insights - MongoDB's stock experienced a significant increase of 21.8% in after-hours trading following the release of its Q3 2026 financial results, which exceeded expectations on both revenue and earnings [1][2] Financial Performance - Analysts had projected MongoDB's revenue at $593.4 million and adjusted EPS at $0.79, but the company reported actual sales of $628.3 million and adjusted EPS of $1.32 [2] - The company has revised its fiscal 2026 revenue forecast to a range of $2.434 billion to $2.439 billion, up from the previous estimate of $2.25 billion to $2.29 billion [5] - Adjusted EPS expectations have also been increased from a range of $2.94 to $3.12 to a new range of $4.76 to $4.80 [5] Market Data - As of the latest trading session, MongoDB's stock price was $328.87, with a market capitalization of $27 billion [3] - The stock's trading range for the day was between $321.26 and $335.92, and it has a 52-week range of $140.78 to $385.44 [4] Business Highlights - The strong performance in Q3 2026 is attributed to the cloud platform, Atlas, which saw a 30% year-over-year revenue increase [4] - MongoDB's shares are currently valued at 11.8 times trailing sales, which is below its five-year average sales multiple of 14.7, indicating a discount to its historical sales valuation [6]