MongoDB Shares Surge 23% as Company Lifts Full-Year Outlook After Blowout Q3

Core Insights - MongoDB's shares surged over 23% intra-day following third-quarter results that significantly exceeded expectations and raised full-year guidance, driven by strong performance in its Atlas cloud database platform [1] Financial Performance - For fiscal 2026, MongoDB now anticipates adjusted earnings between $4.76 and $4.80 per share, and revenue of $2.43 billion to $2.44 billion, an increase from previous projections of adjusted earnings of $3.64 to $3.73 and revenue of $2.34 billion to $2.36 billion [2] - In the latest quarter, MongoDB reported adjusted EPS of $1.32 on revenue of $628.3 million, surpassing Wall Street estimates of $0.81 and $593.8 million [3] - The company expects adjusted EPS for the current quarter to be between $1.44 and $1.48, with revenue forecasted between $665 million and $670 million [3] Customer Growth - The adoption of the Atlas platform continues to drive growth, with total Atlas customers increasing to over 60,800, up from over 51,100 a year earlier [3]