MongoDB's Q4 revenue beat; outlook fails to impress investors

Mongodb

02/03/2026 21:22

Overview

Database platform's fiscal Q4 revenue rose 27%, beating analyst expectations

Adjusted EPS for fiscal Q4 beat consensus

Company announced new AI capabilities and leadership changes

Outlook

MongoDB expects Q1 fiscal 2027 revenue between $659 mln and $664 mln

Company forecasts full-year fiscal 2027 revenue between $2.860 bln and $2.900 bln

MongoDB anticipates non-GAAP income from operations of $545 mln to $565 mln for FY 2027

Result Drivers

GO-TO-MARKET EXECUTION - Co attributed strong Q4 results to effective go-to-market strategies and broad-based demand across product lines

ATLAS REVENUE GROWTH - Atlas revenue increased 29% year-over-year, contributing significantly to overall revenue growth

AI INTEGRATION - Integration of AI capabilities into MongoDB platform enhanced product offerings and customer interest

Company press release: ID:nPn9VLPFra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$695.10 mln
$667.15 mln (34 Analysts)
Q4 Adjusted EPS
Beat
$1.65
$1.45 (31 Analysts)
Q4 EPS
$0.18
Q4 Adjusted Net Income
Beat
$142.70 mln
$126.73 mln (29 Analysts)
Q4 Net Income
$15.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 32 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for MongoDB Inc is $450.00, about 37% above its February 27 closing price of $328.47

The stock recently traded at 58 times the next 12-month earnings vs. a P/E of 79 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)