Software firm MongoDB Q3 revenue breezes past estimates

Mongodb

01/12/2025 21:16

Overview

MongoDB Q3 fiscal 2026 revenue grows 19% yr/yr, beating analyst expectations

Adjusted EPS for Q3 fiscal 2026 beats consensus, reflecting strong execution

Atlas revenue grows 30% yr/yr, now 75% of total Q3 revenue

Outlook

MongoDB raises full-year revenue guidance to $2.434 bln-$2.439 bln

Company forecasts Q4 revenue between $665 mln and $670 mln

MongoDB expects full-year non-GAAP EPS of $4.76-$4.80

Result Drivers

ATLAS GROWTH - Atlas revenue increased 30% yr/yr, now comprising 75% of total revenue, driving overall growth

CUSTOMER EXPANSION - Added 2,600 customers, reaching over 62,500 total, with existing customers expanding usage

AI PLATFORM SHIFT - Co's unified data platform supports mission-critical workloads and positions clients for AI shift

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$628.30 mln
$591.52 mln (33 Analysts)
Q3 Adjusted EPS
Beat
$1.32
$0.80 (32 Analysts)
Q3 EPS
-$0.02
Q3 Adjusted Net Income
Beat
$114.50 mln
$70.39 mln (28 Analysts)
Q3 Net Income
-$2 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 32 "strong buy" or "buy", 9 "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 $391.00, about 15% above its November 28 closing price of $332.37

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

Press Release: ID:nPn6ZzVHga

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(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.)