MongoDB Inc. (NASDAQ: MDB) saw its shares surge almost 30% in pre-market trading after the database company posted stronger-than-expected second-quarter results for fiscal 2026.
The rally underscores growing investor confidence in MongoDB’s expanding customer base, cloud growth, and rising profitability.
Revenue Growth Driven by Atlas Cloud Adoption
The company reported $591.4 million in revenue, representing a 24% year-over-year increase.
A key growth driver was MongoDB Atlas, the company’s cloud database service, which grew 29% and now makes up 74% of total revenue.
This reflects accelerating adoption of cloud-native solutions as enterprises modernize data management to meet AI and digital transformation demands.
Record Customer Additions Fuel Momentum
Customer growth hit a record pace, with MongoDB adding 2,800 net new customers in Q2, pushing its total above 59,900.
Year-to-date, more than 5,000 customers have joined the platform. This expansion indicates strong demand across both large enterprises and smaller developers seeking scalable, flexible data solutions.
Profitability Turns Positive
MongoDB delivered a significant profitability turnaround. Non-GAAP net income reached $87.2 million ($1.00 per share), compared to a net loss of $59 million in the same quarter last year. Free cash flow also improved dramatically to $69.9 million, reversing a $4 million outflow a year earlier.
Upgraded Full-Year Outlook
On the back of strong Q2 results, MongoDB raised its fiscal 2026 outlook:
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Revenue guidance: $2.34 billion to $2.36 billion
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Non-GAAP EPS guidance: $3.64 to $3.73
This upbeat forecast suggests continued confidence in customer expansion and ongoing cloud adoption.
Investor Takeaway
MongoDB’s nearly 30% surge highlights Wall Street’s optimism about its role in powering cloud applications and AI-driven workloads.
With accelerating customer growth, strong financials, and upgraded guidance, MongoDB is positioning itself as a key player in the enterprise software and cloud database market.
For investors, the stock’s momentum signals both short-term excitement and long-term growth potential—though continued competition from major cloud providers will remain a factor to watch.
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