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Navan (NASDAQ:NAVN – Get Free Report) and MongoDB (NASDAQ:MDB – Get Free Report) are both technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, analyst recommendations, earnings, dividends, risk, institutional ownership and valuation.

Insider and Institutional Ownership 89.3% of MongoDB shares are owned by institutional investors. 63.4% of Navan shares are owned by insiders. Comparatively, 2.6% of MongoDB shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Valuation & Earnings This table compares Navan and MongoDB”s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Navan $702.27 million 10.06 -$398.03 million ($2.15) -12.92 MongoDB $2.46 billion 12.04 -$71.15 million $0.71 519.35 MongoDB has higher revenue and earnings than Navan. Navan is trading at a lower price-to-earnings ratio than MongoDB, indicating that it is currently the more affordable of the two stocks.

Profitability This table compares Navan and MongoDB’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Navan N/A N/A N/A MongoDB 2.12% 1.06% 0.84% Analyst Recommendations This is a breakdown of recent recommendations for Navan and MongoDB, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Navan 1 1 14 1 2.88 MongoDB 0 6 26 3 2.91 Navan presently has a consensus price target of $30.36, indicating a potential upside of 9.28%. MongoDB has a consensus price target of $471.81, indicating a potential upside of 27.95%. Given MongoDB’s stronger consensus rating and higher probable upside, analysts clearly believe MongoDB is more favorable than Navan.

Summary MongoDB beats Navan on 13 of the 14 factors compared between the two stocks.

About Navan (Get Free Report)

Travel is more than just getting from point A to point B; it’s the lifeblood of connection in the modern business world. It’s about forging those critical in-person relationships with clients and partners, sparking innovation through team collaboration, and empowering employees to grow and succeed. These moments matter, and they demand a travel experience worthy of their importance. We built Navan for the road warriors, for CEOs and CFOs who understand travel’s critical importance to their strategy, the finance teams who demand precision and control, the executive assistants juggling itineraries, and the program admins ensuring seamless events. Navan is an end-to-end, AI-powered software platform built to simplify the global business T&E experience, benefiting users, customers, and suppliers. From day one, we leveraged technology to reimagine business travel. We built a comprehensive platform that serves as the foundation for further disruption. We deliver delightful, personalized experiences for users, efficiency and control for customers, and direct market access for suppliers—all powered by our proprietary AI framework, Navan Cognition. We saw firsthand the frustration of clunky, outdated systems. Travelers were forced to cobble together solutions, wait for hours on hold to book or change travel, and negotiate with travel agents. They struggled to adhere to company policies, with little visibility into those policies, and after all that, they spent even more time on tedious expense reports after a trip. We felt the pain of finance teams struggling to gain visibility into fragmented travel spending and to enforce policies, and the frustration of suppliers unable to connect directly with the high-value business travelers they sought to serve. Navan challenges this status quo by putting all three constituents—users, customers, and suppliers—at the heart of an integrated global platform. With Navan, users enjoy intuitive, AI-powered booking that anticipates users’ needs and takes a fraction of the time of legacy booking systems. Users also get expense management and clear policy guidance built-in. Customers gain real-time visibility, cost control, and safety oversight, and suppliers gain direct access to the customers who matter most. Instead of having to compromise, every group benefits, and the whole network becomes greater than the sum of its parts. Navan was built on the premise that to win, all players in the ecosystem must be integrated on one platform with AI at its core. Our platform was built from the ground up to connect distinct stakeholders, and unify traditionally disparate product features, through a single system that unlocks new efficiencies and experiences. By building true connectivity into the core of its cohesive offering, Navan is unlocking a smarter, more rewarding future for travel—one where everyone wins. The Navan platform creates a powerful flywheel effect where the user, customer, and supplier benefits reinforce each other. Our enterprise-grade platform is characterized by its intuitive design, ease of use, and tangible time-saving features, which foster a user-centric experience that travelers genuinely appreciate. This is reflected in our overall CSAT score of 96%, our virtual agent CSAT score of 78%, which is on par with human agent performance, and NPS of 43, each for the six months ended July 31, 2025. When frequent travelers have a positive, efficient experience and earn rewards, they are more likely to use Navan. The increased adoption gives the customer greater visibility into spending, stronger policy control, and cost savings, making them more invested in the platform. This, in turn, attracts more suppliers who want access to our large and loyal user base. With more suppliers and inventory available, we can offer better options and competitive pricing, further enhancing the experience for frequent travelers. This virtuous cycle strengthens each flywheel, creating a robust and self-sustaining ecosystem. Our proprietary infrastructure, which we call Navan Cloud, enables us to provide global, real-time inventory for users and forms the foundation of our platform. We aggregate supply through direct supplier relationships, real-time API integrations, and a robust network of partnerships. From day one, Navan has leveraged artificial intelligence as a cornerstone of our platform. We built Navan Cognition, a new paradigm in AI-powered travel management. This proprietary framework enables us to create, train, deploy, and supervise specialized virtual agents that can handle many complex tasks previously requiring human intervention. We make every step of the pre-booking, in-travel, and post-trip process as delightful and automated as possible. In fiscal 2025, 90% of bookings were made online or through mobile applications on the Navan platform. Our users on average are able to book a trip in seven minutes, far faster than the industry average of 45 minutes, according to Booking.com. And, in the majority of cases, users can resolve trip changes with a virtual agent, which Navan was one of the first in its industry to offer. Our strategy is to land a customer with our Travel offering, delight our users and customers, broaden their engagement with Navan, and seek to manage all of their payments, expenses, VIP needs, meetings and events, and bleisure travel on our platform. As of January 31, 2025, 36% of our customers attached to three or more offerings. Because Navan unifies all aspects of travel in one system, it is used by employees across departments and seniority levels, driving deep organizational adoption. This integrated approach streamlines trip planning, digitizes in-trip expenses, and automates post-trip reconciliation, all while enhancing the overall customer experience. Our platform also provides actionable analytics and intelligence for managers to monitor and approve travel and entertainment spend in real-time. Our platform is easy-to-use, yet powerful enough to address customers of all sizes across any industry vertical. Our proprietary AI framework, Navan Cognition, significantly enhances support capabilities and has improved our gross margins, while leveraging powerful technology capabilities across our platform, making Navan an increasingly formidable competitor. Our principal executive offices are located in Palo Alto, California.

About MongoDB (Get Free Report)

MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It offers professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.

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MongoDB, Inc. to Present at Upcoming Investor Conferences PR Newswire NEW YORK, Sept. 4, 2026

Shares of enterprise database upstart MongoDB (MDB +2.26%) fell this week, with the stock down 14.5% as of Thursday at 1:30 p.m., according to data from S&P Global Market Intelligence.

MongoDB had been a victim of the first half of the year's "SaaS-pocalypse," in which software-as-a-service stocks sold off hard amid fears of AI disruption.

However, from the end of June through the early part of earnings season, software stocks had rebounded strongly, as most companies hadn't yet seen any disruption to their businesses.

So, MongoDB had already seen its stock rise through this earnings season, heading into this week's report. While the company delivered strong results, apparently, investors were looking for a bit more.

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MongoDB beats across the board, except maybe its as-a-service offering In its fiscal second quarter, MongoDB grew revenue 30.5% to $771.8 million, with adjusted (non-GAAP) earnings per share growing 90% to $1.90. Both figures handily beat analyst expectations. Not only that, but MongoDB also guided well above analyst expectations for the current quarter and raised its outlook for the year.

So, what was the problem? Well, even after this week's sell-off, MongoDB trades at about 59 times this year's adjusted EPS estimates, and just over 10 times this year's revenue estimate. That's not overly expensive relative to where software stocks used to trade, but it's a more suspect valuation in the age of AI uncertainty.

Second, MongoDB had a curious mix of revenue last quarter, with its Enterprise Advanced segment growing 36%, but its cloud-delivered as-a-service offering, Atlas, growing at just 29%. Enterprise Advanced is a subscription offering that large enterprises run on their own on-premises, private cloud, or hybrid infrastructure. Atlas, on the other hand, is a usage-based database-as-a-service offering delivered through the cloud. In recent years, the Atlas segment has typically grown at a higher rate, and it now accounts for over 73% of total revenue.

So, the fact that Atlas is now growing more slowly, even as Enterprise Advanced accelerates, may have given investors pause, given that Atlas is now the largest revenue driver.

Image source: Getty Images.

MongoDB could be an AI winner MongoDB's flexible database architecture could eventually become an AI winner as artificial intelligence migrates from the hardware-based infrastructure build-out to the proliferation of AI-powered software and apps. While investors haven't seen the massive acceleration in growth we've seen in some other software companies, such as those in the cybersecurity sector, MongoDB is still posting strong, steady growth.

For those looking for opportunities in software amid this year's AI-driven disruption fears, MongoDB is a name to add, or at least put on one's watch list.

MongoDB (NASDAQ:MDB) reported second-quarter fiscal 2027 revenue of $772 million, up 30% from a year earlier, as growth in its Atlas cloud database platform and Enterprise Advanced self-managed offering accelerated. The company also raised its full-year outlook, citing continued enterprise demand, consumption growth in Atlas and early adoption of artificial intelligence-related workloads.

President and CEO CJ Desai said the quarter marked the company’s highest quarterly revenue growth rate since fiscal 2024. MongoDB ended the period with 70,600 customers after adding a record 2,900 net new customers, while non-GAAP operating margin reached 24%.

Atlas Growth and Enterprise Demand Atlas revenue grew approximately 29% year over year for the fifth consecutive quarter. CFO Mike Berry said Atlas exceeded the company’s guidance by roughly 300 basis points, with the platform adding a record $127 million in year-over-year revenue during the quarter. Berry said growth was led by North American enterprise customers, particularly those generating at least $100,000 in annual recurring revenue. MongoDB’s total company net ARR expansion rate rose to 122%, compared with 119% a year earlier and 121% in the prior quarter.

“As we look forward, we continue to expect really good growth from our larger enterprise customers, especially in the U.S.,” Berry said during the question-and-answer session. He added that AI-related demand remains a small contributor but has shown encouraging momentum.

MongoDB said it had nearly 3,000 customers with at least $100,000 in ARR at the end of the quarter, an increase of 17% from a year earlier. Among Atlas customers in that cohort, 48% were using two or more platform features, up from 42% a year ago, driven largely by vector and text search adoption.

AI Products Gain Adoption Management highlighted adoption of Atlas Vector Search and Voyage AI embedding and reranking models as evidence of increasing AI workload activity. Voyage customer count nearly doubled sequentially for the second consecutive quarter, according to Berry, and a large majority of new Voyage customers had no prior relationship with MongoDB.

Desai said coding agents, including Anthropic’s Claude and OpenAI’s Codex, are major sources of referral traffic for Voyage. MongoDB also launched a managed Model Context Protocol server designed to allow developers and AI agents to connect with MongoDB through tools including Claude Code, Codex, Grok Build, Cursor and Devin.

The company cited several customer examples. The Financial Times uses Atlas Vector Search and Voyage models to support AI-driven content discovery for its readers, processing more than 100,000 daily queries. Desai said the publisher reduced retrieval costs and shortened manual index-monitoring work from weeks to a day.

MongoDB also said Fireflies, an AI assistant platform for workplace conversations, selected Atlas from its inception and now operates more than 40 microservices on the platform. Legal technology company Eve uses MongoDB’s embedding and reranking capabilities to retrieve evidence from case documents for its AI products.

Desai said AI use cases gaining the most traction tend to involve production-scale, customer-facing applications rather than smaller internal copilots. He pointed to financial-services use cases such as semantic search and chatbots for wealth-management advisors, as well as employee-facing knowledge retrieval applications.

Enterprise Advanced Becomes a Larger Growth Driver Enterprise Advanced and other revenue grew 36% year over year, while Enterprise Advanced and other ARR, which normalizes for contract duration, increased approximately 11%. Berry described the revenue result as the strongest quarter for the segment in three years.

The company attributed the performance to broad-based demand across financial services, public sector and technology customers, rather than a single transaction. MongoDB launched search and vector search capabilities for Enterprise Advanced during the quarter, allowing self-managed customers to use retrieval features for AI workloads in governed environments.

Desai said Enterprise Advanced growth was not occurring at the expense of Atlas. Instead, he characterized customer deployments as an “and, not an or” decision, with some organizations using both platforms for hybrid-cloud, regulatory and operational-resilience requirements.

MongoDB cited a major U.S. bank that uses Enterprise Advanced across more than 100 production applications and expanded its use of the platform for generative AI and semantic search. It also highlighted Nationwide U.K., which uses both Enterprise Advanced and Atlas for its speed-layer application, supporting more than 24 million weekly app logins.

Berry said Atlas represented roughly 74% of revenue under the company’s current outlook and should continue to rise as a percentage of total revenue. However, he said Enterprise Advanced is expected to contribute more meaningfully than previously anticipated as it becomes a more durable growth driver.

Profitability, Cash Flow and Raised Outlook MongoDB reported non-GAAP income from operations of $186 million, or a 24% operating margin, compared with a 15% margin a year earlier. Non-GAAP net income was $163 million, or $1.90 per diluted share, compared with $87 million, or $1.00 per share, in the prior-year period.

The company said the second quarter was its third consecutive quarter of GAAP EPS profitability. It ended the period with $2.4 billion in cash equivalents and short-term investments, generated $142 million in operating cash flow and produced $138 million in free cash flow.

For the third quarter, MongoDB forecast:

Revenue of $756 million to $761 million, representing 20% to 21% year-over-year growth. Non-GAAP operating income of $152 million to $156 million. Non-GAAP earnings per share of $1.57 to $1.61. For fiscal 2027, the company raised its revenue outlook to $2.99 billion to $3.03 billion, representing growth of 21% to 23%. It now expects Atlas revenue growth of approximately 27% for the year, 300 basis points above its prior outlook, and Enterprise Advanced and other revenue growth of approximately 11%, up from prior expectations for mid-single-digit growth.

MongoDB also raised its operating-margin outlook, expecting expansion of approximately 250 basis points for fiscal 2027 while continuing investments in AI, product development, go-to-market capacity and developer awareness.

About MongoDB (NASDAQ:MDB) MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

MongoDB Inc (NASDAQ:MDB) shares have backpedaled 12.7% to trade at $378.87, even after the database software company topped its second-quarter earnings expectations and lifted its fiscal 2027 outlook.

Key Takeaways MDB Q2 revenues rose 30.5% to $771.8M, while non-GAAP EPS jumped 90% to $1.90.Atlas revenues grew 28.9% to $565.9M, while Enterprise Advanced and other revenues rose 35.9%.MDB raised fiscal 2027 revenue guidance to $2.99B-$3.03B and non-GAAP EPS to $6.39-$6.58. MongoDB, Inc. (MDB - Free Report) delivered second-quarter fiscal 2027 non-GAAP earnings of $1.90 per share, which rose 90% year over year and topped the Zacks Consensus Estimate by 18.75%.

Total revenues increased 30.5% year over year to $771.8 million and surpassed the consensus estimate by 5.2%. Results benefited from strength among large enterprise customers, solid Atlas consumption and broad Enterprise Advanced demand.

Total company net ARR expansion improved to 122% from 119% a year ago and 121% in the prior quarter.

MDB's Q2 Revenue Mix Reflects Broad StrengthSubscription revenues rose 30.5% year over year to $747.1 million, while services revenues increased 29.3% to $24.6 million. The subscription business remained the primary contributor to the top line.

Atlas-related revenues totaled $565.9 million, up 28.9% from $439.0 million a year ago. MongoDB Enterprise Advanced and other revenues reached $181.2 million, rising 35.9% from $133.4 million, reflecting broad strength across financial services, the public sector and technology.

MongoDB's Customer Metrics Keep ExpandingMongoDB ended the quarter with more than 70,600 customers, up from 59,900 a year ago, after adding approximately 2,900 customers sequentially. Atlas customers increased to more than 69,300 from 58,500 in the prior-year period.

Customers generating at least $100,000 in annual recurring revenues rose 17% year over year to 2,999. Among Atlas customers in this cohort, 48% used two or more platform features, up from 42%, driven largely by Vector Search and text search adoption. Remaining performance obligations climbed 91% to $1.52 billion.

MongoDB's Q2 Operating DetailsIn the fiscal second quarter, MongoDB’s non-GAAP gross profit increased to $585.7 million, with the non-GAAP gross margin expanding to 76% from 74% a year ago.

Subscription gross margin was 78.3%, up about 70 basis points, primarily reflecting the higher Enterprise Advanced revenue mix.

Non-GAAP sales and marketing expenses rose 6.9% year over year to $215.7 million. Research and development expenses increased 30.7% to $137.4 million, while general and administrative expenses advanced 9.6% to $46.7 million.

Non-GAAP income from operations rose to $185.9 million from $86.8 million. The corresponding operating margin expanded to 24% from 15%, underscoring stronger operating leverage alongside the quarter's revenue growth.

MongoDB's Balance Sheet & Cash FlowAs of July 31, 2026, MongoDB had cash, cash equivalents and short-term investments of $2.4 billion compared with $2.4 billion as of April 30, 2026.

During the quarter, the company allocated $100 million toward share repurchases and $59 million to settle taxes on employee restricted stock units.

Operating cash flow was $141.9 million in the fiscal second quarter compared with $201.6 million reported in the prior quarter.

Free cash flow during the quarter was $137.6 million compared with $197.5 million in the prior quarter.

MongoDB Raises Fiscal 2027 GuidanceFor the third quarter of fiscal 2027, MongoDB expects revenues of $756 million to $761 million. Non-GAAP income from operations is projected between $152 million and $156 million, while non-GAAP earnings are expected between $1.57 and $1.61 per share.

For fiscal 2027, revenues are now anticipated between $2.99 billion and $3.03 billion, up from the prior $2.92-$2.96 billion range. Non-GAAP earnings are projected between $6.39 and $6.58 per share compared with the previous $5.95-$6.14 range. Management now expects Atlas growth of approximately 27% and Enterprise Advanced and other revenue growth of about 11% for the year.

MDB’s Zacks Rank & Stocks to ConsiderMongoDB currently carries a Zacks Rank #3 (Hold).

Docusign (DOCU - Free Report) , Micron Technology (MU - Free Report) and ServiceTitan Inc. (TTAN - Free Report) are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. DOCU, MU and TTAN each currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Docusign is slated to announce its second-quarter fiscal 2027 results on Sept. 3. Micron Technology is scheduled to report its fourth-quarter fiscal 2026 results on Sept. 30, while ServiceTitan is set to announce its second-quarter fiscal 2027 results on Sept. 8.

MongoDB Stock Takes a Hit as AI Costs Cloud Strong Earnings Summary

MongoDB shares plunged despite stronger-than-expected results and an increase in the company’s full-year financial forecast

MongoDB MDB shares dropped about 15% early Wednesday despite quarterly results that exceeded analyst estimates and a higher annual forecast.

Revenue for the fiscal second quarter reached $771.8 million, representing 30% growth from a year earlier. Adjusted earnings came in at $1.90 per share, up from $1.00 a year ago, while the company also delivered a third straight quarter of GAAP profitability.

The market reaction suggests investors were looking beyond the headline numbers. MongoDB's Atlas business, its cloud database platform, expanded about 29%, while Enterprise Advanced and other revenue increased about 36%.

Management raised its fiscal 2027 revenue outlook to $2.99 billion to $3.03 billion and adjusted EPS forecast to $6.39 to $6.58. Third-quarter revenue is expected at $756 million to $761 million, with adjusted EPS of $1.57 to $1.61.

The selloff shows investors may be demanding faster cloud growth even as MongoDB improves profitability and raises guidance.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

MongoDB Inc. (NASDAQ:MDB) on Tuesday posted better-than-expected second-quarter fiscal 2027 results.

MongoDB reported quarterly earnings of $1.90 per share, which beat the Street estimate of $1.61 by 18.01%, according to data from Benzinga Pro. Quarterly revenue came in at $771.77 million, which beat the consensus estimate of $732.91 million and was up from $591.4 million in the same period last year.

"We delivered strong second quarter results, highlighted by 30% year-over-year revenue growth — the highest level of growth in several years — and continued strong profitability," said CEO CJ Desai.

MongoDB raised its fiscal 2027 adjusted EPS guidance to $6.39-$6.58, versus the $6.11 analyst estimate, and raised its revenue outlook to between $2.99 billion and $3.03 billion, versus the $2.95 billion estimate.

MongoDB shares fell 12.5% to $379.91 in pre-market trading.

These analysts made changes to their price targets on MongoDB following earnings announcement.

Stifel analyst Brad Reback maintained the stock with a Buy and lowered the price target from $475 to $465. Rosenblatt analyst Blair Abernethy maintained the stock with a Buy and raised the price target from $395 to $445. Cantor Fitzgerald analyst Thomas Blakey reiterated the stock with an Overweight rating and maintained a $540 price target. Needham analyst Mike Cikos reiterated the stock with a Buy and maintained a $430 price target. Trending

Considering buying MDB stock? Here’s what analysts think:

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MongoDB Inc (NASDAQ:MDB) reported stronger-than-expected second-quarter fiscal 2027 results on Tuesday, with revenue and adjusted earnings exceeding analyst estimates as the database software company continued to expand its cloud business. Revenue for the quarter ended July 31 was $771.8 million, up 30% from $591.0 million a year earlier and above estimates ranging from $733.6 million to $735 million.

MongoDB stock MDB fell sharply on Wednesday after the database software company reported second-quarter results that beat expectations but failed to deliver the faster Atlas growth investors had anticipated.

Shares were down 13% in trading at $375.72 after closing Tuesday down 4% ahead of the earnings release.

The selloff came despite 30% year-over-year revenue growth, a higher full-year outlook and several Wall Street firms raising their price targets.

MongoDB reported that revenue from its Atlas multi-cloud database service grew 29% year over year, exceeding the company's guidance of 26%.

However, the growth rate remained unchanged for the fifth consecutive quarter.

Morgan Stanley analysts, led by Sanjit Singh, said the result disappointed investors who had been looking for Atlas growth to accelerate to 30%.

The analysts described this as the key issue in an otherwise solid earnings report.

MongoDB shares had rallied 29% over the previous month, leaving the stock vulnerable to a pullback after the Atlas result failed to exceed heightened expectations.

MongoDB reported second-quarter revenue of $771.8 million, up 30% from a year earlier and above FactSet's analyst forecast of $735 million.

Chief Executive CJ Desai said the company had delivered “strong second quarter results,” highlighting 30% revenue growth, which he described as the company's highest growth level in several years, along with continued profitability.

MongoDB raised its fiscal 2027 revenue forecast to a range of $3 billion to $3 billion, compared with its previous outlook of $2.9 billion to $3 billion.

It also increased its adjusted earnings-per-share guidance to between $6.39 and $6.58, from $5.95 to $6.14 previously.

Rosenblatt maintained its Buy rating and raised its price target to $445 from $395. The firm noted that Atlas accounted for 73% of total revenue and had reached a run rate exceeding $2 billion.

MongoDB also added a record 2,900 customers during the quarter, while its Voyage customer count nearly doubled from the previous quarter.

Its non-Atlas on-premise business grew 36% year over year, while second-quarter operating margins reached 24%.

Despite the market reaction, Morgan Stanley said the company's business “remains very solid” and raised its price target to $430 from $380.

Cantor also lifted its price target to $540 from $434.21. Analysts led by Thomas Blakey said they continued to view MongoDB as “a beneficiary of secular app modernization trends and dynamic AI growth trends.”

Analysts pointed to MongoDB's position in artificial intelligence-enabled application development as a potential long-term growth driver.

Canaccord raised its price target to $480 from $400 while maintaining a Buy rating. Analyst David Hynes said MongoDB now has two durable growth engines where the firm had previously identified one.

The company's net revenue retention rate stood at 122%, while 48% of customers spending at least $100,000 used two or more MongoDB products, compared with 42% a year earlier.

Canaccord also noted that AI's direct contribution to revenue remains small, but said the company's AI pipeline is shifting from narrative toward more observable data.

The firm expects expectations for enterprise agreement growth to be revised at MongoDB's upcoming investor day.

While the latest results highlighted continued revenue growth, stronger profitability and improved guidance, Wednesday's selloff showed that investors remain focused on whether Atlas can return to faster growth.

MongoDB now expects Atlas revenue to grow 27% in fiscal 2027, although growth in the second half is projected to slow from first-half levels.

With price targets on MongoDB ranging widely across Wall Street following the Atlas growth debate, investors may want to track updated forecasts and ratings through investment platforms before the company's upcoming investor day.

JHVEPhoto/iStock Editorial via Getty Images

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An AI server boom helped Dell (DELL) crush estimates. (00:14) MongoDB (MDB) beat estimates, raised guidance. (01:05) JetBlue (JBLU) unveils its first domestic first-class cabin. (02:09)

This is an abridged transcript.

Dell Technologies (DELL) is up 9% in premarket action after releasing its second-quarter fiscal 2027 financial results post-market on Tuesday.

The report featured significant year-over-year gains to revenue and earnings per share as well as a $25B increase to its full-year revenue guidance.

For the quarter ended July 31, the IT and hardware company reported adjusted earnings per share of $7.04 versus the $4.92 consensus estimate. GAAP EPS was $6.34 compared to the $4.40 estimate.

Revenue for the second quarter increased 58% year over year to $46.97B, which was much more than the $44.5B estimate.

The $25B increase to its full-year revenue guidance is primarily driven by AI-optimized server revenue.

MongoDB’s (MDB) second-quarter results once again beat Wall Street’s expectations with double-digit growth in both the top- and bottom-line and upbeat guidance for both the third quarter and full year.

However, MongoDB (MDB) is down 13% premarket. The 12% increase in operating expenses driven by AI and infrastructure costs overshadowed strong quarterly results and an upbeat outlook for the remainder of the year.

MDB had a 31% increase in subscription revenue and a 29% increase in services revenue.

For FY27, the company raised its outlook again and now expects to earn a profit between $6.39 and $6.58 per share from an earlier expectation of $5.95 and $6.14 per share with a new midpoint of $6.49 that beats the $6.13 estimate.

Revenue is now expected to be within a range of $2.99B to $3.03B from $2.92B and $2.96B with a new midpoint of $3.01B that compares to the $2.96B estimate.

JetBlue (JBLU) is cashing in on the increased demand for premium and corporate travel with BlueFirst, the carrier’s first-class, premium experience for domestic flights.

Available for booking this fall, BlueFirst builds on the carrier’s JetForward strategy with specially designed seats, advanced seatback technology, and premium amenities.

Before BlueFirst, JetBlue’s (JBLU) highest-end product was Mint, a luxury business class option with lie-flat seats and private suites available on international and transcontinental flights.

The news didn’t do anything to help JetBlue (JBLU) shares, the stock was in the red for a fifth consecutive day on Tuesday.

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The FTSE 100 is down 0.5% and the DAX is down 0.6%.

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Investors simply don't know what to make of MongoDB (MDB -4.23%). The cloud-native database specialist has been caught up in the popular narrative that artificial intelligence (AI) will eliminate the need for most enterprise software, thereby spelling the end for software-as-a-service (SaaS) companies -- including MongoDB. That's an intriguing story, but largely false, as reality is much more complicated.

Expectations were high heading into the company's quarterly financial report, as investors sought insight into MongoDB's future. Unfortunately, despite delivering a beat-and-raise quarter, confidence remained elusive, and the stock was down roughly 14% in after-hours trading (as of 8:05 p.m. ET).

Let's take a look at the numbers, how MongoDB performed, and why investors panned the results.

Image source: Getty Images.

For its fiscal 2027 second quarter (ended July 31), both sales and profit growth came in ahead of expectations. MongoDB delivered revenue that climbed 30% year over year to $772 million -- marking its highest rate of growth in several years. The results were fueled by subscription revenue that grew 31% to $747 million, while services revenue climbed 29% to $24.6 million. At the same time, the company expanded its gross profit margin to 74%, up from 71% in the year-ago period.

The bottom-line results were equally impressive. MongoDB generated an adjusted net income that climbed 86% to $163 million. This resulted in adjusted earnings per share that jumped 90% to $1.90.

For context, analysts' consensus estimates called for revenue of $734 million and adjusted EPS of $1.61, so MongoDB surpassed both benchmarks with ease.

The company continues to add customers to its fully hosted database-as-a-service solution -- Atlas -- which grew revenue by 29% year over year and now represents 73% of the company's total sales.

Helping power the results was MongoDB's robust customer growth. The company added 2,900 customers during the quarter, bringing the total to 70,600, up 18% year over year. Perhaps more importantly, MongoDB's most valuable customers -- those spending more than $100,000 or more in annual recurring revenue (ARR) -- climbed to 2,999, up 17%. Moreover, customers deploying AI on Atlas grew to 30% of ARR.

A robust forecastFor the upcoming third quarter, MongoDB is forecasting revenue of $759 million and adjusted EPS of $1.59, representing growth of 21% and 20%, respectively, at the midpoint of its guidance.

Management also raised MongoDB's full-year forecast following its robust performance. The company is now guiding for revenue of roughly $3 billion, representing growth of 22% at the midpoint of its guidance, which the company says is mainly due to the strength of Atlas. There was a corresponding increase in its profit outlook, with EPS guidance of roughly $6.49, also at the midpoint.

The forecast came in well ahead of analysts' consensus estimates for revenue of $2.96 billion and adjusted EPS of $6.13.

Premium Feature

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84/100

Today's Change

(

-4.23

%) $

-19.16

Current Price

$

434.21

Why is the stock down?While most of the numbers were good news, investors took issue with MongoDB's Q3 guidance. After turning in a quarter with sales and profit growth of 30% and 90%, respectively, its forecast of roughly 20% growth was something of a letdown.

Enterprise software companies have been under scrutiny lately, driven by the aforementioned AI-related concerns. As such, investors were looking for reassurance that this quarter wasn't a one-off, and MongoDB's Q3 guidance did little to quell those fears.

While that issue certainly bears watching, I think the after-hours sell-off is overdone.

That said, even after the decline, MongoDB stock is still pricey, at 59 times next year's expected earnings. It's difficult for investors to justify a premium valuation when the company is guiding for 20% growth.

MongoDB (MDB - Free Report) came out with quarterly earnings of $1.9 per share, beating the Zacks Consensus Estimate of $1.6 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +18.75%. A quarter ago, it was expected that this database platform would post earnings of $1.18 per share when it actually produced earnings of $1.32, delivering a surprise of +11.86%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

MongoDB, which belongs to the Zacks Internet - Software industry, posted revenues of $771.77 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 5.20%. This compares to year-ago revenues of $591.4 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

MongoDB shares have added about 8% since the beginning of the year versus the S&P 500's gain of 12.3%.

What's Next for MongoDB?While MongoDB has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for MongoDB was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.53 on $743.97 million in revenues for the coming quarter and $6.07 on $2.95 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Samsara Inc. (IOT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended July 2026. The results are expected to be released on September 3.

This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +41.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Samsara Inc.'s revenues are expected to be $483.3 million, up 23.5% from the year-ago quarter.

MongoDB NASDAQ: MDB reported second-quarter fiscal 2027 revenue of $772 million, up 30% from a year earlier, as growth in its Atlas cloud database platform and Enterprise Advanced self-managed offering accelerated. The company also raised its full-year outlook, citing continued enterprise demand, consumption growth in Atlas and early adoption of artificial intelligence-related workloads.

Second quarter fiscal 2027 total revenue of $771.8 million, up 30% year-over-year

Atlas revenue up approximately 29% year-over-year in the second quarter fiscal 2027

EA & other revenue up approximately 36% year-over-year in the second quarter fiscal 2027

Raising full year fiscal 2027 guidance, with H2 raise mainly due to Atlas

, /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the second quarter ended July 31, 2026.

"We delivered strong second quarter results, highlighted by 30% year-over-year revenue growth—the highest level of growth in several years—and continued strong profitability. This performance reflects the mission-critical role our platform plays for customers, with strength driven by core enterprise workloads and early momentum with AI use cases. That strength spans our run anywhere strategy across both Atlas and Enterprise Advanced, highlighting the power of our data platform. This gives us the confidence to raise our full year fiscal 2027 guidance," said CJ Desai, President and Chief Executive Officer of MongoDB.

"Looking ahead, we're emerging as the intelligent data platform for the AI era—launching powerful retrieval innovations, simplifying how developers connect coding agents to their operational data on MongoDB, and reinforcing our position as the only modern data platform that extends seamlessly from self-managed to any cloud for production applications. These investments sharpen our focus on mission-critical capabilities, giving us high confidence in our ability to drive durable growth."

"Our second quarter results reflect very strong and growing operating leverage in our business," said Mike Berry, Chief Financial Officer of MongoDB. "We delivered a non-GAAP operating margin of 24%, up significantly from 15% a year ago, while free cash flow nearly doubled year-over-year to $137.6 million. We're also pleased to report our third consecutive quarter of GAAP EPS profitability, highlighting our disciplined approach to driving long-term shareholder value."

Second Quarter Fiscal 2027 Financial Highlights

Revenue: Total revenue was $771.8 million for the second quarter of fiscal 2027, an increase of 30% year-over-year. Subscription revenue was $747.1 million, an increase of 31% year-over-year, and services revenue was $24.6 million, an increase of 29% year-over-year. Gross Profit: Gross profit was $569.8 million for the second quarter of fiscal 2027, representing a 74% gross margin compared to 71% in the year-ago period. Non-GAAP gross profit was $585.7 million, representing a 76% non-GAAP gross margin, compared to non-GAAP gross margin of 74% in the year-ago period. Income (Loss) from Operations: Income from operations was $28.4 million for the second quarter of fiscal 2027, compared to a loss from operations of $65.3 million in the year-ago period. Non-GAAP income from operations was $185.9 million, compared to non-GAAP income from operations of $86.8 million in the year-ago period. Net Income (Loss): Net income was $40.9 million, or $0.50 per share, based on 82.0 million diluted weighted-average shares outstanding, for the second quarter of fiscal 2027. This compares to a net loss of $47.0 million, or $0.58 per share, based on 81.1 million basic and diluted weighted-average shares outstanding in the year-ago period. Non-GAAP net income was $162.6 million, or $1.90 per share, based on 85.8 million fully diluted weighted-average shares outstanding. This compares to a non-GAAP net income of $87.2 million, or $1.00 per share, based on 87.1 million fully diluted weighted-average shares outstanding in the year-ago period. Remaining Performance Obligations ("RPO"): RPO was $1,519.2 million, an increase of 91% year-over-year. Current Remaining Performance Obligations ("cRPO") was $797.3 million, an increase of 73% year-over-year. Cash Flow: As of July 31, 2026, MongoDB had $2.4 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended July 31, 2026, MongoDB generated $141.9 million of cash from operations, compared to $72.1 million in the year-ago period. MongoDB used $2.5 million of cash in capital expenditures and used $1.8 million of cash in principal payments of finance leases, leading to free cash flow of $137.6 million, compared to $69.9 million in the year-ago period. A reconciliation of each non-GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures." 

Second Quarter Fiscal 2027 Recent Business Highlights

MongoDB Search and Vector Search are now generally available in MongoDB Enterprise Advanced, bringing the retrieval capabilities MongoDB Atlas customers use to build AI applications in the cloud to self-managed, private cloud, and hybrid environments—with the same platform, APIs, and technical skills across deployment models. MongoDB launched the Atlas Managed MCP Server at .local San Francisco Build Fest, a fully hosted service that connects coding agents—including Claude Code, Codex, Grok Build, and Devin by Cognition—to live MongoDB Atlas data without requiring customers to deploy or manage additional infrastructure. MongoDB announced the general availability of four capabilities that improve AI retrieval in MongoDB Atlas: Automated Embeddings powered by Voyage AI, the Atlas Embedding and Reranking API, voyage-code-4, and Vector Search in Atlas Stream Processing. Together, they help developers build AI applications that can retrieve accurate, up-to-date information from operational and streaming data. At MongoDB.local Bengaluru, MongoDB announced plans to upskill two million Indian builders by 2030, expanding the MongoDB for Academia program in India, which has trained more than 650,000 students since 2023. The expansion will help equip the next generation of builders with the cloud, data, and AI skills required to scale India's digital economy. MongoDB was named a Leader in The Forrester Wave™: Multimodel Data Platforms, Q2 2026. Forrester reiterated that MongoDB's robust vision is to be the data platform for the AI era, said that the company's compelling roadmap advances AI-native capabilities, and noted that MongoDB is investing heavily in AI research and strategic acquisitions to ensure its innovations consistently meet the evolving needs of AI. Third Quarter Fiscal 2027 Guidance

Based on information available to management as of today, September 1, 2026, MongoDB is issuing the following financial guidance for the third quarter fiscal 2027.

Revenues are expected to be in the range of:

$756 million to $761 million

GAAP

Non-GAAP

Income (Loss) from Operations are expected to be in the range of:

$(14.5) million to
$(10.5) million

$152.0 million to
$156.0 million

Net Income per Share is expected to be in the range of:

$0.00 to $0.05

$1.57 to $1.61

Full Year Fiscal 2027 Guidance

Based on information available to management as of today, September 1, 2026, MongoDB is issuing the following financial guidance for the full year fiscal 2027.

Revenues are expected to be in the range of:

$2.99 billion to $3.03 billion

GAAP

Non-GAAP

Income (Loss) from Operations are expected to be in the range of:

$(28.0) million to
$(8.0) million

$616.3 million to
$636.3 million

Net Income per Share is expected to be in the range of:

$0.53 to $0.77

$6.39 to $6.58

Conference Call Information

MongoDB will host a conference call today, September 1, 2026, at 5:00 p.m. (Eastern Time) to discuss its financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of MongoDB's website at https://investors.mongodb.com. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, the Company encourages participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at https://investors.mongodb.com.

Forward-Looking Statements

This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning MongoDB's financial guidance for the third fiscal quarter and full year fiscal 2027. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "project," "will," "would" or the negative or plural of these words or similar expressions or variations. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions the Company has made. Although the Company believes that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: our customers renewing their subscriptions with us and expanding their usage of software and related services; global political changes; the effects of the ongoing geopolitical instability resulting from the conflict in Iran, the unrest in Mexico, the conflicts between Russia and Ukraine, Israel and Hamas and recent events in Venezuela on our business and future operating results; economic downturns and/or the effects of rising interest rates, inflation and volatility in the global economy and financial markets on our business and future operating results; our ability to remain profitable and grow in a constantly changing market; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; reputational harm or other adverse consequences resulting from use of artificial intelligence ("AI") and machine learning ("ML") in our product offerings and internal operations if they don't produce the desired benefits; our limited operating history; our history of losses; our potential failure to repurchase shares of our common stock at favorable prices, if at all; failure of our platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements, including AI and ML, for both traditional and emerging use cases; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; our ability to continue to increase revenue from our Atlas platform; the effects of social, ethical, security and regulatory issues relating to the use of new and evolving technologies, such as AI and ML, in our offerings or partnerships; the possibility that the market for AI-related data infrastructure may not develop as we expect or may favor alternative architectures or competitors; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; our ability to integrate acquisitions and work with our strategic partners effectively; and the price volatility of our common stock. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2026, filed with the SEC on May 29, 2026. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2026, and other filings and reports that the Company may file from time to time with the SEC. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

Non-GAAP Financial Measures

This press release includes the following financial measures defined as non-GAAP financial measures by the SEC: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income, non-GAAP net income per share, and free cash flow. Non-GAAP gross profit and non-GAAP gross margin exclude expenses associated with stock-based compensation. Non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income and non-GAAP net income per share, exclude:

expenses associated with stock-based compensation including employer payroll taxes upon the vesting and exercising of stock-based awards and expenses related to stock appreciation rights previously issued to our employees in China; amortization of intangible assets for the acquired technology and acquired customer relationships associated with prior acquisitions; certain acquisition-related costs and other, including due diligence costs, professional fees in connection with an acquisition and certain integration-related expenses. These expenses are unpredictable, and dependent on factors that may be outside of our control and unrelated to the continuing operations of the acquired business or our Company. In addition, the size and complexity of an acquisition, which often drives the magnitude of acquisition-related costs, may not be indicative of such future costs; legal costs and settlement fees incurred in connection with non-ordinary course litigation, particularly ongoing securities litigation, which are not considered indicative of core operating performance; restructuring costs associated with a formal restructuring plan that are primarily related to workforce reductions. The Company excludes these expenses because they are not reflective of ordinary course ongoing business and operating results; and in the case of non-GAAP net income and non-GAAP net income per share, amortization of the debt issuance costs associated with our convertible senior notes and gains or losses on our financial instruments; additionally, non-GAAP net income and non-GAAP net income per share, are adjusted for an assumed provision for income taxes based on an estimated long-term non-GAAP tax rate as well as the tax charges or benefits resulting from the integration of intellectual property from acquisitions. The non-GAAP tax rate was calculated utilizing a three-year financial projection that excludes the direct impact of the GAAP to non-GAAP adjustments and considers other factors such as operating structure and existing tax positions in various jurisdictions. The Company intends to periodically reevaluate the projected long-term tax rate, as necessary, for significant events and our ongoing analysis of relevant tax law changes. MongoDB uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating MongoDB's ongoing operational performance. MongoDB believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in MongoDB's industry, many of which may present similar non-GAAP financial measures to investors.

Free cash flow represents net cash from/used in operating activities, less capital expenditures, principal payments of finance lease liabilities and capitalized software development costs, if any. MongoDB uses free cash flow to understand and evaluate its liquidity and to generate future operating plans. The exclusion of capital expenditures, principal payments of finance lease liabilities and amounts capitalized for software development facilitates comparisons of MongoDB's liquidity on a period-to-period basis and excludes items that it does not consider to be indicative of its liquidity. MongoDB believes that free cash flow is a measure of liquidity that provides useful information to investors in understanding and evaluating the strength of its liquidity and future ability to generate cash that can be used for strategic opportunities or investing in its business in the same manner as MongoDB's management and board of directors.

Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In particular, other companies may report non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP net income, non-GAAP net income per share, free cash flow or similarly titled measures but calculate them differently, which reduces their usefulness as comparative measures. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, as presented below. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of MongoDB's website at https://investors.mongodb.com.

Definitions

Remaining Performance Obligations

Remaining performance obligations represent the aggregate amount of the transaction price in contracts allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligations include unearned revenue, multi-year contracts with future installment payments and certain unfulfilled orders against accepted customer contracts at the end of any given period. The Company applies the practical expedient to omit disclosure with respect to the amount of the transaction price allocated to remaining performance obligations if the related contract has a total duration of 12 months or less.

About MongoDB

Headquartered in New York, MongoDB's mission is to empower innovators to create, transform, and disrupt industries with software and data. MongoDB's unified, intelligent data platform was built to power the next generation of applications, and MongoDB is the most widely available, globally distributed database on the market. With integrated capabilities for operational data, search, real-time analytics, and AI-powered retrieval, MongoDB helps organizations everywhere move faster, innovate more efficiently, and simplify complex architectures. Millions of developers and more than 70,600 customers across almost every industry—including approximately 75% of the Fortune 100—rely on MongoDB for their most important applications. To learn more, visit https://mongodb.com.

Investor Relations

Jess Lubert
[email protected]

Media Relations

MongoDB
[email protected]

MONGODB, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands of U.S. dollars, except share and per share data)

(unaudited)

July 31, 2026

January 31, 2026

Assets

Current assets:

Cash and cash equivalents  

$          1,002,401

$          1,083,540

Short-term investments

1,408,853

1,303,701

Accounts receivable, net of allowance for doubtful accounts

458,221

499,002

Deferred commissions  

130,874

131,442

Prepaid expenses and other current assets  

125,637

97,170

Total current assets  

3,125,986

3,114,855

Property and equipment, net  

38,988

39,773

Operating lease right-of-use assets

24,790

28,978

Goodwill  

204,151

191,397

Intangible assets, net

30,731

34,502

Deferred tax assets  

25,096

26,021

Other assets  

327,946

323,322

Total assets  

$          3,777,688

$          3,758,848

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable  

$              17,689

$              20,269

Accrued compensation and benefits  

146,031

143,046

Operating lease liabilities

9,371

9,259

Other accrued liabilities  

129,812

109,803

Deferred revenue  

339,462

387,119

Total current liabilities  

642,365

669,496

Deferred tax liability

358

352

Operating lease liabilities

19,224

23,600

Deferred revenue

108,233

83,588

Other liabilities

27,527

29,454

Total liabilities  

797,707

806,490

Stockholders' equity:

Common stock

82

81

Additional paid-in capital  

4,846,747

5,345,494

Treasury stock

—

(494,569)

    Accumulated other comprehensive income (loss)

(367)

13,207

Accumulated deficit  

(1,866,481)

(1,911,855)

  Total stockholders' equity

2,979,981

2,952,358

Total liabilities and stockholders' equity

$          3,777,688

$          3,758,848

MONGODB, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands of U.S. dollars, except share and per share data)

(unaudited)

Three Months Ended July 31,

Six Months Ended July 31,

2026

2025

2026

2025

Revenue:

Subscription

$      747,147

$      572,355

$      1,413,285

$      1,103,810

Services  

24,626

19,047

46,104

36,606

Total revenue  

771,773

591,402

1,459,389

1,140,416

Cost of revenue:

Subscription(1)

174,251

139,949

339,158

269,534

Services(1)

27,757

31,479

54,291

59,935

Total cost of revenue  

202,008

171,428

393,449

329,469

Gross profit  

569,765

419,974

1,065,940

810,947

Operating expenses:

Sales and marketing(1)  

253,071

244,065

502,405

464,988

Research and development(1)  

213,874

181,739

414,283

350,568

General and administrative(1)  

74,420

59,464

145,656

114,239

Total operating expenses  

541,365

485,268

1,062,344

929,795

Income (loss) from operations  

28,400

(65,294)

3,596

(118,848)

Other income, net  

17,545

22,174

51,143

42,404

Income (loss) before provision for income taxes  

45,945

(43,120)

54,739

(76,444)

Provision for income taxes  

5,005

3,928

9,365

8,230

Net income (loss)

$       40,940

$      (47,048)

$          45,374

$        (84,674)

Net income (loss) per share

Basic

$          0.51

$         (0.58)

$            0.56

$           (1.04)

Diluted

$          0.50

$         (0.58)

$            0.55

$           (1.04)

Weighted-average shares used to compute net
     income (loss) per share

Basic

80,497,631

81,078,234

80,400,680

81,304,435

Diluted

81,995,492

81,078,234

81,850,579

81,304,435

(1) Includes stock‑based compensation expense as follows:

Three Months Ended July 31,

Six Months Ended July 31,

2026

2025

2026

2025

Cost of revenue—subscription  

$        9,205

$        8,831

$          18,093

$          17,226

Cost of revenue—services  

3,424

4,273

6,216

8,167

Sales and marketing  

35,722

36,265

68,403

75,367

Research and development  

74,506

75,113

145,214

141,518

General and administrative  

26,082

15,918

48,843

30,553

Total stock‑based compensation expense  

$      148,939

$      140,400

$        286,769

$        272,831

MONGODB, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands of U.S. dollars)

(unaudited)

Three Months Ended July 31,

Six Months Ended July 31,

2026

2025

2026

2025

Cash flows from operating activities

Net income (loss)  

$       40,940

$      (47,048)

$      45,374

$    (84,674)

Adjustments to reconcile net income (loss) to net cash
     provided by operating activities:

Depreciation and amortization  

5,940

5,677

11,495

10,986

Stock-based compensation  

148,939

140,400

286,769

272,831

Amortization of finance right-of-use assets

993

993

1,987

1,986

Amortization of operating right-of-use assets

2,600

2,841

5,178

5,599

Deferred income taxes  

(30)

(1,159)

(11)

(1,134)

Amortization of premium and accretion of discount on
     short-term investments, net

(804)

(2,739)

(1,888)

(6,539)

Realized and unrealized loss (gain) on financial instruments, net

(196)

—

(16,616)

272

Unrealized foreign exchange loss

519

(759)

667

1,211

Change in operating assets and liabilities:

Accounts receivable, net

(69,256)

(38,090)

43,695

41,805

Prepaid expenses and other current assets  

(8,006)

317

(21,394)

(4,656)

Deferred commissions  

(2,121)

6,728

10,118

14,500

Other long-term assets  

(10,222)

1,525

(9,097)

(11,068)

Accounts payable  

(23,273)

1,040

(2,777)

(1,438)

Accrued liabilities  

43,093

16,751

20,291

(2,602)

Operating lease liabilities

(2,924)

(2,063)

(5,400)

(4,751)

Deferred revenue  

15,681

(9,906)

(24,183)

(49,530)

Other liabilities, non-current

5

(2,403)

(699)

(764)

Net cash provided by operating activities  

141,878

72,105

343,509

182,034

Cash flows from investing activities

Purchases of property, equipment and other assets

(2,472)

(537)

(4,791)

(2,148)

Investments in non-marketable securities

—

(3,500)

(3,000)

(8,322)

Business combination, net of cash acquired

(9,237)

—

(9,237)

(2,032)

Proceeds from maturities of marketable securities  

362,000

292,310

621,800

490,970

Proceeds from non-marketable securities

—

—

10,718

—

Purchases of marketable securities  

(387,002)

(198,668)

(739,124)

(337,292)

Net cash provided by (used in) investing activities  

(36,711)

89,605

(123,634)

141,176

Cash flows from financing activities

Repurchases of common stock

(99,999)

(194,446)

(200,254)

(194,446)

Proceeds from the issuance of common stock under the
     Employee Stock Purchase Plan

23,948

22,917

23,948

22,917

Proceeds from exercise of stock options

262

1,210

723

1,789

Taxes paid related to net share settlement of equity
     awards

(59,356)

—

(117,673)

—

Principal payments of finance leases

(1,790)

(1,691)

(3,554)

(4,085)

Net cash used in financing activities  

(136,935)

(172,010)

(296,810)

(173,825)

Effect of exchange rate changes on cash, cash equivalents
     and restricted cash  

(2,180)

68

(3,878)

8,068

Net increase (decrease) in cash, cash equivalents and
     restricted cash  

(33,948)

(10,232)

(80,813)

157,453

Cash, cash equivalents and restricted cash, beginning of
     period  

1,039,760

660,438

1,086,625

492,753

Cash, cash equivalents and restricted cash, end of period  

$   1,005,812

$      650,206

$  1,005,812

$    650,206

MONGODB, INC.

RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES

(in thousands of U.S. dollars, except share and per share data)

(unaudited)

Three Months Ended July 31,

Six Months Ended July 31,

2026

2025

2026

2025

Reconciliation of GAAP gross profit to non-GAAP
gross profit:

Gross profit on a GAAP basis

$    569,765

$    419,974

$ 1,065,940

$   810,947

Gross margin (Gross profit/Total revenue) on a GAAP
basis

74 %

71 %

73 %

71 %

Add back:

Expenses associated with stock-based compensation:
Cost of Revenue—Subscription

9,324

8,900

18,471

17,522

Expenses associated with stock-based compensation:
Cost of Revenue—Services

3,605

4,438

7,581

9,024

Restructuring

—

89

—

89

Amortization of intangible assets

3,025

3,025

5,951

5,392

Non-GAAP gross profit

$    585,719

$    436,426

$ 1,097,943

$   842,974

Non-GAAP gross margin (Non-GAAP gross
profit/Total revenue)

76 %

74 %

75 %

74 %

Reconciliation of GAAP operating expenses to non-
GAAP operating expenses:

Sales and marketing operating expense on a GAAP
basis

$    253,071

$    244,065

$   502,405

$   464,988

Less:

Expenses associated with stock-based compensation

37,146

37,689

71,409

77,593

Restructuring

—

4,524

357

4,524

Amortization of intangible assets

185

—

185

—

Non-GAAP sales and marketing operating expense

$    215,740

$    201,852

$   430,454

$   382,871

Research and development operating expense on a
GAAP basis

$    213,874

$    181,739

$   414,283

$   350,568

Less:

Expenses associated with stock-based compensation

76,505

76,290

149,725

144,467

Restructuring

—

159

—

159

Amortization of intangible assets

—

170

113

340

Certain acquisition-related costs and other

—

—

—

40

Non-GAAP research and development operating
expense

$    137,369

$    105,120

$   264,445

$   205,562

General and administrative operating expense on a
GAAP basis

$     74,420

$     59,464

$   145,656

$   114,239

Less:

Expenses associated with stock-based compensation

26,831

16,826

50,501

32,056

Legal fees related to securities litigation

581

—

581

—

Certain acquisition-related costs and other

276

—

579

1,890

Non-GAAP general and administrative operating expense

$     46,732

$     42,638

$    93,995

$    80,293

Reconciliation of GAAP income (loss) from operations to non-
GAAP income from operations:

Income (loss) from operations on a GAAP basis

$     28,400

$    (65,294)

$     3,596

$ (118,848)

GAAP operating margin (Income (loss) from operations/Total 
revenue)

4 %

(11) %

— %

(10) %

Add back:

Expenses associated with stock-based compensation

153,411

144,143

297,687

280,662

Restructuring

—

4,772

357

4,772

Amortization of intangible assets

3,210

3,195

6,249

5,732

Legal fees related to securities litigation

581

—

581

—

Certain acquisition-related costs and other

276

—

579

1,930

Non-GAAP income from operations

$    185,878

$     86,816

$   309,049

$   174,248

Non-GAAP operating margin (Non-GAAP income
from operations/Total revenue)

24 %

15 %

21 %

15 %

Reconciliation of GAAP net income (loss) to non-
GAAP net income:

Net income (loss) on a GAAP basis

$     40,940

$    (47,048)

$    45,374

$   (84,674)

Add back:

Expenses associated with stock-based compensation

153,411

144,143

297,687

280,662

Restructuring

—

4,772

357

4,772

Amortization of intangible assets

3,210

3,195

6,249

5,732

Legal fees related to securities litigation

581

—

581

—

Certain acquisition-related costs and other

276

—

579

1,930

Less:

Gains (loss) on financial instruments, net

196

—

16,616

(272)

Income tax effects and adjustments *

35,640

17,870

59,350

35,155

Non-GAAP net income

$    162,582

$     87,192

$   274,861

$   173,539

Reconciliation of GAAP net income (loss) per share, diluted,
to non-GAAP net income per share, fully diluted:

Net income (loss) per share, diluted, on a GAAP basis

$        0.50

$       (0.58)

$       0.55

$      (1.04)

Add back:

Expenses associated with stock-based compensation

1.91

1.78

3.70

3.45

Restructuring

—

0.06

—

0.06

Amortization of intangible assets

0.04

0.04

0.08

0.07

Legal fees related to securities litigation

0.01

—

0.01

—

Certain acquisition-related costs and other

0.01

—

0.01

0.02

Less:

Gains (loss) on financial instruments, net

—

—

0.21

—

Income tax effects and adjustments *

0.44

0.22

0.74

0.43

Non-GAAP net income per share, diluted

$        2.03

$        1.08

$       3.40

$       2.13

Adjustment for fully diluted earnings per share

(0.13)

(0.08)

(0.19)

(0.13)

Non-GAAP net income per share, fully diluted **

$        1.90

$        1.00

$       3.21

$       2.00

* Non-GAAP financial information is adjusted for an assumed provision for income taxes based on our long-term projected tax rate of 20%. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities.

** Fully diluted non-GAAP net income per share is calculated based upon 85.8 million and 85.6 million of fully diluted weighted-average shares of outstanding common stock for the three and six months ended July 31, 2026, respectively, and 87.1 million and 87.0 million of fully diluted weighted-average shares of outstanding common stock for the three and six months ended July 31, 2025, respectively.

The following table presents a reconciliation of free cash flow to net cash provided by operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands):

Three Months Ended July 31,

Six Months Ended July 31,

2026

2025

2026

2025

Net cash provided by operating activities  

$    141,878

$     72,105

$    343,509

$    182,034

Capital expenditures  

(2,472)

(537)

(4,791)

(2,148)

Principal payments of finance leases

(1,790)

(1,691)

(3,554)

(4,085)

Free cash flow  

$    137,616

$     69,877

$    335,164

$    175,801

 MONGODB, INC.

 RECONCILIATION OF GAAP GUIDANCE TO NON-GAAP GUIDANCE

 THIRD QUARTER & FULL YEAR FISCAL 2027

 (in millions of U.S. dollars, except share and per share data)

 (unaudited) 

Third Quarter

Fiscal 2027

Full Year

Fiscal 2027

Income (loss) from operations - GAAP guidance

$(14.5) to $(10.5)

$(28.0) to $(8.0)

Add back:

Expenses associated with stock-based compensation

162.7

628.9

Restructuring

—

0.4

Amortization of intangible assets

3.2

12.6

Legal fees related to securities litigation

0.5

1.6

Certain acquisition-related costs and other

0.1

0.8

Income (loss) from operations - non-GAAP guidance

$152.0 to $156.0

$616.3 to $636.3

Third Quarter

Fiscal 2027

Full Year

Fiscal 2027

Net income per share - GAAP guidance

$0.00 to $0.05

$0.53 to $0.77

Add back:

Expenses associated with stock-based compensation

1.95

7.60

Restructuring

—

0.01

Amortization of intangible assets

0.04

0.16

Legal fees related to securities litigation

0.01

0.02

Certain acquisition-related costs and other

—

0.01

Less:

Gains (loss) on financial instruments, net

—

0.21

Income tax effects and adjustments*

0.36 to 0.37

1.45 to 1.50

Adjustment for fully diluted earnings per share

(0.07)

(0.28)

Net income per share - non-GAAP guidance

$1.57 to $1.61

$6.39 to $6.58

* Non-GAAP financial information is adjusted for an assumed provision for income taxes based on our long-term projected tax rate of 20%. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities.

MONGODB, INC.

CUSTOMER COUNT METRICS

(unaudited)

The following table presents certain customer count information as of the periods indicated:

7/31/2024

10/31/2024

1/31/2025

4/30/2025

7/31/2025

10/31/2025

1/31/2026

4/30/2026

7/31/2026

Total Customers(a)

50,700+

52,600+

54,500+

57,100+

59,900+

62,500+

65,200+

67,700+

70,600+

MongoDB Atlas Customers

49,200+

51,100+

53,100+

55,800+

58,500+

61,200+

63,900+

66,400+

69,300+

Customers over $100K(b)

2,189

2,314

2,396

2,506

2,564

2,694

2,799

2,895

2,999

(a) Our definition of "customer" excludes users of our free offerings and all affiliated entities are counted as a single customer.

(b) Represents the number of customers with $100,000 or greater in annualized recurring revenue ("ARR"). ARR includes the revenue we expect to receive from our customers over the following 12 months based on contractual commitments and, in the case of Direct Sales Customers of Atlas, by annualizing the prior 90 days of their actual consumption of Atlas, assuming no increases or reductions in their subscriptions or usage. For all other customers of our self-serve products, we calculate ARR by annualizing the prior 30 days of their actual consumption of such products, assuming no increases or reductions in usage. ARR excludes professional services.

MONGODB, INC.

SUPPLEMENTAL REVENUE INFORMATION

(unaudited)

The following table presents certain supplemental revenue information as of the periods indicated:

7/31/2024

10/31/2024

1/31/2025

4/30/2025

7/31/2025

10/31/2025

1/31/2026

4/30/2026

7/31/2026

MongoDB Enterprise
Advanced: % of
Subscription Revenue

24 %

25 %

23 %

22 %

21 %

20 %

21 %

21 %

21 %

The following table presents the Company's revenues disaggregated by geography, based on address of the Company's customers (in thousands):

Three Months Ended July 31,

Six Months Ended July 31,

Primary geographical markets:

2026

2025

2026

2025

Americas  

$      478,261

$      364,245

$      890,598

$      697,111

EMEA

$      210,298

$      160,960

404,976

311,726

Asia Pacific  

83,214

66,197

163,815

131,579

Total  

$      771,773

$      591,402

$   1,459,389

$   1,140,416

The following table presents the Company's revenues disaggregated by subscription product categories and services (in thousands):

Three Months Ended July 31,

Six Months Ended July 31,

Subscription product categories and services:

2026

2025

2026

2025

Atlas-related

$      565,916

$      438,970

$   1,078,382

$      834,863

MongoDB Enterprise Advanced and other

181,231

133,385

334,903

268,947

Services

24,626

19,047

46,104

36,606

Total  

$      771,773

$      591,402

$   1,459,389

$   1,140,416

SOURCE MongoDB, Inc.

MongoDB Inc (NASDAQ:MDB) heads into its second-quarter earnings report Tuesday with investors watching for signs that red-hot demand from AI-native customers is starting to show up in the numbers.

The compay’s cloud-hosted Atlas segment is on track for a fifth straight quarter of 29-30% growth, analysts at UBS noted.

UBS said MongoDB guided to 26% Atlas growth for the quarter, implying $41 million in sequential dollar adds compared with $43 million a year earlier, a guide the firm called conservative.

Based on beats of roughly 1.5 and 2.5 percentage points in the prior two quarters, UBS said many investors expect a similar beat, landing Atlas growth in the 29-30% range. The firm is modeling total revenue growth of 28%, a 3-point beat, with non-Atlas revenue guided to 20% growth on the timing of multi-year deal renewals.

Looking ahead to the following quarter, UBS said Atlas would need $40-45 million in sequential dollar adds to sustain a sixth straight quarter of 29-30% growth, up from $31 million a year earlier. The firm expects MongoDB to guide conservatively at around 25% before a typical beat lands growth back near 29%. UBS models full-year revenue growth of 24%, above MongoDB's own 20% guidance and ahead of what it sees as consensus expectations near 22%.

MongoDB raised its full-year operating income guidance by $26 million, above its first-quarter beat, implying an operating margin of 20%, up 150 basis points year over year. UBS said further margin upside looks less likely this year as the company continues investing in AI product capabilities, go-to-market headcount, and expansion in Japan and the US federal vertical.

UBS also pointed to MongoDB's growing ties with AI-native companies, including references to Anthropic and signals suggesting OpenAI as a customer, alongside smaller AI-native names such as Factory, Fireworks, ElevenLabs and Mercor. Still, the firm said it remains unclear how large these relationships are, noting customer checks showed stable spending growth but no clear evidence yet of material AI-driven demand for MongoDB specifically.

MongoDB, Inc. (NASDAQ:MDB) will release its second earnings report after the closing bell on Tuesday, Sept. 1.

Analysts expect the New York-based company to report quarterly earnings of $1.61 per share, up from $1.00 per share in the year-ago period. The consensus estimate for MongoDB’s quarterly revenue is $734.4 million. It reported $591.4 million last year, according to Benzinga Pro.

On May 28, MongoDB reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.

MongoDB shares gained 1.4% to close at $446.62 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

DA Davidson analyst Rudy Kessinger maintained a Buy rating and raised the price target from $375 to $465 on Aug. 26, 2026. This analyst has an accuracy rate of 75%. Barclays analyst Raimo Lenschow maintained an Overweight rating and boosted the price target from $387 to $460 on Aug. 26, 2026. This analyst has an accuracy rate of 71%. Wells Fargo analyst Ryan Macwilliams maintained an Overweight rating and raised the price target from $375 to $475 on Aug. 25, 2026. This analyst has an accuracy rate of 67%. Baird analyst William Power maintained a Neutral rating and boosted the price target from $335 to $400 on Aug. 25, 2026. This analyst has an accuracy rate of 84%. UBS analyst Karl Keirstead maintained a Neutral rating and increased the price target from $350 to $460 on Aug. 24, 2026. This analyst has an accuracy rate of 75%. Trending

Considering buying MDB stock? Here’s what analysts think:

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Piper Sandler raised the price target for Intuit Inc (NASDAQ:INTU) from $250 to $290. Piper Sandler analyst Billy Fitzsimmons maintained an Underweight rating. Intuit shares closed at $357.46 on Tuesday. See how other analysts view this stock.Ascendiant Capital raised Quantum Computing Inc (NASDAQ:QUBT) price target from $30 to $32. Ascendiant Capital analyst Edward Woo maintained a Buy rating. Quantum Computing shares closed at $8.46 on Tuesday. See how other analysts view this stock.BTIG cut price target for DICK’S Sporting Goods Inc (NYSE:DKS) from $300 to $180. BTIG analyst Robert Drbul maintained a Buy rating. Dick’s Sporting shares closed at $124.31 on Tuesday. See how other analysts view this stock.HC Wainwright & Co. raised the price target for Zymeworks Inc (NASDAQ:ZYME) from $51 to $55. HC Wainwright & Co. analyst Robert Burns maintained a Buy rating. Zymeworks shares closed at $27.47 on Tuesday. See how other analysts view this stock.Needham increased Jazz Pharmaceuticals PLC (NASDAQ:JAZZ) price target from $292 to $310. Needham analyst Ami Fadia maintained a Buy rating. Jazz Pharmaceuticals shares closed at $260.23 on Tuesday. See how other analysts view this stock.Bernstein cut Strategy Inc (NASDAQ:MSTR) price target from $450 to $350. Bernstein analyst Gautam Chhugani maintained an Outperform rating. Strategy shares closed at $126.83 on Tuesday. See how other analysts view this stock.Barclays raised Mongodb Inc (NASDAQ:MDB) price target from $387 to $460. Barclays analyst Raimo Lenschow maintained an Overweight rating. Mongodb shares closed at $404.92 on Tuesday. See how other analysts view this stock.UBS increased the price target for Semtech Corp (NASDAQ:SMTC) from $225 to $230. UBS analyst Timothy Arcuri maintained a Buy rating. Semtech shares closed at $127.52 on Tuesday. See how other analysts view this stock.Rosenblatt raised Rubrik Inc (NYSE:RBRK) price target from $95 to $105. Rosenblatt analyst Blair Abernethy maintained a Buy rating. Rubrik shares closed at $92.65 on Tuesday. See how other analysts view this stock.Barclays slashed Xpeng Inc – ADR (NYSE:XPEV) price target from $15 to $14. Barclays analyst Jiong Shao maintained an Underweight rating. Xpeng shares closed at $11.60 on Tuesday. See how other analysts view this stock.Considering buying MDB stock? Here’s what analysts think:

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In its upcoming report, MongoDB (MDB - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.60 per share, reflecting an increase of 60% compared to the same period last year. Revenues are forecasted to be $733.61 million, representing a year-over-year increase of 24%.

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

In light of this perspective, let's dive into the average estimates of certain MongoDB metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts' assessment points toward 'Revenue- Subscription' reaching $710.67 million. The estimate suggests a change of +24.2% year over year.

The consensus among analysts is that 'Revenue- Services' will reach $21.90 million. The estimate indicates a year-over-year change of +15%.

The average prediction of analysts places 'Revenue- Subscription - Atlas-related' at $552.44 million. The estimate suggests a change of +25.9% year over year.

Analysts expect 'Revenue- Subscription - MongoDB Enterprise Advanced and other' to come in at $159.26 million. The estimate points to a change of +19.4% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'MongoDB Atlas customers' of 68,939 . Compared to the present estimate, the company reported 58,300 in the same quarter last year.

View all Key Company Metrics for MongoDB here>>>

Over the past month, MongoDB shares have recorded returns of +26.5% versus the Zacks S&P 500 composite's +3.7% change. Based on its Zacks Rank #3 (Hold), MDB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Data is the foundation on which artificial intelligence is built.

After years of struggling to gain traction, with numerous false starts and subsequent corrections, MongoDB NASDAQ: MDB has finally turned the tide. The stock price drifted lower in late spring, touched its long-term 150-week exponential moving average, and has been surging ever since. The takeaway: long-term buy-and-hold investors, short-term traders, and speculators are gobbling up shares.

MongoDB Today

$403.55 -27.28 (-6.33%)

As of 12:45 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$212.31▼

$473.10$439.72

Analysts' activity reflects a bullish market posture, with an aggressive series of forecast revisions since the late-May release. These revisions strengthen the consensus and are leading this market to fresh highs.

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Investors can assume high conviction in the outlook, with 24 of the 36 analysts tracked issuing revisions or initiating coverage since May 29, an 80% Buy-side bias in the data, and an uptrend in price targets. Consensus assumes fair value near the top of the long-term range, but the trend is clear: consensus is up more than 15% over the period, with a high-end price target of $560.

MongoDB Atlas Changed the Narrative: MDB Is AI-Critical for InferenceMongoDB’s Atlas platform is a game-changing event for the company's cloud-native business. It transformed the business from a simple database provider into an automated, unified, cross-cloud data platform. Its tools help automate developer workflows, enabling them to do their primary job, write code, instead of all the back-end management that wastes so much time.

Other advantages include native AI and vector searches, native multicloud functionality, and autoscaling, which preclude the need for multiple vendors and patchwork solutions. MDB enables businesses and enterprises to securely share sensitive, real-time information with agents and models for better contextualization and inference outcomes, and it is now entrenched in the AI ecosystem.

MongoDB is native across hyperscale environments and has deepening relationships with several major hyperscalers. They are, in effect, part of the sales team, pushing MDB services because they drive use of the underlying cloud platforms.

Price Action Points to Fresh Highs by Year’s EndMongoDB’s recent price spike is significant because it sets the stage for a bigger gain. The push above $470 set a long-term high, and the stock now shows signs of consolidation, likely to be confirmed following the company's fiscal Q2 release in early September.

Analysts are forecasting another strong quarter and are likely to be surprised to the upside, given the Q1 results. Not only did top-line growth accelerate versus the prior year and outperform consensus, but guidance also increased, and the remaining performance obligation (RPO) suggests caution in the outlook. RPO increased by 88%, more than 3x the Q1 revenue growth and the same as the forecast for fiscal Q2.

In this scenario, a significant catalyst is in the works that could drive the market to a new high and keep analysts bullish. Technically, the price action suggests $130 of upside upon a break of the consolidation range, with as much as $180 at the high end. This would put MDB stock in the $600 to $650 range.

MongoDB’s Price Rally Has LegsInstitutional activity is another signal that this move has legs. The group owns nearly 90% of the stock and has been aggressively accumulating. More importantly, the data show accumulation accelerating in early Q3 2026 ahead of the report, aligning with the cue from analysts.

This group is driving price action, limiting downside risk in August. The likely outcome is that they continue to limit risk in the coming quarters, potentially accelerating the rally if results are as strong as trends suggest.

MongoDB’s biggest risk this year is its valuation. Trading near long-term highs, the stock is about 70x its current-year outlook and 40x the five-year forecast, pricing in significant growth. This opens the door to execution risk, quarterly weakness, or a slowdown in growth that could impair price action. Delays, missteps, or disruptions will show up in the stock price action, most likely as a deep correction.

Competition is also a risk, but MongoDB's differentiated services and impact on hyperscaler business mitigate it; hyperscalers may prefer to sell their own databases, but are just as happy to give clients access to MongoDB when it drives business for their clouds.

MongoDB’s balance sheet raises no red flags. The company has a solid cash position, ample liquidity, no long-term corporate debt, and improving cash flow. The likely outcome is that the company can continue to execute its strategy, convert backlog into revenue, and build on its momentum.

As it stands, major catalysts in 2027 and 2028 are linked to the data center buildout. Most major data centers tied to the AI boom are slated for completion by then, at which point MDB will start generating revenue from that activity.

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MongoDB (MDB - Free Report) ended the recent trading session at $420.37, demonstrating a -4.58% change from the preceding day's closing price. This change lagged the S&P 500's 0.87% loss on the day. Meanwhile, the Dow lost 1.32%, and the Nasdaq, a tech-heavy index, lost 1%.

Shares of the database platform witnessed a gain of 44.45% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.23%, and the S&P 500's gain of 3.48%.

Investors will be eagerly watching for the performance of MongoDB in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on September 1, 2026. The company is forecasted to report an EPS of $1.6, showcasing a 60% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $733.61 million, indicating a 24.05% increase compared to the same quarter of the previous year.

MDB's full-year Zacks Consensus Estimates are calling for earnings of $6.07 per share and revenue of $2.95 billion. These results would represent year-over-year changes of +22.13% and +19.58%, respectively.

Any recent changes to analyst estimates for MongoDB should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 42.31% lower. MongoDB presently features a Zacks Rank of #3 (Hold).

With respect to valuation, MongoDB is currently being traded at a Forward P/E ratio of 72.64. This valuation marks a premium compared to its industry average Forward P/E of 21.31.

Also, we should mention that MDB has a PEG ratio of 5.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software was holding an average PEG ratio of 1 at yesterday's closing price.

The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow MDB in the coming trading sessions, be sure to utilize Zacks.com.

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, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of MongoDB, Inc. (NASDAQ: MDB) breached their fiduciary duties to shareholders.

If you currently own MongoDB stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

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Addison, TX, Aug. 13, 2026 (GLOBE NEWSWIRE) -- MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB”), a public venture platform focused on launching category-defining, disruptive technology companies, provides a business update for the quarter ended June 30, 2026, and subsequent developments. First Six Months of 2026 and Subsequent Operational Highlights Completed $20 million IPO for Buda Juice (NYSE American: BUDA) as the sole bookrunner and underwriter, our 18th consecutive successful IPO.