MongoDB reported strong quarterly results with revenue up 30.5% year-over-year and raised its full-year revenue guidance. Despite beating earnings estimates and showing growth in its Atlas and Enterprise Advanced segments, the stock fell 13.6% in one session. The decline was driven by investor concerns over a large gap between GAAP and non-GAAP earnings, primarily due to $153 million in stock-based compensation added back in non-GAAP figures. CEO CJ Desai highlighted MongoDB's role in the AI era, but investors remain cautious until accounting issues are addressed, with an upcoming Investor Day on September 29 seen as a potential turning point.
Several tech stocks including Pasqal, Credo, Palo Alto Networks (PANW), FuelCell Energy (FCEL), and MongoDB (MDB) saw significant declines on September 2, 2026. Pasqal dropped over 21% despite positive quantum computing progress, likely due to profit...
MongoDB reported strong Q2 fiscal 2027 results with revenue of $771.8 million, up 30% year-over-year, surpassing analyst estimates. Subscription revenue grew 31%, and the company returned to GAAP profitability with net income of $40.9 million. MongoD...
Dell Technologies reported a strong Q2 with revenue up 58% to $46.97B and raised its full-year revenue guidance by $25 billion, driven by AI-optimized server sales. MongoDB posted double-digit growth and raised its FY27 profit and revenue outlook des...
MongoDB reported strong Q3 results with earnings per share of $1.90, beating analyst estimates of $1.62 by 18%. The company's revenue rose 30% year-over-year to $771.77 million, surpassing forecasts and marking the highest revenue growth in years. Su...
MongoDB announced a 30% year-over-year revenue increase to $771.8 million in Q2 fiscal 2027, driven by strong growth in its Atlas cloud platform and AI-related use cases. The company reported improved profitability with a non-GAAP operating margin of...
