MongoDB Stock Surges 11% After Beating Q3 Earnings and Revenue Estimates

MongoDB, Inc. (MDB) saw a significant surge in its stock price after the company reported impressive results for the third quarter of its Fiscal Year 2025. The earnings per share came in at $1.16, far exceeding analysts’ consensus estimate of $0.68 per share. This strong performance led to an 11% increase in the company’s stock in after-hours trading.

The company’s revenue also outperformed expectations, reaching $529.4 million, a 22% year-over-year increase. This figure surpassed the analysts’ forecast of $497.72 million. The growth was driven by a robust performance from MongoDB’s Enterprise Advanced segment and a 26% increase in revenue from its Atlas platform, which now accounts for 68% of the total Q3 revenue.

MongoDB’s President and Chief Executive Officer, Dev Ittycheria, highlighted the company’s success in winning new business, attributing it to the strength of its developer data platform in handling diverse and mission-critical use cases. The company continues to invest in legacy app modernization and AI offerings, positioning itself well for future growth in the emerging AI tech stack.

For the fourth quarter of Fiscal 2025, MongoDB provided guidance that also pleased investors. The company expects revenue to be in the range of $515 million to $519 million and adjusted earnings per share to be between $0.62 and $0.65. These projections are higher than the analysts’ expectations of $506.1 million in revenue and an adjusted EPS of $0.56.

Despite the stock’s year-to-date decline of 16%, analysts maintain a Strong Buy consensus rating on MDB stock, with an average price target of $372.78 per share, indicating a potential upside of 6.24% from current levels.