MongoDB Inc (MDB) delivered a strong first-quarter performance for fiscal 2026, exceeding analyst expectations on both revenue and earnings, fueling a significant stock surge. The company’s robust results, coupled with raised full-year guidance, signal confidence in its continued growth trajectory and strategic direction. Reporting after the market close on Wednesday, MongoDB’s Q1 earnings showcased impressive gains across key metrics. Revenue reached $549.01 million, surpassing the anticipated $528.22 million, according to Benzinga Pro. This substantial increase reflects the ongoing demand for MongoDB’s innovative database platform and its expanding market presence. Furthermore, adjusted earnings per share (EPS) stood at $1.00, exceeding the estimated $0.66 per share. This outperformance highlights the company’s operational efficiency and ability to translate revenue growth into profitability. Notably, total revenue experienced a remarkable 22% year-over-year increase, driven primarily by a 22% surge in subscription revenue and a robust 28% growth in services revenue. These figures underscore the versatility of MongoDB’s offerings and the increasing adoption of its platform across diverse industries. The company’s customer acquisition efforts also yielded positive results, with the addition of 2,600 new customers, bringing the total customer base to 57,100. This impressive customer growth demonstrates MongoDB’s ability to attract and retain clients, further solidifying its position as a leading database provider. MongoDB generated a healthy free cash flow of $105.9 million during the quarter, reflecting its disciplined financial management and ability to generate cash from operations. The company concluded the quarter with a substantial cash reserve of $2.5 billion, encompassing cash, cash equivalents, restricted cash, and short-term investments, providing financial flexibility for strategic investments and potential acquisitions.

MongoDB is off to a strong start in fiscal 2026 with 26% Atlas revenue growth, meaningful margin outperformance, and the highest total net customer additions in six years,” stated Dev Ittycheria, president and CEO of MongoDB. “Looking ahead, we see an incredible opportunity for customers to take advantage of MongoDB’s modern architecture, which delivers real and measurable advantages for the types of applications being built today — cloud-native, distributed, real-time — and the AI-powered applications of tomorrow.” To further reward shareholders, MongoDB approved an additional $800 million for its share repurchase program, increasing the total buyback authorization to $1 billion. This demonstrates the company’s confidence in its valuation and commitment to returning capital to shareholders.

Guidance for the second quarter was also raised, with revenue expected to be in the range of $548 million to $553 million, compared to previous estimates of $549.76 million, and adjusted earnings per share projected between 62 cents and 66 cents per share, exceeding prior forecasts of 59 cents per share. Looking ahead, MongoDB anticipates full-year revenue of $2.25 billion to $2.29 billion, up from prior guidance of $2.24 billion to $2.28 billion, and full-year adjusted earnings to be between $2.94 and $3.12 per share, up from a previous forecast of $2.44 to $2.62 per share. These revised projections reflect the company’s optimism regarding continued growth and market opportunities.

According to Benzinga Pro, analysts are forecasting full-year revenue of $2.28 billion and full-year earnings of $2.60 per share. MongoDB’s management team will host a conference call with investors and analysts at 5 p.m. ET. MDB Price Action: MongoDB shares were up 12.44% in after-hours, trading at $224.56 at the time of publication on Wednesday, according to Benzinga Pro. Read Next: AI Arms Race: Could ETFs Catch The Next DeepSeek Wave Before It Goes Mainstream Photo: Shutterstock. Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock – anytime. © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.