New York, March 3, 2026, 04:57 EST — Premarket
- MongoDB shares slid roughly 27% in premarket trading, with the company’s outlook coming in below expectations.
- The database software company is projecting first-quarter revenue between $659 million and $664 million, with adjusted EPS expected to land in the $1.15 to $1.19 range.
- Atlas’s cloud numbers, a shuffle atop the sales team, and a new round of analyst downgrades are all on traders’ minds.
MongoDB (MDB) plunged 27.4% to $235.87 early Tuesday in U.S. premarket action, following a sharp 25.1% drop to $243.50 after hours. The stock had previously settled at $325.01. The next earnings report is set for May 28, per Investing.com. Investing.com
This matters: MongoDB is a closely watched bellwether for pricey cloud software, a segment prone to outsized swings on the slightest growth shifts. Lately, investors want sharper insight into usage-based revenue. The AI hype is loud, but purse strings remain tight.
CFO Mike Berry told the earnings call that Atlas, MongoDB’s cloud product with usage-based pricing, is pacing for roughly 26% revenue growth in Q1. For the full fiscal year, he’s guiding to 21% to 23%. The company’s still confident in Atlas, Berry said, but called out “more limited” visibility for the second half, chalking it up to the consumption-driven model. Investing.com
MongoDB reported a 27% jump in revenue to $695.1 million for its fiscal fourth quarter ended Jan. 31. Adjusted (non-GAAP) profit came in at $1.65 per share, which strips out stock-based comp and a handful of other items. Looking ahead, the company is guiding for first-quarter revenue of $659 million to $664 million with adjusted earnings per share between $1.15 and $1.19. For fiscal 2027, the outlook calls for $2.86 billion to $2.90 billion in revenue and adjusted earnings ranging from $5.75 to $5.93 a share. CEO CJ Desai pointed to customers rolling out “additional elements of the MongoDB platform,” as MongoDB pitched fresh AI tools, highlighted a broader partnership with Voyage AI, and detailed a leadership shake-up—naming a new chief customer officer and announcing that several senior sales leaders will exit. SEC
Attention snapped to the first-quarter outlook. According to Barron’s, which referenced FactSet, analysts were expecting roughly $662 million in revenue and adjusted earnings of $1.20 per share. Shares slid over 20% once that forecast hit. Barron’s
MongoDB disclosed in a separate SEC filing that Cedric Pech gave notice on Feb. 27 of his decision to step down as president of field operations, with his resignation set for April 15. He’ll remain in the role until then under a separation agreement. The same filing named Kong Phan, formerly chief accounting officer at Confluent, as MongoDB’s incoming chief accounting officer, taking over on April 14. The board also approved amended bylaws introducing “proxy access,” which opens the door for certain long-term shareholders to nominate a limited slate of directors. SEC
Baird’s William Power cut MongoDB to neutral from outperform and slashed his target to $260, way down from $500, citing Atlas growth worries and a tricky go-to-market shift. Baird isn’t sure when AI-powered workloads will translate into real revenue, even as management keeps marketing MongoDB as a key platform for that space. StreetInsider.com
MongoDB is up against giants—Amazon Web Services, Microsoft, Google, Oracle—in cloud databases, not to mention niche players. With that kind of crowded field, Atlas can’t afford even a hint of decelerating usage; customers won’t hesitate to explore alternatives, especially as switching costs aren’t consistent across workloads. Gartner
Still, it’s hardly a straightforward picture. Should Atlas consumption hold up and those big enterprise contracts keep coming, shares could find their footing fast—even if a sudden dip rocks the stock in light after-hours action.
All eyes on the bell: traders will see if the shares stabilize once regular trading kicks off at 9:30 a.m. EST. After that, attention shifts to signs of movement on appointing a new chief revenue officer and how the company handles Pech’s scheduled April 15 departure—a short-term barometer for execution.
