MongoDB Gains as Atlas Growth Tops Estimates, Guidance Raised
MongoDB reported fiscal Q1 revenue of $687.6 million, up 25% from a year ago, and turned a profit of $4.4 million. Shares surged 21.9% after hours to about $397 as the company raised its full-year outlook, citing strong demand for its Atlas cloud product. Atlas revenue rose over 29%. MongoDB now expects fiscal 2027 revenue of $2.92–$2.96 billion, above its previous forecast.