NEW YORK, May 28, 2026, 17:02 (EDT)
- MongoDB said fiscal Q1 revenue rose 25% to $687.6 million from the prior year.
- The stock climbed in after-hours trade as the company lifted its full-year fiscal 2027 guidance.
- Atlas, the managed cloud database from MongoDB, posted growth above 29%. Investors are watching AI and cloud demand.
MongoDB Inc. stock jumped in late trading Thursday. The database company topped fiscal Q1 forecasts and lifted its outlook for the year, citing better demand for its Atlas cloud product. Shares were at about $397 after hours, up 21.9%. MongoDB closed the regular session at $325.68, up 10.6%, according to Webull.
Investors are watching these results as software names face calls to prove AI talk is translating to paying cloud customers. MongoDB said Atlas revenue jumped over 29% for the quarter, and raised its outlook for fiscal 2027, citing Atlas as the main reason.
The move looks different from March, when MongoDB dropped 27% after a weak profit forecast and questions around Atlas growth. Thursday’s beat was clearer after that slide—cloud demand needed to hold up.
MongoDB reported revenue of $687.6 million for the quarter ended April 30, up from $549.0 million a year ago. Subscription revenue jumped 25% to $666.1 million, and services revenue was up 22% to $21.5 million. The company turned a profit, posting net income of $4.4 million, or 5 cents a share, after a net loss of $37.6 million in the same period last year.
Adjusted earnings came in at $1.32 a share, which leaves out certain expenses. The FactSet analyst consensus was $1.19 a share on $665 million in revenue, according to Investor’s Business Daily.
MongoDB guided for revenue of $729 million to $734 million for the quarter and adjusted earnings between $1.58 and $1.61 a share. The revenue midpoint at $731.5 million beats the Street’s $701 million estimate, and the earnings range also came in higher than the $1.29 per share analysts tracked by FactSet wanted, IBD said.
MongoDB CEO CJ Desai said the company posted “better-than-expected first quarter results,” pointing to enterprise demand and new AI projects. He said MongoDB will lift its fiscal 2027 guidance “based on the momentum.” MongoDB, Inc.
MongoDB lifted its full-year fiscal 2027 outlook, now guiding for revenue between $2.92 billion and $2.96 billion and adjusted earnings in a range of $5.95 to $6.14 a share. Back in March, the company targeted revenue of $2.86 billion to $2.90 billion and adjusted EPS of $5.75 to $5.93.
Balance-sheet figures looked better. Free cash flow was $197.5 million, up from $105.9 million in the same period last year. Remaining performance obligations came in at $1.46 billion, up 88%.
Wall Street analysts were more upbeat going into the report. Canaccord Genuity bumped its target on MongoDB to $400 from $375, maintaining a buy rating. Cantor Fitzgerald also lifted its target to $416, and Rosenblatt left its $385 price target unchanged, MarketBeat and Benzinga data showed.
Consumption-focused software stocks have picked up. IBD said MongoDB’s gains came on the heels of good numbers from Snowflake and Datadog. Investors have been watching those two for clues that cloud and AI spending is holding up.
Atlas usage may take a hit if customers pull back on cloud spending or hold off on new workloads. MongoDB’s statement said outcomes remain tied to subscription renewals, customer growth, competition, macro factors and the payoff from AI product bets.
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