MDB Stock Recent News

MongoDB Inc (NASDAQ:MDB) shares surged more than 32% as the document database reported strong second quarter earnings and raised its full year revenue and profit guidance, driven by demand for its Atlas cloud database service. For Q2, revenue grew 24% from the year-ago quarter to $591.4 million, ahead of estimates of $580.1 million.

The critical takeaway is that this company is accelerating its business, driven by the implementation of AI and its utility to technology developers across sectors, industries, and verticals.

Shares of MongoDB surged about 31% on Wednesday after the database software firm said its Atlas cloud service was seeing increasing usage as more customers build AI applications on the platform.

MongoDB beat on the top and bottom lines and gave an upbeat forecast. The company said it added more than 5,000 customers year to date, "the highest ever in the first half of the year.

MongoDB delivered a strong Q2 FY26, beating revenue and margin expectations, driven by accelerated Atlas growth and robust enterprise customer gains. Management raised full-year guidance, now expecting 16.9% revenue growth and a 14% non-GAAP operating margin, reflecting confidence in business building AI applications at scale. MongoDB's architectural advantage positions it as a key player in the AI infrastructure stack, but ongoing success depends on the speed of enterprise AI adoption.

Dev Ittycheria, MongoDB CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, who the company is taking share from, impact of AI, and more.

Nvidia earnings and Fed uncertainty hold S&P 500 flat premarket. Tech stocks like MongoDB and Okta rally on strong results, fueling AI-driven optimism.

MongoDB's latest earnings suggest the risk of losing database market share in the artificial-intelligence era might be overblown.

Wolfe Research raised the firm's price target on MongoDB to $350 from $280 and keeps an Outperform rating on the shares. The firm increased estimates following the company's fiscal Q2 beat and gidoasnce raise. The earnings print provides validation that MongoDB is at the intersection of enterprise data modernization and emerging artificial intelligence deployment, the analyst tells investors in a research note.

Oppenheimer analyst Ittai Kidron raised the firm's price target on MongoDB to $325 from $275 and keeps an Outperform rating on the shares. The firm notes MongoDB delivered impressive Q2 results, soundly beating consensus estimates and raising FY26 guidance on broadbased consumption. Positively, Atlas revenue continued to accelerate, new customer additions remained high, and management's up-market sales/go-to-market efforts are delivering strong gains with larger enterprise customers. While MongoDB faces a fast-moving competitive landscape and difficult Q3 ear-over-year comparable sales for its non-Atlas business, Oppenheimer believes the Q2 results and steady execution show management's up to the task.