MongoDB shares roseate 15% successful after-hours trading connected Monday aft the institution announced beardown third-quarter earnings that topped Wall Street estimates and issued a beardown forecast.
The database bundle shaper reported a gross of $628 million, which was up 19% twelvemonth implicit year, blowing past the $592 cardinal expected by LSEG analysts.
The company's adjusted net per stock of $1.32 besides bushed Wall Street's projections of 80 cents per share.
"These results bespeak the spot of MongoDB's platform – our flexible papers model, expanded database capabilities similar hunt and vector search, enterprise-grade security, durability, availability, performance, and the quality to tally anywhere," erstwhile CEO Dev Ittycheria said successful a statement.
Former Cloudflare enforcement Chirantan "CJ" Desai succeeded Ittycheria, who led MongoDB for 11 years, successful November.
The institution expects fourth-quarter gross to scope betwixt $665 million and $670 million.
MongoDB raised its full-year 2026 guidance to a scope of $2.434 cardinal to $2.439 cardinal vs its anterior guidance of $2.34 cardinal to $2.36 billion. Analysts polled by FactSet expected $2.36 billion.
MongoDB year-to-date banal chart.
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