MongoDB, Inc. provides a general-purpose database platform worldwide. Its offerings include MongoDB Atlas, a hosted multi-cloud database-as-a-service; MongoDB Enterprise Advanced, a commercial database server for cloud, on-premises, or hybrid deployment; and Community Server, a free-to-download version for developers. The company also offers professional services such as consulting and training. Formerly known as 10gen, Inc., it changed its name to MongoDB, Inc. in August 2013 and is headquartered in New York, New York.
MongoDB Says Self-Managed Enterprise Advanced Business Reaccelerating
MongoDB executives said the company's self-managed Enterprise Advanced business is reaccelerating, with double-digit growth over each of the past three quarters, and now view it and the Atlas cloud platform as complementary "two growth engines." Chief Financial Officer Mike Berry said during a fireside chat that demand for deployment flexibility has risen over the past 12 to 18 months, driven by regulated industries, government customers, data requirements, cloud capacity constraints and economics, and that growth among large customers using both self-managed MongoDB and Atlas has exceeded the companywide average. Chief Product Officer Ben Cefalo said customers value the ability to build an application once and move it among cloud and on-premise environments, and that MongoDB recently made Search and Vector generally available for self-managed customers after developing those capabilities first in Atlas. Berry said the self-managed licensing model generally offers higher upfront profitability and may deliver higher gross margins over time, and that shared underlying technology limits incremental research and development needs. On AI, Cefalo cited investments in MCP Server capabilities, Voyage AI integration, auto-embedding and a LangChain partnership, while noting enterprise adoption of custom AI applications remains early as security, governance, privacy and regulatory concerns slow production deployments. For the current fiscal-year guidance discussed at the event, Berry said research and development spending is projected to rise about 30%, sales and marketing spending is expected to increase in the mid-teens and general and administrative spending by lower single digits.
MongoDB reported fiscal second-quarter revenue of $771.8 million, up 30% year over year, with Atlas revenue rising approximately 29% to $565.9 million and Enterprise Advanced and other revenue up approximately 36% to $181.2 million. Remaining performance obligations increased 91% to $1.52 billion, of which current RPO, the portion expected to be recognized within 12 months, rose 73% to $797.3 million. GAAP operating income reached $28.4 million, compared with a $65.3 million loss a year earlier, and free cash flow nearly doubled to $137.6 million from $69.9 million. MongoDB raised its fiscal 2027 revenue guidance to $2.99 billion to $3.03 billion from $2.92 billion to $2.96 billion, attributing the second-half increase mainly to Atlas, while guiding for a third-quarter GAAP operating loss of $14.5 million to $10.5 million and a full-year GAAP operating loss of $28 million to $8 million. Total customers grew to more than 70,600 from more than 59,900 a year earlier, and Atlas customers reached more than 69,300.
MongoDB Stock Plunges 13.5% Despite Beat as Atlas Growth Misses
MongoDB's stock fell 13.5% on Wednesday despite beating revenue and profit estimates, as growth in its Atlas cloud platform missed investor expectations. Atlas, which drives roughly three-quarters of total revenue, grew 28.9% year over year, short of the roughly 30% pace some investors had anticipated. Total revenue hit $771.8 million, up about 30% year over year and well ahead of the approximately $735 million estimate, while adjusted earnings came in at $1.90 per share versus the $1.61 expected. The company also raised its full-year revenue guidance, but the Atlas shortfall overshadowed the beat, leading to a $4 billion market value loss in a single session. Despite the selloff, several Wall Street firms maintained or raised their price targets, with Guggenheim setting a Street-high $560 target, while CEO Chirantan "CJ" Desai expressed surprise and disappointment, arguing the company delivered a clean beat and raised guidance.
U.S. stock index futures edged lower on Wednesday as investors contended with a global bond selloff, elevated energy prices, and expectations of a Federal Reserve rate hike, pressuring rate-sensitive tech stocks. Dell Technologies climbed nearly 10% after raising its annual revenue and profit forecasts on strong demand for AI-optimized servers, while Hewlett Packard Enterprise rose 4.7% ahead of its earnings. MongoDB tumbled 13.6% despite beating fiscal second-quarter estimates, as investors focused on outlook and valuation. GitLab surged 22% after delivering strong results and raising full-year guidance. Uber Technologies rose 2.4% on plans to cut about 3,300 jobs, and Sirius XM gained 3.1% after a Deutsche Bank upgrade.
Vertiv to Acquire UtilityInnovation Group for $1.45 Billion
Vertiv announced the $1.45 billion acquisition of UtilityInnovation Group, with up to $1.15 billion in additional consideration tied to EBITDA targets over 12- and 24-month periods, sending its shares down less than 1% premarket. Sirius rose over 3% after Deutsche Bank upgraded it to buy with a $45 price target, implying more than 60% upside. Dell Technologies jumped 8% after beating expectations and lifting its fiscal 2027 forecast on strength in AI services. Palo Alto Networks fell nearly 2% despite beating earnings estimates, while MongoDB dropped 13% despite better-than-expected results and guidance. Credo Technology declined about 9% after its non-GAAP gross margin slightly missed expectations.
Dell, GitLab Surge on Earnings; MongoDB, Credo Fall
Stock futures were mixed early Wednesday as investors awaited key economic data and the Federal Reserve's Beige Book, with sentiment constrained by U.S.-Iran strikes and rising global bond yields. Among the biggest movers, GitLab jumped 22% after topping Q2 expectations with revenue up 21% to $286.3M and issuing upbeat guidance, while Dell Technologies surged 10% on strong FQ2 results, including revenue up 58% to $46.97B and adjusted EPS of $7.04. Dell also raised FY2027 revenue guidance by $25B to $192B, well above the $173.3B consensus, driven by an increased AI-optimized server revenue outlook to $74B from $60B, with AI server orders reaching a record $60.9B and a $95B backlog. On the downside, MongoDB fell 15% despite beating estimates with 30% revenue growth and raising its full-year outlook, as higher operating expenses overshadowed results, while Credo Technology dropped 7% despite revenue more than doubling to $479M, due to margin pressure and rising costs.
In after-hours trading, Dell Technologies shares jumped nearly 9% after beating expectations on both lines and lifting its fiscal 2027 forecast, citing strength in its artificial intelligence service business. MongoDB shares dropped 12% despite posting better-than-expected earnings and upbeat guidance, with earnings of $1.90 per share on $772 million in revenue versus analyst forecasts of $1.61 and $734 million. Credo Technology shares slid almost 4% after its non-GAAP gross margin for the first quarter came in at 68%, slightly below the 68.3% analysts expected, though it beat on both lines. GitLab shares rallied nearly 20% on an earnings beat and upbeat full-year guidance, earning 24 cents per share on $286 million in revenue versus estimates of 18 cents and $273 million. Palo Alto Networks shares were flat after a better-than-expected fourth fiscal quarter, with earnings of $1.02 per share on $3.41 billion in revenue versus expectations of 98 cents and $3.35 billion.
MongoDB Raises Full-Year Guidance After Strong Q2 Revenue Growth
MongoDB, Inc. reported second quarter fiscal 2027 total revenue of $771.8 million, up 30% year-over-year, and raised its full-year fiscal 2027 guidance, with the second-half increase mainly driven by Atlas. Atlas revenue grew approximately 29% year-over-year, while Enterprise Advanced and other revenue rose approximately 36%. The company posted GAAP net income of $40.9 million, or $0.50 per share, compared to a net loss of $47.0 million, or $0.58 per share, in the year-ago period. Non-GAAP net income was $162.6 million, or $1.90 per share, and non-GAAP operating margin improved to 24% from 15% a year ago. Free cash flow nearly doubled to $137.6 million. For the third quarter, MongoDB expects revenue between $756 million and $761 million, and for the full year, revenue between $2.99 billion and $3.03 billion.
UOBAM: This Week's Focus on US Jobs Data and Tech Earnings
UOBAM reports in its UOBAM Weekly Market in Brief that this week (August 31 to September 4) investors should monitor the US non-farm payrolls and unemployment rate following the hawkish tone at the Jackson Hole meeting, while also looking forward to strong earnings from the technology sector, particularly Dell, Palo Alto Networks, MongoDB, Broadcom, and Snowflake. Recommended funds include UGIS, UGEAR, UGSTAR, and UGDIVP.
Enterprise Software Stocks Surge on AI-Driven Earnings
Enterprise software and SaaS stocks surged in afternoon trading after quarterly earnings and upbeat commentary signaled that artificial intelligence is driving growth across the sector rather than threatening legacy business models. The rally, highlighted by a 20% jump in Salesforce, eased fears that AI would disrupt traditional platforms, with reports showing AI-powered offerings like Salesforce's Agentforce reaching $1.5 billion in annual recurring revenue and Slackbot surpassing 1 million active users within five months. CrowdStrike CEO George Kurtz attributed momentum to AI expanding the attack surface, while Okta's AI identity offerings drove about 30% of new bookings and increased contract values by roughly 40%. Among the gainers, Paylocity rose 4%, MongoDB jumped 9.7%, Datadog climbed 6.4%, Five9 advanced 6.4%, and monday.com gained 6.6%. MongoDB, trading near its 52-week high of $472.29, is up 12% year-to-date, though it recently dropped 4.6% on concerns over AI competition following reports that Anthropic's upcoming IPO could rival SpaceX's $75 billion debut.
Citi raises MongoDB price target to $545 on strong Atlas growth and AI momentum
Citi reissued its positive catalyst watch on MongoDB and raised its price target to $545 while reiterating a Buy rating, citing expectations for significant positive estimate revisions. The bank remains confident in its street-high estimate for Atlas growth of approximately 30% year-over-year in the second quarter of fiscal 2027 and raised total revenue estimates on stronger trends in MongoDB's Enterprise Advanced offering. Citi's intra-quarter fieldwork pointed to broad-based momentum, with download activity from npm js growing more than 100% year-over-year, up from more than 80% growth in the prior quarter, and highlighted continued ramping consumption among several AI-native companies including a new foundational model win. The analysts also raised EA revenue growth assumptions to high-single-digit percentage growth for both the second quarter and full fiscal year 2027, driven by the general availability of MongoDB's Vector and AI SKUs, which they believe could be meaningful upside drivers. Citi sees MongoDB's flexible schema, hyperscale portability and memory type flexibility giving it a strong advantage in the expanding agentic architecture space.
MongoDB, Flywire, and Marqeta Shares Fall as Tech Sentiment Weakens
Shares of MongoDB, Flywire, and Marqeta declined in afternoon trading as deteriorating macro conditions and an unwinding of retail leverage pressured tech stocks. A reinstated U.S. naval blockade on Iran pushed Brent crude past $85 a barrel, raising expectations that the Federal Reserve will hold rates in the 3.50%–3.75% range, which could drive stricter scrutiny of AI investments. Data storage company MongoDB fell 3%, payments software company Flywire fell 3%, and payments software company Marqeta fell 2.3%. Flywire shares have been volatile, with 15 moves greater than 5% over the past year, and the stock is up 30.1% year-to-date, trading near its 52-week high of $18.78 from July 2026.
S&P 500 Futures Rise as Inflation Cools and Bank Earnings Loom
US stock futures pointed higher Monday morning, with E-mini S&P 500 contracts up about 0.4%, as investors weighed cooling inflation against uneven global growth. Softer price data in France, where inflation sits at 1.8%, suggested easing cost-of-living pressures that could reduce the need for further central bank rate hikes, while weaker industrial output in Italy and Turkey hinted at slowing factory activity. Among individual movers, Cerebras Systems jumped 8.34% after announcing expanded manufacturing and new European AI infrastructure capacity, Meta Platforms rose 5.97% on AI chip and cloud compute plans, and SBA Communications gained 4.14%. On the downside, Moderna fell 10.83% amid renewed political focus on vaccine skepticism, Okta declined 6.86%, and MongoDB dropped 5.73% despite recent analyst price target increases. Looking ahead, big bank earnings are set to dominate the narrative, with JPMorgan Chase, Wells Fargo, Citigroup, Goldman Sachs, and Bank of America reporting Tuesday, followed by BlackRock, PNC Financial, Bank of New York Mellon, Progressive, Elevance Health, J.B. Hunt, and United Airlines on Wednesday.
Citi names Palantir, Microsoft, Figma as key AI beneficiaries ahead of Q2 software earnings
Citi has identified Palantir, Microsoft, and Figma as key beneficiaries of enterprise AI spending ahead of second-quarter software earnings. The bank sees improved IT spending during the quarter, with incremental budget dollars flowing disproportionately toward AI infrastructure, cloud platforms, and data modernization projects. Within data infrastructure and AI enablement, Citi prefers MongoDB, Snowflake, and Palantir, while it views Microsoft positively among hyperscalers and AI infrastructure providers, and Figma and Shopify within applications software. Citi maintains Buy ratings on all these companies, with price targets of $455 for MongoDB, $320 for Snowflake, $225 for Palantir, $620 for Microsoft, $36 for Figma, and $156 for Shopify. In contrast, Citi names ZoomInfo and Adobe as its least preferred software names heading into the quarter, citing higher execution risk and a push-out in near-term bookings growth.
Bragar Eagel & Squire Investigates MongoDB Board for Breach of Fiduciary Duties
Bragar Eagel & Squire, P.C. is investigating potential claims against MongoDB, Inc. on behalf of long-term stockholders, focusing on whether the board of directors breached their fiduciary duties. The investigation follows a class action complaint filed on July 9, 2024, covering a class period from August 31, 2023 to May 30, 2024. The complaint alleges that MongoDB's stock price dropped after the company reported strong fourth-quarter 2024 results but issued lower-than-expected full-year guidance for 2025, citing changes in its sales incentive structure. The stock fell further on May 30, 2024, when MongoDB again lowered its guidance, attributing it to macro impacts on consumption growth, with analysts questioning the effects of marketing strategy changes on customer behavior. Long-term stockholders are encouraged to contact the firm to discuss their legal rights.
GitLab vs. MongoDB: Which Technology Stock Is a Better Buy in 2026?
The Motley Fool compares GitLab and MongoDB to determine which cloud-native software stock is a better buy in 2026. GitLab reported fiscal 2026 revenue of nearly $955.2 million, up 25.8%, with a net loss of close to $56.0 million and a negative net margin of roughly 5.9%. MongoDB posted fiscal 2026 revenue of close to $2.5 billion, a 22.8% increase, with a net loss of approximately $71.2 million and an improved net margin of negative 2.9%. Both companies carry no debt relative to shareholder equity, with GitLab generating free cash flow of approximately $222.0 million and MongoDB nearly $500.2 million. GitLab trades at a forward P/E of 35.8x and a P/S ratio of 5.1x, while MongoDB trades at 51.3x and 10.3x, respectively. The analysis concludes that MongoDB offers the best opportunity for growth and profitability, making it the preferred choice between the two.
Wall Street’s Favorite Stocks: DigitalOcean and Ross Stores Shine, MongoDB Lags
Wall Street analysts have set ambitious price targets for MongoDB, DigitalOcean, and Ross Stores, but StockStory urges caution on MongoDB while highlighting DigitalOcean and Ross Stores as more promising. MongoDB’s consensus target of $394.68 implies a 17.5% return, yet its complex enterprise implementation and forecasted 4-percentage-point decline in free cash flow margin raise concerns. DigitalOcean, with a $178.77 target and 17.7% implied return, benefits from 17.6% average billings growth and an expected 30.7% sales acceleration. Ross Stores, trading at $208.83 with a $256.18 target and 22.7% implied return, has posted 5.4% average same-store sales growth and strong returns on capital.
MongoDB, Bandwidth, and SentinelOne stocks rise as US-Iran de-escalation eases macro fears
Shares of MongoDB, Bandwidth, and SentinelOne rose sharply in afternoon trading after the United States and Iran agreed to halt military exchanges, easing fears of a wider Middle East conflict. MongoDB jumped 5.9%, Bandwidth gained 5.6%, and SentinelOne climbed 6.6%. The de-escalation lowered oil prices and reduced inflation concerns, diminishing the likelihood of a Federal Reserve rate hike later in the year. This benefited long-duration growth software stocks, which are highly sensitive to interest rate expectations. The rally was also supported by a chip-to-software rotation triggered by a June 25 report that OpenAI may delay its IPO, reducing fears that AI labs would quickly disrupt incumbent SaaS companies.
MongoDB reported first-quarter fiscal 2027 revenue of $687.6 million, a 25% year-over-year increase, driven by a 29% rise in MongoDB Atlas revenue. Non-GAAP income from operations reached $123.2 million, up from $87.4 million a year earlier. CEO CJ Desai cited strong go-to-market execution and high demand across enterprise and AI use cases. The company raised its full-year fiscal 2027 guidance and announced key executive appointments, a strategic partnership with LangChain, the acquisition of Clarity Business Solutions, and an expansion of engineering operations in Ireland. MongoDB also received the 2026 Google Cloud Partner of the Year award for the seventh consecutive year.
Graham Corporation named top growth stock while MongoDB and First Busey face headwinds
StockStory identifies Graham Corporation as a growth stock with significant upside potential, while MongoDB and First Busey are flagged as facing slowing momentum. Graham Corporation achieved annual revenue growth of 20.3% over the past five years and expanded its operating margin by 13.5 percentage points, with earnings per share growing 31.5% annually over the last two years. MongoDB, despite 23.6% one-year revenue growth, faces concerns including complex enterprise implementation and an expected 4 percentage point contraction in free cash flow margin. First Busey, with 60% one-year revenue growth, is challenged by a low net interest margin of 3.4% and an estimated 3.1% decline in tangible book value per share over the next 12 months.
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