MongoDB (MDB) Company Report

CJ Desai, MongoDB's new President and CEO, outlined his vision for the company as a modern data platform, aiming to leverage opportunities in semi-structured/unstructured data, AI workloads, and ongoing cloud migration.
While AI is a priority for IT budgets, it has not been a material driver of MongoDB's recent results; current strength comes from large customers using MongoDB for core, mission-critical workloads. AI is expected to be a future growth catalyst as enterprises develop more data-intensive AI applications.
MongoDB substantially raised its fourth-quarter outlook, anticipating accelerated total revenue growth driven by a higher base of Atlas consumption and increased commitment in Enterprise Advanced (EA) deals, with two-thirds of the Q4 raise attributed to EA.
The company emphasizes its competitive advantages, including a truly portable database that offers superior resiliency across multiple cloud environments compared to hyperscaler native databases and various Postgres offerings. MongoDB also reported strong overall customer growth, adding 8,000 customers year-to-date and 2,500 in the quarter.

1 day ago

Transcript

MongoDB Discusses Vision, Growth Drivers, and Competitive Landscape at UBS Conference

MDB

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

MongoDB's President and CEO, CJ Desai, outlined a vision for the company to evolve into a modern data platform, capitalizing on the large market for semi-structured and unstructured data and the growing demand for AI workloads.
The company's recent strong performance is attributed to core workloads and large enterprise consumption, with AI not yet a material driver but anticipated to be a significant future catalyst.
MongoDB differentiates itself from competitors like Postgres and hyperscaler native databases through true data portability across clouds and on-premise, a superior developer experience with a unified API, and cross-cloud resiliency.
The company provided a strong Q4 outlook, with the raise primarily driven by increased consumption in Atlas (one-third) and better commitment in multi-year deals for its Enterprise Advanced (EA) business (two-thirds).
Despite internal re-categorization affecting direct customer count, the total customer count grew significantly, adding 8,000 customers year-to-date and 2,500 in the last quarter.

1 day ago

Transcript

MongoDB Outlines Vision for Modern Data Platform and Raises Q4 Outlook

MDB

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

MongoDB's new executive envisions the company as a modern data platform, moving beyond a document database, to capitalize on the large market driven by cloud migration, AI workloads, and the growing volume of semi-structured/unstructured data in enterprises.
While AI is a significant future priority for IT budgets and a "when, not if" growth driver, MongoDB's recent strong Q3 performance was primarily driven by core mission-critical workloads from large enterprise customers, not direct AI lift.
The company substantially raised its Q4 outlook, attributing the increase to a higher base of Atlas consumption and stronger commitment in multi-year Enterprise Agreements. Management expressed confidence in the Atlas business by providing specific guidance.
MongoDB differentiates itself from competitors like Postgres and hyperscalers through its truly portable database across cloud environments, superior developer experience with a unified query language for AI features (vector search), and native JSON support, positioning it well for unstructured data in AI applications.
The total customer count grew significantly, with 8,000 customers added year-to-date and 2,500 in the last quarter, indicating strong underlying demand, despite internal re-categorization affecting the "direct" customer count.

1 day ago

Transcript

MongoDB Announces Q3 Fiscal 2026 Financial Results and Raises Full-Year Guidance

MDB

Earnings

Guidance Update

CEO Change

MongoDB reported strong Q3 fiscal 2026 total revenue of $628 million, up 19% year-over-year, driven by Atlas revenue growth accelerating to 30% and comprising 75% of total revenue.
The company achieved non-GAAP operating income of $123 million, representing a 20% operating margin, and net income of $115 million, or $1.32 per share.
Customer growth continued with over 62,500 total customers and a net ARR expansion rate of 120%.
MongoDB raised its fiscal year 2026 revenue outlook to $2.434-$2.439 billion (21%-22% year-over-year growth) and its non-GAAP income from operations to $436.4-$440.4 million (18% operating margin), with free cash flow conversion expected to exceed 100%.
CJ Desai assumed the role of President and CEO, highlighting MongoDB's strategic position in core operational data and emerging AI workloads.

3 days ago

Transcript

MongoDB Reports Strong Q3 2026 Results and Raises Full-Year Guidance

MDB

Earnings

Guidance Update

Share Buyback

MongoDB reported Q3 fiscal year 2026 total revenue of $628 million, an increase of 19% year-over-year, driven by Atlas revenue accelerating to 30% year-over-year growth.
The company achieved non-GAAP operating income of $123 million, representing a 20% operating margin, and non-GAAP net income of $1.32 per share.
MongoDB added 2,600 customers in the quarter, bringing the total to over 62,500, and saw its net ARR expansion rate increase to 120%.
Management raised its fiscal year 2026 revenue guidance to $2.434-$2.439 billion and non-GAAP operating income expectations to $436.4-$440.4 million.
The company repurchased approximately 514,000 shares for $145 million and expects free cash flow conversion to exceed 100% for fiscal year 2026.

3 days ago

Transcript

MongoDB Reports Strong Q3 2026 Results and Raises Full-Year Guidance

MDB

Earnings

Guidance Update

CEO Change

MongoDB reported strong Q3 2026 results, with total revenue of $628 million, up 19% year-over-year, and Atlas revenue accelerating to 30% year-over-year growth.
The company raised its financial guidance for both Q4 and the full fiscal year 2026, with FY 2026 revenue now expected between $2.434-$2.439 billion and non-GAAP income from operations targeted at $436.4-$440.4 million.
New CEO CJ Desai highlighted MongoDB's potential to become the generational modern data platform for the AI era, driven by its strong core business and relevance for AI workloads.
MongoDB ended Q3 2026 with over 62,500 customers and an increased total company net ARR expansion rate of 120%.
The company expects free cash flow conversion to exceed 100% for fiscal year 2026 and continues its share buyback program to manage share count.

3 days ago

Transcript

MongoDB Announces Third Quarter Fiscal 2026 Financial Results and CEO Appointment

MDB

Earnings

Guidance Update

Management Change

MongoDB, Inc. reported total revenue of $628.3 million for the third quarter of fiscal 2026, an increase of 19% year-over-year, with Atlas Revenue growing 30% year-over-year and comprising 75% of total Q3 revenue.
For Q3 fiscal 2026, the company achieved non-GAAP net income of $114.5 million, or $1.32 per share, compared to a GAAP net loss of $2.0 million, or $0.02 per share.
The company added 2,600 customers during the quarter, bringing the total customer count to over 62,500 as of October 31, 2025.
MongoDB raised its guidance for Q4 fiscal 2026, projecting revenue between $665.0 million and $670.0 million and non-GAAP net income per share between $1.44 and $1.48.
Chirantan \u201cCJ\u201d Desai was appointed President and Chief Executive Officer of MongoDB.

3 days ago

8-K

MongoDB Announces Strong Third Quarter Fiscal 2026 Financial Results and CEO Appointment

MDB

Earnings

Guidance Update

Management Change

MongoDB reported total revenue of $628.3 million for the third quarter of fiscal 2026, an increase of 19% year-over-year, with Atlas revenue growing 30% and representing 75% of total Q3 revenue.
The company achieved non-GAAP net income of $1.32 per share and generated $140.1 million in free cash flow for the quarter ended October 31, 2025.
MongoDB raised its financial guidance for the fourth quarter and full year fiscal 2026, projecting Q4 revenue between $665.0 million and $670.0 million and full-year revenue between $2.434 billion and $2.439 billion.
Chirantan "CJ" Desai was appointed President and Chief Executive Officer, succeeding Dev Ittycheria.

3 days ago

Press Release

MongoDB Announces CEO Transition and Leadership Changes

MDB

CEO Change

Management Change

Guidance Update

MongoDB's current President and CEO, Dev Ittycheria, is retiring after 11 years and will remain on the board as an advisor.
CJ Desai has been appointed as the incoming President and CEO, bringing experience from Cloudflare and ServiceNow.
CJ Desai's strategic focus includes scaling MongoDB to a $5 billion-plus business profitably, leveraging the company's cloud-agnostic architecture, multi-cloud capabilities, and AI opportunities.
MongoDB expects to exceed the high end of its FQ3 guidance ranges, with financial results to be discussed on December 1.

Nov 3, 2025, 3:00 PM

Transcript

MongoDB Announces CEO Transition

MDB

CEO Change

Management Change

Guidance Update

Dev Ittycheria is retiring as President and CEO of MongoDB after 11 years.
CJ Desai has been appointed as the new President and CEO of MongoDB.
Dev Ittycheria will remain on the board and serve as an advisor to CJ Desai to ensure a smooth transition.
CJ Desai, with experience from Cloudflare and ServiceNow, plans to focus on driving enterprise adoption, leveraging MongoDB's cloud-agnostic architecture for AI workloads, and achieving durable and profitable growth towards $5+ billion in revenue.
MongoDB expects to exceed the high end of its FQ3 guidance ranges, with full financial results to be reported on December 1st, 2025.

Nov 3, 2025, 3:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for MongoDB.

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