MongoDB NASDAQ: MDB was on track to end October as the Most Upgraded stock, as tracked by MarketBeat. The only reason it didn't is that Alphabet reported its earnings on Oct. 30, outperforming the consensus, providing solid guidance, and sparking a round of bullish analyst revisions.
MongoDB, Inc. - Special Call Company Participants Dev Ittycheria - President, CEO & Director Melissa Plunkett Frank Liu Apoorva Joshi Shilpa Kolhar Michael Berry - Chief Financial Officer Jim Scharf - Chief Technology Officer Fred Roma May Petry - Chief Marketing Officer Conference Call Participants Brian Schmidt Upendra Kulkarni Jon Fortt Tengyu Ma Thomas Valletta Scott Mooney Steven Poitras Sudheesh Nair Shaun Roberts Howard Ma - Guggenheim Securities, LLC, Research Division Jason Ader - William Blair & Company L.L.C., Research Division Rishi Jaluria - RBC Capital Markets, Research Division Sanjit Singh - Morgan Stanley, Research Division Matthew Martino - Goldman Sachs Group, Inc., Research Division William Miller Jump - Truist Securities, Inc., Research Division William Power - Robert W.
MongoDB is finally benefiting from the AI software adoption cycle, with its Atlas cloud product seeing strong demand from AI-native startups. Atlas posted 29% year-over-year revenue growth, but overall revenue guidance is tempered by a decline in non-Atlas, on-premise business. The market reacted positively, with shares up 38% after the report (plus more), recognizing the shift toward cloud and AI despite headline guidance appearing soft.
With rising enterprise adoption and deeper workloads, MDB's Atlas is strengthening its grip as a core growth engine.
Headed into the Labor Day weekend, the CE 100 Index managed to post a 0.5% gain, in contrast to the slides seen across all broader benchmarks such as the Nasdaq and the S&P 500. The Enablers segment proved to be the leader this past week, as the pillar rose 4.1%.
MongoDB, Pure Storage and Snowflake all touted artificial intelligence in earnings reports this week. The stocks notched big gains as investors started seeing the benefits of AI moving further downstream in technology.
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 (NASDAQ: MDB), a leading database management provider, recently reported strong Q2 results that surpassed analyst expectations. The company also increased its full-year earnings forecast by 22% at the midpoint of its guidance range.
MongoDB, Inc. MDB released its second-quarter financial results after Tuesday's closing bell.
JPM is set to pay $330M to settle a Malaysian lawsuit over 1MDB-linked money laundering claims, without admitting liability.
MongoDB (NASDAQ: MDB), a document database, is scheduled to release its earnings on Tuesday, August 26, 2025. Based on the past five years of data, the stock's post-earnings movement is unpredictable, with an equal chance of rising or falling.
MDB preps for Q2 results as Atlas drives growth, while macro uncertainty and competition pose challenges.