MongoDB Misses Cloud Growth Expectations Despite Strong Earnings
Despite MongoDB (MDB) reporting strong revenue and profit results that exceeded expectations, the stock fell sharply in after-hours trading due to a slight miss on cloud growth. The company’s Atlas platform grew by 28.9% year-over-year, falling short of some investors' projected 30%. This metric is critical as it reflects MongoDB's ability to capture AI-driven demand rather than just legacy database business. MongoDB reported total revenue of $771.8 million—up nearly 30% from the previous year—and adjusted earnings per share of $1.90, well above estimates. The company also raised its full-year guidance and improved non-GAAP operating margins by over 940 basis points compared to last year. Despite these positive results, investors punished MongoDB’s stock due to concerns about a potential growth plateau in the Atlas platform. Shares dropped more than 13% on Wednesday before recovering slightly early Thursday.
Tickers: $MDB
Topics: Atlas Growth Cloud Revenue Investor Reaction MongoDB