Financial Data and Key Metrics Changes - Total revenue for the third quarter was $628 million, representing a 19% year-over-year increase and at the high end of guidance [9][19] - Non-GAAP operating income was $123 million, resulting in a 20% operating margin, an improvement from 19% in the previous year [23] - Net income for the quarter was $115 million, or $1.32 per share, compared to $98 million, or $1.16 per share, in the year-ago period [23] Business Line Data and Key Metrics Changes - Atlas revenue grew 30% year-over-year, now accounting for 75% of total revenue, up from 68% in the same quarter last year [19][22] - Non-Atlas revenue grew 8% year-over-year, reflecting consistent trends and expansion within the existing customer base [21] - The total customer count increased to over 62,500, with 2,600 new customers added in the quarter, marking a 65% growth in customer additions year-to-date [9][22] Market Data and Key Metrics Changes - Strong performance in Atlas was driven by large customers in the US and broad-based strength in EMEA [19] - The net annual recurring revenue (ARR) expansion rate increased to 120%, up from 119% in the previous quarter [20] Company Strategy and Development Direction - The company aims to become a foundational data platform for the AI era, leveraging its strengths in operational data and emerging AI workloads [6][10] - There is a focus on deepening customer relationships and advancing innovation to build a generational modern data platform [17] - The company is committed to strategic investments in engineering, marketing, and sales to drive growth [26][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued momentum of Atlas and the strategic importance of the platform for customers [17][26] - The company raised its financial guidance for the fourth quarter and the full fiscal year 2026, reflecting strong performance and underlying fundamentals [17][29] - Management noted that while AI adoption is still early, there are encouraging signs of growth and demand for MongoDB's solutions [10][12] Other Important Information - The company ended the quarter with $2.3 billion in cash and cash equivalents, and operating cash flow was $144 million [24] - The company repurchased approximately 514,000 shares during the quarter under a $1 billion share repurchase authorization [24][28] Q&A Session Summary Question: What are the initial steps to make MongoDB a foundational data platform for the AI era? - Management highlighted the need for real-time operational data and the right context to support AI workloads, emphasizing the company's structural advantages [35][36] Question: How are the workloads for calendar year 2025 shaping up? - Management noted strength in larger customers and ongoing growth in existing workloads, indicating a positive outlook for future workloads [40] Question: What are the repeated themes in customer conversations? - Key themes include modernization efforts and the ongoing transformation to multi-cloud environments, with a focus on AI workloads [45][46] Question: How does the company plan to increase developer engagement? - The company is relaunching initiatives in the Bay Area to engage with AI-native companies and developers, aiming to increase mind share [72] Question: What is the philosophy around M&A for MongoDB? - Management expressed a preference for organic growth but remains open to strategic acquisitions that can accelerate the roadmap [82]

Financial Data and Key Metrics Changes - Total revenue for Q3 fiscal 2026 was $628 million, representing a 19% year-over-year increase and at the high end of guidance [9][19] - Non-GAAP operating income was $123 million, resulting in a 20% operating margin, up from 19% in the previous year [23] - Net income for the quarter was $115 million, or $1.32 per share, compared to $98 million, or $1.16 per share, in the year-ago period [23] Business Line Data and Key Metrics Changes - Atlas revenue grew 30% year-over-year, now accounting for 75% of total revenue, up from 68% a year ago [19][22] - Non-Atlas ARR grew 8% year-over-year, reflecting strong performance in expanding existing customer relationships [21] - The total customer count increased to over 62,500, with 2,600 new customers added in the quarter [22] Market Data and Key Metrics Changes - Strong performance in Atlas was driven by large customers in the U.S. and broad-based strength in EMEA [19] - The net ARR expansion rate increased to 120%, up from 119% in the previous quarter [20] - Atlas had over 60,800 customers at the end of Q3, compared to over 51,100 in the year-ago period [22] Company Strategy and Development Direction - The company aims to become a foundational data platform for the AI era, leveraging its strengths in operational data and emerging AI workloads [6][10] - Strategic investments are being made in engineering, marketing, and sales capacity to drive growth [26][31] - The focus is on deepening customer relationships and advancing innovation to build a generational modern data platform [17][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued momentum of Atlas and the overall business, raising financial guidance for Q4 and fiscal 2026 [17][29] - The company is optimistic about the expansion opportunities within existing enterprise customers and the potential impact of AI on future workloads [10][36] - Management noted that while AI applications are still in early stages, there is significant interest and investment from customers in AI-related projects [46][48] Other Important Information - The company ended the quarter with $2.3 billion in cash and cash equivalents, with strong operating cash flow of $144 million [24] - A share repurchase program is in place, with $145 million spent to repurchase shares during the quarter [24][28] - The company plans to provide more visibility into its expectations for Atlas and non-Atlas growth in future guidance [25][30] Q&A Session Summary Question: Initial steps for MongoDB in the AI era - Management highlighted the importance of real-time operational data and the need for modernization in enterprise workloads to support AI applications [35][36] Question: Quality of workloads for fiscal year 2025 - Management noted strength in larger customers and ongoing growth in existing workloads, emphasizing the importance of these dynamics for future growth [40] Question: Customer themes and modernization efforts - Management observed that many enterprises are still in the process of modernizing their application stacks and experimenting with AI applications [45][46] Question: New customer ramp-up for Atlas - Management indicated that engineering improvements have facilitated faster adoption of Atlas by new customers [79] Question: M&A strategy for MongoDB - Management expressed a preference for organic growth but remains open to strategic acquisitions that can enhance the technology platform [82]

Financial Data and Key Metrics Changes - Total revenue for Q3 2026 was $628 million, representing a 19% year-over-year increase and at the high end of guidance [7][17] - Non-GAAP operating income was $123 million, resulting in a 20% operating margin, an improvement from 19% in the previous year [20] - Net income for the quarter was $115 million, or $1.32 per share, compared to $98 million, or $1.16 per share, in the year-ago period [20] Business Line Data and Key Metrics Changes - Atlas revenue grew 30% year-over-year, up from 29% in Q2 and 26% in Q1, now representing 75% of total revenue [7][17] - Non-Atlas ARR grew 8% year-over-year, reflecting consistent trends in the non-Atlas business [18] - The total customer count increased to over 62,500, with 2,600 new customers added in the quarter, marking a 65% growth in customer additions year-to-date [7][19] Market Data and Key Metrics Changes - Strong performance was noted in the U.S. and broad-based strength in EMEA, driven by both new workloads and growth of existing workloads [17] - The net ARR expansion rate increased to 120% in Q3, up from 119% in the previous quarter [18] Company Strategy and Development Direction - The company aims to deepen customer relationships and advance its innovation agenda to build a generational modern data platform for the multi-cloud and AI era [15] - The focus is on expanding within existing accounts and penetrating the Fortune 500 market more effectively [78] - Strategic investments in engineering, marketing, and sales capacity are planned to drive continued growth [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong momentum of Atlas and the healthy fundamentals of the business, leading to raised financial guidance for Q4 and the full fiscal year 2026 [15][25] - The company is optimistic about the potential of AI workloads and the role MongoDB can play in supporting enterprises in their AI transformations [11][33] Other Important Information - The company ended the quarter with $2.3 billion in cash and cash equivalents, and operating cash flow was significantly above expectations at $144 million [20][21] - The company is executing a share buyback program to offset dilution from employee equity awards [24] Q&A Session Summary Question: What are the initial steps to make MongoDB a foundational data platform for the AI era? - Management highlighted the need for real-time operational data and the right context to support AI workloads, emphasizing the importance of MongoDB's capabilities in this area [32][34] Question: How are the workloads for calendar year 2025 shaping up? - Management noted strength in larger customers and ongoing growth in existing workloads, indicating a positive trend for future workloads [36][37] Question: What are the repeated themes in customer conversations? - Key themes include modernization efforts and the ongoing transformation to multi-cloud environments, with a focus on AI workloads [40][41] Question: What is driving the new customer strength within Atlas? - The engineering team's successful product launches and the self-serve team's efforts to reduce friction for onboarding new customers were cited as key factors [69][71] Question: How does management view M&A in relation to MongoDB? - Management expressed a preference for organic growth but remains open to strategic acquisitions that can accelerate the roadmap [73]

Core Insights - MongoDB's shares increased by 15% in after-hours trading following the announcement of strong third-quarter earnings that exceeded Wall Street expectations [1] - The company reported a revenue of $628 million, representing a 19% year-over-year growth, surpassing the expected $592 million by LSEG analysts [1] - Adjusted earnings per share were $1.32, significantly higher than Wall Street's forecast of 80 cents per share [1] Company Performance - The strong results highlight the robustness of MongoDB's platform, which includes a flexible document model and enhanced database capabilities such as search and vector search [2] - The company emphasizes its enterprise-grade security, durability, availability, and performance, along with the ability to operate in various environments [2]

Core Insights - The article discusses the importance of enabling Javascript and cookies in browsers to ensure proper functionality and access to content [1] Group 1 - The article highlights that users may face access issues if they have an ad-blocker enabled, suggesting the need to disable it for a better experience [1]

Atlas Revenue up 30% year-over-year; 75% of Total Q3 Revenue Third Quarter Fiscal 2026 Total Revenue of $628.3 million, up 19% year-over-year Added 2,600 Customers, with Over 62,500 Total Customers as of October 31, 2025 NEW YORK, Dec. 1, 2025 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the third quarter ended October 31, 2025. Accessibility StatementSkip Navigation "MongoDB delivered strong third quarter results that exceeded the high-end of our guidance driven by ...

Market Update - The stock market started December slightly lower after a strong Thanksgiving week, with the S&P 500 rallying almost 4%, marking its seventh consecutive month of gains [1] - The Nasdaq increased over 4% last week but fell 1.5% in November, ending its seven-month winning streak [1] Eli Lilly Price Cuts - Eli Lilly announced a price reduction for its obesity medication Zepbound, with the starting dose now priced at $299 per month, down from $349, and the 5 mg dose at $399, down from $499 [1] - Analysts at Leerink noted that the price cuts may have come earlier than expected but are not a major surprise, emphasizing the potential for expanded patient access to Lilly's drugs [1] - The price reductions are part of a broader trend in the GLP-1 market, with Novo Nordisk also cutting prices to regain market share [1] - The expectation is that lost revenue from price cuts will be compensated by increased volume, supporting Eli Lilly's earnings-per-share growth in the coming years [1] Goldman Sachs Acquisition - Goldman Sachs announced plans to acquire Innovator Capital Management for $2 billion, a pioneer in defined outcome exchange-traded funds (ETFs) [1] - Innovator has created the first defined outcome ETF and has $28 billion in assets under supervision as of September 30 [1] - The acquisition aims to significantly expand Goldman Sachs Asset Management's ETF lineup and enhance offerings in a rapidly growing active ETF category [1] - This acquisition follows a previous deal with T. Rowe Price to create private market products for investors, indicating a strategic push in Goldman's asset and wealth management division [1] Upcoming Earnings Reports - MongoDB is set to report earnings after the market closes on Monday, while United Natural Foods and Signet Jewelers will release results before Tuesday's opening bell [1]

Market Overview - The market is currently 0.6% away from all-time highs as December begins, with investor sentiment remaining in Extreme Fear according to the Blossom Fear and Greed Index, indicating a divergence between price strength and investor psychology [2][4]. Software Earnings - The software earnings season is underway, with major companies like CrowdStrike, SentinelOne, MongoDB, Snowflake, and UiPath set to report this week [5]. - Estimates suggest mid-to-high double-digit revenue growth for CrowdStrike and SentinelOne, while Snowflake is expected to show decelerating but still strong cloud data growth. MongoDB is anticipated to maintain momentum driven by its Atlas platform [6]. Cryptocurrency Market - The cryptocurrency market is showing signs of recovery, with Bitcoin bouncing back from lows around 80k and Ethereum holding near 2600. However, the overall trend remains fragile [7]. - A significant rally in the market would be incomplete without a strong performance from cryptocurrencies, which would need to reclaim major moving averages for Bitcoin and break its downtrend for Ethereum to confirm a bullish setup [10].

Core Viewpoint - The upcoming quarterly report for the company is highly anticipated, with expectations of a slight decrease in EPS but continued revenue growth, albeit at a slower pace compared to previous quarters [1][2][3][4]. Financial Expectations - EPS is expected to be 79 cents, down from $1 in the same quarter last year and $1.16 in the previous quarter [2][3]. - Revenue is projected at approximately $591.2 million, indicating a year-over-year growth of about 12%, but a deceleration from over 22% growth recorded in the same quarter last year [3][4]. Revenue Performance - The company has a strong track record of exceeding revenue expectations, having beaten estimates by at least 5% for the past two years [3]. - The Atlas cloud database segment, which constitutes about 74% of total revenue, is a key focus, with some analysts expressing concerns about potential growth pressures [5]. Analyst Sentiment - Despite a lowered price target from Bank of America to $300 from $470, the overall analyst community remains bullish, with no ratings in the underperform or sell categories [5][6][7]. - The average price target among analysts is around $371, indicating a generally positive outlook [6]. Market Volatility - A significant price movement of at least 13% is anticipated following the earnings report, suggesting potential volatility in the stock [6]. - The current trading price is approximately $327, which is below the revised price target, indicating a cautious market sentiment [5][6].

Market Overview - U.S. stock futures declined on Monday following a five-session rally over the Thanksgiving weekend, despite strong Black Friday sales, with online sales increasing by 9.4% year-over-year [1] - The 10-year Treasury bond yielded 4.04%, while the two-year bond was at 3.49%, with an 87.6% likelihood of the Federal Reserve cutting interest rates in December [3] - Major indices showed negative premarket performance: Dow Jones down 0.40%, S&P 500 down 0.53%, Nasdaq 100 down 0.66%, and Russell 2000 down 0.77% [3] Company Earnings and Performance - Investors are anticipating earnings reports from MongoDB Inc. (NASDAQ:MDB), CrowdStrike Holdings Inc. (NASDAQ:CRWD), and Salesforce Inc. (NYSE:CRM) this week [2] - MongoDB shares were down 0.47% pre-market ahead of its third-quarter earnings report [13] - NVIDIA Corp. (NASDAQ:NVDA) shares fell 1.16% pre-market due to rising competition in the GPU market, particularly from Alphabet Inc. (NASDAQ:GOOG) [6] - Nio Inc. (NYSE:NIO) shares decreased by 4% pre-market despite reporting record vehicle deliveries and reduced losses in Q3 [6] - Intel Corp. (NASDAQ:INTC) shares were down 1.11% pre-market after a 10% surge on Friday, following speculation about becoming a foundry supplier for Apple Inc.'s M-series processors [6] Sector Performance - All S&P 500 sectors, except for healthcare, were positive on Friday, with energy, IT, communications, and financial services leading the gains [7] - The Nasdaq Composite increased by 0.65%, S&P 500 by 0.54%, Dow Jones by 0.61%, and Russell 2000 by 0.58% on the last trading day [8] Economic Indicators - No economic data was scheduled for release on Monday [10] Commodities and Global Markets - Crude oil futures rose by 1.69% to approximately $59.53 per barrel, while gold prices increased by 0.80% to around $4,253.07 per ounce [11] - Bitcoin was trading 4.20% lower at $86,640.39 per coin [11] - Asian markets showed mixed results, with Japan's Nikkei 225, India's Nifty 50, and Australia's ASX 200 declining, while China's SHENZHEN and Shanghai indices were up [12]