MongoDB, Inc. (MDB) reported a fiscal first-quarter revenue of $549 million, reflecting a 22% year-over-year increase. The company also raised its fiscal 2026 revenue guidance to between $2.25 billion and $2.29 billion, up $10 million from previous estimates. Non-GAAP earnings per share for fiscal 2026 are projected to be between $2.94 and $3.12.
In the past month, MongoDB shares have increased by 8.7%, outpacing the Zacks Computer and Technology sector’s 8.1% appreciation and the Zacks Internet – Software industry’s 7% return. The company added a record number of new customers, including significant enterprise wins such as CSX and Zepto. MongoDB credits its growth and premium valuation to its innovative product offerings and advancements in AI capabilities.
MongoDB currently trades at a Price/Sales ratio of 7.08X, higher than the industry average of 5.91X. The Zacks Consensus Estimate for fiscal 2026 revenues is set at $2.28 billion, indicating a growth rate of 13.48% year-over-year. The consensus for earnings has been revised upward by 18.36% over the last month, with an expected decline of 17.21% year-over-year.
