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MongoDB, Inc. (MDB) reported a 21.6% year-over-year increase in subscription revenues, reaching $531.5 million in the first quarter of fiscal 2026. The total customer count rose to 57,100, an increase of 16.05% from the previous year. The Zacks Consensus estimate for second-quarter subscription revenues is anticipated to be $537.49 million.
The company is focusing on the enterprise segment and enhancing its self-serve channel, targeting new users through onboarding and developer education. MongoDB is integrating AI into its platform through ongoing developments like the Voyage AI acquisition and aims to expand globally with documentation in Mandarin, Portuguese, Korean, and Japanese.
Year-to-date, MDB shares have declined by 2.3%, underperforming the Zacks Internet – Software industry, which grew by 18.5%. The company currently trades at a forward Price/Sales ratio of 7.50X and has a Zacks Consensus estimate for earnings at 64 cents per share for the second quarter, reflecting an 8.57% year-over-year decline.
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