MongoDB Inc. reported strong financial results for the first quarter of fiscal 2026, with total revenue reaching $549 million, representing a 22% year-over-year increase and surpassing analyst estimates of approximately $527 million. Subscription revenue rose 22% to $531.5 million, while services revenue increased 28% to $17.5 million. The company’s cloud database service, MongoDB Atlas, grew 26% year-over-year and accounted for 72% of total revenue. Adjusted earnings per share (EPS) were $1.00, beating consensus estimates of around $0.66 and marking a 96% increase year-over-year. Despite a GAAP net loss of $38 million, MongoDB generated $110 million in operating cash flow and $106 million in free cash flow. The company added 2,600 customers during the quarter, reaching a total of over 57,100 customers as of April 30, 2025. MongoDB raised its full-year fiscal 2026 revenue guidance to between $2.25 billion and $2.29 billion, with EPS guidance of $2.94 to $3.12, both above prior estimates. For the second quarter, revenue is expected to be between $548 million and $553 million, with adjusted EPS guidance of $0.62 to $0.66. Additionally, MongoDB increased its share repurchase authorization by $800 million, bringing the total buyback program to $1 billion. Following the earnings release and guidance update, MongoDB’s stock price rose by more than 14% in after-hours trading. Several analysts, including Monness Crespi & Hardt and Bernstein, upgraded their ratings and raised price targets, with Bernstein setting a target of $319 and Monness Crespi raising theirs to $295. The company’s leadership, including a new CFO and CTO, has been credited with driving operational improvements and margin expansion amid a growing demand for cloud-based database solutions.