MongoDB’s Stock (NASDAQ:MDB) Pulls Back Into Earnings – What To Expect

MongoDB heads into earnings with it's stock (NASDAQ:MDB) showing some signs of weakness, down 10.63% in the past month, and almost the same YTD. MDB has moved substantially off the lows however, with a more than 50% upswing that raises questions about the future direction off teh back of today's print.

Recent action has been buoyed by a string of positive developments, including a strong first-quarter fiscal 2026 performance and raised full-year guidance. However, beneath the surface of these encouraging signs, questions remain about the sustainability of this growth trajectory and the challenges that lie ahead.

With today's earnings coming after the closing bell, and the street looking for an EPS of $0.66; below the $0.70 from last year, and the $1 per share in the most recent period, ir could be a quarter of expanded revenue, but narrower earnings. Reveue is expected to come in at $553.57million, for a 15.78% growth rate. Projected annual EPS for FY26 is $3.1, expanding to $3.73 in FY27.

The company's first-quarter fiscal 2026 results, released in early June, painted a picture of robust expansion. Total revenue surged to $549 million, a 22% year-over-year increase, comfortably exceeding analyst expectations of $528 million.

The star of the show was undoubtedly Atlas, MongoDB's cloud-based database service, which fueled subscription revenue growth of 26% and accounted for a commanding 72% of total revenue. Adjusted earnings per share (EPS) also impressed, coming in at $1.00, significantly above the anticipated $0.66.

CEO Dev Ittycheria's confident assertion that MongoDB is well-positioned to “drive profitable growth” reflects the company's belief in its ability to capitalize on the next wave of application development. This optimism is further reinforced by the upward revision of the full-year fiscal 2026 guidance. MongoDB now projects revenue between $2.25 billion and $2.29 billion, and adjusted EPS in the range of $2.94 to $3.12, a considerable improvement from previous estimates.

Adding another layer of confidence, MongoDB's board authorized an additional $800 million for its share repurchase program, bringing the total authorization to $1 billion. This move signals a strong belief in the company's financial health and future prospects, as well as a commitment to enhancing shareholder value.

The market has reacted positively to these developments, with MongoDB's stock experiencing a significant uptick following the earnings release. This positive sentiment is further reflected in the current trading price of $218.86, which sits above the 50-day simple moving average (SMA) of $216.01, though still below the 200-day SMA of $231.26.