Database platform company MongoDB (NASDAQ:MDB) will be announcing earnings results this Tuesday after market close. Here’s what you need to know.
MongoDB beat analysts’ revenue expectations by 4.1% last quarter, reporting revenues of $549 million, up 21.9% year on year. It was a very strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates. It added 110 enterprise customers paying more than $100,000 annually to reach a total of 2,506.
Is MongoDB a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting MongoDB’s revenue to grow 15.8% year on year to $553.6 million, improving from the 12.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.66 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MongoDB has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 4.2% on average.
Looking at MongoDB’s peers in the data and analytics software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Commvault delivered year-on-year revenue growth of 25.5%, beating analysts’ expectations by 5.2%, and DigitalOcean reported revenues up 13.6%, topping estimates by 1%. Commvault traded up 18.2% following the results while DigitalOcean was also up 34.9%.
Read our full analysis of Commvault’s results here and DigitalOcean’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the data and analytics software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.3% on average over the last month. MongoDB is down 10% during the same time and is heading into earnings with an average analyst price target of $272.21 (compared to the current share price of $219.99).
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