MongoDB Q1 2026 Earnings: EPS $1.32, Revenue Up 25%
MongoDB Reports Strong Q1 2026 Earnings
MongoDB Inc (MDB) reported adjusted earnings of $1.32 per share for the quarter ended April 30, 2026, beating the average analyst estimate of $1.18. This compares to $1.00 per share in the same quarter last year.
Revenue and Net Income
Revenue rose 25.2% year-over-year to $687.62 million, exceeding expectations of $667.89 million. The company posted a net income of $4.43 million for the quarter.
Stock Performance and Outlook
MongoDB shares gained 20.3% during the quarter but are down 29.8% year-to-date. The median 12-month price target is $370, about 20.4% above the last closing price of $294.46. Earnings estimates have declined by approximately 2% over the last three months.
Analyst Recommendations
The average analyst rating is "buy", with 32 "strong buy" or "buy", 9 "hold", and no "sell" ratings. The consensus for the software peer group is also "buy".
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