Database platform company MongoDB (NASDAQ:MDB) will be reporting results this Monday after market close. Here’s what to expect.
MongoDB beat analysts’ revenue expectations last quarter, reporting revenues of $628.3 million, up 18.7% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations. It added 130 enterprise customers paying more than $100,000 annually to reach a total of 2,694.
Is MongoDB a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting MongoDB’s revenue to grow 22.2% year on year, improving from the 19.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MongoDB has a history of exceeding Wall Street’s expectations.
Looking at MongoDB’s peers in the data storage segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Snowflake delivered year-on-year revenue growth of 30.1%, beating analysts’ expectations by 2.1%, and Commvault reported revenues up 19.5%, topping estimates by 4.9%. Snowflake traded up 1.1% following the results while Commvault was down 30.5%.
Read our full analysis of Snowflake’s results here and Commvault’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the data storage stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 9.8% on average over the last month. MongoDB is down 11.7% during the same time and is heading into earnings with an average analyst price target of $446.61 (compared to the current share price of $327.78).
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