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MongoDB's Q3 FY 2026 earnings call highlighted robust growth in Atlas, with 30% year-over-year increase, contributing significantly to a total revenue of $628 million, up 19%. The company reported a non-GAAP operating income of $123 million, emphasizing strong financial performance. CEO CJ Desai expressed enthusiasm about MongoDB's positioning in the AI landscape, citing a structural advantage in handling real-time and complex data for AI workloads. MongoDB raised its financial guidance for both Q4 and the full fiscal year 2026, projecting revenues of $665-$670 million for Q4 and $2.434-$2.439 billion for the year, thanks to solid growth in Atlas and a strong operational foundation. The call also highlighted increased new customer additions and the scalability challenges faced by competitors like Postgres, reinforcing MongoDB's advantage. The Q&A session focused on MongoDB's opportunities in AI, its core business strength, and plans to expand in enterprise and AI native markets. Analysts responded positively, noting the company's strategic initiatives and financial outperformance.
Atlas performance was strong, accelerating to 30% year-over-year growth, up from 29% in Q2 and 26% in Q1.
We are raising our financial guidance for the fourth quarter and full fiscal year 2026, demonstrating our commitment to long-term growth.
Net income in the third quarter was $115 million, or $1.32 per share, reflecting solid financial performance.
MongoDB has a very important role to play in the AI ecosystem, providing real-time operational data essential for AI workloads.
Revenue for fiscal 26 is now expected to be in the range of $2.434 to $2.439 billion, up $79 million from prior guidance.
Total Revenue
$628 million
+19% YoY
Atlas Growth
30% YoY
+1% from Q2
Non-GAAP Operating Income
$123 million
20% Non-GAAP operating margin
Net Income
$115 million
$1.32 per share
Free Cash Flow
$140 million
Improved from $35 million YoY