MongoDB (MDB, Financial) just dropped a killer quarter, blowing past expectations with a 22% revenue jump to $529.4 million. Atlas, their cloud database darling, stole the show with 26% growth, while non-GAAP net income hit $98.1 million—or $1.16 per share—up from $0.96 a year ago. The result? Shares climbed 2% in pre-market trading, and investors are taking notice. CEO Dev Ittycheria didn't hold back, calling MongoDB the future of app development, especially as AI reshapes the tech landscape.
What's driving the buzz? MongoDB 8.0 is now live, packing over 45 upgrades that supercharge performance, scalability, and security. Partnerships with cloud titans AWS (AMZN, Financial) and Microsoft (MSFT, Financial) are growing fast, and their AI Applications Program (MAAP) is pulling in big names like IBM (IBM, Financial) and Capgemini. Add in their AI-specific tools and legacy app modernization push, and you've got a company primed to be a cornerstone of the new AI tech stack. With Dev at the helm, MongoDB is showing it knows how to ride the AI wave—and lead it.
Looking ahead, MongoDB is guiding for $515–$519 million in Q4 revenue, reflecting its confidence in staying hot. Sure, CFO Michael Gordon is stepping down soon, but with nearly 50x revenue growth since the IPO, this isn't a company that stumbles. With AI exploding and MongoDB firmly positioned to capitalize, this isn't just a win—it's a playbook on how to dominate the future of data-driven innovation.
