MongoDB beats Q2 estimates but stock falls over 12% after hours
MongoDB reported Q2 earnings with revenue of $771.77M versus $734.4M expected and EPS of $1.90 versus $1.61 expected, while raising FY27 guidance to $3.01B revenue. Despite the beat-and-raise, the stock fell more than 12% in after-hours trading, partly attributed to operating expenses rising 12% on AI and infrastructure investments.
Detected & updated continuously · Source: Nebula
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@stocksnipa
MongoDB $MDB just reported earnings🍃 Revenue: $771.77M Vs $734.4M EST EPS: $1.90 Vs $1.61 EST https://t.co/5COvAVLaaW
@StockSavvyShay
$MDB Q2 EARNINGS • Revenue $772M vs Est. $734M • EPS $1.90 vs Est. $1.61 • RPO: $1.52B (+91% YoY) • Atlas Revenue: $566M (+29% YoY) FY27 Guidance • Revenue $3.01B vs Est. $2.96B • EPS $6.49 vs Est. $6.13 https://t.co/sisqYasMKe
@StockMKTNewz
MongoDB $MDB stock is down by more than 12% in after hours following its earnings 🔴 https://t.co/Ty6fQgHA5s
@schaeffers
AI is a double-edged sword for MongoDB $MDB right now. It's helping drive database demand... But AI & infrastructure investments also helped push operating expenses 12% higher, weighing on shares despite another beat-and-raise quarter. Growth has a cost.