MongoDB (MDB, Financials) shares fell 22.8% to $203.94 as of 12:15 p.m. GMT-5 on Thursday, after the company issued a weaker-than-expected fiscal 2026 outlook despite surpassing fourth-quarter earnings estimates.
Reported adjusted profits per share of $1.28 by the database management business over double the consensus forecast of $0.67. Revenue came to $548.4 million, more than the projection of $525.84 million.
With a midpoint of $526.5 million, just below the $527.3 million consensus forecast, MongoDB projects income between $ 525 million and $ 529 million for the first quarter of fiscal 2026. Ahead of the $0.62 projection, the quarter's projected EPS is between $0.63 and $0.67; the middle is $0.65.
Missing the average prediction of $2.33 billion, MongoDB expects income for the whole fiscal year between $2.24 billion and $2.28 billion. The business projects full-year EPS between $2.44 and $2.62, also below the $3.38 expectation.
MongoDB enables artificial intelligence uses and excels in database management across many platforms. The business bought Voyage AI last month; it specializes in embedding and re-ranking models for AI-powered usage.
By means of enhanced retrieval models, semantic search capabilities, and real-time data processing, integration of Voyage AI will improve MongoDB's capacity to ease AI-powered application development, CEO Dev Ittycheria remarked.
