Q3 2026 MongoDB Inc Earnings Call Transcript
Key Points
- MongoDB Inc (MDB) reported strong Atlas performance with a 30% year-over-year growth, accelerating from previous quarters.
- Total revenue reached $628 million, marking a 19% increase year-over-year and surpassing the high end of guidance.
- The company added over 2,600 new customers in the quarter, reflecting a 65% growth in customer additions year-to-date.
- MongoDB Inc (MDB) delivered a non-GAAP operating income of $123 million, achieving a 20% non-GAAP operating margin.
- The company is well-positioned to capitalize on AI opportunities, with significant traction among AI-native companies and large enterprises.
- Gross margin declined to 74% from 77% in the previous year, primarily due to Atlas growing as a percentage of the overall business.
- Despite strong performance, the company faces risks and uncertainties related to market conditions and operational execution.
- There is still significant room for MongoDB Inc (MDB) to broaden its footprint within the enterprise, indicating untapped potential.
- The AI wave has not yet meaningfully impacted results, suggesting that the full benefits of AI integration are still forthcoming.
- MongoDB Inc (MDB) continues to face competition from other database solutions, particularly in the AI and cloud transformation space.
Good day, and thank you for standing by. Welcome to the MongoDB third-quarter fiscal year 2026 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to turn the conference over to your speaker for today, Jess Lubert, VP of Investor Relations. Please go ahead.
Thank you, operator. Good afternoon, and thank you for joining us today to review MongoDB's third-quarter fiscal 2026 financial results, which we announced in our press release issued after the close of market today.
Joining me on the call today are CJ Desai, President and CEO of MongoDB; and Mike Berry, CFO of MongoDB. Following our prepared remarks, Dev Ittycheria, MongoDB's former President and CEO and current member of the Board will join us for Q&A.
During this call, we will make forward-looking statements, including statements related to our market and future growth opportunities. Our opportunity to win new business, our
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