MongoDB Stock Drops 20% Following Weak Fiscal 2026 Guidance

Despite strong Q4 earnings, MongoDB's slower growth projections and cautious outlook led to a significant sell-off.

MongoDB reported Q4 earnings of $1.28 per share on $548.4 million in revenue, surpassing analyst expectations of $0.66 per share and $521 million in revenue.
The company projected fiscal 2026 revenue growth of 12.7%, its slowest since going public in 2017, with revenue guidance of $2.24 to $2.28 billion below analyst expectations of $2.32 billion.
MongoDB's Atlas cloud-based database service is experiencing slower-than-expected growth in new applications, contributing to the lower guidance.
Shares of MongoDB fell 20%, marking the second consecutive earnings-related sell-off, and hit their lowest levels since April 2023.
Analysts remain divided, with some lowering price targets and ratings, while others maintain optimism about long-term growth opportunities driven by AI demand.