MongoDB (MDB) Q2 earnings report 2025

MongoDB shares jumped as a lot as 16% in prolonged buying and selling on Thursday after the database software program maker reported wholesome fiscal second-quarter earnings and pushed up full-year steering.

Here is how the corporate did in opposition to LSEG consensus:

• Earnings per share: 70 cents adjusted vs. 49 cents anticipated
• Income: $478.1 million vs. $464.1 million

MongoDB’s income grew 13% 12 months over 12 months within the quarter that ended July 31, in line with a assertion. The quarter’s internet loss got here to $54.5 million, or 74 cents per share, in contrast with $37.6 million, or 53 cents per share, in the identical quarter a 12 months in the past.

“We consider we’re extremely nicely positioned to assist prospects incorporate generative AI into their enterprise and modernize their legacy software property,” CEO Dev Ittycheria mentioned within the assertion.

The corporate’s Atlas cloud database service loved modestly higher consumption than anticipated, he mentioned on a convention name with analysts.

Within the fiscal first quarter, Atlas consumption development slowed as purchasers noticed tougher financial situations, and utilization within the fiscal second quarter implied that the local weather didn’t change, Ittycheria mentioned.

“We usually haven’t seen the macro surroundings impression our potential to win new enterprise, and that was true in Q2 as nicely,” Ittycheria mentioned. “We realized that that is totally different from what you hear from another software program distributors.”

On Thursday Ash Kulkarni, CEO of search software program maker Elastic, mentioned the quantity of shopper commitments it closed in its fiscal first quarter was beneath plan. That inventory was down 23% after hours. Through the MongoDB name, Ittycheria talked about serving to corporations migrate from Elastic merchandise.

With respect to steering, MongoDB referred to as for fiscal third-quarter adjusted earnings of 65 to 68 cents per share on $493.0 million to $497.0 million in income. Analysts surveyed by LSEG had anticipated 60 cents in adjusted earnings per share on $478.8 million in income.

Administration nudged up their fiscal 2025 forecast. MongoDB now sees $2.33 to $2.47 per share in adjusted earnings, with $1.92 billion to $1.93 billion in income. That is up from the Might steering of $2.15 to $2.30 in adjusted earnings per share and $1.88 billion to $1.90 billion in income. Analysts had predicted $2.26 per share in adjusted earnings, together with $1.90 billion in income.

Excluding the after-hours transfer, MongoDB shares had been down virtually 40% on the 12 months, whereas the S&P 500 index has gained 17% in the identical interval.

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