TLDR
- MongoDB (MDB) stock dropped 24% in after-hours trading despite beating Q4 earnings estimates
- Q4 adjusted EPS came in at $1.65, beating the $1.48 estimate; revenue of $695M beat the $670M estimate
- Q1 guidance disappointed, with EPS projected at $1.15–$1.19 vs. analyst estimate of $1.20
- Two senior sales leaders — the president of field operations and chief revenue officer — are departing
- Full-year EPS guidance of $5.75–$5.93 came in above the $5.69 analyst consensus
MongoDB beat Q4 earnings expectations, but the market wasn’t impressed. The stock fell 24% in after-hours trading on Monday after the company’s Q1 guidance came in light and two senior sales leaders announced their departure.
MongoDB, $MDB, Q4-26.
Rule of 40 delivered.
📊 Adj. EPS: $1.65 🟢
💰 Revenue: $695.1M 🟢
📈 Net Income: $15.53MRevenue +27% YoY with 23% non-GAAP operating margin.
Atlas +29% YoY, platform momentum accelerating. pic.twitter.com/GoQfOynDwj— EarningsTime (@Earnings_Time) March 2, 2026
The Q4 numbers were solid. Revenue came in at $695.1 million, up 27% year-over-year and ahead of the $670.1 million consensus estimate. Adjusted EPS of $1.65 beat the $1.48 Wall Street estimate and was up from $1.28 a year earlier.
CEO CJ Desai called it a strong quarter, pointing to “broad-based demand across our product lines.”
But the forward guidance told a different story. For Q1, MongoDB expects adjusted EPS of $1.15 to $1.19, falling short of the $1.20 analyst estimate. Revenue guidance of $659 million to $664 million came in roughly in line with the $662 million consensus.
The stock slid to $247.30 in extended trading.
Leadership Departures Add to Investor Concern
Two high-profile exits added pressure. Cedric Pech, president of field operations, and Paul Capombassis, chief revenue officer, are both leaving the company. MongoDB described the moves as a “planned” transition.
Erica Volini is stepping in as chief customer officer, effective March 3. The company said she brings experience with large enterprise customers and partner-led growth.
Investor nerves around sales leadership changes at a software company are understandable — these are the people responsible for driving revenue.
Atlas Growth and AI Outlook
CFO Mike Berry addressed the Atlas segment, MongoDB’s multicloud database product. He expects Atlas to grow 21% to 23% this fiscal year and expressed “continued confidence” in the business.
But Berry flagged a visibility issue. Because MongoDB charges based on software consumption, forecasting gets harder in the back half of the fiscal year.
On the non-Atlas side, which covers self-managed commercial database products, Berry said recent trends have been “healthy.” The company said it will only include deals in its forecast that have closed or have a high probability of closing.
CEO Desai was candid about AI. “AI is not yet a material driver to our results,” he said, while noting that some customers are using MongoDB for AI-powered search and agentic workloads.
For the full fiscal year, MongoDB is targeting $2.86 billion to $2.9 billion in revenue. Analysts had modeled $2.9 billion. Full-year adjusted EPS guidance of $5.75 to $5.93 did come in above the $5.69 consensus.
Prior to Monday’s drop, MDB had risen 25% over the past 12 months. The stock had already fallen 23% in 2026 before the after-hours move.
Erica Volini officially joined as chief customer officer on March 3, 2026.
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