Should you consider including MongoDB shares in your investment portfolio before the fourth quarter earnings report?

MongoDB Set to Announce Q4 Fiscal 2026 Results

MongoDB (MDB) will release its fourth-quarter fiscal 2026 financial results on March 2.

Expected Financial Performance for Q4

For the upcoming quarter, MongoDB forecasts revenue between $665 million and $670 million, representing a year-over-year increase of approximately 21.7% at the midpoint. The company anticipates non-GAAP earnings per share to fall between $1.44 and $1.48, marking a 14.1% rise compared to the same period last year. Non-GAAP operating income is projected to be in the range of $139 million to $143 million.

According to Zacks Consensus Estimates, revenue is expected to reach $668.19 million, up 21.84% from the previous year's quarter. Earnings per share are estimated at $1.47, reflecting a 14.84% improvement year over year.

Review of MDB’s Earnings Surprises

MongoDB has consistently surpassed earnings expectations in each of the last four quarters, delivering an average surprise of 69.3%.

As the next earnings announcement approaches, investors are watching closely to see if this trend continues.

Price and EPS Surprise Overview

Will MDB Beat Earnings Again?

Current models suggest MongoDB is likely to deliver another earnings beat. The combination of a positive Earnings ESP and a strong Zacks Rank (#1, #2, or #3) increases the probability of exceeding expectations. At present, MDB holds an Earnings ESP of +0.05% and a Zacks Rank #1. For a full list of top-ranked stocks, see today’s Zacks #1 Rank stocks.

Key Drivers for Q4 Results

MongoDB entered the fourth quarter with momentum, having raised its revenue and operating income guidance after a strong third quarter. Growth in Atlas, the company’s managed multi-cloud database platform, continues to be a primary catalyst, with consensus estimates predicting Atlas revenue to climb 27.24% year over year.

Enterprise demand remains robust, especially among large clients in sectors such as finance, healthcare, and manufacturing, who increasingly rely on Atlas for critical workloads. The integration of AI models via Voyage AI into Atlas has further boosted engagement, as businesses transition AI projects from pilot to production, fueling Atlas consumption. The number of customers generating over $100,000 in revenue is expected to reach 2,786, up 16.3% from last year.

MongoDB’s expanding network of partners is also driving growth. Collaborations with Microsoft (MSFT) for AI development and governance have strengthened MongoDB’s presence among Azure enterprise clients. Integration with Amazon (AMZN) through AWS marketplace has extended Atlas’s reach to cloud-native workloads, while partnerships with Snowflake (SNOW) have enhanced data pipeline solutions for joint customers. These alliances have accelerated deal flow and improved customer acquisition.

Atlas Vector Search is gaining traction as enterprises invest in retrieval-augmented generation architectures. By combining operational data, vector search, and Voyage AI embeddings in one platform, MongoDB offers a unique solution that eliminates the need for multiple tools. Strong performance in EMEA and several large, multi-year deals outside of Atlas have also contributed to overall growth.

Stock Performance and Valuation

Over the past six months, MongoDB shares have climbed 43.1%, outperforming the Zacks Internet-Software industry, which declined by 23.8%, and the Zacks Computer and Technology sector, which saw a 9.2% gain. This strong performance is attributed to rapid Atlas growth, consistent earnings beats, and MongoDB’s increasing importance as enterprises seek flexible, AI-ready database solutions.

MDB’s Recent Price Performance

Image Source: Zacks Investment Research

Currently, MDB trades at a forward 12-month Price/Sales ratio of 8.56, compared to the industry average of 3.74. This premium is supported by Atlas’s sustained above-market growth, Voyage AI’s advanced retrieval capabilities, and strategic partnerships with Microsoft, Amazon, and Snowflake, which have expanded MongoDB’s enterprise reach.

MDB’s Valuation Snapshot

Image Source: Zacks Investment Research

Final Thoughts

MongoDB stands out as an attractive investment ahead of its fiscal fourth-quarter report. Atlas continues to deliver robust growth, Voyage AI enhances MongoDB’s competitive edge, and strategic partnerships with Microsoft, Amazon, and Snowflake are expanding its presence in the enterprise market. With increasing consumption and deeper relationships across regulated industries, MDB offers investors a promising opportunity as a foundational data platform in the AI era.

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