MongoDB (MDB) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.90
- Estimate
- $1.61
- Surprise
- +18.1%
- Revenue (period 2026-07-31)
- $771.8M
- Score at report (before → after)
- 5.9 → 5.9/10
Revenue source: xbrl.
How the report landed
MongoDB (MDB) beat the $1.61 estimate with diluted EPS of $1.90 — a large 18.1% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.9/10) to Hold at 5.9/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MDB Hold at 6.2/10.
4 of the last 4 quarters beat the estimate; this quarter's +18.1% surprise compares with a +27.0% four-quarter average. Next scheduled report: 2026-12-01.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive news sentiment (+0.73)
What argues against it
- Concentration risk — Product: Atlas (cloud DBaaS) (73.0%)
- Thin upside margin: 9.8%
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $379.62
- Price target
- $417.60
- Stop
- $354.92
- Upside to target
- +10.0%
- Reward-to-risk
- 0.8:1
The stock trades at 526.6× trailing but 49.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
MDB at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $30.92B
- P/E (fwd)
- 49.5
- P/E (ttm)
- 526.6
- 52-week range
- $215.68–$473.10
- Off 52-week high
- 19.8%
- RSI (14)
- 36
- Volume vs avg
- 0.39×
- Score today
- 6.2/10