MongoDB (MDB) reported total revenue of $695.1 million for the fourth quarter of fiscal 2026. This figure represents a 27% year-over-year increase and surpassed analyst expectations. The company added 2,700 new customers during the quarter. Shares saw a brief initial uptick following the March 2, 2026, announcement.
The stock subsequently crashed 22% after management issued weak guidance for fiscal year 2027. MongoDB projects revenue growth between 16% and 18% for the upcoming year. This forecast marks a significant deceleration from the 27% growth reported in the most recent quarter.
Investor sentiment further soured following the concurrent departure of two senior executives. The company’s president of field operations and chief revenue officer both announced their exits. These leadership changes and the slowing growth outlook have increased concerns regarding future sales execution.