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MongoDB Is Targeting AI-Native Developers—Will This West Coast Bet Pay Off at Scale?

MongoDB reported strong financial performance for the third quarter of fiscal year 2026. The company achieved total revenue of $628.3 million, reflecting a 19% year-over-year growth, surpassing the high end of its guidance. This impressive performance was primarily driven by the strength of Atlas, MongoDB’s cloud-based database platform, which saw its year-over-year growth accelerate to 30%, compared to 29% in the previous quarter. Atlas now represents 75% of MongoDB’s total revenue, supported by strong consumption growth and broad-based demand, particularly from large customers in the U.S. and EMEA regions. MongoDB added approximately 2,600 customers in the quarter, bringing its total customer base to over 62,500, marking a 65% increase in customer additions year-to-date. The company’s net ARR expansion rate increased to 120% in the third quarter, indicating robust growth among existing customers.