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MongoDB Gains 31 Upward EPS Revisions Following Strong Q1 Atlas and AI Adoption
- MongoDB secured 31 upward EPS revisions from analysts after reporting first-quarter earnings that beat expectations.
- Current-year consensus EPS increased to $6.13 from $5.84 thirty days ago, coinciding with robust Atlas cloud adoption.
- The revision pattern reflects strong enterprise demand for MongoDB's Atlas platform and emerging AI workload adoption.
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Conclusion
31 upward revisions; current-year consensus EPS of $6.13 vs. $5.84 thirty days ago; next-year consensus of $7.34 vs. $7.05 thirty days ago. Q1 revenue of $687.6 million beat consensus by 3.5%, with non-GAAP EPS of $1.32 beating consensus by 11.5%. Atlas revenue grew 29% year-over-year. Management cited robust Atlas adoption and emerging AI opportunities as key drivers of results.