MongoDB Stock Plunges After Soft Q1 Outlook and Sales Leadership Shake-Up

Investors balked at softer Q1 EPS guidance, reflecting reduced visibility from the company’s consumption-based model.

Overview

Shares fell about 24% after-hours and were recently down roughly 21% near $258 following the report.
MongoDB beat fiscal Q4 expectations with revenue of $695.1 million and adjusted EPS of $1.65, both above consensus.
The company guided Q1 adjusted EPS to $1.15–$1.19, slightly below estimates, with revenue of $659–$664 million roughly in line.
Full-year guidance calls for $2.86–$2.90 billion in revenue and adjusted EPS of $5.75–$5.93, with EPS above Street forecasts.
Sales leaders Cedric Pech and Paul Capombassis are departing in what MongoDB called a planned transition, and Erica Volini assumed the chief customer officer role on March 3 as management projected Atlas growth of 21%–23% and noted AI is not yet a material revenue driver.