"Speaking to investment analysts, he said that while MongoDB had all the elements needed to be the right foundational platform for AI workloads, it was too early to say what might be the platform of choice. However, he said MongoDB had been winning work from AI-native companies, citing a customer that recently "switched from PostgreSQL to MongoDB because PostgreSQL could not just scale.""
"MongoDB enjoyed a 23% spike in its share price on Tuesday morning after it beat investor forecasts and offered guidance above expectations for the period, which was the third quarter of its 2026 fiscal year. Revenue hit $628.3 million in Q3 FY 2026, up 19 percent on the same period last year. Losses from operations narrowed to $18.4 million from $27.9 million in the year-ago period."
Chirantan Desai said MongoDB possesses elements needed to serve as a foundational platform for AI workloads but that a definitive platform choice is still uncertain. He said MongoDB is winning business from AI-native firms and cited a customer that switched from PostgreSQL because PostgreSQL could not scale. MongoDB reported Q3 FY2026 revenue of $628.3 million, a 19% increase year-over-year, and reduced operating losses to $18.4 million. The share price rose 23% after beating forecasts and issuing strong guidance. PostgreSQL has grown in popularity among developers and overtook MongoDB in DB-Engines ranking in 2016.
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