MongoDB Faces Significant Stock Drop Following Revenue Forecast Adjustment

The database provider's shares fell over 20% after lowering its financial guidance for fiscal 2025, despite surpassing Q1 earnings expectations.

MongoDB's Q1 revenue of $450.6 million exceeded analyst expectations but growth slowed for the third consecutive quarter.
The company adjusted its full-year revenue forecast to $1.88-$1.90 billion, down from previous estimates of $1.90-$1.93 billion.
CEO Dev Ittycheria cited slower-than-expected Atlas consumption and new workload wins as primary reasons for the revised guidance.
MongoDB's stock dropped more than 20% in premarket trading, hitting key support levels on technical charts.
The company is focusing on higher quality workloads and adjusting sales incentives to boost future growth.