The cloud-native database specialist showed its artificial intelligence (AI) strategy is paying dividends.

Shares of MongoDB ( MDB 35.98% ) charged sharply higher on Wednesday, surging as much as 34.3%. As of 11:47 a.m. ET, the stock is still up 34%.

The catalyst that drove the database-as-a-service provider higher was the company's financial results, which were far better than even the most bullish forecast.

Blowing past expectations

For its fiscal 2026 second quarter (ended Jul. 31), MongoDB delivered revenue of $591.4 million, up 24% year over year, signaling that its strategy to address the booming demand for artificial intelligence (AI) is paying off. As a result, the company delivered adjusted earnings per share (EPS) of $1.00, compared to a loss per share of $0.70

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