Earnings Movers | Did AI demand drive $MDB shares up 22.23%?
1. $MongoDB Inc.(MDB)$ soared 22.23%
Q3 Revenue: $628M, vs. $592M expected (+6.1% beat)
Adjusted EPS: $1.32, vs. $0.80 expected (+65.0% beat)
Outlook: Q4 Revenue raised to $665M–$670M (above consensus), Q4 Adjusted EPS: $1.44–$1.48; FY26 Revenue raised to $2.43B–$2.44B, supported by steady cloud-data demand and increased AI-workload adoption.
Shares jumped as MongoDB delivered a major earnings beat and raised guidance as its cloud database platform gained traction with customers, signaling strong momentum despite a tough software environment.
New CEO CJ Desai said MongoDB is hitting a “once-in-a-lifetime” inflection point driven by AI, cloud, and data trends. He emphasized strong go-to-market execution and broad-based demand.
2. $Credo Technology Group Holding Ltd(CRDO)$ spiked 10.12%
Q2 Revenue: $268.0M, vs. $234.99M expected (+14.1% beat)
Adjusted EPS: $0.67, vs. $0.49 expected (+36.7% beat)
Outlook: Q3 Revenue is expected to be between $335million and $345million. Gross margin is expected to be between 63.8% and 65.8%, and operating expenses are expected to be between 116million and 120million.
Shares jumped as Credo delivered blowout top- and bottom-line results and issued a sharply higher-than-expected revenue outlook. Revenue surged 272% YoY and 20% QoQ, the strongest quarter in company history. Demand remained robust from AI training and inference clusters.
CEO Bill Brennan said results reflect the global build-out of the world’s largest AI compute clusters. He highlighted ongoing strength in AEC and IC product lines and upcoming ramps in ZeroFlap Optics, ALCs, and OmniConnect gearboxes, supporting sustained revenue growth and profitability through FY26 and beyond.
3. $Pure Storage(PSTG)$ dropped 10.26%
Q3 Revenue: $964.5M, vs. $955.03M expected (+1.0% beat)
EPS: $0.58, vs. $0.58 expected (in line)
Outlook: Q4 revenue $1.02B–$1.04B (+17.1% YoY); full-year FY2026 revenue $3.63B–$3.64B (+14.7% YoY); continued investments in R&D and sales to support growth
Pure Storage shares moved sharply after its Q3 results, rising on revenue beats and strong guidance but falling 10% post-market as GAAP EPS of $0.16 missed the $0.24 estimate, raising concerns about earnings quality despite solid revenue and adjusted EPS.
CEO Charlie Giancarlo: "Data is now becoming the primary engine that’s going to drive economic growth… As Kubernetes extends beyond virtualization to power modern applications and AI workloads, Portworx’s role continues to grow."
4. $Marvell Technology(MRVL)$ rose 1.96%
Q3 Revenue: $2.08B, vs. $2.07B expected (+0.5% beat)
EPS: $0.76, vs. $0.74 expected (+2.7% beat)
Outlook: Marvell expected Q4 revenue to be $2.2 billion, plus or minus 5%, which is in line with the $2.2 billion analysts were modeling. FY2027 revenue projected to approach $10 billion, with data center revenue expected to grow 25%.
Marvell’s stock price increased after the company gave an upbeat outlook for its data business. This positive movement reflects investor confidence in the company’s growth strategy and its ability to exceed earnings expectations.
CEO Matt Murphy: "We are positioned for several years of exceptional performance, building on this fiscal year’s projected revenue growth of more than 40%. We are everywhere in the AI rack, and we are just getting started."
5. $CrowdStrike Holdings, Inc.(CRWD)$ rallied 2.46%
Q3 Revenue: $1.23B, vs. $1.21B expected (+1.7% beat)
EPS: $0.96, vs. $0.94 expected (+2.1% beat)
Outlook: Q4 revenue $1.29B–$1.3B; full-year FY2026 revenue $4.797B–$4.807B; focus on AI-driven security solutions with >20% net new ARR growth expected in FY2027.
CrowdStrike stock moved higher after the company posted strong Q3 results and reported sharp gains in recurring revenue. The trading session closed with a 2.46% increase as the company showed solid operational momentum.
George Kurtz, CEO of CrowdStrike, emphasized the importance of AI in cybersecurity, stating, "AI adoption necessitates the right cybersecurity. It necessitates CrowdStrike." He also highlighted the company’s outcome-driven approach, saying, "We’re not selling products. We’re delivering outcomes."
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