$MongoDB Inc.(MDB)$ This quarter's (FY2026 Q2) performance was outstanding: Revenue and EPS both exceeded expectations, with full-year guidance raised. Core cloud product Atlas accelerated to +29% YoY growth, increasing its revenue share to 74% as the revenue mix continues to improve. Non-GAAP gross margin remained flat, while non-GAAP operating margin saw a slight sequential dipâattributable to increased investmentsâyet showed significant year-over-year improvement.At the market level, the stock surged over 30% following the earnings release, reflecting strong market confidence and expectations for recovery. This demonstrates that the market's previous anticipation of sustainable demand driven by AI software applications and modern workloads is no
SNOW +12%; CRWD Dips - SaaS for AI, Pick Company or $IGV?
Snowflake earned 35 cents per share, after adjustments, on revenue of $1.14 billion, above the profit of 27 cents per share and $1.09 billion in revenue that analysts were expecting. Its third-quarter guidance was also upbeat. While second-quarter results topped Street estimates, CrowdStrike said third-quarter revenue would total $1.21 billion to $1.22 billion, lower than the LSEG consensus estimate of $1.23 billion. --------- Is SaaS too complicated too pick? Will you consider $IGV - the saas etf? How do you view SNOW earnings?
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