MongoDB (MDB) has announced a significant leadership transition, appointing Cloudflare executive Chirantan Desai as its new Chief Executive Officer, effective November 10. Desai will succeed long-time CEO Dev Ittycheria, who is retiring from a full-time operating role after leading the company for 11 years.
Following the news, MongoDB’s stock surged nearly 9% in premarket trading, reflecting investor confidence in the company’s future under Desai’s leadership. Ittycheria will continue to support the company as a board member and advisor to Desai, ensuring a smooth transition and continuity in the company’s strategic direction.
The company also provided a positive outlook on its financial performance, with preliminary unaudited results for Q3 FY2026 expected to exceed the high end of guidance for revenue, non-GAAP income from operations, and non-GAAP EPS, driven by the strength of its Atlas platform. MongoDB is set to report final Q3 FY2026 results on December 1, 2025, with an investor call and webcast scheduled for November 3, 2025, at 10:00 a.m. ET.
Desai’s appointment as the new CEO marks a significant milestone for MongoDB, as the company looks to capitalize on its recent successes and continue its growth trajectory in the competitive tech industry. Investors are closely monitoring MongoDB’s performance, especially after the stock hit a 52-week high at $385.38, showcasing a remarkable 34.57% increase over the past year. The company’s revenue has also seen a substantial 21.9% growth in the last twelve months, driven by the increasing demand for its cloud-based services and strategic partnerships.
