MongoDB revenue jumps 30% to $771.8M as Atlas drives guidance raise

MongoDB Inc. reported second-quarter fiscal 2027 revenue of $771.8 million, up 30 percent year over year and above the $734.4 million consensus, as Atlas-led demand pushed the database company to raise its full-year outlook.

"We delivered strong second quarter results, highlighted by 30% year-over-year revenue growth—the highest level of growth in several years—and continued strong profitability," CJ Desai, president and chief executive officer of MongoDB, said. "This gives us the confidence to raise our full year fiscal 2027 guidance."

Atlas-related revenue reached $565.9 million, up about 29 percent year over year, while Enterprise Advanced and other revenue climbed about 36 percent to $181.2 million. Subscription revenue rose 31 percent to $747.1 million, and services revenue gained 29 percent to $24.6 million. Non-GAAP net income came in at $162.6 million, or $1.90 per fully diluted share, versus $1.00 a year earlier and above the $1.609 consensus.

Metric	Actual	Consensus	Beat/Miss
Revenue	$771.8M	$734.4M	+5.1%
Non-GAAP EPS	$1.90	$1.609	+$0.29
Atlas revenue	$565.9M	~$560M	+~1%

Non-GAAP operating margin expanded to 24 percent from 15 percent a year earlier, with non-GAAP income from operations of $185.9 million. GAAP net income was $40.9 million, or $0.50 per diluted share, the company's third consecutive quarter of GAAP profitability. Free cash flow nearly doubled to $137.6 million, and cash and investments totaled $2.4 billion.

Remaining performance obligations jumped 91 percent to $1.52 billion, with current RPO up 73 percent to $797.3 million, a forward indicator of subscription demand. Total customers reached 70,600, including 69,300 Atlas customers and 2,999 customers with annualized recurring revenue above $100,000.

MongoDB raised full-year fiscal 2027 guidance to revenue of $2.99 billion to $3.03 billion, with non-GAAP operating income of $616.3 million to $636.3 million and non-GAAP EPS of $6.39 to $6.58. The company attributed the second-half raise mainly to Atlas. For the third quarter, it guided revenue of $756 million to $761 million and non-GAAP EPS of $1.57 to $1.61.

Shares fell 4.76 percent to $431.79 after the release, paring a session peak gain of 17.8 percent, with trading volume at 1.7 times the average. The stock had climbed 34.34 percent in the month before the print, leaving little room for disappointment. MongoDB's earnings history shows a 10.76 percent average move on report days, with four of the past five quarters producing positive 24-hour reactions.

The guidance raise signals management expects Atlas consumption and AI-driven workloads to keep accelerating into the second half. Investors will watch the earnings call at 5 p.m. Eastern for updated commentary on Atlas growth, Enterprise Advanced deal timing, and the Clarity acquisition's contribution.

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