MongoDB Q2 Revenue Jumps 30%, Raises FY27 Guidance on Atlas Strength
MDB sits 79% above its 52-week low of $215.68.
Summary
MongoDB reported Q2 FY2027 revenue of $771.8 million, up 30% year-over-year, with GAAP net income of $40.9 million. The company raised full-year guidance on strong Atlas growth and expanding operating margins.
Key Events · Earnings and Guidance · MDB
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Q2 Revenue Up 30% to $771.8M
Total revenue grew 30% year-over-year to $771.8 million, the highest growth rate in several years. Atlas revenue rose approximately 29% and Enterprise Advanced & other revenue rose approximately 36%.
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GAAP Profitability Continues
GAAP net income was $40.9 million ($0.50 per diluted share), the third consecutive quarter of GAAP profitability. Non-GAAP net income was $162.6 million ($1.90 per share), up from $87.2 million a year ago.
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Full-Year Guidance Raised
FY2027 revenue guidance raised to $2.99-$3.03 billion with non-GAAP EPS of $6.39-$6.58. Q3 FY2027 guidance set at $756-$761 million revenue and $1.57-$1.61 non-GAAP EPS.
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RPO Surges 91% to $1.52B
Remaining performance obligations reached $1,519.2 million, up 91% year-over-year, while current RPO grew 73% to $797.3 million, indicating strong future revenue visibility.
Analysis · MDB · Technology
MongoDB delivered its strongest revenue growth in several years at 30% year-over-year, reaching $771.8 million in Q2 FY2027. The company swung to GAAP profitability for the third consecutive quarter with net income of $40.9 million, while non-GAAP operating margin expanded to 24% from 15% a year ago. Management raised full-year guidance to $2.99-$3.03 billion in revenue and $6.39-$6.58 in non-GAAP EPS, driven primarily by Atlas cloud database momentum. RPO surged 91% year-over-year to $1.52 billion, signaling strong future revenue visibility. Free cash flow nearly doubled to $137.6 million, giving the company ample liquidity with $2.4 billion in cash and investments.
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At the time of this filing, MDB was trading at $385.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $34.9B. The 52-week trading range was $215.68 to $473.10. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.