MongoDB Reports Strong Q2 FY27 Results, Beats Expectations and Raises Full-Year Guidance

MongoDB, Inc. ($MDB) Q2 Fiscal 2027 Earnings Summary

Key Financial Highlights

• Total Revenue: $771.8 million, up 30% year-over-year.
  • Subscription Revenue: $747.1 million (+31% YoY).
  • Services Revenue: $24.6 million (+29% YoY).
  • Atlas Revenue: Grew approximately 29% year-over-year.
  • Enterprise Advanced (EA) & Other: Grew approximately 36% year-over-year.
• Operating Income:
  • GAAP Operating Income of $28.4 million compared to a loss of $(65.3) million in Q2 FY26.
  • Non-GAAP Operating Income of $185.9 million (24% operating margin), up from $86.8 million (15% margin) in the prior-year period.
• Net Income & EPS:
  • GAAP Net Income: $40.9 million ($0.50 diluted EPS), marking the company's third consecutive quarter of GAAP profitability.
  • Non-GAAP Net Income: $162.6 million ($1.90 diluted EPS) compared to $87.2 million ($1.00 diluted EPS) in Q2 FY26.
• Cash Flow & Balance Sheet:
  • Cash flow from operations: $141.9 million.
  • Free cash flow: $137.6 million, up significantly from $69.9 million in Q2 FY26.
  • Cash, cash equivalents, short-term investments, and restricted cash totaled $2.4 billion as of July 31, 2026.
• Remaining Performance Obligations (RPO): $1,519.2 million (+91% YoY); Current RPO reached $797.3 million (+73% YoY).

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Guidance Outlook

• Q3 Fiscal 2027:
  • Revenue: $756.0 million to $761.0 million.
  • Non-GAAP Operating Income: $152.0 million to $156.0 million.
  • Non-GAAP EPS: $1.57 to $1.61.
• Full Year Fiscal 2027 (Raised):
  • Revenue: $2.99 billion to $3.03 billion.
  • Non-GAAP Operating Income: $616.3 million to $636.3 million.
  • Non-GAAP EPS: $6.39 to $6.58.