MongoDB (MDB) · Software
MongoDB Q2 FY2027 earnings: summary, key numbers & outlook
Results filed 1 Sep 2026 · Quarter ended 31 Jul 2026
Press release ↗Investor relations ↗
Summaries and transcripts are machine-generated and can contain errors.
In brief
Second quarter fiscal 2027 total revenue of $771.8 million, up 30% year-over-year, with net income of $40.9 million, or $0.50 per share, and free cash flow of $137.6 million.
MongoDB's revenue was $771.8 million in the second quarter of fiscal 2027, up 30% from a year ago. Management called this the highest growth in several years. Atlas, its cloud database service, grew approximately 29%, and Enterprise Advanced and other revenue grew approximately 36%. The company swung to GAAP net income of $40.9 million from a net loss of $47.0 million a year earlier. Non-GAAP operating margin rose to 24% from 15%, and free cash flow reached $137.6 million.
Management raised its full-year fiscal 2027 revenue outlook to $2.99 billion to $3.03 billion, with the second-half raise coming mainly from Atlas. For the third quarter it expects revenue of $756 million to $761 million, which is below the second quarter's $771.8 million. The main tension is how much of the recent growth continues, since the near-term guide implies a step down from this quarter. Management also faces competitive and market-development risks around AI-related data infrastructure.
Key numbers
- Total revenue · GAAP
- $771.8 million
- Net income · GAAP
- $40.9 million
- Diluted EPS · GAAP
- $0.50
- Non-GAAP EPS (fully diluted) · non-GAAP
- $1.90
- Gross margin · GAAP
- 74%
- Income from operations · GAAP
- $28.4 million
- Non-GAAP income from operations · non-GAAP
- $185.9 million
- Non-GAAP operating margin · non-GAAP
- 24%
an increase of 30% year-over-year
compares to a net loss of $47.0 million in the year-ago period
compares to a net loss of $0.58 per share in the year-ago period
compares to $1.00 per share in the year-ago period
compared to 71% in the year-ago period
compared to a loss from operations of $65.3 million in the year-ago period
compared to $86.8 million in the year-ago period
up significantly from 15% a year ago
| Segment or metric | Value | Change |
|---|---|---|
| Atlas-related revenue | $565.9M | up approximately 29% year-over-year |
| Enterprise Advanced and other revenue | $181.2M | up approximately 36% year-over-year |
| Subscription revenue | $747.1 million | an increase of 31% year-over-year |
| Remaining performance obligations (RPO) | $1,519.2 million | an increase of 91% year-over-year |
| Current RPO (cRPO) | $797.3 million | an increase of 73% year-over-year |
| Total customers | 70,600 | |
| Customers over $100K ARR | 2,999 | compared with 2,564 at 7/31/2025 |
Where each number comes from
- Total revenue: “Total revenue was $771.8 million for the second quarter of fiscal 2027, an increase of 30% year-over-year.”
- Net income: “Net income was $40.9 million, or $0.50 per share, based on 82.0 million diluted weighted-average shares outstanding, for the second quarter of fiscal 2027.”
- Diluted EPS: “Net income was $40.9 million, or $0.50 per share, based on 82.0 million diluted weighted-average shares outstanding, for the second quarter of fiscal 2027.”
- Non-GAAP EPS (fully diluted): “Non-GAAP net income was $162.6 million, or $1.90 per share, based on 85.8 million fully diluted weighted-average shares outstanding.”
- Gross margin: “Gross profit was $569.8 million for the second quarter of fiscal 2027, representing a 74% gross margin compared to 71% in the year-ago period.”
- Income from operations: “Income from operations was $28.4 million for the second quarter of fiscal 2027, compared to a loss from operations of $65.3 million in the year-ago period.”
- Non-GAAP income from operations: “Non-GAAP income from operations was $185.9 million, compared to non-GAAP income from operations of $86.8 million in the year-ago period.”
- Non-GAAP operating margin: “We delivered a non-GAAP operating margin of 24%, up significantly from 15% a year ago, while free cash flow nearly doubled year-over-year to $137.6 million.”
- Atlas-related revenue: “Atlas-related | $565,916 | $438,970 | $1,078,382 | $834,863 MongoDB Enterprise Advanced and other | 181,231 | 133,385 | 334,903 | 268,947”
- Enterprise Advanced and other revenue: “Atlas-related | $565,916 | $438,970 | $1,078,382 | $834,863 MongoDB Enterprise Advanced and other | 181,231 | 133,385 | 334,903 | 268,947”
- Subscription revenue: “Subscription revenue was $747.1 million, an increase of 31% year-over-year, and services revenue was $24.6 million, an increase of 29% year-over-year.”
- Remaining performance obligations (RPO): “RPO was $1,519.2 million, an increase of 91% year-over-year. Current Remaining Performance Obligations (“cRPO”) was $797.3 million, an increase of 73% year-over-year.”
- Current RPO (cRPO): “RPO was $1,519.2 million, an increase of 91% year-over-year. Current Remaining Performance Obligations (“cRPO”) was $797.3 million, an increase of 73% year-over-year.”
- Total customers: “Millions of developers and more than 70,600 customers across almost every industry—including approximately 75% of the Fortune 100—rely on MongoDB for their most important applications.”
- Customers over $100K ARR: “Customers over $100K(b) | 2,189 | 2,314 | 2,396 | 2,506 | 2,564 | 2,694 | 2,799 | 2,895 | 2,999”
Copied from the press release ↗ and other documents in the SEC filing ↗. A figure is published only if its sentence is in the filing.
| From the filing | Q2 FY2027 | vs year ago | vs last quarter |
|---|---|---|---|
| Revenue | $771.8M | +30.5% | +12.2% |
| Operating income | $28.4M | — | — |
| Net income | $40.9M | — | +823.3% |
| Diluted EPS | $0.50 | — | +900.0% |
| Free cash flow | $139.4M | +94.8% | −30.1% |
| Gross margin | 73.8% | +2.8 pts | +1.6 pts |
| Operating margin | 3.7% | +14.7 pts | +7.3 pts |
Calculated by code from XBRL, not by the model.
Guidance check
| Metric | Outlook given with Q1 FY2027 | Reported | Result |
|---|---|---|---|
| Revenue | $729 million to $734 million | $771.8M | above the range |
| EPS (non-GAAP) | $1.58 to $1.61 | $1.90 | above the range |
Compared with the company's own guidance, not analyst estimates, and only where the outlook and the reported figure are the same measure on the same basis. Ranges are worked out by code from the company's wording. How this works.
Outlook
| Metric | Period | Outlook |
|---|---|---|
| Revenue | third quarter fiscal 2027 | $756 million to $761 million |
| Income (loss) from operations (GAAP) | third quarter fiscal 2027 | $(14.5) million to $(10.5) million |
| Non-GAAP income from operations | third quarter fiscal 2027 | $152.0 million to $156.0 million |
| Net income per share (GAAP) | third quarter fiscal 2027 | $0.00 to $0.05 |
| Non-GAAP net income per share | third quarter fiscal 2027 | $1.57 to $1.61 |
| Revenue | full year fiscal 2027 | $2.99 billion to $3.03 billion |
| Income (loss) from operations (GAAP) | full year fiscal 2027 | $(28.0) million to $(8.0) million |
| Non-GAAP income from operations | full year fiscal 2027 | $616.3 million to $636.3 million |
| Net income per share (GAAP) | full year fiscal 2027 | $0.53 to $0.77 |
| Non-GAAP net income per share | full year fiscal 2027 | $6.39 to $6.58 |
| Long-term non-GAAP tax rate | long-term non-GAAP projection | 20% |
Key takeaways
Revenue growth hit 30%, highest in years
Total revenue was $771.8 million, up 30% year-over-year, which management called the highest level of growth in several years. Atlas grew approximately 29% and EA & other approximately 36%.
Operating leverage drove profitability sharply higher
Non-GAAP operating margin was 24%, up from 15% a year ago, and free cash flow was $137.6 million versus $69.9 million. GAAP net income was $40.9 million versus a net loss of $47.0 million.
Forward bookings jumped faster than revenue
RPO was $1,519.2 million, up 91% year-over-year, and cRPO was $797.3 million, up 73%. Both grew faster than the 30% revenue growth.
Full-year guidance raised, mainly on Atlas
Full-year fiscal 2027 revenue is now expected at $2.99 billion to $3.03 billion, with non-GAAP EPS of $6.39 to $6.58. The release says the second-half raise is mainly due to Atlas.
Third-quarter revenue guide sits below second quarter
Third-quarter revenue is guided to $756 million to $761 million, below the $771.8 million reported in the second quarter. Non-GAAP income from operations is guided to $152.0 million to $156.0 million.
Charts
Fourth quarter worked out from the annual figure.
Data
| Q3 FY25 | $529.4M |
| Q4 FY25 | $548.4M * |
| Q1 FY26 | $549.0M |
| Q2 FY26 | $591.4M |
| Q3 FY26 | $628.3M |
| Q4 FY26 | $695.1M * |
| Q1 FY27 | $687.6M |
| Q2 FY27 | $771.8M |
Data
| Q1 FY26 | -$0.46 |
| Q2 FY26 | -$0.58 |
| Q1 FY27 | $0.05 |
| Q2 FY27 | $0.50 |
Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.
Data
| Q3 FY25 | -5.3% |
| Q4 FY25 | -3.4% |
| Q1 FY26 | -9.8% |
| Q2 FY26 | -11.0% |
| Q3 FY26 | -2.9% |
| Q4 FY26 | 0.0% |
| Q1 FY27 | -3.6% |
| Q2 FY27 | 3.7% |
Data
| Q3 FY25 | $35.5M |
| Q4 FY25 | $24.6M |
| Q1 FY26 | $108.3M |
| Q2 FY26 | $71.6M |
| Q3 FY26 | $141.8M |
| Q4 FY26 | $178.5M |
| Q1 FY27 | $199.3M |
| Q2 FY27 | $139.4M |
Operating cash flow minus capital expenditure, from cash flow statements.
Questions
What were MongoDB's key results for Q2 fiscal 2027?
Total revenue was $771.8 million, up 30% year-over-year, with GAAP net income of $40.9 million, or $0.50 per share. Non-GAAP EPS was $1.90 and free cash flow was $137.6 million.
How fast did Atlas and Enterprise Advanced grow?
Atlas revenue rose approximately 29% year-over-year to $565.9 million, and EA & other revenue rose approximately 36% to $181.2 million, according to the release's revenue tables.
What is MongoDB's guidance for the third quarter?
MongoDB expects Q3 fiscal 2027 revenue of $756 million to $761 million and non-GAAP income from operations of $152.0 million to $156.0 million. It expects non-GAAP EPS of $1.57 to $1.61.
Did MongoDB raise its full-year outlook?
Yes. Full-year fiscal 2027 revenue guidance is $2.99 billion to $3.03 billion, with non-GAAP income from operations of $616.3 million to $636.3 million and non-GAAP EPS of $6.39 to $6.58. The company says the second-half raise is mainly due to Atlas.
How did profitability and cash generation change from a year ago?
Non-GAAP operating margin rose to 24% from 15%, and GAAP income from operations was $28.4 million versus a $65.3 million loss. Free cash flow was $137.6 million versus $69.9 million.
Documents
SEC filing