# MongoDB (MDB) Q2 FY2027 earnings

Results filed 2026-09-01 for the quarter ended 2026-07-31. Source page: https://earnings.opennash.com/companies/mdb/2027-q2/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/1441816/000162828026059794/0001628280-26-059794-index.htm
> 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

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Total revenue | $771.8 million | an increase of 30% year-over-year | GAAP |
| Net income | $40.9 million | compares to a net loss of $47.0 million in the year-ago period | GAAP |
| Diluted EPS | $0.50 | compares to a net loss of $0.58 per share in the year-ago period | GAAP |
| Non-GAAP EPS (fully diluted) | $1.90 | compares to $1.00 per share in the year-ago period | non-GAAP |
| Gross margin | 74% | compared to 71% in the year-ago period | GAAP |
| Income from operations | $28.4 million | compared to a loss from operations of $65.3 million in the year-ago period | GAAP |
| Non-GAAP income from operations | $185.9 million | compared to $86.8 million in the year-ago period | non-GAAP |
| Non-GAAP operating margin | 24% | up significantly from 15% a year ago | non-GAAP |
| Cash from operations | $141.9 million | compared to $72.1 million in the year-ago period | GAAP |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| Atlas-related revenue | $565,916 | up approximately 29% year-over-year |
| Enterprise Advanced and other revenue | $181,231 | 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 |

## 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

1. **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%.
2. **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.
3. **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.
4. **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.
5. **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.

## 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.