MongoDB Q2 2027: Revenue Up 30%, RPO Doubles to $1.52 Billion
As seen on the 24/7 Wall St. homepage on September 1, 2026.
Remaining performance obligations jumped 91% to $1.52 billion, locking in demand well beyond this quarter, and management raised full-year fiscal 2027 guidance to $2.99 billion to $3.03 billion on Atlas strength. Shares still sold off in the minutes after the filing.
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MongoDB posted its fastest year-over-year revenue growth in several years at 30.5%, with revenue of $771.8 million beating expectations. Adjusted earnings per share of $1.90 also beat estimates, a fifth straight quarter above Wall Street's EPS expectations.
Remaining performance obligations jumped 91% to $1.52 billion, contracted future revenue not yet recognized. Customer commitment is accelerating well ahead of reported revenue.
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Atlas, the cloud-hosted database service, generated $565.9 million and remains the primary growth engine, with Enterprise Advanced growing roughly 36% year-over-year. Free cash flow nearly doubled and large customers spending more than $100,000 a year grew to 2,999.
Management raised full-year fiscal 2027 revenue guidance to $2.99 billion to $3.03 billion. Shares still sold off after hours, reflecting sentiment that elevated expectations were already priced in.
Mentioned: MDB