Q1 27 EPS
$1.32
Q1 27 Revenue
$687.6M
BEAT +3.59%
Est. $663.8M
vs S&P Since Q1 27
+13.1%
BEATING MARKET
MDB +12.8% vs S&P -0.3%
Market Reaction
Did MDB Beat Earnings? Q1 2027 Results
MongoDB delivered a standout first quarter of fiscal 2027, beating Wall Street on both the top and bottom lines as Atlas continued to power growth across the business. The database platform company posted revenue of $687.62 million, up 25.3% year-ove… Read more MongoDB delivered a standout first quarter of fiscal 2027, beating Wall Street on both the top and bottom lines as Atlas continued to power growth across the business. The database platform company posted revenue of $687.62 million, up 25.3% year-over-year and ahead of the $663.79 million consensus estimate, while adjusted earnings of $1.32 per share cleared the $1.18 consensus by 11.53%, extending the company's streak of beating EPS estimates to four consecutive quarters. The primary engine behind the outperformance was Atlas, MongoDB's cloud-native database service, where revenue climbed more than 29% year-over-year to $512.47 million, reflecting sustained enterprise demand for scalable AI-ready infrastructure. Free cash flow nearly doubled to $197.55 million, and remaining performance obligations surged 88% to $1.46 billion, underscoring robust forward visibility. New AI-focused platform capabilities, including enhancements to Atlas Vector Search, are reinforcing MongoDB's positioning for enterprise AI workloads. Management raised its full-year fiscal 2027 revenue outlook to a range of $2.92 billion to $2.96 billion, with non-GAAP EPS now guided between $5.95 and $6.14.
Key Takeaways
- • Atlas revenue growth of more than 29% year-over-year
- • Strong go-to-market execution capitalizing on enterprise use cases and AI opportunities
- • Non-GAAP operating margin expansion to 18% from 16% year-over-year
- • RPO growth of 88% year-over-year indicating strong future revenue visibility
- • Customers over $100K ARR grew to 2,895 from 2,506 year-over-year
MDB Forward Guidance & Outlook
MongoDB raised its full-year fiscal 2027 guidance. For Q2 FY2027, revenue is expected between $729 million and $734 million, with non-GAAP income from operations of $152.0 million to $156.0 million and non-GAAP EPS of $1.58 to $1.61. For full-year FY2027, revenue is expected between $2.92 billion and $2.96 billion, with non-GAAP income from operations of $571.0 million to $591.0 million and non-GAAP EPS of $5.95 to $6.14. The raised guidance is driven mainly by strength in Atlas.
MDB YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
MDB Revenue by Segment
With YoY comparisons, source: SEC Filings
MDB Revenue by Geography
Regional revenue distribution
“We delivered better-than-expected first quarter results, as our go-to-market teams continue to execute well and capitalize on strong end-market demand for the MongoDB platform across enterprise use cases and emerging AI opportunities. At the same time, we continue to show strong profitability, demonstrating we can drive durable revenue growth while simultaneously expanding margin. Based on the momentum we are seeing in the business, we are raising our fiscal 2027 guidance.”
— CJ Desai, Q1 2027 Earnings Press Release
MDB Earnings Trends
MDB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MDB EPS Trend
Earnings per share: estimate vs actual
MDB Revenue Trend
Quarterly revenue: estimate vs actual
MDB Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 | — | $1.32 | — | $687.6M | +3.59% |
| Q4 26 BEAT FY | $1.47 | $1.65 | +12.24% | $695.1M | — |
| FY Full Year | $4.80 | $4.97 | +3.53% | $2.46B | +1.05% |
| Q3 26 BEAT | $0.79 | $1.32 | +66.23% | $628.3M | +5.88% |
| Q2 26 BEAT | $0.66 | $1.00 | +52.39% | $591.4M | +6.83% |
| Q1 26 BEAT | $0.66 | $1.00 | +51.95% | $549.0M | +4.08% |