Companies /Technology

MongoDB Inc - Class A

NASDAQ: MDB Software - Infrastructure
$444.25
â–² $38.14 (+9.39%) today
Markets open · 3:07pm ET

Q1 2026 Earnings

Reported Jun 4, 2025, 4:03pm ET · SEC source
$1.00
Beat +51.95%
EPS · est. $0.66
$549.0M
Beat +4.08%
Revenue · est. $527.5M
−8.9%
Trailing market
MDB vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%0+6%Jun 4Jun 5report 4:03pm ETearnings−0.5%+2.9%
−6%0+6%Jun 4Jun 5earnings−0.5%+2.9%
MDB +2.9%S&P 500 −0.5%
−6%0+6%Jun 4Jun 5report 4:03pm ETearnings−0.9%+2.9%
−6%0+6%Jun 4Jun 5earnings−0.9%+2.9%
MDB +2.9%NASDAQ −0.9%
−12%−6%0+6%Jun 3Jun 12report 4:03pm ETearnings+1.3%−6.0%
−12%−6%0+6%Jun 3Jun 12earnings+1.3%−6.0%
MDB −6.0%S&P 500 +1.3%
−12%−6%0+6%Jun 3Jun 12report 4:03pm ETearnings+1.0%−6.0%
−12%−6%0+6%Jun 3Jun 12earnings+1.0%−6.0%
MDB −6.0%NASDAQ +1.0%
+12.84%
Day of report
−2.32%
Next session
−6.53%
One week
−3.66%
30 days

S&P 500 over the same 30 days: +5.23%.

Did MDB Beat Earnings? Q1 2026 Results

MongoDB delivered a standout first quarter of fiscal 2026, posting earnings per share of $1.00 against a consensus estimate of $0.66 — a 51.95% beat — while revenue of $549.01 million topped expectations by 4.08% and grew 21.9% year over year. The primary engine behind the outperformance was MongoDB Atlas, the company's cloud-hosted database platform, which expanded 26% year over year and accounted for 72% of total quarterly revenue, reflecting an accelerating mix shift away from on-premises deployments. Profitability saw equally sharp improvement, with non-GAAP operating margin expanding to 16% from just 7% in the year-ago period, and free cash flow nearly doubling to $105.92 million. The company also added a record 2,600 net new customers in the quarter, its strongest such figure in six years. Shares surged on the results, with analysts lifting price targets in response. Looking ahead, MongoDB guided full-year fiscal 2026 revenue of $2.25 billion to $2.29 billion, with non-GAAP EPS of $2.94 to $3.12, signaling continued confidence in its growth trajectory.

Key Takeaways
  • MongoDB Atlas revenue grew 26% year-over-year, comprising 72% of total Q1 revenue
  • Highest total net customer additions in six years with 2,600 new customers added
  • Non-GAAP operating margin expanded to 16% from 7% in the year-ago period
  • Customers with $100K+ in ARR/annualized MRR grew to 2,506 from 2,137 year-over-year

“MongoDB is off to a strong start in fiscal 2026 with 26% Atlas revenue growth, meaningful margin outperformance, and the highest total net customer additions in six years. Enterprises and startups are choosing MongoDB as their platform of choice for both modernizing existing and building new applications.”

MongoDB CEO, on the earnings call

Forward Guidance & Outlook

For Q2 fiscal 2026, MongoDB expects revenue of $548.0 million to $553.0 million, non-GAAP income from operations of $55.0 million to $59.0 million, and non-GAAP net income per share of $0.62 to $0.66. For full-year fiscal 2026, the company expects revenue of $2.250 billion to $2.290 billion, non-GAAP income from operations of $267.0 million to $287.0 million, and non-GAAP net income per share of $2.94 to $3.12.

MDB YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$200.0M$400.0M$600.0M$450.6M$549.0MRevenue$325.2M$391.0MGross Profit$-36,816,994$-53,554,000Operating Income$-24,542,430$-37,626,000Net Income
$0$200.0M$400.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

MDB Revenue by Segment

Subscription$531.5M+22.0%
MongoDB Atlas
MongoDB Enterprise Advanced
Services$17.6M+28.0%

MDB Revenue by Geography

Americas
EMEA
Asia Pacific

Figures from SEC filings and company reports. Not investment advice.