MongoDB Inc - Class A
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +2.64%.
Did MDB Beat Earnings? Q2 2026 Results
MongoDB delivered a blowout second quarter of fiscal 2026, posting revenue of $591.40 million — up 23.7% year-over-year and well ahead of the $553.57 million consensus estimate — while non-GAAP EPS of $1.00 per diluted share beat expectations of $0.6562 by 52.39%, marking one of the company's strongest profitability performances in recent memory. The primary engine behind the outperformance was MongoDB Atlas, whose revenue surged 29% year-over-year to represent 74% of total quarterly revenue, confirming that enterprise customers are accelerating their migration to the company's cloud-native database platform. Non-GAAP operating margin expanded to 15% from 11% a year ago, while free cash flow flipped to a positive $69.88 million from negative $4.00 million in the prior-year period. Management added over 2,800 net new customers in the quarter — many building AI applications — and raised full-year FY2026 revenue guidance to a range of $2.34 billion to $2.36 billion. Investors can follow <a href="https://247wallst.com/investing/2025/12/01/live-mongodb-mdb-q3-earnings-coverage/">what comes next for MDB</a> as the company looks to sustain its momentum.
- MongoDB Atlas revenue growth accelerated to 29% year-over-year
- Added 2,800 customers in Q2 and over 5,000 year-to-date, the highest first-half total ever
- Non-GAAP operating margin expanded to 15% from 11% year-over-year
- Free cash flow turned positive at $69.9 million vs. negative $4.0 million year-ago
- Customers over $100K ARR/MRR grew to 2,564 from 2,189 year-over-year
“MongoDB delivered strong second quarter results across the board, highlighted by Atlas revenue growth accelerating to 29% and adding over 5,000 customers year-to-date, the highest ever in the first half of the year. We also delivered meaningful margin outperformance as we executed on our plan to drive profitable growth. Reflecting this strength, we are raising our guidance on the top and bottom line for the rest of the year”
MongoDB CEO, on the earnings call
Forward Guidance & Outlook
MongoDB raised guidance for both Q3 and full year FY2026. For Q3 FY2026, the company expects revenue of $587.0 million to $592.0 million, non-GAAP income from operations of $66.0 million to $70.0 million, and non-GAAP net income per share of $0.76 to $0.79. For full year FY2026, revenue is expected at $2.34 billion to $2.36 billion, non-GAAP income from operations of $321.0 million to $331.0 million, and non-GAAP net income per share of $3.64 to $3.73. Management cited Atlas revenue growth acceleration, strong customer additions, and margin outperformance as drivers for the raised outlook.
MDB YoY Financials
MDB Revenue by Segment
MDB Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.