This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
That wraps up our initial coverage of MongoDB’s results. Thank you for stopping by!
MongoDB just reported earnings, with shares initially down 13% following the report. Here are the key numbers:
Guidance:
Quick Read:
Wall Street models Q2 revenue near $734.4M and EPS of $1.609, sitting right at the top of MongoDB‘s (NASDAQ:MDB) own guide of $729M to $734M and $1.58 to $1.61. CFO Mike Berry said guidance “reflects the true strength of the underlying business” while staying “prudent,” a framework that produced four straight EPS beats.
Bullish: FY27 revenue lifted above $2.96B, Atlas sustained near 29%, and full-year EPS raised above $6.14.
Bearish: An unchanged FY27 range, Atlas decelerating below 27%, or a Q3 view soft versus the $1.5113 consensus.
CFO Mike Berry noted Atlas has “become more predictable” as it scales. RPO of $1.46 billion, up 88% year over year, gives management cover to raise. Anything less than a confident raise risks a repricing.
Ahead of tonight’s MongoDB (NASDAQ:MDB) earnings release, here’s the analyst playbook for the call.
MongoDB is expected to report Q2 FY27 earnings at 4:05 PM ET, with management guiding for $729-$734 million in revenue. The bigger question is whether Atlas can sustain the roughly 26% growth management has targeted for the quarter.
Expectations have risen sharply. MongoDB shares are up 34.34% over the past month, while Polymarket traders are assigning a 97.1% probability that the company beats expectations.
That makes guidance especially important. A strong quarter accompanied by a raise that pushes FY27 revenue above $2.96 billion would strengthen the case that MongoDB is becoming a major beneficiary of agentic AI and growing database demand.
In Q4 of FY26, MongoDB topped expectations by 12.08%, yet shares still plunged 22.24%. With the stock rallying into tonight’s print, investors will likely demand both strong results and an improving outlook.
Live coverage has ended. The full story is below.
MongoDB (NASDAQ:MDB | MDB Price Prediction) reports Q2 FY27 results today at 4:05 PM ET. The database platform enters the report with a $35.9 billion market cap, with the stock down 3.5% today.
Last quarter, MongoDB posted $687.6 million in revenue, up 25.25% year over year, and non-GAAP EPS of $1.32 versus a $1.1835 consensus.
Atlas, now roughly 75% of revenue, grew 29.4% and crossed a $2 billion run rate. Free cash flow nearly doubled to $197.5 million, and RPO jumped 88% to $1.46 billion. CEO CJ Desai raised full-year guidance on that strength. Shares have followed through, with MDB rising 43.65% over the past year and trading at $437.47 into the report.
| Metric | Q2 FY27 Estimate | YoY Change | FY27 Estimate | FY28 Estimate |
|---|---|---|---|---|
| Revenue | $734.4M | +24% | $2.96B | $3.48B |
| EPS (Normalized) | $1.609 | +145% | $6.13 | $7.34 |
The Q2 EPS bar has climbed from $1.28 ninety days ago to $1.609, with 34 upward revisions in the past 30 days and zero cuts. Consensus now sits above the guidance midpoint, meaning MongoDB effectively needs to clear its own top end to keep the beat streak intact.
Tonight, I’ll be watching Atlas consumption first. Management guided Q2 Atlas growth to approximately 26%, a deceleration from 29.4%, and CFO Mike Berry described the segment as “more predictable and less sensitive” at scale. Any reacceleration reframes the multiple.
Second, analysts are of course going to be watching AI traction. Desai said “AI adoption of MongoDB technologies across our customer base continues to accelerate,” with vector search “far outpacing overall company growth.” New Adobe, Zomato, and 11 Labs deployments should give management fresh proof points.
Third, margins. Non-GAAP operating margin expanded to 18% from 16%, and the company targeted approximately 21% at the Q2 high end. Rule of 40 status is on the line.
Fourth, EA. Enterprise Advanced grew 13% last quarter, but management guided to approximately flat EA growth in the second half. Deal timing commentary matters.
Finally, the Clarity acquisition and federal push. Investors want scope on the $10 million annual services contribution and pipeline build.
| Quarter | EPS Surprise | Day-Of Move | 1-Day Move | 1-Week Move |
|---|---|---|---|---|
| Q1 FY27 | +11.53% | +3.03% | +20.36% | +4.53% |
| Q4 FY26 | +12.08% | -22.24% | -1.87% | +7.05% |
| Q3 FY26 | +66.23% | +22.23% | +0.98% | +3.00% |
| Q2 FY26 | +52.39% | +37.96% | +7.58% | +8.91% |
On average, shares moved 3.39% seven days after earnings over the past year.
Contact [email protected] for any questions or corrections.
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 500 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
Outside of work, Thomas enjoys weight lifting and soccer.
Investors are watching MongoDB (NASDAQ:MDB | MDB Price Prediction) ahead of its Q1 FY2027 report expected tonight, May 28, at around 4:05 PM ET. The stock just popped 10.35% today to $324.95, but shares remain…
Snowflake (NYSE: SNOW | SNOW Price Prediction) and MongoDB (NASDAQ: MDB) both delivered Q1 FY2027 results in late May that beat expectations and raised guidance. Snowflake leaned on its proprietary AI Data Cloud and…
MongoDB (Nasdaq: MDB) | MDB Price Prediction reports its fiscal fourth quarter 2026 earnings tonight after the bell, with Wall Street watching closely to see whether the database software company can sustain the momentum…
MongoDB (Nasdaq: MDB) | MDB Price Prediction heads into its fiscal third quarter with rising expectations after delivering one of its strongest revenue and margin quarters to date. The company is benefiting from sustained…
MongoDB crushed estimates and lifted guidance, then watched investors punish the stock anyway. The reason comes down to a single line buried in the earnings report that separates what the company reported from what…
Zoom just dropped its Q2 numbers after the bell, and shares moved in a direction that has investors questioning whether the AI growth story can survive its own rising expectations.
MongoDB stock has surged over 32% in the past month, but with a September 1 earnings report looming and a key leadership vacancy still unfilled, the question is whether Atlas momentum and AI positioning…
Broadcom carries a $1.75 trillion market cap and AI revenue expectations that have already punished the stock twice for merely beating estimates. Tonight, the real question is whether Hock Tan's Q4 guidance can finally…
Salesforce heads into tonight's Q2 report carrying a 25% one-month rally and a $27.5 billion buyback, but Wall Street still questions whether Agentforce can restore the double-digit growth that justifies the rebound.
