The strong beat and raised guidance, driven by accelerating Atlas and EA growth with expanding margins, signals durable momentum. Traders should watch for potential upside to the raised guidance on the Q3 call, as RPO growth of 91% YoY provides strong forward revenue visibility. The stock may gap up significantly on this print.
Price Chart
Executive Summary
MongoDB reported a strong Q2 FY2027 beat, with revenue of $771.8M (+30% YoY) vs. $734.4M consensus and non-GAAP EPS of $1.90 vs. $1.61 consensus (+18.1% beat). The company raised full-year FY2027 revenue guidance to $2.99B-$3.03B (from $2.92B-$2.96B) and non-GAAP EPS guidance to $6.39-$6.58 (from $5.95-$6.14), driven by accelerating Atlas and Enterprise Advanced growth. This marks the third consecutive quarter of GAAP profitability and a 24% non-GAAP operating margin, up from 15% a year ago, signaling durable operating leverage and strong execution in the AI era.
Key Financial Metrics
Key Facts
- Total revenue of $771.8M, up 30% YoY, the highest growth rate in several years
- Non-GAAP EPS of $1.90 beat consensus of $1.61 by 18.1%
- Full-year FY2027 revenue guidance raised to $2.99B-$3.03B (from $2.92B-$2.96B)
- Full-year FY2027 non-GAAP EPS guidance raised to $6.39-$6.58 (from $5.95-$6.14)
- Atlas revenue up ~29% YoY; EA & other revenue up ~36% YoY
- GAAP net income of $40.9M ($0.50/diluted share), third consecutive quarter of GAAP profitability
- Non-GAAP operating margin expanded to 24% from 15% YoY
- Free cash flow of $137.6M nearly doubled from $69.9M YoY
- RPO of $1.52B, up 91% YoY; cRPO of $797.3M, up 73% YoY
- Customers over $100K ARR reached 2,999, up from 2,564 YoY
Financial Impact
Revenue beat of $37.4M (+5.1% vs consensus) and EPS beat of $0.29 (+18.1% vs consensus); full-year guidance raised by $70M at midpoint
Risk Factors
- Q3 FY2027 revenue guidance of $756M-$761M implies sequential deceleration from Q2's $771.8M, which may temper some enthusiasm
- Stock-based compensation remains high at $148.9M for the quarter, diluting shareholders
- Macroeconomic uncertainty could slow enterprise spending on database infrastructure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-059794 |
| Document: mdb-20260901.htm | 0001628280-26-059794 |
| Document: 0001628280-26-059794-index-headers.html | 0001628280-26-059794 |
| Document: 0001628280-26-059794-index.html | 0001628280-26-059794 |
| Document: 0001628280-26-059794.txt | 0001628280-26-059794 |
| 8-K Data (Synthetic) | 0001628280-26-059794 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | 8-K | $373.58 $351.73 | ▼ −5.85% | ▼ −5.70% | $355.24 (−4.91%) |
Aug 17, 2026 6w ago | 144 | $438.70 $377.67 | ▼ −13.91% | ▼ −11.93% | $355.24 (−19.02%) |
Aug 14, 2026 7w ago | 144 | $460.33 $382.29 | ▼ −16.95% | ▼ −14.96% | $355.24 (−22.83%) |
Aug 4, 2026 8w ago | Press Release | $380.04 $432.95 | ▲ +13.92% | ▲ +15.16% | $355.24 (−6.52%) |
Jul 16, 2026 11w ago | 144 | $328.60 $472.29 | ▼ −43.73% | ▼ −40.11% | $355.24 (−8.11%) |
Jul 14, 2026 11w ago | 144 | $344.67 $439.16 | ▲ +27.41% | ▲ +24.92% | $355.24 (+3.07%) |
Jul 2, 2026 13w ago | Insider Cluster | $354.88 $325.88 | ▼ −8.17% | ▼ −7.76% | $355.24 (+0.10%) |
Jul 2, 2026 13w ago | Insider Cluster | $354.88 $325.88 | ▼ −8.17% | ▼ −7.76% | $355.24 (+0.10%) |
Jun 30, 2026 13w ago | 144 | $335.90 $309.71 | ▼ −7.80% | ▼ −6.77% | $355.24 (+5.76%) |
Jun 17, 2026 15w ago | Insider Cluster | $332.75 $328.60 | ▼ −1.25% | ▼ −1.78% | $355.24 (+6.76%) |
US Market Status
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