Latest quarter
MongoDB reported Q2 FY2027 revenue of $771.8 million, up 30.5% from $591.4 million a year earlier and above the $733.6 million consensus. Adjusted earnings per share were $1.90, exceeding the $1.60 consensus. Diluted earnings per share were $0.50, compared with −$0.58 a year earlier.
In its filing, MongoDB attributed the increase in subscription revenue primarily to greater Atlas consumption by large existing customers and growth in MongoDB Enterprise Advanced. The company said its subscription gross margin rose primarily because of a shift in revenue mix toward Enterprise Advanced and other products. Overall gross margin was 73.8%, compared with 71.0% a year earlier, while operating margin was 3.68%, up from −11.0%.
MongoDB reported free cash flow of $139.4 million, compared with $71.6 million a year earlier. The filing said cloud infrastructure costs rose with Atlas growth, partly offset by efficiencies as the service scaled.
| Q2 FY2027 | Q2 FY2026 | Change | |
|---|---|---|---|
| Revenue | $771.8 million | $591.4 million | 30.5% |
| Diluted EPS | $0.50 | −$0.58 | — |
| Gross margin | 73.8% | 71.0% | 2.8 percentage points |
| Operating margin | 3.68% | −11.0% | 14.7 percentage points |
| Free cash flow | $139.4 million | $71.6 million | 94.8% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $1.90 | $1.60 | Beat by 18.7% |
| Revenue | $771.8 million | $733.6 million | Beat by 5.20% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
MongoDB’s filing said it intends to keep investing in engineering and marketing to support its developer community. The company also said it expects to continue investing in sales and developer outreach to acquire customers.
Guidance
In its filing, MongoDB said it expects a higher portion of Atlas contracts to be billed monthly in arrears based on usage without requiring upfront commitments. The company also expects gross margin to fluctuate over time.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| EPS, non-GAAP | FY2027 | $6.39–$6.58 | — | New |
| EPS, GAAP | FY2027 | $0.53–$0.77 | — | New |
| Operating income, non-GAAP | FY2027 | $616.3 million–$636.3 million | — | New |
| Revenue | FY2027 | $3.0 billion–$3.0 billion | — | New |
| EPS, non-GAAP | Q3 FY2027 | $1.57–$1.61 | — | New |
| EPS, GAAP | Q3 FY2027 | $0.00–$0.05 | — | New |
| Operating income, non-GAAP | Q3 FY2027 | $152.0 million–$156.0 million | — | New |
| Revenue | Q3 FY2027 | $756.0 million–$761.0 million | — | New |