MDB Q2 Earnings Beat Estimates on Atlas & EA Strength, Outlook Raised

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MDB Q2 Earnings Beat Estimates on Atlas & EA Strength, Outlook Raised Zacks Equity Research Wed, September 2, 2026 at 10:22 AM EDT 4 min read MDB DOCU TTAN MU MongoDB, Inc. MDB delivered second-quarter fiscal 2027 non-GAAP earnings of $1.90 per share, which rose 90% year over year and topped the Zacks Consensus Estimate by 18.75%. Total revenues increased 30.5% year over year to $771.8 million and surpassed the consensus estimate by 5.2%. Results benefited from strength among large enterprise customers, solid Atlas consumption and broad Enterprise Advanced demand. Total company net ARR expansion improved to 122% from 119% a year ago and 121% in the prior quarter. Subscription revenues rose 30.5% year over year to $747.1 million, while services revenues increased 29.3% to $24.6 million. The subscription business remained the primary contributor to the top line. MongoDB, Inc. price-consensus-eps-surprise-chart | MongoDB, Inc. Quote Atlas-related revenues totaled $565.9 million, up 28.9% from $439.0 million a year ago. MongoDB Enterprise Advanced and other revenues reached $181.2 million, rising 35.9% from $133.4 million, reflecting broad strength across financial services, the public sector and technology. MongoDB ended the quarter with more than 70,600 customers, up from 59,900 a year ago, after adding approximately 2,900 customers sequentially. Atlas customers increased to more than 69,300 from 58,500 in the prior-year period. Customers generating at least $100,000 in annual recurring revenues rose 17% year over year to 2,999. Among Atlas customers in this cohort, 48% used two or more platform features, up from 42%, driven largely by Vector Search and text search adoption. Remaining performance obligations climbed 91% to $1.52 billion. In the fiscal second quarter, MongoDB's non-GAAP gross profit increased to $585.7 million, with the non-GAAP gross margin expanding to 76% from 74% a year ago. Subscription gross margin was 78.3%, up about 70 basis points, primarily reflecting the higher Enterprise Advanced revenue mix. Non-GAAP sales and marketing expenses rose 6.9% year over year to $215.7 million. Research and development expenses increased 30.7% to $137.4 million, while general and administrative expenses advanced 9.6% to $46.7 million. Non-GAAP income from operations rose to $185.9 million from $86.8 million. The corresponding operating margin expanded to 24% from 15%, underscoring stronger operating leverage alongside the quarter's revenue growth. As of July 31, 2026, MongoDB had cash, cash equivalents and short-term investments of $2.4 billion compared with $2.4 billion as of April 30, 2026. During the quarter, the company allocated $100 million toward share repurchases and $59 million to settle taxes on employee restricted stock units. Operating cash flow was $141.9 million in the fiscal second quarter compared with $201.6 million reported in the prior quarter. Free cash flow during the quarter was $137.6 million compared with $197.5 million in the prior quarter. For the third quarter of fiscal 2027, MongoDB expects revenues of $756 million to $761 million. Non-GAAP income from operations is projected between $152 million and $156 million, while non-GAAP earnings are expected between $1.57 and $1.61 per share. For fiscal 2027, revenues are now anticipated between $2.99 billion and $3.03 billion, up from the prior $2.92-$2.96 billion range. Non-GAAP earnings are projected between $6.39 and $6.58 per share compared with the previous $5.95-$6.14 range. Management now expects Atlas growth of approximately 27% and Enterprise Advanced and other revenue growth of about 11% for the year. MongoDB currently carries a Zacks Rank #3 (Hold). Docusign DOCU, Micron Technology MU and ServiceTitan Inc. TTAN are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. DOCU, MU and TTAN each currently carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Docusign is slated to announce its second-quarter fiscal 2027 results on Sept. 3. Micron Technology is scheduled to report its fourth-quarter fiscal 2026 results on Sept. 30, while ServiceTitan is set to announce its second-quarter fiscal 2027 results on Sept. 8. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MongoDB, Inc. (MDB) : Free Stock Analysis Report Micron Technology, Inc. (MU) : Free Stock Analysis Report Docusign Inc. (DOCU) : Free Stock Analysis Report ServiceTitan Inc. (TTAN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com).

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