Jul 2026 (Q2 FY27) — Sep 1, 2026
MongoDB Q2 FY27 — Strong Revenue Acceleration and AI Momentum
Read the full callMongoDB (MDB) earnings
- Jul 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
MongoDB earnings: last reported Tue, 1 Sep 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 772 | +30.5% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 3.7 | +14.7 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 40.9 | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
23 of 23 judged targets kept · 20 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Next-quarter non-GAAP EPS guide (Q1 FY27) | $1.15 to $1.19 | Jan 2026 | First quarter non-GAAP net income was $112 million, which translates to $1.32 per share based on 85.3 million diluted shares outstanding. | Achieved |
| Full-year non-Atlas (EA and other) revenue growth guide (FY27) | low to mid-single-digit growth in fiscal '27 | Jan 2026 | we are raising our full year expectations for EA and other revenue to mid-single-digit growth in fiscal '27 | Revised Up |
| App modernization meaningfully contributes to new business growth (FY27) | app modernization can meaningfully contribute to our new business growth in fiscal '27 and beyond | Jan 2025 | what we actually see is that a lot more modernization acceleration where somebody is moving to Atlas so that they are ready on scaling out for AI workloads rather than a consolidation play | On Track |
20 of MongoDB, Inc.'s 43 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 40 more targets are in the full ledger.
Claimed
- Total revenue of $772 million, up 30% year-over-year, representing the highest quarterly growth since FY24.
- Atlas revenue grew approximately 29% year-over-year for the fifth straight quarter.
- EA and Other revenue grew 36% year-over-year, marking a standout quarter.
- Non-GAAP operating margin reached 24%, reflecting strong revenue performance.
- Added a record 2,900 net new customers, bringing the total to 70,600, with Voyage customer count nearly doubling quarter-over-quarter.
- Net ARR expansion rate increased to 122% for the quarter, up from 121% last quarter.
Qualified
- Q3 Atlas growth guidance implies a deceleration to approximately 26% due to a tough comparable period and prudent forecasting for consumption business.
- Q4 Atlas guidance is conservative, reflecting inherent unpredictability due to holiday impact and consumption dynamics.
- Multiyear deals in the EA business are inherently hard to predict, leading to prudent guidance despite strong performance.
Price
$348.69 +3.29% · +$11.12
Performance +9.5% 1Y
1Y: $318.53 on 17 Oct 2025 → $348.69. High $472.29 (13 Aug 2026), low $225.95 (10 Apr 2026).
- Previous close
- $337.57
- 52-week range
- $225.95 – $472.29
- One year
- +6.50%
Overview
- Symbol
- MDB
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
23 of 23 judged targets kept · 20 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Next-quarter non-GAAP EPS guide (Q1 FY27) | $1.15 to $1.19 | Jan 2026 | First quarter non-GAAP net income was $112 million, which translates to $1.32 per share based on 85.3 million diluted shares outstanding. | Achieved |
| Full-year non-Atlas (EA and other) revenue growth guide (FY27) | low to mid-single-digit growth in fiscal '27 | Jan 2026 | we are raising our full year expectations for EA and other revenue to mid-single-digit growth in fiscal '27 | Revised Up |
| App modernization meaningfully contributes to new business growth (FY27) | app modernization can meaningfully contribute to our new business growth in fiscal '27 and beyond | Jan 2025 | what we actually see is that a lot more modernization acceleration where somebody is moving to Atlas so that they are ready on scaling out for AI workloads rather than a consolidation play | On Track |
Claimed
- Total revenue of $772 million, up 30% year-over-year, representing the highest quarterly growth since FY24.
- Atlas revenue grew approximately 29% year-over-year for the fifth straight quarter.
- EA and Other revenue grew 36% year-over-year, marking a standout quarter.
- Non-GAAP operating margin reached 24%, reflecting strong revenue performance.
- Added a record 2,900 net new customers, bringing the total to 70,600, with Voyage customer count nearly doubling quarter-over-quarter.
- Net ARR expansion rate increased to 122% for the quarter, up from 121% last quarter.
Qualified
- Q3 Atlas growth guidance implies a deceleration to approximately 26% due to a tough comparable period and prudent forecasting for consumption business.
- Q4 Atlas guidance is conservative, reflecting inherent unpredictability due to holiday impact and consumption dynamics.
- Multiyear deals in the EA business are inherently hard to predict, leading to prudent guidance despite strong performance.
The full ledger
Open MongoDB, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 43 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q1 FY27) — May 28, 2026
MongoDB Q1 FY27 — Strong Atlas Growth and Operating Margin Expansion
Read the full callJan 2026 (Q4 FY26) — Mar 2, 2026
MongoDB Q4 FY26 — Strong Growth Across Atlas and Non-Atlas, Exceeding Guidance
Read the full callEvery analysed call
MongoDB earnings calls (MDB)
Financials
What the filings say
Net profit, year on year: +187% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 529 | 548 | 549 | 591 | 628 | 695 | 688 | 772 |
| Operating profit | -28 | -19 | -54 | -65 | -18 | 0 | -25 | 28 |
| Operating margin | −5.3% | −3.4% | −9.8% | −11.0% | −2.9% | 0.0% | −3.6% | 3.7% |
| Interest | 2 | 2 | 1 | 1 | 1 | -0 | 1 | 1 |
| Profit before tax | -7 | 4 | -33 | -43 | 1 | 19 | 9 | 46 |
| Tax rate | −37.5% | −281.0% | −12.9% | −9.1% | 248.7% | 20.0% | 49.6% | 10.9% |
| Net profit | -10 | 16 | -38 | -47 | -2 | 16 | 4 | 41 |
| EPS ($ per share) | -0.13 | — | -0.46 | -0.58 | -0.02 | — | 0.06 | 0.51 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Reserves | -489 | -668 | -935 | -1,190 | -1,535 | -1,712 | -1,841 | -1,912 |
| Total liabilities | 469 | 1,246 | 1,408 | 1,783 | 1,849 | 1,801 | 648 | 806 |
| Fixed assets | 74 | 58 | 62 | 63 | 58 | 53 | 46 | 40 |
| Total assets | 733 | 1,329 | 1,407 | 2,450 | 2,589 | 2,870 | 3,430 | 3,759 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -42 | -30 | -43 | 7 | -13 | 121 | 150 | 505 |
| Cash from investing | -160 | -2 | -263 | -852 | -33 | 188 | -657 | 539 |
| Cash from financing | 288 | 589 | 28 | 891 | 30 | 38 | 202 | -462 |
| Net cash flow | 86 | 558 | -276 | 44 | -18 | 347 | -311 | 594 |
| Capital expenditure | -7 | -4 | -12 | -8 | -7 | -6 | -30 | -5 |
| Free cash flow | -49 | -33 | -54 | -1 | -20 | 115 | 121 | 500 |
MDB revenue by segment
Mongo DB Atlas Related grew from 68% to 73% of revenue over the last two years.
| Segment | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Mongo DB Atlas Related | 69% | 71% | 72% | 74% | 75% | 72% | 75% | 73% | +28.9% |
| Other Subscription | 28% | 26% | 25% | 23% | 22% | 25% | 22% | 23% | +35.9% |
| Service | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | +29.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
MDB operating KPIs by quarter
| KPI | Jan 2025 Q4 FY25 | Jul 2025 Q2 FY26 | Oct 2025 Q3 FY26 | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Customers | 54.5K+We ended the quarter with over 54,500 customers.Source: earnings call transcript | 59.9K+We delivered non-GAAP operating income of $87 million for a 15% non-GAAP operating margin, and we ended the quarter with over 59,900 customers.Source: earnings call transcript | 62.5K+We ended the quarter with over 62,500 customers adding 2,600 in the quarter and 8,000 year-to-date, reflecting 65% growth in customer additions on a year-to-date basis driven by the strong performance of our self-serve motion.Source: earnings call transcript | 65.2K+We ended the quarter with over 65,200 customers adding 2,700 customers in Q4, growing both year-over-year and quarter-over-quarter.Source: earnings call transcript | 67.7K+We ended the quarter with over 67,700 customers, adding 2,500 customers in Q1, growing year-over-year and quarter-over-quarter.Source: earnings call transcript | 70.6KWe ended the quarter with 70,600 customers, adding a record 2,900 net new customers in the period.Source: earnings call transcript | — |
| Customers Direct sales | 7,500+Of our total customer count, over 7,500 are direct sales customers, which compares to over 7,000 in the year ago period.Source: earnings call transcript | 7,300+Of our total customer count, over 7,300 are direct sales customers, a decline of 200 customers sequentially and flat year-over-year.Source: earnings call transcript | — | — | — | — | — |
| Customers Atlas | 53.1K+The growth in our total customer count is being driven primarily by Atlas, which had over 53,100 customers at the end of the quarter compared to over 46,300 in the year ago period.Source: earnings call transcript | 58.3K+The growth in our total customer count is being driven primarily by Atlas, which had over 58,300 customers at the end of the quarter compared to over 49,200 in the year ago period.Source: earnings call transcript | 60.8K+The growth in our total customer count is being driven primarily by Atlas which had over 60,800 customers at the end of the third quarter compared to over 51,100 in the year ago period.Source: earnings call transcript | — | 66.4KThe growth in our total customer count is being driven primarily by Atlas, which had 66,400 customers at the end of the first quarter compared to 55,800 in the year ago period.Source: earnings call transcript | 69.3KGrowth continues to be driven primarily by Atlas, which had 69,300 customers at the end of the second quarter compared to 58,500 in the year ago period.Source: earnings call transcript | +4.4% |
| Customers above an annual spend threshold ARR and annualized MRR at least $100,000 | 2,396We ended the quarter with 2,396 customers with at least $100,000 in ARR and annualized MRR, up from 2,052 in the year ago period.Source: earnings call transcript | 2,564We ended the quarter with 2,564 customers with at least $100,000 in ARR, representing 17% growth versus the year ago period.Source: earnings call transcript | 2,694We ended the quarter with 2,694 customers with at least $100,000 in ARR, representing 16% growth versus the year ago period.Source: earnings call transcript | 2,799We ended the quarter with 2,799 customers with at least $100,000 in ARR and 402 customers with at least $1 million in ARR representing 17% and 26% year-over-year growth, respectively.Source: earnings call transcript | 2,895We closed out Q1 with 2,895 customers with at least $100,000 in ARR, representing 16% year-over-year growth.Source: earnings call transcript | <3,000We ended the quarter with nearly 3,000 customers with at least $100,000 in ARR representing 17% year-over-year growth.Source: earnings call transcript | — |
| Remaining performance obligation (RPO) | — | — | — | $1.47BYou can see the strength in the growth of deferred revenue as well as the growth in RPO, which grew from $748 million at the end of fiscal '25 to $1.47 billion at the end of fiscal '26, a year-over-year growth of 97%.Source: earnings call transcript | $1.46BOur remaining performance obligations, which we define specifically as obligations for contracts with a duration greater than 12 months stayed relatively consistent quarter-over-quarter and ended the period at $1.46 billion.Source: earnings call transcript | $1.52BOur remaining performance obligations, which we define as obligations for contracts with a duration greater than 12 months ended the quarter at $1.52 billion, representing year-over-year growth of 91% with the current portion growing 73%.Source: earnings call transcript | +4.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2027 · share of revenue
- Americas 62% ↑ 1 pt
- EMEA 27% ↑ 1 pt
- Asia Pacific 11% ↓ 1 pt
As MDB cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
208 filings between Oct 27, 2025 and Oct 13, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$115.68M
163 sales by 8 insiders
85% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 25
- Award — granted as compensation
- 4
- Option exercise — converted options into shares
- 11
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 gifts, 2 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| MERRIMAN DWIGHT A | — | $64.57M | Oct 9, 2026 |
| BOTHA ROELOF | — | $27.62M | Jun 2, 2026 |
| Ittycheria Dev | — | $15.33M | Jun 4, 2026 |
| BERRY MICHAEL J | — | $3.54M | Jun 16, 2026 |
| Cochran Hope F | — | $3.08M | Sep 17, 2026 |
| Hazard Charles M Jr | — | $925.6K | Oct 6, 2026 |
| Agrawal Archana | — | $400.0K | Oct 13, 2026 |
| Bull Thomas | — | $229.7K | Dec 8, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 13, 2026 | Agrawal Archana Director | Sale 10b5-1 plan | 1,000 | $400.0K |
| Oct 12, 2026 | BERRY MICHAEL J Chief Financial Officer | Award | 27,211 | $0 |
| Oct 12, 2026 | Ittycheria Dev Interim President and CEO | Award | 40,817 | $0 |
| Oct 9, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 1,000 | $377.0K |
| Oct 8, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 392 | $141.5K |
| Oct 8, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 3,000 | $1.08M |
| Oct 8, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 9,608 | $3.46M |
| Oct 7, 2026 | BERRY MICHAEL J Chief Financial Officer | Other | 3,292 | $0 |
| Oct 7, 2026 | BERRY MICHAEL J Chief Financial Officer | Other | 3,292 | $0 |
| Oct 6, 2026 | Hazard Charles M Jr Director | Sale 10b5-1 plan | 595 | $216.5K |
| Oct 1, 2026 | BERRY MICHAEL J Chief Financial Officer | Tax withheld | 2,086 | $727.2K |
| Oct 1, 2026 | Ittycheria Dev Interim President and CEO | Tax withheld | 3,034 | $1.06M |
| Sep 17, 2026 | Cochran Hope F Director | Sale 10b5-1 plan | 1,000 | $375.9K |
| Aug 17, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 2,174 | $986.4K |
| Aug 17, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 992 | $445.4K |
| Aug 17, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 460 | $208.2K |
| Aug 17, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 522 | $235.5K |
| Aug 17, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 120 | $54.8K |
| Aug 17, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 1,652 | $743.9K |
| Aug 17, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 80 | $36.4K |
| Aug 14, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 3,248 | $1.53M |
| Aug 14, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 6,752 | $3.17M |
| Jul 16, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 2,774 | $924.9K |
| Jul 16, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 81 | $26.6K |
| Jul 16, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 80 | $26.4K |
| Jul 16, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 1,363 | $446.7K |
| Jul 16, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 867 | $282.2K |
| Jul 16, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 835 | $270.6K |
| Jul 14, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 120 | $38.8K |
| Jul 14, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 2,120 | $682.2K |
| Jul 14, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 680 | $218.0K |
| Jul 14, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 2,480 | $792.9K |
| Jul 14, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 120 | $38.1K |
| Jul 14, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 2,480 | $785.0K |
| Jul 14, 2026 | MERRIMAN DWIGHT A Director | Sale 10b5-1 plan | 2,000 | $648.1K |
| Jul 8, 2026 | BERRY MICHAEL J Chief Financial Officer | Gift | 10,913 | $0 |
| Jul 8, 2026 | BERRY MICHAEL J Chief Financial Officer | Gift | 10,913 | $0 |
| Jul 1, 2026 | Ittycheria Dev Director | Tax withheld | 3,035 | $1.02M |
| Jul 1, 2026 | Desai Chirantan Jitendra President & CEO | Tax withheld | 3,913 | $1.31M |
| Jul 1, 2026 | BERRY MICHAEL J Chief Financial Officer | Tax withheld | 7,082 | $2.38M |
| Jul 1, 2026 | Cochran Hope F Director | Sale 10b5-1 plan | 1,000 | $350.0K |
| Jun 30, 2026 | Hazard Charles M Jr Director | Award | 767 | $0 |
| Jun 30, 2026 | DSOUZA FRANCISCO Director | Award | 184 | $0 |
| Jun 30, 2026 | DSOUZA FRANCISCO Director | Award | 767 | $0 |
| Jun 30, 2026 | Agrawal Archana Director | Award | 767 | $0 |
| Jun 30, 2026 | Hazard Charles M Jr Director | Award | 198 | $0 |
| Jun 30, 2026 | Cochran Hope F Director | Award 10b5-1 plan | 199 | $0 |
| Jun 30, 2026 | Cochran Hope F Director | Award 10b5-1 plan | 767 | $0 |
| Jun 30, 2026 | BOTHA ROELOF Director | Award | 150 | $0 |
| Jun 30, 2026 | BOTHA ROELOF Director | Award | 767 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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