MongoDB Reports Q2 Fiscal 2027 Revenue Of $771.8 Million, Up 30%, And Raises Full-Year Guidance
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MongoDB reported second-quarter fiscal 2027 revenue of $771.8 million, increasing 30% year over year, marking the company's highest revenue growth rate in several years. Atlas revenue increased approximately 29% year over year, while MongoDB Enterprise Advanced and other revenue grew approximately 36%. Subscription revenue totaled $747.1 million, up 31%, while services revenue increased 29% to $24.6 million. MongoDB reported GAAP net income of $40.9 million, or $0.50 per diluted share , compared with a net loss of $47 million, or $0.58 per share, in the year-ago quarter. Non-GAAP net income increased to $162.6 million, or $1.90 per fully diluted share, from $87.2 million, or $1 per share, a year earlier. GAAP gross margin improved to 74% from 71%, while non-GAAP gross margin increased to 76% from 74%. MongoDB generated GAAP operating income of $28.4 million compared with a $65.3 million operating loss a year earlier. Non-GAAP operating income reached $185.9 million, producing a 24% non-GAAP operating margin, up from 15% in the prior-year period. Free cash flow nearly doubled to $137.6 million, compared with $69.9 million a year earlier. MongoDB generated $141.9 million in operating cash flow during the quarter and ended July with approximately $2.4 billion in cash, cash equivalents, short-term investments and restricted cash. Remaining performance obligations...
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