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MongoDB Jumps After Earnings Beat, Raised Outlook

Accelerating Atlas usage signaled renewed momentum in customer growth.

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Overview

  • The company reported fiscal Q2 revenue of $591 million and adjusted earnings of $1.00 per share, topping LSEG consensus estimates.
  • MongoDB Atlas revenue grew 29% year over year and accounted for 74% of total sales.
  • MongoDB added 2,800 customers in the quarter and more than 5,000 year to date, bringing the total to over 59,900 as AI-focused companies adopted its platform.
  • Results marked a profitability and cash-flow turn with non-GAAP net income of $87.2 million and positive free cash flow of $69.9 million.
  • Management raised full-year fiscal 2026 guidance to $2.34–$2.36 billion in revenue and $3.64–$3.73 adjusted EPS, and issued Q3 guidance above estimates at $587–$592 million in revenue and $0.76–$0.79 EPS, as shares rose roughly 30% in early trading.