Description

MongoDB: How Atlas, Enterprise Contracts, and AI Applications Are Driving Platform Expansion!

MongoDB reported fourth quarter fiscal 2026 revenue of $695 million, representing 27% year-over-year growth and exceeding the upper end of management’s guidance. Growth was primarily driven by continued expansion of the Atlas cloud database platform, which grew 29% year-over-year and accounted for 72% of total revenue. Atlas surpassed a $2 billion annualized revenue run rate during the quarter and delivered $114 million in net new revenue. The company also saw improvement in the non-Atlas segment, which grew 20% year-over-year, marking its strongest quarterly growth in roughly two years. The quarter included several large transactions, including a roughly $90 million Atlas expansion with a technology company and a contract exceeding $100 million with a financial institution for Enterprise Advanced, the company’s largest total contract value deal to date. Operating performance also improved. Non-GAAP operating margin reached 23%, more than 100 basis points above guidance, supported primarily by stronger-than-expected revenue.