Description

MongoDB’s 70,600-Customer Base Builds A Larger Enterprise Growth Engine!

MongoDB reported strong financial and operational results for its second quarter of fiscal year 2027, with total revenue reaching $771.8 million, marking 30% year-over-year growth—the fastest growth since fiscal 2024. Atlas, the company’s cloud database service, grew approximately 29% year-over-year for the fifth consecutive quarter, driven primarily by large enterprise customers and expanding momentum in artificial intelligence (AI) workloads. The Enterprise Advanced (EA) segment, encompassing self-managed deployments, experienced even stronger growth of 36% year-over-year, partly due to the recent launch of Search and Vector Search capabilities that support AI applications in governed environments. MongoDB’s operating efficiency also improved, with non-GAAP operating margin expanding to 24%, up from 15% in the prior-year period. The company maintained GAAP profitability for the third straight quarter, with non-GAAP net income of $163 million or $1.90 per share, compared to $87 million or $1.00 per share a year ago.