MongoDB reported first quarter revenue of $687.6 million, up 25% year-over-year and exceeding consensus by $23.1 million, while adjusted EPS reached $1.32 versus $1.19 expected. The company raised full-year guidance to $2.92–2.96 billion revenue and projected non-GAAP EPS of $5.95–6.14.
MongoDB reported Q1 revenue of $687.6 million, up 25% year-over-year and $23.1 million above consensus estimates. Subscription revenue rose 25% to $666.1 million, services revenue climbed 22% to $21.5 million, while adjusted EPS reached $1.32, surpassing forecasts by $0.13.
Growth was driven by MongoDB Atlas, which saw a 29% year-over-year revenue increase to $512.5 million, remaining the primary performance catalyst. Enterprise Advanced and other subscription revenue grew 13% to $153.7 million, reflecting broad adoption across use cases.
The company raised fiscal 2027 revenue guidance to a range of $2.92–2.96 billion, with projected non-GAAP operating income of $571–591 million. Non-GAAP EPS is expected between $5.95 and $6.14, reflecting confidence in sustained demand and profitability.
Operating cash flow reached $201.6 million, and free cash flow climbed to $197.5 million, nearly doubling the prior year's $105.9 million. Remaining performance obligations surged 88% to $1.46 billion, providing strong revenue visibility with current RPO up 69%.
247wallst
