MongoDB Q1 Revenue Climbs 25%, Non-GAAP Net Income Jumps to $112.3M
MDB•MongoDB reported Q1 revenue of $687.6 million, up 25% year-over-year, and non-GAAP net income surged to $112.3 million ($1.32 per share) from $86.3 million. The company raised fiscal 2027 revenue guidance to $2.92–2.96 billion and announced an acquisition to expand its US Federal vertical.
1. Strong Q1 Financial Performance
MongoDB posted first-quarter fiscal 2027 revenue of $687.6 million, a 25% increase year-over-year, led by subscription revenue growth to $666.1 million. Non-GAAP net income reached $112.3 million, or $1.32 per share, compared with $86.3 million and $1.00 per share in the prior year, while GAAP net income was $4.4 million.
2. Guidance Raise for Fiscal 2027
Based on robust demand, MongoDB raised its full-year fiscal 2027 revenue outlook to $2.92–2.96 billion and set second-quarter revenue guidance at $729–734 million with EPS of $1.58–1.61. This upward revision reflects confidence in sustained growth across enterprise and AI-driven use cases.
3. Strategic Acquisition and AI Expansion
MongoDB acquired Clarity Business Solutions to strengthen its US Federal vertical, maintaining Clarity as a separate entity during integration. At a recent conference, the company unveiled seven new AI platform capabilities and bolstered its leadership team with new CRO, CISO and product officers to drive go-to-market and security initiatives.
