MongoDB Q2 revenue beat; quarterly outlook points to deceleration
MDB•Outlook
- MongoDB raises full-year fiscal 2027 revenue outlook to $2.99 bln-$3.03 bln
- Company expects Q3 revenue between $756 mln and $761 mln vs $771.8 mln reported in Q2
- MongoDB forecasts full-year non-GAAP EPS of $6.39 to $6.58
Result drivers
- ATLAS GROWTH - Co said Atlas revenue rose 29% yr/yr, driving overall performance and prompting full-year guidance raise
- ENTERPRISE ADVANCED - Co said Enterprise Advanced and other revenue rose 36% yr/yr, contributing to total revenue growth
- AI USE CASES - Co cited early momentum with AI workloads and new retrieval features as supporting demand, per CEO CJ Desai
Quarterly results and market reaction
- Database platform provider's fiscal Q2 revenue rose 30% yr/yr, beating analyst expectations
- Shares of the company were down about 12% in extended trading
- Company raised full-year fiscal 2027 guidance, citing Atlas momentum
