MongoDB Lifts FY27 Guidance to $2.96B and $6.14 EPS After 25% Q1 Growth
MDB•MongoDB’s Q1 revenue rose 25% to $687.6 million with adjusted EPS of $1.32, beating analyst estimates and driven by 29.4% Atlas growth to a $2 billion annual run rate. It raised fiscal 2027 revenue guidance to $2.92–2.96 billion and EPS forecast to $5.95–6.14, while shares swung 17% lower then rallied 40% before settling slightly higher.
1. Q1 Financial Highlights
MongoDB reported Q1 revenue of $687.6 million, a 25% year-over-year increase, and adjusted EPS of $1.32, up from $1.00 a year ago and ahead of the $1.19 target. Both top-line and per-share figures exceeded analyst estimates, underlining continued demand for the firm’s database solutions.
2. Atlas Platform Growth
The Atlas cloud database platform drove the quarter’s performance, delivering 29.4% growth to a $2 billion annual run rate. Atlas now represents 75% of MongoDB’s total revenue, up from 72% in the year-ago period, as customer count climbed 19% to 66,400.
3. Raised Fiscal 2027 Guidance and Market Reaction
Following the results, MongoDB lifted its fiscal 2027 revenue outlook to $2.92–2.96 billion and raised adjusted EPS guidance to $5.95–6.14. Shares initially dropped 17% after management noted that a larger Atlas business reduces revenue variability, then jumped 40% before settling modestly higher on renewed retail interest.
