MongoDB raises FY2027 revenue guidance to $2.96B following 25% Q1 growth
MDB•MongoDB reported Q1 FY2027 adjusted EPS of $1.32, beating forecasts by $0.13, and revenue of $687.6 million, up 25% year-over-year versus a $664 million estimate. The company raised Q2 revenue guidance to $729–$734 million and full-year outlook to $2.92–$2.96 billion.
1. Fiscal First Quarter Performance
MongoDB posted Q1 FY2027 adjusted EPS of $1.32, exceeding the $1.19 consensus, and revenue of $687.6 million, up 25% from last year and above the $664 million estimate. Atlas cloud revenue climbed over 29% year-over-year, while Enterprise Advanced and other revenue increased more than 13%.
2. Raised Guidance for Q2 and Fiscal Year
The company now expects Q2 revenue between $729 million and $734 million, with a midpoint of $731.5 million well above the $699 million consensus. Full-year revenue guidance was lifted to $2.92 billion–$2.96 billion against a prior $2.9 billion estimate, and adjusted EPS targets were raised to $1.58–$1.61 for Q2 and $5.95–$6.14 for the full year.
3. Customer and Cash Flow Expansion
Annual recurring revenue customers generating over $100,000 grew to 2,895 from 2,506 a year earlier. Operating cash flow nearly doubled to $201.6 million from $109.9 million year-over-year, reflecting improved profitability and operational efficiency.
4. Stock Price Movement
Shares jumped 10.6% during the trading day and surged an additional 14% in after-hours trading as investors reacted to the stronger-than-expected results and raised outlook driven by enterprise and AI demand.
