MongoDB Q1 FY2027 Earnings Beat, Outlook Raised

MongoDB Q1 FY2027 earnings beat expectations on May 28, 2026, as management cited stronger Atlas adoption and early AI workload demand to support a raise in full-year revenue and non-GAAP EPS guidance.

Quarter Results and Liquidity

For the quarter ended April 30, 2026, MongoDB, Inc. (NASDAQ: MDB) reported total revenue of $687.6 million, up 25% year over year, with subscription revenue accounting for $666.1 million, also up 25%. Services revenue grew 22% year over year.

The company posted non-GAAP earnings per share of $1.32 and GAAP net income of $4.4 million, compared with a GAAP net loss of $37.6 million in the prior-year quarter. Free cash flow reached $197.5 million, while cash, cash equivalents, and short-term investments totaled $2.4 billion. GAAP gross margin was near 72%, and non-GAAP gross margin near 74%. Revenue growth accelerated from 22% in the previous fiscal year.

The company did not announce any mergers, acquisitions, new debt issuance, or capital-return programs.

Guidance and Atlas Growth

Management raised full-year fiscal 2027 revenue guidance to $2.92 billion to $2.96 billion and set second-quarter revenue guidance at $729 million to $734 million. Full-year non-GAAP EPS guidance was increased to $5.95 to $6.14, with second-quarter non-GAAP EPS guidance at $1.58 to $1.61. The company targets a non-GAAP operating margin of 20% for the year, assuming continued Atlas strength, resilient Enterprise Advanced demand, and normal seasonality.

Atlas remained the primary growth driver, with revenue rising more than 29% year over year in the quarter. Atlas now represents roughly three-quarters of total revenue. Enterprise Advanced and other revenue grew more than 13% year over year. Remaining performance obligations (RPO) stood at $1.46 billion, up 88% year over year, while current RPO grew about 69%, indicating durable contracted demand and greater revenue visibility.

Management highlighted “emerging AI opportunities” and noted early signs of growth tied to AI workloads on the MongoDB platform. These factors underpin the raised guidance and point to subscription momentum centered on Atlas and nascent AI workloads as incremental demand drivers for fiscal 2027.

“We delivered better-than-expected first quarter results, as our go-to-market teams continue to execute well and capitalize on strong end-market demand for the MongoDB platform across enterprise use cases and emerging AI opportunities,” said CJ Desai, president and CEO.