MongoDB — 2026Q3 earnings

“Second quarter fiscal 2027 total revenue of $771.8 million, up 30% year-over-year”

“Atlas revenue up approximately 29% year-over-year in the second quarter fiscal 2027”

“EA & other revenue up approximately 36% year-over-year in the second quarter fiscal 2027”

“Income from operations was $28.4 million for the second quarter of fiscal 2027, compared to a loss from operations of $65.3 million in the year-ago period.”

“We delivered a non-GAAP operating margin of 24%, up significantly from 15% a year ago, while free cash flow nearly doubled year-over-year to $137.6 million.”

“Non-GAAP net income was $162.6 million, or $1.90 per share, based on 85.8 million fully diluted weighted-average shares outstanding.”

“RPO was $1,519.2 million, an increase of 91% year-over-year.”

“MongoDB Search and Vector Search are now generally available in MongoDB Enterprise Advanced”

“Raising full year fiscal 2027 guidance, with H2 raise mainly due to Atlas”

“For the third quarter, we expect total revenue of $756 million to $761 million, representing 20% to 21% year over year growth.”

“For fiscal 27, we now expect total revenue of $2.99 billion to $3.03 billion representing full year growth of 21% to 23%”

“we expect Atlas growth of approximately 26% in Q3 and we are raising our full year growth expectation to approximately 27% an increase of 300 basis points from the midpoint of our prior guidance.”

“We are raising our full year expectations for EA and other revenue to approximately 11% growth in fiscal 27 up from our prior guidance of mid single digit growth.”

“We continue to expect EA and other revenue to be approximately flat in the second half with growth in the mid single digits in the third quarter. Because multiyear deals are inherently hard to predict, we will continue to be prudent in how we guide the EA business.”

“We ended the quarter with 70.6 thousand customers, adding a record 2.9 thousand net new customers in the period.”

“net ARR expansion rate which increased to 122% for the quarter compared to 119% a year ago.”

“We will always be prudent more than a quarter out, and that is what is reflected in the guidance. I also want to address your comment about Q4 and just be super clear on the call. Hey, there were no large bundled deals in the quarter. There was none of that Q4 dynamic this quarter.”

“And when the team did analysis, on where is the referral for our voyage is coming, As you would have imagined, most of this referral is coming via coding agents.”