MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook

MongoDB (NASDAQ: MDB) delivered stronger-than-expected first-quarter fiscal 2027 results, fueled by growing demand for its database platform among enterprises and organizations developing artificial intelligence applications. The company exceeded Wall Street forecasts on both revenue and earnings while increasing its full-year guidance, highlighting continued momentum across its business.

For the quarter, MongoDB reported adjusted earnings per share (EPS) of $1.32, surpassing analyst expectations of $1.19. Revenue climbed 25% year-over-year to $687.6 million, beating the consensus estimate of $664 million. The company’s Atlas cloud database platform remained a major growth driver, with revenue increasing more than 29% compared to the same period last year. Meanwhile, Enterprise Advanced and other revenue streams posted growth of more than 13%.

Following the earnings release, MongoDB stock initially surged more than 20% in after-hours trading. However, some of those gains faded after executives provided additional commentary during the earnings call. The stock had already gained 10.6% during regular trading as investors anticipated a strong performance after positive results from several major software companies.

Looking ahead, MongoDB issued an optimistic outlook for the second quarter. The company expects revenue between $729 million and $734 million, significantly above analyst estimates of approximately $699 million. MongoDB also raised its full-year fiscal 2027 revenue forecast to a range of $2.92 billion to $2.96 billion, exceeding market expectations.

President and CEO CJ Desai said the company benefited from effective execution by its sales teams and strong market demand for MongoDB’s platform, particularly across enterprise workloads and emerging AI opportunities. He added that while current results are primarily supported by core business activity, AI and agentic workloads are becoming increasingly important growth drivers.

Despite the positive results, management urged investors to remain realistic about future performance. CFO Mike Berry noted that Enterprise Advanced revenue is expected to grow around 20% in the second quarter due to several large multi-year agreements. However, he also indicated that full-year Enterprise Advanced growth is likely to remain in the mid-single-digit range, suggesting slower growth during the second half of the fiscal year.

MongoDB also projected second-quarter adjusted EPS of $1.58 to $1.61, well above analyst expectations. Full-year adjusted EPS guidance was increased to a range of $5.95 to $6.14. Additionally, the company reported 2,895 customers generating more than $100,000 in annual recurring revenue, up from 2,506 a year earlier. Operating cash flow nearly doubled to $201.6 million, underscoring MongoDB’s strong financial position and continued expansion in the database and AI markets.