MongoDB Raises Fiscal 2027 Outlook Following Strong Q2 Performance
MongoDB Inc (NASDAQ:MDB) reported better-than-expected second-quarter fiscal 2027 results, with revenue and adjusted earnings surpassing analyst estimates. Revenue for the quarter reached $771.8 million, up 30% year-over-year to exceed forecasts of around $735 million. Subscription revenue grew by 31%, while services revenue increased by 29%. Non-GAAP net income was $162.6 million or $1.90 per diluted share, surpassing expectations of approximately $1.60–$1.62 per share. MongoDB also returned to GAAP profitability with a net income of $40.9 million compared to a prior-year loss. The company raised its full-year fiscal 2027 revenue forecast to between $2.99 billion and $3.03 billion, along with an upward revision in non-GAAP earnings per share guidance. Despite the strong results, MongoDB's shares fell over 12% after hours due to concerns about a projected sequential decline in third-quarter revenue.
Tickers: $MDB
Topics: Cloud Business Expansion MongoDB Q2 Results Revenue Growth