MongoDB Reports Strong Q2 Earnings Driven by Cloud Growth
MongoDB reported second-quarter fiscal year 2027 revenue of $772 million, a 30% increase from the prior year. The growth was primarily driven by its Atlas cloud database and Enterprise Advanced offerings. The company added 2,900 new customers during the quarter, bringing total customer count to 70,600, while non-GAAP operating margin expanded to 24%. Management noted strong demand for production-scale applications but emphasized that AI remains a small contributor at this stage. MongoDB raised its full-year revenue guidance to between $2.99 billion and $3.03 billion, reflecting continued enterprise adoption of Atlas and early signs of AI workload growth. CFO Mike Berry highlighted North American enterprise customers as key drivers of performance, with over 17% year-over-year growth in the number of high-value accounts generating at least $100,000 annually. The company also reported progress on its AI initiatives, including adoption of Atlas Vector Search and Voyage models. These tools are attracting new users without prior MongoDB relationships, supported by referral traffic from coding agents like Anthropic's Claude and OpenAI’s Codex.
Tickers: $MDB
Topics: AI adoption Atlas growth cloud databases Enterprise Advanced