MongoDB reported robust second quarter results, delivering 30% year-over-year revenue growth, which management noted as its highest growth level in several years. The performance was driven by a combination of mission-critical core enterprise workloads and early momentum from AI use cases. Consequently, the company raised its full-year fiscal 2027 guidance, primarily attributing the second-half increase to its cloud-hosted Atlas platform.

Key Highlights

  • Total revenue reached $771.8 million, significantly exceeding the analyst estimate of $735.1 million.
  • MongoDB Atlas revenue grew 29% year-over-year, while Enterprise Advanced and other subscription revenue surged approximately 36%.
  • Remaining Performance Obligations (RPO) jumped 91% year-over-year to $1.52 billion, with current RPO increasing 73% to $797.3 million.
  • Non-GAAP operating margin expanded substantially to 24%, up from 15% in the prior-year period.
  • The company reported its third consecutive quarter of GAAP profitability with net income of $40.9 million.