MongoDB, Inc. (MDB) Announced Q2 2027 Earnings on September 1, 2026, Reporting "Total revenue in the second quarter was $771.8 million representing 30% year-over-year growth"

MongoDB reported strong financial results for the second quarter of fiscal year 2027.

Michael Berry stated that "Total revenue in the second quarter was $771.8 million representing 30% year-over-year growth" compared to 24% growth in the year-ago period.

Atlas revenue grew approximately 29% year-over-year, marking the sixth straight quarter of year-over-year dollar growth, adding a "record $127 million in the quarter". Chirantan Desai reported that "EA and other had a standout quarter, growing 36% year-over-year due to widespread strength driven by our run anywhere capabilities", while Michael Berry noted that EA and other revenue grew approximately 30% year-over-year.

The company delivered a non-GAAP gross margin of 75.9% and non-GAAP income from operations of $185.9 million, resulting in a non-GAAP operating margin of 24%.

Second quarter non-GAAP net income was $162.6 million, or $1.90 per share.

Operating cash flow was $141.9 million and free cash flow was $137.6 million, bringing first-half free cash flow to $335 million.In terms of business updates, Chirantan Desai highlighted that MongoDB is "emerging as the real-time intelligent data platform for modern application in the multi-cloud and AI era." The company ended the quarter with 70,600 total customers, adding a sequential record of approximately 2,900 net new customers.

Desai pointed out that "Voyage customer count nearly doubled quarter-over-quarter" and "Atlas Vector Search adoption continues to outpace the growth of the rest of the company, showing our strong early momentum for AI workloads." Additionally, total company net ARR expansion rate increased to 122% from 121% in the prior quarter. To expand its developer reach, MongoDB launched a managed Model Context Protocol Server, allowing developers and agents to connect directly to MongoDB when using tools such as Claude Code, Codex, Grok Build, Cursor, and Devin.

For the third quarter of fiscal year 2027, management expects total revenue of $756 million to $761 million, representing 20% to 21% year-over-year growth.

Non-GAAP income from operations is projected to be $152 million to $156 million, with non-GAAP net income per share of $1.57 to $1.61.

For the full year fiscal 2027, MongoDB raised its guidance, expecting total revenue of $2.99 billion to $3.03 billion, representing growth of 21% to 23%.

Non-GAAP income from operations is expected to be $616.3 million to $636.3 million, with non-GAAP net income per share of $6.39 to $6.58.

Michael Berry noted that full-year Atlas revenue growth is expected to be approximately 27% and that "EA and other is projected to grow at a double-digit rate for the full year" at approximately 11% growth.

Operating margin is expected to expand by approximately 250 basis points, and full-year free cash flow conversion is anticipated to be at the upper end of the 80% to 100% target range.On the product and partnership front, MongoDB launched Search and Vector Search capabilities on Enterprise Advanced during the second quarter.

Desai noted this addresses customer interest in taking a consolidated approach to building artificial intelligence in governed, self-managed environments. In addition, MongoDB introduced Automated Voyage Embeddings in Atlas for one-click Vector Search setup, launched the voyage-code-4 model purpose-built for code, and released an upgraded Reranking API. A key partnership integration with Claude was highlighted, featuring Anthropic's Chief Commercial Officer Paul Smith, who commented that a new managed MCP Server allows developers to "explore query and manage their MongoDB data without ever leaving Claude."📈 Would you like me to draft some social media tweets or a brief analysis of the analyst Q&A from this Q2 call to accompany these show notes?

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