MongoDB Q1 Earnings & Revenues Surpass Estimates, Increases Y/Y

MongoDB, Inc.MDB delivered first-quarter fiscal 2027 non-GAAP earnings of $1.32 per share, up 32% year over year and beating the Zacks Consensus Estimate by 11.86%.

Total revenues increased 25.3% year over year to $687.62 million and surpassed the consensus estimate by 3.84%.

Segment-wise, subscription revenues rose 25% year over year to $666.1 million, representing the dominant share of total revenues. Services revenues increased 22% year over year to $21.5 million, reflecting continued strength in the company’s subscription-led business model.

Within subscription revenues, Atlas-related revenues totaled $512.5 million, while MongoDB Enterprise Advanced and other revenues were $153.7 million. Management noted that Atlas represented roughly three-quarters of total first-quarter revenues, underscoring the continued momentum in the company’s cloud platform business. 

MDB’s Q1 Customer Metrics

The company ended the fiscal first quarter with more than 67,700 customers, up from 57,100 in the prior-year period, adding 2,500 customers sequentially during the quarter.

Atlas customers exceeded 66,400 by the end of the quarter, increasing from 55,800 in the year-ago period.

In the first quarter of fiscal 2027, MongoDB had 2,895 customers with annual recurring revenues of at least $100,000, up from 2,506 in the prior-year quarter. Revenue growth from this cohort outpaced overall company revenue growth, reflecting sustained enterprise adoption.

The company also highlighted expanding platform adoption, with 45% of Atlas customers generating at least $100,000 in ARR using two or more features compared with 37% in the prior-year quarter. Total company net ARR expansion improved to 121%, reflecting healthy customer consumption trends.

Operating Details of MDB

In the fiscal first quarter, MongoDB’s non-GAAP gross profit was $512.2 million, while the non-GAAP gross margin remained stable year over year at 74%.

Non-GAAP sales and marketing expenses increased 18.6% year over year to $214.7 million. Sales and marketing expenses, as a percentage of revenues, decreased 170 basis points (bps) year over year to 31.2%.

Non-GAAP research and development expenses grew 26.5% on a year-over-year basis to $127.1 million. Research and development, as a percentage of revenues, increased 20 bps year over year to 18.5%.

Non-GAAP general and administrative expenses rose 25.5% year over year, reaching $47.3 million in the reported quarter. General and administrative expenses, as a percentage of revenues, remained the same year over year to 6.9%. 

MongoDB reported non-GAAP income from operations of $123.2 million, up from $87.4 million in the prior-year quarter. The non-GAAP operating margin expanded to 18% from 16%, reflecting improved operating leverage and continued revenue strength.

MongoDB's Balance Sheet & Cash Flow

As of April 30, 2026, MongoDB had cash, cash equivalents and short-term investments of $2.4 billion compared with $2.4 billion as of Jan. 31, 2026. 

Operating cash flow was $201.6 million in the fiscal first quarter, up from $179.6 million reported in the prior quarter. 

Free cash flow during the quarter was $197.5 million compared with $105.9 million in the prior quarter.

MongoDB Raises Fiscal 2027 Guidance

For the second-quarter fiscal 2027, MongoDB expects revenues between $729 million and $734 million. Non-GAAP earnings are projected in the range of $1.58 to $1.61 per share.

For fiscal 2027, MongoDB now anticipates revenues between $2.92 billion and $2.96 billion. Non-GAAP earnings are expected between $5.95 and $6.14 per share following the company’s stronger-than-expected first-quarter performance.

MDB’s Zacks Rank & Stocks to Consider

MongoDB currently carries a Zacks Rank #3 (Hold).

Micron Technology MU, Ciena CIEN and Amphenol APH are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. MU and CIEN each sport a Zacks Rank #1 (Strong Buy), while APH carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Micron Technology shares have soared 225% in the year-to-date period. The company is scheduled to release third-quarter fiscal 2026 results on June 24. 

Ciena shares have returned 143.9% in the year-to-date period. The company is set to report second-quarter fiscal 2026 results on June 4. 

Amphenol shares have gained 9.3% in the year-to-date period. The company is expected to report second-quarter fiscal 2026 results on July 29.

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