Key Highlights

  • Total Revenue grew 30 percent to 772 million dollars, the highest growth rate since fiscal 2024, beating guidance across all metrics.
  • Atlas revenue grew approximately 29 percent for a fifth consecutive quarter, adding a record 127 million dollars in net new Atlas dollars.
  • Enterprise Advanced and other revenue grew approximately 30 percent, its strongest quarter in three years, aided by new search and vector search capabilities.
  • Full year guidance was raised to 2.99 to 3.03 billion dollars in revenue, with Atlas growth guidance increased to approximately 27 percent for the year.

Growth reaccelerates across both major products

MongoDB (NASDAQ:MDB), the New York based provider of a document oriented database platform, reported second quarter fiscal 2027 revenue of 772 million dollars, up 30 percent year over year, its strongest quarterly growth rate since fiscal 2024. The company added a record 2,900 net new customers during the quarter, bringing its total customer count to 70,600, while non-GAAP Operating Margin reached 24 percent, up from 15 percent in the year ago period.

Atlas, the company's fully managed cloud database, grew approximately 29 percent for a fifth consecutive quarter, adding a record 127 million dollars in net new Atlas revenue dollars. Enterprise Advanced and other revenue, the self-managed offering aimed at regulated industries and large enterprises, grew approximately 30 percent, its strongest performance in three years, a result management attributed to new search and vector search capabilities introduced in the quarter alongside broad based Demand across financial services, public sector, and technology customers.

AI adoption spans enterprise, frontier labs, and native startups

Management described three distinct AI-related growth vectors during the quarter: large enterprises building AI agents on top of existing MongoDB deployments, frontier AI labs adopting the platform for inference and research workloads after migrating away from alternative databases, and AI native startups choosing MongoDB from inception or migrating to it as they scale. Voyage, the company's embedding and reranking model business, saw customer counts roughly double quarter over quarter for a second consecutive period, with a large majority of new Voyage customers having no prior relationship with MongoDB.

Total company net ARR expansion rate rose to 122 percent, up from 119 percent a year earlier, with the increase driven by strength in both Atlas and Enterprise Advanced simultaneously. Remaining performance obligations reached 1.52 billion dollars, up 91 percent year over year, though management cautioned that multi-year Enterprise Advanced deals remain inherently difficult to predict and contributed to this outsized RPO growth relative to revenue in the period.

Guidance raised, though fourth quarter comparisons grow tougher

Management raised full year revenue guidance to 2.99 to 3.03 billion dollars, representing 21 to 23 percent growth, while increasing full year Atlas growth guidance by 300 basis points to approximately 27 percent based on consistent outperformance over the past several quarters. Third quarter Atlas growth guidance of approximately 26 percent reflects what management described as its toughest year over year comparison of the year, alongside a standard practice of guiding conservatively for quarters further from the reporting date.

A key open question raised by analysts was whether fourth quarter guidance implies deceleration, though management maintained that its guidance philosophy has not changed and that no large bundled deals inflated the current quarter's results, addressing a dynamic that affected results in the prior year's fourth quarter. Enterprise Advanced growth, while strong, depends heavily on the timing of large multi-year contract renewals that are difficult to forecast precisely, introducing quarter to quarter variability even as the full year trajectory for that Business has improved from mid single digit to double digit growth guidance.

A durable acceleration built on multiple growth vectors

MongoDB's second quarter shows accelerating growth driven by genuinely broad based demand rather than a single product or customer segment, spanning traditional enterprise workloads, Enterprise Advanced adoption in regulated industries, and multiple distinct AI use cases. Whether this acceleration can be sustained into the back half of the fiscal year likely depends on continued large enterprise consumption trends in Atlas and the timing of Enterprise Advanced renewal cycles, both of which carry some inherent unpredictability even as underlying business fundamentals appear to be strengthening.