Key Highlights

● Total Revenue rose 30% year on year to $771.8 million in the quarter.

● GAAP income from operations was $28.4 million, versus a loss a year earlier.

● Atlas revenue rose approximately 29% to $565.9 million during the quarter.

● Full-year revenue guidance was raised to $2.99 billion to $3.03 billion.

MongoDB, Inc. (NASDAQ:MDB) reported second-quarter fiscal 2027 results on 1 September 2026, covering the three months to 31 July 2026. Total revenue was $771.8 million, up 30% on a year earlier, and the company moved from a GAAP operating loss to a GAAP operating profit. Together with a raised full-year forecast, the quarter shows the database software provider combining fast growth with improving operating leverage.

What MongoDB sells

MongoDB develops a document-oriented database platform, a type of software that stores information in flexible, JSON-like records instead of rigid tables. Developers use it to build modern applications across many industries and company sizes worldwide. Its largest product is Atlas, a cloud service that MongoDB runs on public cloud infrastructure and bills according to usage. The other main line is Enterprise Advanced, a licence-based version customers operate themselves. The Business sits in the enterprise software and cloud infrastructure sector, where customers weigh switching costs and the pace of application development against cloud spending budgets.

Growth, profit and cash generation

Subscription revenue was $747.1 million, up 31%, and services revenue was $24.6 million, up 29%. Atlas revenue rose approximately 29% to $565.9 million, while Enterprise Advanced and other revenue rose approximately 36% to $181.2 million. MongoDB reported more than 70,600 customers, including more than 69,300 Atlas customers and 2,999 customers paying over $100,000.

GAAP income from operations was $28.4 million, compared with a loss of $65.3 million a year earlier. Non-GAAP income from operations was $185.9 million, a Margin of 24%. GAAP Net Income was $40.9 million, or $0.50 per diluted share, and non-GAAP net income was $162.6 million, or $1.90 per share. Operating Cash Flow was $141.9 million and free cash flow $137.6 million, against $69.9 million a year before. Cash, equivalents, short-term investments and restricted cash totalled $2.4 billion.

Chief executive CJ Desai highlighted "30% year-over-year revenue growth", and chief financial officer Mike Berry said results reflected "very strong and growing operating leverage".

Guidance and sector context

For the third quarter of fiscal 2027, MongoDB guided to revenue of $756 million to $761 million, which is lower than the second-quarter figure, and non-GAAP Operating Income of $152.0 million to $156.0 million. It expects a GAAP operating loss of $10.5 million to $14.5 million for that quarter. For the full year it raised revenue guidance to between $2.99 billion and $3.03 billion, with non-GAAP operating income of $616.3 million to $636.3 million and non-GAAP Earnings Per Share of $6.39 to $6.58. The company continues to guide to a small GAAP operating loss for the year, of between $8.0 million and $28.0 million.

The sequential dip in guided revenue is not explained in the material reviewed, so readers should treat it as a figure to monitor, not as evidence of any particular cause. More broadly, database vendors compete with large cloud providers and other specialists, and consumption-based pricing means revenue can respond to customers' usage patterns.

MongoDB's Atlas Trajectory Ahead

The main uncertainties are visible in the guidance itself. Atlas is a usage-based product, so growth depends on how much customers run on it, which can vary with their own budgets and application launches. Non-GAAP profitability is far higher than GAAP profitability, with share-based compensation and other items accounting for the difference, so the two measures should be read together. Competition from hyperscale cloud providers remains a structural feature of the sector.

Developments to watch include whether third-quarter revenue lands within the guided range, how Atlas growth compares with the roughly 29% reported here, whether the count of larger customers keeps rising, and how the company's GAAP operating result evolves for the rest of the fiscal year. The next Quarterly Report will provide the next verified data points.