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Jul 31
MongoDB Q2 2026 Earnings Report
MongoDB delivered strong Q2 results with accelerating Atlas growth and significant improvement in profitability.
Key Takeaways
MongoDB reported a robust Q2 FY2026 with revenue rising 24% year-over-year, driven by strong demand for Atlas and continued customer expansion. The company achieved a notable turnaround with positive non-GAAP profitability and positive free cash flow.
Revenue reached $591.4M, up 24% YoY, with Atlas comprising 74% of the total.
Non-GAAP net income was $87.2M, or $1.00 per share.
Free cash flow turned positive at $69.9M, reversing a negative result last year.
Customer base expanded to over 59,900 total customers.
MongoDB
MongoDB
MongoDB Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
MongoDB raised its full-year and Q3 guidance, reflecting strength in Atlas adoption and improved margin profile.
Positive Outlook
- Q3 revenue expected between $587M and $592M.
- Full-year revenue forecast raised to $2.34B–$2.36B.
- Non-GAAP income from operations forecasted between $66M–$70M for Q3.
- Non-GAAP EPS projected between $0.76–$0.79 for Q3.
- Full-year Non-GAAP EPS raised to $3.64–$3.73.
Challenges Ahead
- GAAP operating loss continues despite growth.
- Gross margin slightly declined YoY (71% vs. 73%).
- High stock-based compensation remains a significant cost.
- Revenue from MongoDB Enterprise Advanced continued to decline as a percentage of subscription revenue.
- Macroeconomic uncertainties and competition remain external risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income