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Jul 31, 2025
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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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