MongoDB (NASDAQ:MDB) Releases Earnings Results, Beats Expectations By $0.28 EPS

Posted by Stanley Muller on Sep 3rd, 2026

MongoDB (NASDAQ:MDB – Get Free Report) released its earnings results on Tuesday. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28, FiscalAI reports. MongoDB had a return on equity of 1.07% and a net margin of 2.12%.The business had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. MongoDB’s quarterly revenue was up 30.5% on a year-over-year basis. MongoDB updated its Q3 2027 guidance to 1.570-1.610 EPS and its FY 2027 guidance to 6.390-6.580 EPS.

Here are the key takeaways from MongoDB’s conference call:

Q2 revenue reached $772 million, up 30% year over year, exceeding guidance and marking MongoDB’s fastest quarterly growth since fiscal 2024. Non-GAAP operating margin expanded to 24% from 15% a year earlier.
Atlas revenue grew approximately 29% for the fifth consecutive quarter, supported by large enterprise customers, strong consumption, and a net ARR expansion rate that increased to 122% from 119% a year ago.
Enterprise Advanced and other revenue grew approximately 30% year over year, with demand broad across financial services, public sector, and technology. MongoDB said the launch of search and vector search for self-managed deployments is opening additional AI and hybrid-cloud opportunities.
AI adoption is gaining traction, with Voyage customers roughly doubling quarter over quarter for the second consecutive quarter, growing Atlas Vector Search usage, and increasing workloads from AI-native companies and frontier laboratories.
Management raised fiscal 2027 guidance, now expecting revenue of $2.99 billion–$3.03 billion, Atlas growth of approximately 27%, Enterprise Advanced and other growth of approximately 11%, and operating-margin expansion of about 250 basis points. Full-year free-cash-flow conversion is expected at the upper end of the 80%–100% target range.

MongoDB Stock Down 13.5%

NASDAQ:MDB opened at $375.40 on Thursday. The stock’s 50 day moving average price is $371.38 and its two-hundred day moving average price is $322.40. The firm has a market capitalization of $30.19 billion, a price-to-earnings ratio of 528.73, a P/E/G ratio of 2,412.28 and a beta of 1.58. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

Positive Sentiment: MongoDB reported fiscal second-quarter revenue of $771.8 million, up 30.5% year over year and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations near $1.62. Enterprise Advanced revenue grew approximately 36%, while management cited increasing customer adoption of artificial intelligence workloads. MongoDB Fiscal 2027 Second-Quarter Results
Positive Sentiment: The company raised its fiscal 2027 outlook to approximately $2.99 billion-$3.03 billion in revenue and $6.39-$6.58 in adjusted EPS. Third-quarter guidance of $756 million-$761 million in revenue and $1.57-$1.61 in adjusted EPS also topped consensus expectations. Several analysts remained bullish: Goldman Sachs raised its price target to $520, while Barclays, Mizuho, Scotiabank and Rosenblatt also increased targets or reiterated favorable ratings. Analyst Forecast Revisions
Neutral Sentiment: Management highlighted strong Atlas demand, record customer additions and early AI traction, but Chief Executive Officer Ed Desai said the expected Atlas growth inflection may still be a few quarters away. That timing leaves investors waiting for clearer evidence that AI-related demand will accelerate growth. MongoDB CEO Comments on Atlas Growth
Negative Sentiment: Atlas, MongoDB’s key cloud platform, grew about 29% year over year—solid performance, but insufficient for elevated market expectations. Investors also remain concerned about AI infrastructure costs and the possibility that growth will not accelerate soon. The selloff reflects valuation sensitivity and profit-taking after a strong run, despite the earnings beat and raised guidance. Analysts Discuss Atlas Growth

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Cantor Fitzgerald boosted their price target on MongoDB from $416.00 to $540.00 and gave the stock an “overweight” rating in a research report on Monday. The Goldman Sachs Group increased their price objective on MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday. Evercore began coverage on shares of MongoDB in a research note on Friday, August 21st. They issued an “outperform” rating and a $525.00 target price for the company. Morgan Stanley boosted their target price on shares of MongoDB from $380.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Weiss Ratings raised shares of MongoDB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $471.81.

Check Out Our Latest Stock Report on MongoDB

Insider Activity

In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the completion of the transaction, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. The trade was a 1.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. This represents a 76.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 40,696 shares of company stock valued at $16,098,655 over the last three months. Insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of MDB. Integrated Wealth Concepts LLC lifted its position in MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after acquiring an additional 327 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after purchasing an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of MongoDB during the second quarter worth approximately $329,000. Cresset Asset Management LLC increased its stake in shares of MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after purchasing an additional 370 shares during the period. Finally, Cerity Partners LLC lifted its holdings in MongoDB by 28.3% during the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after purchasing an additional 2,697 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

(Get Free Report)

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.