Earnings preview

MongoDB, Inc. MongoDB, Inc. Q2 FY2027 Earnings Results vs. Expectations

ReportsSep 1, 2026
SlotAfter Market Close

Results are out

This quarter has reported. The consensus below is what we expected going in.

Read the release →

What the Street expects

EPS · NON-GAAP
$1.62
Guided $1.58–$1.61
QoQ—
YoY—
Revenue
$731.5M
Guided $729M–$734M
QoQ+6.4%
YoY+23.7%

QoQ and YoY are what the consensus implies against the prior quarter and the prior year.

Also on the card
Company guidance $729-$734M revenue, non-GAAP EPS $1.58-$1.61
GAAP EPS $0.08-$0.12 guided for the same quarter
The wedge $1.50 a share between the two bases
Stock comp $137.8M in April, 20.0% of revenue
Implied H2 +13.2% to +16.6%, against +25.2% in April
Full-year guide $2.92-$2.96B revenue
Quarter ended July 31, 2026

Q2 FY2027 reported results

What to watch

  1. The full-year revenue range, currently $2.92–2.96 billion. Raised, the second-half deceleration it implies was conservatism. Left alone after a beat, it becomes a forecast the business has to hit.
  2. Atlas growth against the 29%-plus printed in April, and whether it is still the reason the guide moves. Atlas is the line every case in the model turns on.
  3. Both EPS figures — non-GAAP against $1.58–1.61 and $1.62 expected, GAAP against $0.08–0.12. Check which basis any headline is quoting before reading a percentage off it.
  4. Share-based compensation against $137.8 million and 20.0% of revenue. This is the wedge. If revenue grows 24% and the charge grows faster, the gap between the two guides widens again next quarter.
  5. Current RPO against $766.3 million and +69%. It is the only forward-looking volume disclosure MongoDB publishes, and it currently disagrees with the second half the company has guided.

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Estimate against reported

$2.27$0.66−$0.95FY2025 Q4 reported $0.19FY2025 Q4FY2026 Q1 reported −$0.46FY2026 Q1FY2026 Q2 reported −$0.58FY2026 Q2FY2026 Q3 reported −$0.02FY2026 Q3FY2026 Q4 reported $0.18FY2026 Q4FY2027 Q1 reported $0.05FY2027 Q1FY2027 Q2 estimate $1.62FY2027 Q2 reported $1.90FY2027 Q2
Our published estimate Reported EPS
QuarterEstimateReportedSurprise
FY2025 Q4 — $0.19 —
FY2026 Q1 — −$0.46 —
FY2026 Q2 — −$0.58 —
FY2026 Q3 — −$0.02 —
FY2026 Q4 — $0.18 —
FY2027 Q1 — $0.05 —
FY2027 Q2 $1.62 $1.90 +17%

Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.

Every quarter

Q2 FY2027Q1 FY2027Q4 FY2026Q3 FY2026Q2 FY2026Q1 FY2026Q4 FY2025

Read the full preview → Q2 FY2027 release page View MDB stock page