MongoDB raises outlook after 30% jump in Q2 sales
MongoDB reported second-quarter sales up 30% and raised its full-year outlook. Analysts cited by Morgan Stanley said investors had high expectations heading into the results.
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MongoDB (NASDAQ: MDB ) held its second-quarter earnings conference call on Tuesday.
Below is the complete transcript from the call.
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View the webcast at Summary MongoDB reported Q2 fiscal 2027 revenue of $772 million, a 30% year-over-year increase, with Atlas revenue growing 29% and EA and Other revenue growing 36%.
The company added a record 2,900 net new customers, reaching a total of 70,600, driven by strong adoption of AI-related services such as Atlas Vector Search and Voyage embeddings.
MongoDB raised its full-year fiscal 2027 guidance, expecting total revenue growth of 21% to 23% and non-GAAP operating margins to expand by 250 basis points, driven by strength in Atlas.
The company highlighted strategic initiatives including the integration of AI workloads across various industries and the launch of a managed MCP server to support AI applications.
Management emphasized the non-competing growth of Atlas and EA, as both platforms are being adopted for different use cases, including customer-facing workloads and AI applications.
Full Transcript OPERATOR Hello and welcome to MongoDB's second quarter fiscal 2027 earnings call.
At this time, all participants are in a listen-only mode.
After the speakers' presentation, there will be a question-and-answer session.
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I would now like to hand the conference over to Jess Lubert, Vice President of Investor Relations.
You may begin.
Jess Lubert, Vice President of Investor Relations Thank you, operator.
Good afternoon, and thank you for joining us today to review MongoDB's second quarter fiscal 2027 financial results, which we announced in our press release issued after the close of market today.
Joining me on the call today are CJ Desai, President and CEO of MongoDB, and Mike Berry, CFO of MongoDB.
During this call, we will make forward-looking statements, including statements related to our market and future growth opportunities, our opportunity to win new business, our expectations regarding Atlas consumption growth, the impact of EA and other business and multi-year license revenue, and the long-term opportunity of AI, our financial guidance and underlying assumptions, including expectations regarding profitability and operating margin, and our investments and growth opportunities in AI.
These statements are subject to a variety of risks and uncertainties, including the results of operations and financial conditions that could cause actual results to differ materially from our expectations.
For a discussion of material risks and uncertainties that could affect our actual results, please refer to the risks described in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2026, filed with the SEC on September 1, 2026.
Any forward-looking statements made on this call reflect our views only as of today, and we undertake no obligation to update them except as required by law.
Additionally, we will discuss non-GAAP financial measures on this conference call.
Please refer to the tables in our earnings release on the Investor Relations portion of our website for a reconciliation of these measures to the most directly comparable GAAP financial measures.
With that, I'd like to turn the call over to CJ.
Chirantan Desai, President and Chief Executive Officer and thanks everyone for joining us today.
I'm pleased to share our very strong Q2 results.
Total revenue of $772 million, up 30% year over year and representing the highest level of quarterly growth seen since fiscal year 24.
Atlas revenue grew approximately 29% year over year for the fifth straight quarter, driven by large enterprise customers and building AI momentum.
EA and Other had a standout quarter, growing 36% year over year due to widespread strength driven by our run-anywhere capabilities.
We generated a non-GAAP operating margin of 24%, driven by the strong revenue growth we delivered.
We ended the quarter with 70,600 customers, adding a record 2,900 net new customers in the period.
Voyage customer count nearly doubled quarter over quarter, and Atlas Vector Search adoption continues to outpace the growth of the rest of the company, showing our strong early momentum for AI workloads.
Our core business remains strong and our run-anywhere advantage is a key differentiator for this quarter's growth across both Atlas and EA.