MongoDB Inc. (NASDAQ:MDB) posted its second-quarter fiscal 2027 results after Tuesday’s closing bell, beating analyst estimates and raising its full-year guidance.
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MongoDB Q2 Details
MongoDB reported quarterly earnings of $1.90 per share, which beat the Street estimate of $1.61 by 18.01%, according to data from Benzinga Pro.
Quarterly revenue came in at $771.77 million, which beat the consensus estimate of $732.91 million and was up from $591.4 million in the same period last year.
Subscription revenue was $747.1 million, an increase of 31% year-over-year, and services revenue was $24.6 million, an increase of 29% year-over-year.
“We delivered strong second quarter results, highlighted by 30% year-over-year revenue growth — the highest level of growth in several years — and continued strong profitability,” said CEO CJ Desai.
“This performance reflects the mission-critical role our platform plays for customers, with strength driven by core enterprise workloads and early momentum with AI use cases,” Desai added.
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Looking Ahead
MongoDB raised its fiscal 2027 adjusted EPS guidance to $6.39-$6.58, versus the $6.11 analyst estimate, and raised its revenue outlook to between $2.99 billion and $3.03 billion, versus the $2.95 billion estimate.
MDB Stock Price: According to data from Benzinga Pro, MongoDB stock was down 13.44% to $375.85 in Tuesday’s extended trading.
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