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.
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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