MongoDB, Inc.

Strong Q2 results; momentum accelerating - Total revenue: $772M, +30% YoY (largest quarterly growth rate since FY24), and above guidance. - Atlas revenue: ~+29% YoY (5th consecutive quarter of ~29% growth), with record +$127M in quarter Atlas (consumption/ARR strength). - EA & other: +36% YoY—best quarter in ~3 years—driven by early demand after the Q2 launch of search + vector search on EA and broad-based deal momentum (financial services, public sector, tech).

Profitability and shareholder-return posture improved - Non-GAAP operating margin: 24% (vs 15% YoY), driven by strong revenue and operating leverage. - GAAP EPS profitable again: 3rd consecutive quarter of GAAP EPS profitability, and company reiterated expectation to be GAAP EPS profitable for FY27. - Cash flow: Operating cash flow $142M; free cash flow $138M (both notably higher YoY). - Buybacks: $100M in share repurchases in the quarter (plus $59M to settle employee RSUs taxes).

Guidance raised for FY27 (mainly Atlas), with disciplined caution for EA - Atlas outlook: Q3 expected ~26% growth; FY27 Atlas growth raised to ~27% (up +300 bps from prior midpoint), reflecting consistency: 6 straight quarters of YoY dollar growth and rising net ARR expansion. - EA & other outlook: FY27 ~11% growth (up from prior mid-single-digit outlook). However, Q3 is guided as mid-single-digit growth with EA second-half broadly ~flat overall—management emphasized prudence because multiyear deal timing is harder to predict. - Total revenue FY27: now $2.99B–$3.03B (+21% to +23%), targeting Rule of 44 performance at the high end. - Q3 revenue: $756M–$761M (+20% to +21% YoY).