MongoDB Inc - Ordinary Shares - Class A

Q2 performance strong; guidance beat & raised - Total revenue $772M, +30% YoY (noted as the highest quarterly growth since FY24), and above guidance. - Non-GAAP operating margin: 24% (vs 15% YoY ago); Non-GAAP EPS $1.90. - GAAP EPS profitable for the 3rd consecutive quarter; company reiterates expectations for GAAP EPS profitability in FY27.

Atlas momentum is the key driver (confidence + raised outlook) - Atlas revenue ~+29% YoY, exceeding guidance; Atlas delivered record $127M net growth in the quarter (sixth straight quarter of YoY dollar growth). - Net ARR expansion rate: 122% for the quarter (vs 119% YoY ago); expansion driven by both Atlas and EA. - Customer/usage signals: Voyage customer count nearly doubled QoQ; Vector Search adoption outpacing company growth. - Atlas forecast raised: Q3 Atlas growth ~26%; FY27 Atlas growth ~27% (raised +300 bps from prior guidance midpoint).

EA “and other” accelerating—still guided with prudence - EA and other revenue grew ~+36% YoY (exceptional; strongest quarter in ~3 years) driven by widespread demand rather than a single deal. - Positive catalyst: Q2 launch of Search + Vector Search on EA and early demand for those capabilities. - EA growth expectations: FY27 EA and other ~11% YoY (previously mid-single digit); for Q3, growth expected in the mid single digits. - Management caution: EA is driven by multi-year/self-managed deal dynamics, so they continue to guide prudent/less granular quarter-to-quarter.