🔹 Revenue: $591.4M (Est. $552.6M) 🟢; UP +24% YoY
🔹 EPS: $1.00 (Est. $0.66) 🟢
FY26 Guidance:
🔹 Revenue: $2.34B–$2.36B (Est. $2.29B) 🟢; UP +10% YoY
🔹 EPS: $3.64–$3.73 (Est. $3.20) 🟢
Q3 Guidance:
🔹 Revenue: $587M–$592M (Est. $582.3M) 🟢
🔹 EPS: $0.76–$0.79 (Est. $0.72) 🟢
Other Metrics:
🔹 Subscription Revenue: $572.4M; UP +23% YoY
🔹 Atlas Revenue: 74% of total; UP +29% YoY
🔹 Services Revenue: $19.0M; UP +33% YoY
🔹 Gross Profit: $420M; 71% margin (vs. 73% prior year)
🔹 Adj Gross Profit: $436M; 74% margin (vs. 75% prior year)
🔹 Adj Operating Income: $86.8M (vs. $52.5M prior year)
🔹 Adj Net Income: $87.2M (Est. $0.66/sh) 🟢; UP vs. -$59M YoY
🔹 Operating Cash Flow: $72.1M (vs. -$1.4M prior year)
🔹 Free Cash Flow: $69.9M (vs. -$4M prior year)
🔹 Cash & Investments: $2.3B
Business / Segment Highlights:
🔹 Added 2,800 customers in Q2; total 59,900+ customers
🔹 Over 5,000 new customers added YTD (record first half)
🔹 Strength in AI workloads—vector search, LangChain partnerships, Voyage AI models
🔹 Expanding in public sector: pursuing FedRAMP High & DoD IL5 for Atlas
CEO Commentary:
🔸 “MongoDB delivered strong Q2 results, highlighted by Atlas growth accelerating to 29% and record new customer additions.”
🔸 “We are raising guidance for the rest of the year as we drive profitable growth.”
🔸 “Many new customers are building AI applications, reinforcing MongoDB as a key component of the AI infrastructure stack.”
