May. 29 at 2:14 AM
MongoDB reported better-than-expected fiscal Q1 2027 results, with revenue rising 25% year over year to
$688 million, driven mainly by strong growth in its Atlas cloud database platform. Atlas revenue increased 29.4% and now accounts for about 75% of total revenue, while customer growth and enterprise demand remained solid across finance, technology, and media sectors.
The company also improved profitability, posting an 18% non-GAAP operating margin and a second straight quarter of GAAP profitability. Operating cash flow climbed to
$202 million, and MongoDB ended the quarter with 67,700 customers and a 121% net ARR expansion rate.
Management highlighted early but growing momentum in AI and agentic workloads, citing increased adoption of vector search and AI-native applications by customers such as Zoom, Adobe, and Zomato. MongoDB also raised its fiscal 2027 guidance and expects full-year revenue between
$2.92 billion and
$2.96 billion as it continues investing in AI.
$MDB $ZM $ADBE