MDB Q2 2026 Earnings

Call Details

• Call Title: MongoDB, Inc. Q2 2026 Earnings Call
• Date: August 26, 2025 at 9:00 PM UTC
• Management Team:
  • Dev Ittycheria (President and CEO)
  • Mike Berry (Chief Financial Officer)
  • Jess Lubert (Vice President of Investor Relations)

Call Summary

Financial Performance

• Total revenue was $591 million, up 24% year-over-year and above the high end of guidance.
• Atlas revenue grew 29% year-over-year and represented 74% of total revenue in the quarter.
• Gross profit was $436 million, producing a gross margin of 74%, down from 75% year-over-year.
• Non-GAAP operating income was $87 million, equating to a 15% non-GAAP operating margin compared to 11% in the year-ago period.
• Net income was $87 million, or $1.00 per share, on 87 million diluted shares, versus $59 million, or $0.70 per share, in the year-ago period.
• Operating cash flow was $72 million and free cash flow was $70 million, compared with negative $1 million and negative $4 million in the year-ago period.
• The quarter included a one-time restructuring charge of approximately $5 million (excluded from non-GAAP results).

Guidance

• Full-year revenue guidance was raised by $70 million to a range of $2.34 to $2.36 billion.
• Full-year non-GAAP income from operations guidance was increased by $44 million to a range of $321 to $331 million.
• Full-year non-GAAP net income per share was guided to $3.64 to $3.73 based on 87.4 million diluted shares and a 20% non-GAAP tax provision assumption.
• Q3 revenue guidance was provided at $587 to $592 million, with non-GAAP income from operations of $66 to $70 million and non-GAAP net income per share of $0.76 to $0.79 on 87.7 million diluted shares.
• Company expects non-Atlas subscription revenue to be down mid single digits for the fiscal year versus prior expectation of high single-digit decline.
• The multi-year license revenue headwind for fiscal 26 was reduced to $40 million from a prior expectation of approximately $50 million.
• The company expects a low 20% year-over-year decline in the non-Atlas business in Q3, and implies mid-20s percentage Atlas growth for the second half of the year.