- MongoDB reported Q2 revenue of $771.8 million, up 30% year over year, with Atlas revenue up approximately 29% and 2,900 net new customers.
- Management projected FY27 revenue of $2.99 billion to $3.03 billion and raised its Atlas growth outlook to approximately 27%.
- Investors were disappointed that Atlas revenue growth remained at the same rate for the fifth consecutive quarter; AI infrastructure costs also weighed on the stock.
Quotes
“I am pleased to share our very strong Q2 results”