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MongoDB

MDB Q1 2026 Earnings

Reported Jun 4, 2025 at 4:03 PM ET · SEC Source

Q1 26 EPS

$1.00

BEAT +51.95%

Est. $0.66

Q1 26 Revenue

$549.0M

BEAT +4.08%

Est. $527.5M

vs S&P Since Q1 26

-6.4%

TRAILING MARKET

MDB +15.1% vs S&P +21.5%

Market Reaction

Did MDB Beat Earnings? Q1 2026 Results

MongoDB delivered a standout first quarter of fiscal 2026, posting earnings per share of $1.00 against a consensus estimate of $0.66, a 51.95% beat, while revenue of $549.01 million topped expectations by 4.08% and grew 21.9% year over year. The prim… Read more MongoDB delivered a standout first quarter of fiscal 2026, posting earnings per share of $1.00 against a consensus estimate of $0.66, a 51.95% beat, while revenue of $549.01 million topped expectations by 4.08% and grew 21.9% year over year. The primary engine behind the outperformance was MongoDB Atlas, the company's cloud-hosted database platform, which expanded 26% year over year and accounted for 72% of total quarterly revenue, reflecting an accelerating mix shift away from on-premises deployments. Profitability saw equally sharp improvement, with non-GAAP operating margin expanding to 16% from just 7% in the year-ago period, and free cash flow nearly doubling to $105.92 million. The company also added a record 2,600 net new customers in the quarter, its strongest such figure in six years. Shares surged on the results, with analysts lifting price targets in response. Looking ahead, MongoDB guided full-year fiscal 2026 revenue of $2.25 billion to $2.29 billion, with non-GAAP EPS of $2.94 to $3.12, signaling continued confidence in its growth trajectory.

Key Takeaways

  • • MongoDB Atlas revenue grew 26% year-over-year, comprising 72% of total Q1 revenue
  • • Highest total net customer additions in six years with 2,600 new customers added
  • • Non-GAAP operating margin expanded to 16% from 7% in the year-ago period
  • • Customers with $100K+ in ARR/annualized MRR grew to 2,506 from 2,137 year-over-year
24/7 Wall St

MDB YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

MDB Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q4 26

“MongoDB is off to a strong start in fiscal 2026 with 26% Atlas revenue growth, meaningful margin outperformance, and the highest total net customer additions in six years. Enterprises and startups are choosing MongoDB as their platform of choice for both modernizing existing and building new applications.”

— Dev Ittycheria, Q1 2026 Earnings Press Release

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