MongoDB Q1 revenue beats estimates on Atlas platform strength

Mongodb

28/05/2026 21:16

Overview
U.S. database software firm's fiscal Q1 revenue rose 25%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat consensus
Company raised full-year guidance, citing Atlas platform strength

Outlook
MongoDB raises full-year fiscal 2027 guidance, citing strength in Atlas platform
Company expects Q2 revenue between $729 mln and $734 mln
MongoDB sees full-year fiscal 2027 revenue between $2.92 bln and $2.96 bln

Result Drivers
ATLAS GROWTH - Revenue from Atlas platform rose more than 29% year-over-year, driving overall revenue growth
ENTERPRISE DEMAND - Co said strong end-market demand across enterprise use cases and emerging AI opportunities contributed to results
GO-TO-MARKET EXECUTION - Management credited go-to-market teams for effective execution in the quarter

Company press release: ID:nPn8rVYCma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$687.60 mln
$667.89 mln (33 Analysts)
Q1 Adjusted EPS
Beat
$1.32
$1.18 (32 Analysts)
Q1 EPS
 
$0.05
 
Q1 Adjusted Net Income
Beat
$112.30 mln
$104.26 mln (30 Analysts)
Q1 Net Income
 
$4.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 32 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for MongoDB Inc is $370.00, about 25.7% above its May 27 closing price of $294.46
The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 66 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)