NASDAQ$MDB
MongoDB Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
MongoDB's Q2 2022 results were exceptionally strong, driven by Atlas revenue growth and customer adoption.
MongoDB announced strong second quarter fiscal 2022 financial results with total revenue of $198.7 million, up 44% year-over-year. MongoDB Atlas revenue grew by 83% year-over-year and now accounts for 56% of total Q2 revenue. The company continues to experience strong customer growth, with over 29,000 customers as of July 31, 2021.
- Total revenue was $198.7 million, an increase of 44% year-over-year.
- MongoDB Atlas revenue grew 83% year-over-year, representing 56% of total Q2 revenue.
- The company surpassed 200 million cumulative downloads from its website.
- MongoDB had over 29,000 customers as of July 31, 2021.
Headline financials
Revenue & EPS history
MongoDB · Revenue · Quarterly
$199M
Revenue by segment
MongoDB · $7.4M total across 1 segment · Q2 2022
- Services$7.4M+27.5%100.0%
Forward guidance
MongoDB is issuing the following financial guidance for the third quarter and full year fiscal 2022. For the third quarter, revenue is expected to be between $202.0 million and $204.0 million, and non-GAAP loss from operations is expected to be between $(25.0) million and $(23.0) million, with Non-GAAP Net Loss per Share between $(0.42) to $(0.39). For the full year fiscal 2022, revenue is expected to be between $805.0 million to $811.0 million, and non-GAAP loss from operations is expected to be between $(67.0) million to $(62.0) million, with Non-GAAP Net Loss per Share between $(1.20) to $(1.13).
Tailwinds
- Revenue is expected to be between $202.0 million and $204.0 million for Q3 2022.
- Non-GAAP loss from operations is expected to be between $(25.0) million and $(23.0) million for Q3 2022.
- Non-GAAP net loss per share is expected to be between $(0.42) and $(0.39) for Q3 2022.
- Revenue is expected to be between $805.0 million and $811.0 million for fiscal year 2022.
- Non-GAAP loss from operations is expected to be between $(67.0) million and $(62.0) million for fiscal year 2022.
Headwinds
- Non-GAAP loss from operations is expected for both Q3 and full year fiscal 2022.
- Non-GAAP net loss per share is expected for both Q3 and full year fiscal 2022.
- Fluctuations in MongoDB’s operating results may be particularly pronounced in the current economic environment due to continuing uncertainty caused by the ongoing COVID-19 pandemic.
- Reconciliation of non-GAAP loss from operations and non-GAAP net loss per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis.
- The variability of charges is expected to have a significant, and potentially unpredictable, impact on future GAAP financial results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
+4.1%
Avg return
Earnings day
+5.6%
Avg return
5 days after
+5.6%
Avg return
30 days after
68%
23 / 34 earnings
Positive
+37.7%
Q2 2026
Best reaction
-29.3%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +5.8% | -16.8% | -22.1% | |
| Q3 2026 | +5.1% | +24.6% | +27.6% | |
| Q2 2026 | +37.7% | +47.2% | +48.6% | |
| Q1 2026 | +12.7% | +6.7% | +5.8% | |
| Q4 2025 | -26.9% | -25.9% | -41.5% | |
| Q3 2025 | -15.3% | -22.2% | -27.6% | |
| Q2 2025 | +23.5% | +20.3% | +14.5% | |
| Q1 2025 | -29.3% | -30.5% | -25.2% | |
| Q4 2024 | -6.4% | -10.0% | -11.4% | |
| Q3 2024 | -8.4% | -9.7% | -14.3% | |
| Q2 2024 | +4.6% | +5.0% | -7.9% | |
| Q1 2024 | +28.1% | +31.9% | +39.9% | |
| Q4 2023 | -6.3% | -9.8% | -3.5% | |
| Q3 2023 | +19.9% | +28.9% | +15.8% | |
| Q2 2023 | -27.1% | -26.0% | -40.0% | |
| Q1 2023 | +20.9% | +15.8% | +13.4% | |
| Q4 2022 | +19.3% | +13.0% | +53.0% | |
| Q3 2022 | +11.0% | +12.8% | -4.8% | |
| Q2 2022 | +29.0% | +24.5% | +20.6% | |
| Q1 2022 | +9.6% | +11.4% | +25.9% | |
| Q4 2021 | +2.6% | +11.5% | +3.4% | |
| Q3 2021 | -0.2% | +21.2% | +25.4% | |
| Q2 2021 | -11.5% | -14.4% | -6.5% | |
| Q1 2021 | -15.4% | -13.8% | -3.8% | |
| Q4 2020 | +6.8% | +21.8% | +55.6% | |
| Q3 2020 | -1.5% | -2.1% | +6.9% | |
| Q2 2020 | +0.3% | -12.4% | -12.5% | |
| Q1 2020 | +6.9% | +24.7% | +12.8% | |
| Q4 2019 | +24.8% | +31.6% | +36.2% | |
| Q3 2019 | +6.8% | -0.7% | -10.7% | |
| Q2 2019 | +6.8% | +13.1% | -1.2% | |
| Q1 2019 | +0.7% | +9.4% | +5.4% | |
| Q4 2018 | +3.0% | -0.6% | +1.8% | |
| Q3 2018 | +1.8% | +9.5% | +10.2% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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