NASDAQ$MDB
MongoDB Inc · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
MongoDB delivered strong Q2 results with accelerating Atlas growth and significant improvement in profitability.
MongoDB reported a robust Q2 FY2026 with revenue rising 24% year-over-year, driven by strong demand for Atlas and continued customer expansion. The company achieved a notable turnaround with positive non-GAAP profitability and positive free cash flow.
- Revenue reached $591.4M, up 24% YoY, with Atlas comprising 74% of the total.
- Non-GAAP net income was $87.2M, or $1.00 per share.
- Free cash flow turned positive at $69.9M, reversing a negative result last year.
- Customer base expanded to over 59,900 total customers.
Headline financials
Revenue & EPS history
MongoDB · Revenue · Quarterly
$591M
Revenue by segment
MongoDB · $14.6M total across 1 segment · Q3 2024
- Services$14.6M+13.2%100.0%
Forward guidance
MongoDB raised its full-year and Q3 guidance, reflecting strength in Atlas adoption and improved margin profile.
Tailwinds
- Q3 revenue expected between $587M and $592M.
- Full-year revenue forecast raised to $2.34B–$2.36B.
- Non-GAAP income from operations forecasted between $66M–$70M for Q3.
- Non-GAAP EPS projected between $0.76–$0.79 for Q3.
- Full-year Non-GAAP EPS raised to $3.64–$3.73.
Headwinds
- GAAP operating loss continues despite growth.
- Gross margin slightly declined YoY (71% vs. 73%).
- High stock-based compensation remains a significant cost.
- Revenue from MongoDB Enterprise Advanced continued to decline as a percentage of subscription revenue.
- Macroeconomic uncertainties and competition remain external risks.
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 2026
+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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