The earnings call presents an overall positive sentiment with strong revenue growth, record customer additions, and a significant increase in operating margin. The expansion of the share repurchase program and strategic acquisition to enhance AI capabilities further indicate confidence in future growth. However, challenges such as a decline in gross margin, softness in April consumption, and anticipated decline in non-Atlas revenue were noted.

Company Guidance -

Q2 2026

During MongoDB, Inc.'s Q1 FY2026 earnings call, the company reported a robust financial performance, with revenue reaching $549 million, marking a 22% year-over-year increase and surpassing their guidance. Atlas, their cloud database service, contributed 72% of the total revenue, growing by 26% compared to the previous year. MongoDB ended the quarter with over 57,100 customers, reflecting a significant increase of approximately 2,600 new customer additions, the highest in over six years. The company's non-GAAP operating income was $87 million, translating to a 16% operating margin, and net income was $86 million or $1.00 per share. MongoDB highlighted strong adoption across various sectors and emphasized its strategic focus on AI, application modernization, and moving upmarket. The company announced an increase in their share repurchase program to $1 billion, underscoring their confidence in the business's long-term potential. Additionally, MongoDB raised its full-year revenue guidance to $2.25 to $2.29 billion and increased their operating margin guidance by 200 basis points to 12%.

Strong Revenue Growth

MongoDB, Inc. reported revenue of $549 million, a 22% year-over-year increase and above the high end of their guidance. Atlas revenue grew 26% year-over-year, representing 72% of total revenue.

Record Customer Growth

MongoDB, Inc. ended the quarter with over 57,100 customers, with total customer net adds being the highest in over six years. Atlas had over 55,800 customers at the end of the quarter.

Solid Operating Margin

The company generated non-GAAP operating income of $87 million for a 16% non-GAAP operating margin, a significant increase from 7% in the year-ago period.

Positive Cash Flow

Operating cash flow was $110 million and free cash flow was $106 million in Q1, up from $64 million and $61 million, respectively, in the year-ago period.

Expansion of Share Repurchase Program

The Board authorized an increase to the share repurchase program by up to an additional $800 million, bringing the total authorization to $1 billion.

Strategic Acquisition Enhances AI Capabilities

The acquisition of Voyage AI enhances MongoDB's ability to serve AI needs, significantly improving the accuracy and reliability of AI applications.

MongoDB (MDB) Earnings, Revenues Date & History

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MDB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 28, 2025	2026 (Q2)	0.67 / -	0.7	―	―	―
Jun 05, 2025	2026 (Q1)	0.67 / 1.00	0.51	96.08% (+0.49)	―
Mar 05, 2025	2025 (Q4)	0.66 / 1.28	0.86	48.84% (+0.42)	―
Dec 09, 2024	2025 (Q3)	0.69 / 1.16	0.96	20.83% (+0.20)	―
Aug 29, 2024	2025 (Q2)	0.48 / 0.70	0.93	-24.73% (-0.23)	―
May 30, 2024	2025 (Q1)	0.38 / 0.51	0.56	-8.93% (-0.05)	―
Mar 07, 2024	2024 (Q4)	0.46 / 0.86	0.57	50.88% (+0.29)	―
Dec 05, 2023	2024 (Q3)	0.51 / 0.96	0.23	317.39% (+0.73)	―
Aug 31, 2023	2024 (Q2)	0.46 / 0.93	-0.23	504.35% (+1.16)	―
Jun 01, 2023	2024 (Q1)	0.18 / 0.56	0.2	180.00% (+0.36)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MDB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 05, 2025	$225.38	$220.14	-2.32%
Mar 05, 2025	$264.13	$192.98	-26.94%
Dec 09, 2024	$350.13	$290.90	-16.92%
Aug 29, 2024	$245.72	$290.79	+18.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.