MongoDB, Inc. (MDB) Announced Q1 2027 Earnings on May 28, 2026, Reporting "total revenue of $688 million, up 25% year-over-year"

MongoDB reported total revenue of $688 million in the first quarter of fiscal 2027, representing a 25% increase year-over-year.Atlas consumption revenue grew 29.4% year-over-year, accounting for approximately 75% of total first quarter revenue, adding a record $117 million. EA and Other revenue grew 13% year-over-year in the first quarter.The company delivered first quarter non-GAAP income from operations of $123 million, yielding an operating margin of 18%.First quarter non-GAAP net income was $112 million, or $1.32 per diluted share.Operating cash flow for the first quarter was $202 million, and free cash flow was $198 million.Management highlighted that MongoDB is becoming a strategic platform decision for both core workloads and artificial intelligence applications.The company noted multiple product innovations, including the release of MongoDB 8.3, automated Voyage AI embeddings entering public preview, and native integrations with the LangChain agent framework.Additionally, MongoDB announced the acquisition of Clarity Business Solutions to accelerate its expansion into the U.S. federal vertical, bringing in approximately $10 million in annual services revenue.The company also announced leadership appointments, including Ben Cefalo and Pablo Stern-Plaza as Chief Product Officers, Erica Volini as Chief Customer Officer, and Ryan Mac Ban as Chief Revenue Officer.For the second quarter of fiscal 2027, management expects revenue of $729 million to $734 million, non-GAAP income from operations of $152 million to $156 million, and non-GAAP net income per share of $1.58 to $1.61.For the full year fiscal 2027, the company guided for revenue of $2.92 billion to $2.96 billion, non-GAAP income from operations of $571 million to $591 million, and non-GAAP net income per share of $5.95 to $6.14.Management expects full year Atlas revenue growth in the range of 23% to 25% and EA and Other revenue to see mid-single-digit growth for the full fiscal year.