MongoDB is set to report Q1 FY2027 results on May 28 around 4:05 PM ET, after a 10.35% daily stock rise to $324.95 while shares remain down 29.84% year to date. Last quarter showed revenue of $695 million, up 27% year over year, and non-GAAP EPS of $1.65 versus $1.47 consensus. Atlas grew 29% and reached a $2 billion run rate, while free cash flow rose to $176.73 million from $22.91 million and the company hit the rule of 40 for the first time. The CEO’s first full year included a $90 million Atlas deal and an Enterprise Advanced contract exceeding $100 million, with RPO nearly doubling to $1.47 billion. Key watch items include Atlas consumption growth, AI traction from vector search and Voyage embeddings, and whether early AI customers become meaningful revenue drivers.
"Investors are watching MongoDB ( NASDAQ:MDB | MDB Price Prediction) ahead of its Q1 FY2027 report expected tonight, May 28, at around 4:05 PM ET. The stock just popped 10.35% today to $324.95, but shares remain down 29.84% year to date."
"Revenue hit $695 million, up 27% year over year, and non-GAAP EPS landed at $1.65 versus $1.47 consensus. Atlas grew 29% and crossed a $2 billion run rate for the first time. Free cash flow jumped to $176.73 million from $22.91 million a year earlier, and management hit the rule of 40 for the first time."
"CEO CJ Desai, in his first full year leading the company, also closed two landmark deals: a $90 million Atlas transaction with a large tech firm and a deal exceeding $100 million in Enterprise Advanced, the largest TCV contract in MongoDB history. RPO nearly doubled to $1.47 billion."
"CEO Desai said vector search customers nearly doubled year over year, with adoption of Voyage embeddings also doubling. Emergent Labs picked Atlas over PostgreSQL to power agents across 6 million applications in 190 countries, and ElevenLabs is leaning on Atlas search to support its push to $330 million ARR. CFO Mike Berry cautioned these customers "remain early in their MongoDB journey and are not yet meaningful drivers of revenue.""
Read at 24/7 Wall St.
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