MongoDB Inc. shares advanced 1.8% in pre-market trading on Thursday after the company reported fiscal second-quarter 2027 results that exceeded expectations and raised its annual revenue outlook.
The database software provider posted revenue of $772 million, a 30% increase from the same period a year earlier, marking the strongest quarterly growth since fiscal 2024. Adjusted earnings per share reached $1.90, significantly above the consensus estimate. The company attributed the performance to sustained demand for its Atlas platform, which continues to drive customer adoption.
MongoDB also raised its full-year revenue guidance to a range of $2.99 billion to $3.03 billion, up from prior projections. Analysts at Needham reiterated a buy rating with a $430 price target, citing an upward revision in Atlas annual growth expectations to approximately 27% from a prior range of 23% to 25%. Citizens maintained a market outperform rating with a $519 target, noting that third-quarter projections, while indicating sequential deceleration, still surpassed consensus estimates for revenue, operating income and EPS.
The broader market showed little directional movement, with the S&P 500 essentially flat and the Nasdaq slightly lower. MongoDB’s peer GitLab surged following its own results, reflecting resilient demand in the enterprise software sector. The company’s stock remains roughly 15% below its 52-week high of $473.10, set in late 2025.
Investors are expected to focus on further updates regarding Atlas growth at MongoDB’s investor day scheduled for late September, where management may provide additional clarity on long-term trajectory.
