MongoDB MDB 2026Q2 Earnings Preview Downside Risk Amid Weak Outlook

Forward-Looking Analysis
Analysts project MongoDB’s Q2 2026 earnings will reflect ongoing challenges. The company guided for 2026 growth of 13%, below the 17% consensus and 20% internal expectations. This weak outlook stems from slower non-Atlas revenue, attributed to fewer multiyear license renewals and increased AI and marketing investments. The Zacks Consensus Estimate for Q2 remains unconfirmed, but the downward revision in full-year guidance suggests pressure on earnings. A fair value estimate has been cut from $290 to $222, reflecting reduced growth expectations. Investors should brace for a muted EPS and potential revenue deceleration compared to Q1’s $549 million.

Historical Performance Review
MongoDB reported $549.01 million in revenue for 2026Q1, a 22% year-over-year increase. Despite robust top-line growth, the company posted a net loss of $37.63 million, or $0.46 per share. Gross profit stood at $390.97 million, reflecting strong underlying margins but not enough to offset rising expenses.

Additional News
MongoDB is set to release Q2 2026 earnings on August 26, 2025. During the Q1 earnings call, the company highlighted strong performance, with revenue surpassing guidance. The fourth quarter of 2025 saw total revenue of $548.4 million, a 20% year-over-year increase, and full-year revenue of $2.01 billion, up 19%. Continued customer growth remains a key focus, but recent guidance revisions signal caution. No major product launches or M&A activity have been disclosed in recent reports, with the company emphasizing strategic investments in AI and marketing.

Summary & Outlook
MongoDB’s financial health remains mixed, with strong revenue growth offset by rising costs and a widening net loss. While gross profit remains robust at $390.97 million in Q1, the EPS and net income figures highlight operational pressures. The bearish outlook for 2026 growth—projected at 13% versus previous expectations of 20%—points to key risks, including slower non-Atlas revenue and increased investments. With the fair value estimate cut to $222, the bearish sentiment is reinforced. Investors should watch for Q2 results that may mirror Q1’s earnings pattern, with revenue growth but limited bottom-line impact. The near-term outlook is cautious, with the company likely to face continued headwinds in its path to profitability.