MongoDB Q2 Earnings Preview: Revenue Growth, Earnings Expectations, and Key Factors to Consider

MongoDB is set to release Q2 earnings on Aug. 26, with expected revenues between $548m and $553m, indicating 22% YoY growth. Non-GAAP earnings per share are expected between 62-66 cents. The company's earnings beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 66.95%. Factors influencing Q2 performance include strong Atlas revenue growth, continued platform adoption, and product initiatives, but also non-Atlas revenue declines and macroeconomic uncertainty.

Title: MongoDB Expects Strong Q2 Performance Despite Headwinds

MongoDB, Inc. (MDB) is poised to release its second-quarter fiscal 2026 earnings on August 26. The company has provided guidance for the period, expecting revenues between $548 million and $553 million, indicating approximately 22% year-over-year growth at the midpoint. This growth is largely driven by continued confidence in Atlas consumption trends, despite anticipated timing differences in the enterprise agreement business [1].

Non-GAAP earnings per share are expected to range from 62 to 66 cents, with the consensus mark for earnings remaining steady at 64 cents per share over the past 30 days, indicating a decline of 8.57% year over year. Notably, MongoDB has consistently beaten the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 66.95% [1].

Several factors are expected to influence MongoDB's Q2 performance. The company entered the second quarter with strong momentum, following a first quarter that delivered 26% Atlas revenue growth and the highest net customer additions in six years. Continued platform adoption across enterprises and startups, along with an upmarket focus on larger enterprises, likely supported deal sizes and sales efficiency. The self-serve channel also continued to expand, driving efficient mid-market customer acquisition [1].

However, several headwinds may have influenced results for the to-be-reported quarter. Non-Atlas revenue categories are expected to have shown modest year-over-year declines, reflecting weaker momentum outside Atlas. Consumption trends exhibited some volatility, with softness at the start of the quarter. Broader macroeconomic uncertainty may have shaped customer spending patterns negatively. Additionally, heightened competition from established database vendors expanding JSON functionality could have affected customer decisions [1].

Wall Street analysts expect MongoDB to post quarterly earnings of $0.64 per share, indicating a year-over-year decline of 8.6%. Revenues are expected to be $551.05 million, up 15.3% from the year-ago quarter. The collective assessment of analysts places 'Revenue- Services' at $17.22 million, indicating a change of +20.4% year over year. 'Revenue- Subscription' is forecasted to reach $537.49 million, with a year-over-year change of +15.9%. 'Revenue- Subscription - MongoDB Atlas-related' is expected to come in at $419.99 million, indicating a change of +23.6% from the prior-year quarter. 'Revenue- Subscription - Other subscription' is projected to be $113.66 million, showing a change of -8.4% from the prior-year quarter. Analysts also expect MongoDB Atlas customers to reach 57,251, up from 49,200 in the year-ago period [2].

Shares of MongoDB have experienced a change of -6.8% in the past month compared to the +1.7% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MDB is expected to mirror the overall market performance in the near future [2].

References
[1] https://nz.finance.yahoo.com/news/mongodb-set-report-q2-earnings-170600387.html
[2] https://www.nasdaq.com/articles/stay-ahead-game-mongodb-mdb-q2-earnings-wall-streets-insights-key-metrics