MongoDB beats first quarter 2027 estimates with 25% revenue growth and raises full-year guidance.

MongoDB reported first-quarter fiscal 2027 revenue of $687.6 million, up 25% year-over-year, and non-GAAP EPS of $1.32. These results exceeded analyst expectations for revenue of $664.5 million and non-GAAP EPS of $1.18. The company also raised its revenue and earnings guidance for the full fiscal year 2027.

Key Highlights

• MongoDB's key Atlas platform revenue grew more than 29% year-over-year to $512.5 million, exceeding analyst expectations of 26% growth and signaling resilient cloud consumption.
• Remaining Performance Obligations (RPO) increased 88% year-over-year to $1.46 billion, with current RPO (cRPO) growing 69% to $766.3 million, indicating a strong bookings environment.
• The company raised its full-year fiscal 2027 guidance to revenue of $2.92-$2.96 billion and non-GAAP EPS of $5.95-$6.14, citing business momentum.