MongoDB, Inc. reported a strong start to fiscal year 2026, with first-quarter total revenue of $549.0 million, a 22% increase year-over-year, surpassing analyst estimates of $526.7 million. Adjusted earnings per share reached $1.00, significantly exceeding the projected 65 cents per share. MongoDB Atlas revenue grew 26% year-over-year, comprising 72% of total revenue.
The company added 2,600 customers in Q1, marking the highest total net customer additions in six years, bringing the total customer count to over 57,100 as of April 30, 2025. This growth reflects strong new business execution and confidence in the company's cloud-based database services.
MongoDB raised its full-year fiscal 2026 revenue guidance to a range of $2.250 billion to $2.290 billion, up from the previous forecast of $2.240 billion to $2.280 billion. Non-GAAP net income per share guidance was also increased to $2.94 to $3.12, from $2.44 to $2.62.
In a move to return value to shareholders, the company authorized an additional $800 million for its share repurchase program, bringing the total authorization to $1 billion. This reflects management's confidence in the business's long-term potential and commitment to profitable growth.
For the second quarter of fiscal 2026, MongoDB expects revenue between $548.0 million and $553.0 million, with non-GAAP net income per share between $0.62 and $0.66. The improved profitability outlook is attributed to Q1 outperformance and continued operational efficiency.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.