MongoDB reported fiscal second-quarter 2027 results showing significant momentum across its core offerings. Revenue reached $772 million, representing 30% year-over-year growth, marking the company’s highest quarterly growth rate since fiscal 2024. The company added a record 2,900 net new customers during the period, bringing its total customer base to 70,600. Non-GAAP operating margin expanded to 24%, up from 15% in the comparable prior-year quarter.
The growth was driven primarily by MongoDB’s Atlas cloud database platform and its Enterprise Advanced self-managed offering. Atlas revenue grew approximately 29% year over year for the fifth consecutive quarter, exceeding internal guidance by roughly 300 basis points. The platform added a record $127 million in year-over-year revenue during the quarter, with particularly strong performance among North American enterprise customers. Enterprise Advanced revenue grew 36% year over year, marking the segment’s strongest quarter in three years. The company’s total company net annual recurring revenue expansion rate rose to 122%, compared with 119% in the prior year.
Artificial intelligence adoption emerged as an area of emerging momentum, though management noted it remains a relatively small contributor to overall revenue at present. Atlas Vector Search adoption is accelerating, with 48% of customers generating at least $100,000 in annual recurring revenue now using two or more platform features, up from 42% a year earlier. MongoDB’s Voyage AI embedding and reranking models also showed strong traction, with customer count nearly doubling sequentially for the second consecutive quarter. The company introduced a managed Model Context Protocol server during the period to facilitate integration with AI agents and development tools.
Management highlighted that AI use cases gaining the most traction involve production-scale, customer-facing applications rather than smaller internal tools. Customer examples included The Financial Times using Atlas Vector Search and Voyage models for AI-driven content discovery, and financial services firms deploying semantic search and chatbot capabilities for advisors.
Looking forward, MongoDB raised its fiscal 2027 outlook to revenue between $2.99 billion and $3.03 billion, while increasing expectations for Atlas growth and operating margins. Management characterized the outlook as reflecting continued enterprise demand and consumption growth in Atlas, along with early adoption of artificial intelligence workloads.
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