MongoDB Q4 Results & Revenue Exceed Expectations, Both Show Year-Over-Year Growth

MongoDB Posts Strong Q4 Fiscal 2026 Results

MongoDB (MDB) delivered impressive results for the fourth quarter of fiscal 2026, reporting adjusted earnings of $1.65 per share—a 28.9% increase from the previous year and 12.2% above the Zacks Consensus Estimate.

Total revenue reached $695.1 million, up 26.8% year over year and exceeding expectations by 4.7%.

Revenue Breakdown

• Subscription revenue: $673.1 million, up 26.7% and comprising 97% of total revenue.
• Services revenue: $22 million, a 26.1% increase, making up 3% of the total.
• Atlas revenue: Grew 29% year over year, accounting for 72% of quarterly revenue and surpassing a $2 billion annualized run rate for the first time. Atlas continued to be the main growth engine for the company.

Customer Growth in Q4

As of January 31, 2026, MongoDB served over 65,200 customers, up from about 54,500 a year earlier, with 2,700 new customers added during the quarter.

• Atlas customers: Surpassed 63,900, compared to 53,100 in the previous year.
• Customers with $100,000+ ARR: 2,799, up 17% from 2,396 a year ago.
• Customers with $1 million+ ARR: 402, representing 26% growth year over year.
• Net ARR expansion rate: Rose to 121%, up from 119% in the prior year.

Operational Highlights

MongoDB maintained a non-GAAP gross margin of 75% for the quarter, consistent with the prior year.

• Sales and marketing expenses: Increased 22% to $208.1 million, but as a percentage of revenue, dropped by 50 basis points.
• Research and development: Rose 25.8% to $112.1 million, with R&D expenses making up 16.1% of revenue (up 10 basis points).
• General and administrative costs: Grew 15.5% to $45.7 million, but as a share of revenue, fell by 50 basis points to 6.6%.
• Operating income (non-GAAP): $158.8 million, a 41.2% increase, with the operating margin expanding by 200 basis points to 22.9%.

Financial Position and Cash Flow

As of January 31, 2026, MongoDB held $2.4 billion in cash, cash equivalents, short-term investments, and restricted cash, up from $2.3 billion at the end of October 2025.

• Operating cash flow: $179.6 million for the quarter, compared to $143.5 million in the previous quarter.
• Free cash flow: $176.7 million, up from $140.1 million in the prior quarter.

Outlook for Q1 and Fiscal 2027

For the first quarter of fiscal 2027, MongoDB projects revenue between $659 million and $664 million, reflecting 20% to 21% growth year over year. Adjusted earnings per share are expected to range from $1.15 to $1.19, with operating income (non-GAAP) anticipated between $105 million and $109 million.

For the full fiscal year 2027, the company forecasts revenue between $2.86 billion and $2.90 billion, representing 16% to 18% annual growth. Adjusted earnings per share are expected in the range of $5.75 to $5.93, and operating income (non-GAAP) is projected between $545 million and $565 million, with an operating margin of about 19.5% at the upper end.

Stock Rankings and Alternatives

MongoDB currently holds a Zacks Rank #3 (Hold). For investors seeking higher-ranked technology stocks, Cognex (CGNX), Garmin (GRMN), and HubSpot (HUBS) each carry a Zacks Rank #1 (Strong Buy).

Performance of Top-Ranked Stocks

• Cognex: Shares have climbed 21.1% over the past six months. The consensus estimate for the upcoming quarter is $0.25 per share, up 56.25% year over year.
• Garmin: Shares are up 5.6% in six months. The expected EPS for the next quarter is $1.78, a decrease of 10.56% year over year.
• HubSpot: Shares have dropped 40.9% in the last six months. The consensus EPS estimate for the next quarter is $2.44, up 37.08% year over year.

For a full list of today’s Zacks #1 Rank stocks, click here.

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• HubSpot, Inc. (HUBS): Free Stock Analysis Report
• MongoDB, Inc. (MDB): Free Stock Analysis Report

Originally published by Zacks Investment Research.

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