# MongoDB financial performance and analyst outlook

> Live situation record from CLSTR: https://clstr.news/situations/mongodb-financial-performance-and-analyst-outlook
> Updated: 2026-09-15T11:57:51.000Z. Sources: 7. Developments: 2.

MongoDB Inc. reported strong second-quarter fiscal 2027 financial results, marked by a 30% year-over-year revenue increase to $771.8 million and a net income of $40.9 million. This performance represented a turnaround from a net loss during the same period the previous year. Growth was attributed to the Atlas cloud platform and momentum in AI use cases. While the company raised its full-year revenue guidance, its stock saw an after-hours decline of approximately 13% due to a third-quarter revenue outlook that suggested a sequential step down.

Following these results, financial analysts have adjusted their outlooks. Scotiabank raised its fiscal year 2027 earnings per share estimates from a projected loss of $0.03 to a profit of $0.42, maintaining a ‘Sector Outperform’ rating. Other institutions, including Barclays, Wells Fargo, and Oppenheimer, also raised their price targets for the company.

## Timeline

### 2026-09-15: MongoDB receives boosted earnings forecasts from Scotiabank

Scotiabank raised its FY2027 EPS forecast for MongoDB to a profit of $0.42 per share, following strong quarterly revenue and earnings that exceeded analyst expectations.

2 sources. https://clstr.news/cluster/mongodb-receives-boosted-earnings-forecasts-from-scotiabank

### 2026-09-01: MongoDB reports 30% revenue growth and raises full-year guidance

MongoDB reported a 30% revenue increase to $771.8 million and raised full-year guidance, but shares fell after-hours due to a sequential decline in third-quarter revenue outlook.

7 sources. https://clstr.news/cluster/corning-and-myr-group-report-institutional-trading-and-conference-updates

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Cite as: MongoDB financial performance and analyst outlook. CLSTR, https://clstr.news/situations/mongodb-financial-performance-and-analyst-outlook